Lincoln cent collection

We had the time to review some of our older blog posts, many are still valid today so we thought we would share them on this platform!

Last month we had a very nice Lincoln cent collection come in, mostly XF to CH BU. The highlights of the set were 1909-S MS63 RB, 1912-S MS64 BN, 1919-D MS63BN, 1922-D MS64 RB, 1924-S MS64 BN, 1927-D MS64 RB which all graded at PCGS, but the best item was a lovely 1955/1955 Doubled die which came back from PCGS as MS64 BN. The 55 is the classic doubled die error of all time and by far the most famous although far too many people mistakenly refer to it as a double strike. This is also the most popular and sought after American coin error and quite possibly the most sought after coin error in the world.

You may not be aware of this but the majority of the 55 double dies were released right here in New England. Apparently, they were shipped from the mint to Brinks and Wells Fargo branches in western Massachusetts where they were paid out to banks and vending companies for change. A large percentage were used in tobacco vending machines. At the time a package of cigarettes was around 23 cents so the vending companies habitually would insert enough pennies inside the cellophane package of cigarettes so they could be vended at 25 cents. This is also the reason why 55 doubled die coins are usually brown with red coins being very rare as the tobacco helped tone the coins almost immediately often unevenly leaving blotchy brown surfaces with red highlights. In years past we always considered them as Red-Brown coins with any trace of red, however thanks to the grading services, today coins with less than 60% red remaining are now classified as Brown. Anyway, the coin I bought was a lovely evenly colored Brown-Red coin classified as Brown by PCGS and is now in the hands of an appreciative collector.

1795 Large Cent and more!

This is a post published several years ago by the Nashua Coin Club, but very accurate today, enjoy!

We have been busy at NC&C this month. The coin business has been steady, pushed primarily by the bullion market. Most of what comes in the door is common silver and wheat cents but occasionally something interesting walks in. Our sign says “We are the Nashua Pickers” we buy neat old stuff. So we have also been buying a lot of old and interesting items other than coins. We are having a lot of fun researching and learning about them.

About a year ago I got a call from guy in Salem, NH who had inherited an accumulation of wheat cents from his Dad. He asked if I was interested and I told him I would gladly buy all his wheat cents. He showed up at my door with twenty three 3 gallon buckets filled with wheat cents which came to over 20 5000 piece bags….. A little more than I expected, but I bought them and had them all sold within a couple of months. At the end of September I heard from this gentleman again. This time he had his grandfather’s collection of half cents and large cents and wanted to sell it for his mother. We set an appointment for the beginning of October.

He arrived at my store accompanied by his mother, with a good size box filled with small bags and a conglomeration of odd and interesting containers of coins, ( sometimes the containers people keep their coins in are more interesting than the coins), not the case here. The seller had everything organized and listed with his notes… there’s nothing more dangerous than a novice who researches the values of his coins online and with the red book….. but that’s another story for another time. He handed me a small box with 6 r 8 early Bust large cents and the first coin I pulled out was a very nice 1795 capped bust cent with strong Fine obverse detail and the usual weaker reverse strike, overall a very desirable piece but this coin had been counter stamped on the obverse. Upon closer inspection the counter stamp turned out to be a very neat example of the Mason’s symbol right smack in the middle of the obverse bust with a numeral 9 punched in the field. This was obviously a contemporary counter stamp of the era based on the condition of the coin and in itself a very desirable collectible.

For those of you who aren’t aware of it, the Nashua Mason’s own my store building and are my landlords so Masonic material is of special interest to me. The other coins in the group were common 1802-1803 and well worn and we quickly agreed on a price for the group. Over the next two hours my friend showed me groups of coins and some single pieces and I proceeded to buy the entire collection. Included was in excess of 400 large cents, 20 or so half cents, 2c pieces, 3c pieces, and odds and ends of early type coins.

The highlights included an 1875-CC twenty cent piece, 1799 and 1800 Bust dollars, a few early bust halves including a nice XF-AU 1817/3 with a large rim dent that turned an $800 coin into a $100 coin. There was the usual conglomeration of common Indian cents with a couple of surprises thrown in and an old Whitman folder of Lincolns with some surprisingly nice early red BU coins.

My friend’s mother told me that when she was a child, her father kept the half cents and large cents in a wooden box on their living room coffee table and as kids they would play with them. She believed the collection was started by her grandfather and passed down to her Dad who added to it.

Overall a very fun and entertaining couple of hours for me, buying a neat collection of fresh coins is always exciting! Although there were more valuable coins included, for me the highlight of the collection was the first coin I saw, the counter punched “Mason” 1795 large cent.

Baltimore Expo Coin Buying Trip

We are excited to be attending the Baltimore Spring Expo. We will be flying out Thursday morning and arriving back on Saturday. Due to this, Nashua Coins and Collectibles will be closed Thurs, March 31st and Friday April 1st, 2022. Hopefully you are able to postpone your coin needs until Saturday or next week when we return to the shop.

Check out our website  https://nashuacoins.wpengine.com/categories/

 

Our staff  will be posting new inventory as quickly as possible here, we will likely have items for upcoming auctions as well.

The store will be open its normal hours on Saturday, April 2nd 12-6pm

We hope to find some great items to purchase on this trip. We have upcoming auctions and want lists to fill. You will definitely want to learn about this buying trip when we get back.  Follow us on Facebook and IG to be up-to-date on everything!!

Stay tuned…


 

2022 Live Coin Auction Dates

Small Cents II, a subsidiary of Nashua Coins and Collectibles will be conducting live coin auctions onsite in our gallery at 202 Main Street, in the heart of Downtown Nashua on the following dates:

February 26th, April 30th, June 25th, August 27th, October 29th, and December 17th

Please follow us on Facebook and Instagram for up-to-date information on these auctions and to learn about our online only auctions being held the opposite months!

#nashuacoins

The Best Features of Small Cents Auctions App

Modern technology really is amazing. Nowadays, smartphones allow easy access to nearly anything you need. For numismatics, this is a valuable research tool. You can find rare coins like never before. Small Cents Auctions, a subsidiary of Nashua Coins & Collectibles, understands that this evolution in technology marks a shift in how auctions are done. The Small Cents Auctions app, available for Apple and Android, has everything you need in an app.

Upcoming and Past Auction Dates

The homepage of the Small Cents Auctions app has a list of upcoming auction dates. With the listings right in front of you, it’s impossible to miss a chance to bid on pieces for your collection. Every time you click the icon, you’re in the know. Plus, they keep track of past auctions too. That way if you do participate, you’ll have a go to place to find when you made purchases.

Consign an Item

Once you’ve created an account, even more features become available. If you have rare coins, stamps or other eligible items you’d like to consign, this app can help. There’s a tab on the app that allows you to send in your valuables for review. Once they’re worth is estimated, they can be put up for auction.

Watched Lots

Another great feature of the app is the Watched Lot function. You can keep an eye on different items and keep them all in one convenient tab. That way when you’re ready to make your bids, you don’t have to go searching. Everything is in one convenient location.

My Bids/Past Bids

The Small Cents Auctions app also allows you to keep track of your bids both present and past. This can help with budgeting and prioritizing which consigns you’re invested in. That way you can watch live as you bid and outbid and decide if going higher is worthwhile for your rare coins.

 

Technology is something else. With advancements in science, auctions can happen right on your smartphone. The Small Cents Auctions app is a dream for numismatics and collectors of rare coins and stamps. Grab the app on iOS, Android or web. For more information, contact Nashua Coins at 603-718-1018 or visit us online!

Get to Know Nashua and Give Back

Get to Know Nashua and Give Back

One of the most welcoming and beloved aspects of Nashua is the abundance of small restaurants and stores downtown. It gives you a feeling of home to be able to walk around and see all the mom and pop shops thriving. However, the downtown didn’t always look like this. Laurie Galbo of Nashua Coins & Collectibles remembers the changes the city has made over the years. While her business specializes in rare and American coins, Laurie has always loved to give back to the city. This season is your chance to not only remember what you love about Nashua but give back to the city. Laurie has created a calendar available on their website and in the shop, with a portion of the proceeds going straight to PAL.

See Nashua Old and New

Learning the history of coins and other merchandise sparked Laurie’s fascination with the past. The focus of the calendar is Nashua. Laurie went around the city herself to collect photographs of some of the most memorable features unique to Nashua. The mill buildings, murals, and statues of downtown have a history all their own that Laurie explored. She set these photos of Nashua today against their counterparts of the past. This calendar shows you exactly how far the city has come over the past century. You’ll be amazed that the landmarks you know and love haven’t always been what you expect.

PAL

A major portion of the proceeds goes to the Police Athletic League, or PAL for short. This organization focuses on helping kids in the community. Each year, PAL does this with Tactical Christmas. Tactical Christmas is an event where the police, task force, and tactical teams go out dressed in gear to deliver presents with Santa Claus. This event promotes the Christmas Spirit while delivering gifts to families who may not be able to afford them otherwise.

 

If you love the city you live in, give back to it. Laurie Galbo may work hard at Nashua Coins & Collectibles, but her passions are PAL and this city. For more information on the calendars, contact Nashua Coins at 603-718-1018 or visit them online!

Six Fun Facts of the Indian Cent

Six Fun Facts of the Indian Cent

One of the most popular pennies in existence would be the Indian Head Penny. Even people who don’t collect recognize the now iconic penny. James Longacre designed the Indian Head Penny. Because it premiered in the years leading up to the Civil War, this penny is viewed as an important part of the history of American coins. Though it was only struck from 1859 until 1909, the Indian Head Penny remains a favorite part of many coin collections. Here are six more fun facts about the Indian Head Penny!

 

1.

The Indian Cent evolved from the Large Penny. When the Large Penny was first minted, the public did approve. As the Mint reduced the size of the penny, the Flying Eagle Penny came to be. As design flaws affected the use of the Flying Eagle Penny, the Mint replaced it with the Indian Head Penny.

2.

Though most think the design is of an Indian Chief, the face was intended to be Lady Liberty adorned with an Indian headdress. When it comes to American coins, it’s hard to get more American than Lady Liberty and Native Americans.

3.

Due to their location on the timeline, Indian Head Pennies have different values. It was struck for fifty years, so multiple editions of this penny exist. The earlier versions from the years leading into the Civil War carry a higher value than newer editions. Of course, this is just a rule of thumb.

4.

The very first Indian Head Penny featured a laurel wreath on the opposite side. This edition of the penny was made of a copper-nickel composition. However, within a year, the laurel wreath was exchanged out for an oak wreath. When they made this change, they also added a small shield to the top of the penny.

5.

Most coins that enter circulation only last a few decades. Very rarely do circulated coins still exist 100 years later. This is what makes the Indian Head Penny so fascinating. Not only did it survive over 100 years, but certain editions remain in abundance. Naturally, the abundant versions are not as valuable as the more rare editions.

6.

The Indian Head Penny faced a lot of changes in 1864. The first significant change was the composition. This is the year the United States Mint chose to use bronze in penny production instead of copper and nickel. This year also saw the addition of a small L to the bottom of the headdress in honor of James Longacre.

American coins have such a rich history that too many people are unaware of. For example, the 1908 and 1909 Indian Head Pennies are the only editions with the mint marks printed on them. You never know what facts follow around the coins in your pocket. For those interested in numismatics, contact Nashua Coins & Collectibles today or visit them online!

Tips for the Coin Show Circuit

Tips for the Coin Show Circuit

All coin collectors one day hope to make it to a coin show. Whether it’s a small scale show for the day or a weekend event with a couple of hundred vendors, it’s exciting. Not only do you get to meet people who share your passion, but you get to see rare coins you never knew existed. When it comes to your first coin show, it can get overwhelming. Here are some tips and tricks for making the most of the coin show circuit!

 

Know Your Money

This doesn’t just apply to knowing your coin collection. You should always keep your budget in mind. This means know how much you’d be willing to spend to grow your collection and how much you’re going to ask for if you are selling. Always be sure to have cash on you. While some vendors may be credit and debit accessible, many will not be.

Keep It Comfortable

Of course, you want to dress respectably to show you know what you’re talking about. You should. Still, keep in mind that it’s going to be a long day. You’re going to spend most of that time on your feet. Make sure that your clothes are neat but comfortable. Your shoes should give you enough support to make it through the day.

Know the Floor

Knowing the floor starts before you even get to the coin show. Prepare yourself by finding out which vendors and coins are going to be there. This may not be necessary for smaller coin shows, but at larger coin shows you won’t have time to see everything. Know what you want to look at! Once there, find where those coins and vendors are located so you can work smarter and not harder. If you prepare accordingly, you may even have spare time to visit vendors you didn’t expect!

Bring Your Tools

You would never purchase a coin without inspecting it first. You should go one step further and bring your own tools so you know the quality of the inspection. Of course, vendors wouldn’t intentionally try to scam anybody. Still, if their tools get used and dirty throughout the day, using your own is a definite way to give a thorough inspection. This comes in handy with rare coins.

The coin show circuit is here to bring numismatic enthusiasts together to display and sell their goods. The larger the coin show, the more overwhelming it can get. If you follow these tips and tricks, you’ll be a pro. You can see rare coins to your heart’s delight and maybe make some connections. For more on American and rare coins, contact Nashua Coins and Collectibles today or visit them online!

Their Expertise in Coins and Care

Their Expertise in Coins and Care

Numismatics is the study or collection of money in different forms. From coins to paper currency to medals, there are so many different kinds of money in the world. Something people tend to overlook is that money gains value over time. A lucky penny may be worth more than a cent if you keep it long enough. Nashua Coins & Collectibles understands this and helps collectors and sellers know the value of their coin and money collections. With a specialty in American coins, here’s what makes Nashua Coins experts in their field!

 

Their Specialty

Gary Galbo founded Nashua Coins as a full-service coin dealer nearly forty years ago. He started with a focus in Small Cents rare coins due to his love for Lincoln and Indian cent series. The Lincoln cent first popped up in 1909. Victor David Brenner designed the Lincoln penny for the United States Mint, and it has since seen various reverse sides. The Indian cent, on the other hand, dates back to before the Civil War and has remained a favorite collection item ever since. Nashua Coins know their schtick when it comes to American coins.

National Coin Show

Gary has worked the national show circuit many a time before. Between 1996 and 2004, that was his primary focus. His experience there has made Nashua Coins & Collectibles even better at knowing the best route to go with your collection. Whether you’re looking to expand your collection or sell for a profit, Gary and his staff can help you take those steps. They can give you an appraisal and show you the ropes of the coin show circuit.

Networking

The staff of Nashua Coins is well connected. Gary alone is a lifetime member of the American Numismatic Association. On top of this, Gary stays involved with Central States Numismatic Society, Florida United Numismatics, and the New England Numismatic Association. For Nashua locals, consider joining the Nashua Coin Club of which Gary is the president!

 

Coins have a varied and fascinating history. You never know when that quarter you found on your Grandma’s nightstand will be worth a fortune. For any questions on American coins, coin collections, or auctions, talk to Nashua Coins & Collectibles. Contact them today or visit them online!

Some Terms For The Numismatist

American coins

Entering the world of coin collecting is an exciting and intense experience. With so many collectible American coins or foreign currencies, there is plenty for a new Numismatist to look out for to know what they want to collect. After all, the collecting is for you at the end of the day. You want to be proud of your collection. When you first start collecting coins, it can be complicated to know where to start. Do you just happen to find the coins, buy them, sell any that you have?

While some of those questions are best figured out in person with the help of our shop dogs, we can start you off with the basics. Knowing terms that you will hear the farther into coin collection you go will be a huge step to completing your first collection. The Fun Times Guide had a fantastic guide for the top terms that you should know. We agreed with them. So, without further ado, some 10-coin collector terms they listed that you should be aware of when you start collecting!

 

American coins

 

  • Numismatist

    • When you start collecting coins, you are a Numismatist. The extent of what counts as a real collector is up for debate in the community, but as far as we are concerned, if you collect, you are a Numismatist! Congratulations.
  • Coin grading

    • The actual act of evaluating American coins. The process figures out the state of the currency’s preservation ultimately based on the lack of/amount of wear that the coin has.
  • Brilliant Uncirculated

    • BU for short, this is a standard grade for coins. It pretty much means that the coin has no wear with “good to superb surfaces.” So, if you have a perfect coin, you have a BU coin.
  • Redbook

    • Instead of a little black book, Numismatists have the little red book. The book is called A Guide Book of United States Coins by Kenneth Bressett and R.S. Yeoman. In circulation since 1947, the book is republished every year with updates and contains valuable information like price lists, coin information, and color photos of the coins that you can encounter when collecting American coins.
  • Third-Party Graders

    • This one is pretty self-explanatory. These are the companies or firms that you will send you coins to so they can be evaluated and graded.
  • Slabbed Coin

    • In a hard, sonically sealed and tamper-evident holder, Slabbed coins are coins that have been graded and authenticated by a third-party grader.
  • Cull Coin

    • These are the coins that can save you money when you start collecting. These coins are just coins that don’t necessarily meet the “standards” of the coins that a majority of collectors are seeking.
  • Eye appeal

    • The aesthetics of the coin are worth a bit. If the surface quality of the coin is good, then it has excellent eye appeal regardless of the grade.
  • Novelty Coin

    • These are the legal tender coins that are altered to be “commemorative” coins. Usually made in honor of presidents, these coins feature images of presidents like Kennedy and Obama, as well as Sacagawea.
  • Proof Coins

    • These coins are manufactured with polished coin blanks and struck with specially prepared dyes for the coin. It is how the coin gets made, not a grade.

 

 

With these terms under your belt, you are sure to be on your way to becoming an expert Numismatist and find rare American coins. When you are ready to start your next conversation about coin collecting, stop into Nashua Coins and Collectibles today on Main Street in Nashua or give us a call at (603)-718-1018.

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