Publish date:

This week's letters (12/31/13)

I would love to read opinions on the following subjects.
Author:
2014 U.S. Coin Digest

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What do NN readers think about these subjects?

I would love to read opinions on these subjects:

Is it okay to clean coins?

Do you approve of repairing coins?

What can we do to attract younger people to the hobby?

Should coin club officers be rewarded for holding office? (If no, how about club officers that serve more than one term? If yes, what kind of reward?)

What is your favorite U.S. coin to collect?

What is your favorite non-U.S. coin to collect?

What is your favorite coin within your collection and why?

What should a coin club do to increase membership?

Best wishes to you and your staff at NN this holiday season.

A California subscriber

Why sell hoard of gold coins in only two lots?

In the Dec. 3 issue there is a front page article on an auction of 216 gold dollars all dated 1856. I guess that I do not understand the coin market.

Why would a consignor or an auction house break this group of coins into only two lots?

There are one MS-66, two MS-65, and 10 in MS-64. All of these would be highly sought by collectors. Why have all but the MS-66 be in the same large lot? Only a large dealer would be interested in this many coins of the same date at wholesale.

The way I see it the consignor and the auction house would both get a better return offering at least all of the MS-64s and above separately yielding prices closer to retail.

It is a shame that it prevents collectors from getting a chance at these great gold dollars.

Richard Vatovec
Address withheld

People don’t understand bitcoins as currency

The No. 1 problem with this bitcoin malarkey is that we don’t completely understand it.

To me this cyber currency is about the same as someone trying to sell a virtual 1804 Draped Bust silver dollar coin. Can’t see it, can’t touch it, but “trust me” it’s there. Just hand me a pile of money and it’s yours. “Trust me.”

Over time it might just be the best thing since sliced bread! I don’t know because I don’t understand it and probably never will! The only guy that does is the one who dreamed it up in the first place.

How long will it take someone to start counterfeiting them? We’ll never know because they’re virtual. Can’t see them, can’t touch them, don’t know what a real one even looks like.

Michael P. Schmeyer
Spencer, N.Y.

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