Type your paragraph here.

​​Welcome to the Official Site of The Ocala Coin Club!

A friend from out of state sent me this email asking if I would use it on our web site.  With respect for the variety of beliefs of our membership, I am printing it here.  I don't not know if it is original or who may have discovered the authorship, but I will just let it stand as it is and print this story

Check out THE Q - WQBQ AM 1410
   
- "The Voice of Lake County" -
The Ocala Coin Club sponsors the 5:30 p.m. daily market report.   The best in local radio.  Listen from anywhere @    www.1410WQBQ.com
 

Compiled by:   Mark Trout,

Web master  and President of the 

Ocala Coin Club

And a collector of type coins, Jefferson nickels, small dollars, Souvenir cards, interesting currencies, F.U.N. tokens and  Wooden nickels, and a hodgepodge of most other numismatic collectibles!

JUST A PENNY

You always hear the usual stories of pennies on the sidewalk being good luck, gifts from angels, etc. This is the first time I've ever heard this twist on the story. Gives you something to think about. 

Several years ago, a friend of mine and her husband were invited to spend the weekend at the home of her husband's employer.  My friend, Arlene, was nervous about the weekend. The boss was very wealthy, with a fine home on the waterway, and cars costing more than her house. 

The first day and evening went well, and Arlene was delighted to have this rare glimpse into how the very wealthy live. Her husband's employer was quite generous as a host and took them to the finest restaurants. Arlene knew she would never have the opportunity to indulge in this kind of extravagance again, so was enjoying herself immensely. 

As the three of them were about to enter an exclusive restaurant one evening, the boss was walking slightly ahead of Arlene and her husband.  He stopped suddenly, looking down on the pavement for a long, silent moment.  Arlene wondered if she was supposed to pass him. There was nothing on the ground except a single darkened penny that someone had dropped, and a few cigarette butts. Still silent, the man reached down and picked up the penny.  He held it up and smiled, then put it in his pocket as if he had found a great treasure. How absurd! What need did this man have for a single penny? Why would he even take the time to stop and pick it up? 

Throughout dinner, the entire scene nagged at her.  Finally, she could stand it no longer. She casually mentioned that her daughter once had a coin collection and asked if the penny he had found had been of some value. 

A smile crept across the man's face as he reached into his pocket for the penny and held it out for her to see. She had seen many pennies before! What was the point of this? "Look at it," he said. "Read what it says." 
She read the words, " United States of America .." 
"No, not that. Read further." 
"One cent?" 
"No, keep reading." 
"In God we Trust?" 
"Yes!" 
"And?. . ..." 

"And if I trust in God, the name of God is holy, even on a coin. Whenever I find a coin, I see that inscription. It is written on every single United States coin, but we never seem to notice it! God drops a message right in front of me telling me to trust Him. Who am I to pass it by? When I see a coin, I pray. I stop to see if my trust IS in God at that moment. I pick the coin up as a response to God; that I do trust in Him. For a short time, at least, I cherish it as if it were gold. I think it is God's way of starting a conversation with me. Lucky for me, God is patient and pennies are plentiful!"

When I was out shopping today, I found a penny on the sidewalk. I stopped and picked it up and realized that I had been worrying and fretting in my mind about things I cannot change. I read the words, "In God We Trust," and had to laugh. "Yes, God, I get the message!" 

It seems that I have been finding an inordinate number of pennies in the last few months, but then, pennies are plentiful! And, God is patient.


​                                                                                                                  --author unknown; sent to me by Bob of Ohio


“You’re My Type!” by Mark L. Trout


A woman in the post office ahead of me pulled some cards out of her purse; she stepped up to the counter and told the postal clerk she was mailing some “Mother’s Day” cards and needed some stamps.  The postal clerk noticed that the cards were in different sized envelopes, some colors, some flowered, and asked:  “What denomination?”  The lady paused for a moment and then said:  “Three Baptist, a Presbyterian, a Methodist and a Pentecostal.”
The postal clerk laughed – “I meant what denomination of stamps!”

When we first began collecting coins we may have begun with a palm-full of coins of different denominations.  We liked the Buffalos, thought the Indian cents looked neat and wondered what the lady was holding on the shield and why was that large copper-colored one almost as heavy as the big silver coin.  And then there was that little one with the three Roman numerals on it!

Most of us begin our collecting adventures as a “type collector.”  By “type collector” I mean that we collect single coins limited by some time period, or theme or value.  We have a few coins of different denominations, and types, and we decide to add other coins to go with them.  We decide to get a Shield and a Liberty Head to go with the Buffalo and the Jefferson nickels.  Or we need a whitish, pale Indian Head cent to go with the regular dark brown one.  We look through The Red Book and now need a Flying Eagle to go with the other small cents – including one with wheat ears and the silver colored one with 1943 on it.  That’s type collecting!

What makes a type set?  There are five basic criteria for a type set.  These include: 

  • The denomination, or monetary value; like cents, nickels, etc.
  • The obverse or reverse design; like portraits of Washington, trains or animals, etc.
  • The composition of the metal; like copper, nickel, silver, gold etc.
  • The source of the coin; it’s country, state, province or business
  • The size and/or shape of the coin; dollar-sized, octagons, with holes, etc.


Just so you know:  There’s no absolute, perfect “right way” to collect coins.  Your type set depends entirely on your personal preference!  You can collect coins by denomination, that’s half-cent, one cent, two cent, three cent, half-dimes, dimes, twenty-cent pieces, quarters halves and dollars.  If you wish you can add gold dollars, two-and-a half dollars, five dollars, ten dollars, twenty dollars, and even $50 coins! 

You can secure one of each type of any denomination – like Shield, Liberty Head, Indian Head/Buffalo, and Jefferson Nickels.  You can collect by date – one coin for each year – in cents, nickels, dimes, quarters, and so on.  You can do both date and mint mark collecting but if you do, bring your bank account for the 1909-S VDB Lincoln, the 1916 Standing Liberty Quarter, or the 1894-S Barber Dime! 

There are also year collectors who choose to assemble a type set by year – like 1925, 1953, or 1974 and they do not limit their collection to just US coins but collect coins from all over the world that bear that same date.  Some collect coins from all over based on a theme from history, from art, or by design.  There are as many ways to collect as there are collectors! 

As you attain one of each type of your favorite coin and you succeeded in accomplishing your original goal, your search and experience allowed you to learn about other varieties that could be added to your type set.  Usually we consider varieties to type collecting as:

  • additional mint branches, such as Denver, or Carson City, or Mexico City
  • obverse changes like adding stars, drapery, arrows, and such to the design
  • reverse changes like removing or adding rays, mottos, or initials to the coin
  • changes in composition or weight like 90% silver to 40% silver or copper-nickel.


Of course you learn about errors and eventually die varieties and die pairs.  When exactly is your collection complete?  When you say so!  While there are many opinions, there is no perfect answer.  There are over 300 types of coins minted by the U.S. government since the mint opened in 1792.  It’s your choice how wide reaching your type collecting ranges.  You can choose any of these types by denomination or by content of copper, nickel, silver or gold.

 Consider for a moment small cent type collecting.  You could begin with five coins – a Flying Eagle, an Indian Head, a Lincoln with wheat ears on the reverse, a Lincoln with the Memorial design and a Lincoln with a shield.  You can, if you wish, expand your type set by adding the Indian Head cent with laurel leaves (just 1859 only); a copper-nickel Indian Head from 1860-1864;  a Steel cent from 1943; a Memorial Lincoln from 1959-1981 in copper; all to go with your original 2015 Lincoln from pocket change! 

For those who really want to expand their small cent type set, you can add a small letter variety Flying Eagle, a mint-marked Indian from 1908 or 1909, a wheat-eared Lincoln with VDB on the reverse (just a Philadelphia one, not the super deluxe San Francisco one!)  While you’re adding, consider a shell case cent from the post-war years, the small date 1960 (compared to common large date you’ve discovered), the seven varieties of the 1982 Lincoln cent, and while you’re adding coins, keep looking for all four of the Lincoln Bicentennial cents of 2009,   But that’s up to you – you could consider the proof Lincolns, one with and one without a mintmark, and one of the Special Mint Sets from 1965-1967 if you just have to have one of everything!  Now do you understand how varied type collecting can be? 

Every collector decides how deep they want to go into their passion.  For some of us, we are content to fill in the holes of book, a frame, a cardboard holder, or our own parameters in notebook sheets.  Some collectors chose to build a “family tree” selecting a coin to represent various relatives through multiple generations using the date on the coin to commemorate the births.  Other people collected a type coin from their love of a design, from art, from memorable moments of history, or from places they’ve vacationed, lived or worked.  Some, if they would admit it, have attained type coins from a coin show where they simply discovered a great purchase.  (We may even call this “cherry picking” or merely being an astute numismatist!)  Type Sets are not limited to one metal:  copper, brass, bronze, aluminum, nickel, silver or gold can be incorporated into any type set depending on your subject, your interests, your personal collecting.  You may leave your favorite type to specialize in one series.  You may consolidate your holdings into a trophy coin of your choice – a key date or a rarer coin collected just for itself – an icon in its own series.

Where do you go from here?  Do you want to collect animals or airplanes?  What about ships, trains or automobiles?  Type collecting can fulfill your dreams.  You can make it easy, medium or hard.  Type collecting may be as simple as a few pieces, a small coin holder, board or book.  For an advanced collector, why not attain a twentieth century type set of key date coins?  That would include the research and the search for such collectible treasures as the Lincoln 1909-S VDB cent, the 1913-S type II Buffalo nickel, the 1916-D Mercury dime, and other such elusive relics.  If your pocketbook won’t let you acquire these in Mint State 65 condition, then pick them up in Fine or Very Fine and pursue a key-date type set.

Novice collectors can collect type coins, too.  Who says your two-cent piece type coin had to be saved in Mint State 66 Red?  There’s nothing wrong with an obsolete coin in Good, Very Good, or Fine and you can collect toward a 19th century type set as well as a complete 20th century type set of copper, nickel and silver coins without spending hundreds of dollars per coin.

Type collectors may also be serious Numismatists.  I would recommend David W. Lange’s four articles from January through April of 1998 The Numismatist on type coin collecting.  His evaluation of choosing the best specimen of each series of US coins is both informative and intriguing.  There is much to be learned if you desire to be a knowledgeable collector, not merely an accumulator of coins!

A local garage in a small Kansas town caught fire and was totally enveloped in flames.  The local fire engine, with six volunteers clinging to its sides, came charging up to the fire at high speed.  The fire wagon drove right into the garage and the middle of the flames.  The six fire fighters jumped off and put out the fire in no time flat!  A tourist who happened to be wealthy was so impressed with their brave and efficient work donated $1,000 to the small town’s fire department to use for equipment.  He asked, “For what will you use the money?”
The fire chief drawled, “Well, first we’re gonna’ fix the brakes on the fire truck so we can stop when we arrive at a fire!”

Before you merely gather and hoard coins, please fix the brakes!  Set your goals and discover what you would like to collect by reading.  Buy the book, subscribe to the magazines, surf the net, and gain more information about the coins you already own.  Then you can learn how to be a knowledgeable and well-informed type set coin collector.  An investment in knowledge will pay more than your wallet or your coin collection can generate!  Find your favorite type coins and always know that you set your own limits – no publisher, no chart, no other collector can demand that you collect your coins in a certain way no matter what your denomination!

When you walk the aisle at a coin shop, a coin show or by the auction table here at coin club, you will know what you are looking for and when you have found it.  Then you can say with pride, “That’s the coin I went looking for!  You’re just my type!”

------------
Bibliography

Yeoman, R. S.; edited by Bressett, Kenneth; A Guidebook of united States Coins.  [The Official Red Book] 68th edition, Whitman Publishing, Atlanta, 2015.
Lang, David W.:  “Assembling the Ideal 20th Century type Set” in The Numismatist.  American Numismatic Association, Colorado Springs; January; February, March and April issues, 1998.
Bowers, Q. David; A Guide Book of United States Type Coins.  2nd edition, Whitman Publishing, Atlanta, 2008.
www.numismalink.com

www.coinfacts.com
www.coinweek.com