I collect coins and car (my collection has just one car at a time).
I buy cars new and drive them till they’re About Good and holed.
I never thought there was much similarity between coin collecting
and car collecting until I read a recent story in the New York Times
about the 50th anniversary of the Porsche 911. Turns out, coin and car
collectors do the same thing, just on a different scale.
The car started life as a 901, but was quickly changed to 911
because Peugeot had the rights to three-digit model numbers with a
zero in the middle, according to Times reporter Fred Heiler.
To me, that sounds a whole lot like the 1909 Lincoln cents with
and without V.D.B. and 1883 Liberty Head 5-cent coins with and without
the word CENTS.
In 1976, Porsche began using zinc-coated steel for the body. The
metallic content of coins, too, has changed from time to time. In
1982, just a half dozen years after Porsche added zinc to the mixture,
the U.S. Mint did, too. In 1982, the Mint switched from bronze cents
to copper-plated zinc ones.
Collectors prize cars made between 1969 and 1973. Dennis Frick,
owner of Europa Macchina, a Porsche restoration business in
Lewisberry, Pa., told the Times, “The 911 Porsches built after 1973
became heavier, and the pre-1969 cars simply aren’t as good.”
In just about any series, type collectors zero in on dates that
were particularly well struck. They avoid such things as mushy Proof
strikes of all denominations from the 1950s and poorly struck Indian
Head 5-cent coins from the 1920s. Cars and coins, it’s all the same.
The Porsche 911 sometimes is found with a prefix, just like coins;
only, we put the letters after the number and call them Mint marks.
The 911RS, produced in the early 1970s, was a limited production,
high-performance model. The Times article says a 911RS in decent shape
costs six figures, while more mundane 911 Porsches go for $30,000 to $70,000.
A Mint State 60 1893 Morgan dollar lists at $650 in Coin World’s
Coin Values. Add a Carson City Mint mark below the bow and you’ve got
a $120,000 coin. A CC on a coin, an RS on a car — the difference can
be big money.
The Porsche 911 model is available in upgraded versions, too. The
twin-turbo engine Porsche 959 was the fastest street-legal production
car in the world when it was introduced in the mid-1980s.
This reminds me that Heritage sold a Professional Coin Grading
Service Specimen 65 Cameo 1893-CC Morgan dollar this April for
$141,000. Only a dozen are believed to have been struck.
Car collectors, though, do have one great thing going for them
that coin collectors don’t. That Porsche 959 will go 200 mph — a lot
faster than you can roll an 1893-CC Morgan dollar.
Gerald Tebben is editor of the Central States Numismatic Society’s Centinel.