The latest Coin World monthly issue, dated Nov. 6, 2017, is
out the door, and we present exclusive previews of a few articles, to
be found also in your latest digital edition of Coin World.
Balancing Problems: Weighing the merits of a problem coin
You’ve probably heard the advice to avoid buying a “problem coin” —
a coin suffering from a bad cleaning or being holed or other
significant damage. However, Steve Roach writes that astute collectors
can balance a coin’s problems against its rarity and other merits.
“The rule that collectors shouldn’t buy problem coins seems to be
breaking down as astute collectors realize that many coins have been
cleaned at some time in their history and as grading services take the
guesswork out of confirming the authenticity of problem coins,” Roach
writes. Should you consider buying a problem coin?
Railroad notes: Keeping your collection on track
In the 19th century, banks were not the only businesses that issued
paper money. In an era when railroads were being built throughout the
United States, railroad companies found that they could serve
customers in another way, by issuing paper money.
This was all perfectly legal. “Prior to the opening of the Civil
War, federal law did not restrict private forms of money, so private
businesses of all kinds met a public need by issuing their own
currencies,” according to the article, available only in the print and
digital editions of Coin World.
In Canada, silver dollars survived into the 1960s
Canada began striking silver dollars for circulation about the same
time that the United States stopped producing its own dollar coins for
commerce, writes Mark Benvenuto. The denomination continued to be in
production well into the 1960s before being abandoned in favor of
dollar coins of cheaper compositions.
“The year 1935 saw the last gasp of the Peace dollar series, but
also the unveiling of the first circulating Canadian silver dollars,”
Benvenuto writes. Even after production ended in 1967, dollar coins of
several different kinds continued to be struck for Canada.
Tips on grading Mint State Barber half dollars
Collectors pursue the Barber half dollar, struck at multiple Mint
facilities from 1892 to 1915, in several different ways, including
buying a single Mint State example for a type set or buying one made
at each Mint. Michael Fahey writes that no matter what approach a
collector takes, it is important to know how to grade the series.
“When grading a potential Mint State Barber half dollar, your first
concern is to verify that the coin is truly Mint State, and not an
About Uncirculated example,” he writes, adding, “Many AU Barber half
dollars have been cleaned, polished, whizzed, artificially toned, or
otherwise ‘doctored’ to appear fully Mint State.”
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