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.

Four Ways To Make Coins Appraisal A Success

coins apparaisal

Finding rare coins is exciting. You feel like you’ve opened up a brand new world of possibilities, and you can’t wait to find out how much your coins are worth. The next step, naturally, is to get your coins appraised by a professional. If you’ve never been to a session before, you should prepare by bearing these tips in mind. These steps ensure that your coins appraisal is successful. Nashua Coins is always happy to answer any questions you may have!

 

coins apparaisal

 

1.) Ensure the condition of the coin(s) 

If an item gets damaged, there is no way that its value will remain intact or that it will increase over time. When they’re not getting evaluated, it’s best to ask professionals like ours for tips to ensure that they stay in the best condition possible. We’ll provide honest advice. It always works better than going DIY.  

 

2.) Go to a professional

Don’t waste your time with people who don’t know the actual market value of any rare coins you have in your possession. You only want to go to people who know what they’re doing and can get you the most value for your products. Luckily, Nashua Coins & Collectibles has professionals on hand who know what they’re talking about and are happy to share that information. You’ll get the most out of your experience when you visit us.

 

3.) Think of questions you may have

Especially if you’ve never been to a coin shop before and are new to the world of coins appraisal, you probably have some questions about the process. Even if a problem seems to be inconsequential, you can gain plenty of information if you take the time to ask. We’re not here to judge. We’ll happily answer questions you have about the process so that you feel comfortable.

 

4.) Have realistic expectations

It’s tempting to buy into the myth that nearly all old antiques and coins are worth lots of money. Sure, there are highly valuable items that are just waiting to get appraised. However, not every old product will yield a fortune. We love giving people the good news about their coins. Still, it’s best to maintain realistic expectations, so you don’t feel too disappointed if your profit margin is low.

 

 

Nashua Coins & Collectibles is happy to talk to our customers about coins appraisal, so feel free to give us a call at (855)-287-2216 and see what we can do for you today!

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.

The Henning Nickel

American coins

The beginning

In 1954, collectors in the New Jersey/ New York area began reporting 1944 nickels turning up in circulation. Missing the “P” mint mark on the back and the lack of wartime 35% silver composition.  These have been referred to as the “Henning” nickel, these counterfeits made by Francis Leroy Henning of Erial, New Jersey. The  FBI quickly caught on in 1954, It is estimated that more than 100,000 of these put into circulation in 1954-55.  Also, the coins weighed 5.4 grams compared to 5-5.1 grams for authentic coins. 

 

The consequences

The legend is that Henning dumped 200,000 to 400,000 counterfeit in creeks and rivers in New Jersey when the Feds sought him. The counterfeits are made of 80% nickel with some steel and other elements.  One of the mysteries associated with the issue is why did he make them. Considering that given the materials and work involved, it was not economically beneficial. In fact, he probably lost money on them. Henning was also purported to have produced counterfeits dated 1939, 1946, 1947, and 1953.  He had a previous arrest for counterfeiting $5 bills. When caught, Henning was sentenced to 3 years in jail and fined $5,000.00 for his counterfeit American coins.

To learn more about historic American coins and also see our coin collection, visit Nashua Coins & Collectibles. If you have any questions about our business or what we have to offer, give us a call at 603 718-1018

 

 

 

 

2009 Lincoln Cent Designs and Penny News: 2009 Lincoln Pennies and Bicentennial Coins

American coins

In 2009, the United States Mint struck four different pennies and two silver dollars in celebration of the life and legacy of one of America’s greatest leaders, Abraham Lincoln. 2009 Lincoln pennies commemorate the bicentennial birth of President Lincoln and the 100th anniversary of the Lincoln cent.

While the obverse or heads side of these American coins have remained unchanged, new reverse designs beautifully portray facets of Lincoln’s life. The first, second and third cents have already launched into circulation. Here are small images and links to each of the four new American coins designs:

2009 Lincoln Cents

Lincoln Cent Birthplace
#1

Lincoln Cent Formative Years
#2

Lincoln Cent Professional Life
#3
Lincoln Cent Presidency
#4

Abraham Lincoln was born February 12, 1809, in Hodgenville, Kentucky. In 1909 the Congress passed a bill to change the design of the penny from the Indian head design to commemorate the 100th anniversary of the birth of one of the greatest leaders in United States history, Abraham Lincoln.  We’ve had Lincoln pennies ever since. The longest running coinage series of all US coins.

 

#1 Lincoln’s Birth 

The first design of 2009 shows the Log Cabin where Lincoln was born, in Hodgenville, Kentucky.

 

#2 Lincoln’s Formative Years

The second design of 2009 shows Lincoln reading a book while taking a break from splitting logs for firewood.  Lincoln grew up and spent his formative years in Indiana where he studied law and eventually became a lawyer.

 

#3 Lincoln’s Professional Life

The third design shows Lincoln in Illinois where he first became elected to the United States Senate.

 

#4 The Presidency

The fourth design shows the new White House in Washington DC, which was completed during Lincolns first term as president.

 

 

For rare American coins and other collectibles, visit Nashua Coins & Collectibles. Give us a call at (603)-718-1018 and see what we can do for you today!

Our Coin Store’s Experience at the Chocolate Stroll

showcase storefront

2018 Nashua Chocolate Stroll: One for the Books!

While February is often cold and harsh to deal with for New Englanders, it brings one thing to downtown Nashua we are all happy to celebrate: Nashua Chocolate Stroll. For those not in the know, it’s an event where shoppers can indulge in complimentary chocolate treats from noon until 5 P.M. It’s an opportunity for shops in the area to show off all they have to offer. Our coin store was no exception. We had a great time this year!

During the day, we provided raffles for our customers. A couple of thrilled winners got prizes they’re sure to enjoy for as long as they have them. Plenty of customers visited our shop. We were busy all day and could barely stand still. Not that we want to, of course. We always encourage people to visit our coin store whether it’s a busy day or a day when we could use some customer interaction.

As the day went on, we received positive feedback from customers and neighboring businesses alike. That was one of the best parts. For us, connecting with those around us remains critical. We always wish to make an impact on those who want to visit Nashua Coins and Collectibles or build their coin collection. Whether they were looking for new coins or wanted to find a fascinating antique, there’s no doubt that customers were happy during the Chocolate Stroll.

Looking Toward The Future

2018 marked the third year the Nashua Chocolate Stroll occurred. We are looking forward to all of the opportunities future strolls can provide for our business and city. We only hope to grow and expand our customer base as we continue to deliver quality products that people return to time and time again. It’s nice to have a laid-back, connective event during a time of the year that could use a little bit of cheer and warmth.

Whether you just visited us during 2018’s stroll or are a regular, we’re happy to help you find coins and antiques you’ll love. Our coin store’s selection is second-to-none. We encourage hobbyists and casual collectors alike to come to our business and learn more about us. If you have any questions about what we have in stock or what we could provide you, please give us a call at (855)-287-2216. See what we can do for you today.

The Champagne Brothers’ Vintage Violin

Quite some time ago we purchased a vintage, handmade violin made by the Champagne brothers of Worcester, Mass in the early 1940’s. The Champagne brothers, twins, who built violins by hand. Laurie went online trying to research the family and located a grandson in Chelmsford. It turns out he had been searching for one of his grandfather’s violins for years to no avail. There was only one surviving instrument in his family that one of his aunts had inherited.

 

antique collection

 

To add to it all, his young son had just recently taken up the violin in school, also. Mr. Champagne became excited about the find and wanted to see it. He came into our store. When he saw the instrument in our antique collection, he couldn’t believe his good fortune.

We made sure to lovingly care for the violin and kept it in pristine condition also. There was a case as nd it included an extra bow with replacement strings. Just a beautiful piece. We sold him the violin for less than half of the real value because the story deserved a reward.

We have been able to restore the instrument to the family for them to share this piece of family history for generations to come. As soon as Jeff Champagne returned home, he sent us a picture of he and his children with the violin. There smiles all around. A real feel-good tale for all of us at Nashua Coins and Collectibles!

 

This is the review we got praising our antique collection from every possible site after this happened!

Nashua Coins and Collectibles made my year! I know most people would say made my day but this goes way beyond that. I got a surprise note from Laurie telling me that she had received a precious family heirloom, a violin made by my grandfather and his brother in 1953. I had been seeking an instrument made by them for as long as I had known that they had made violins and this was a complete shock because honestly, I didn’t think it was possible, given they probably only made a dozen in total. I was blown away!

Laurie sent me pictures of this priceless treasure, #8 of a dozen or so instrument created from scratch by these master craftsmen. It was in mint condition and looked like it had never been played. It had been in a case in a closet and was probably unused for decades.

Our Mission

She told me that she wanted to get it back to it’s rightful owner, that was her only motivation. I feel so blessed to have been given the opportunity by Laurie and will be forever grateful for her reaching out to me and selling me this treasure at a fraction of it’s value.

She gives me hope in humanity. Thank you, Laurie Hayes Galbo, for being part of what I consider a miracle. And also for letting me learn about this noble craft, something my grandfather dedicated himself to.

I have had the violin fully restored, and it plays like a dream. It is my most prized possession. As a result of this occurrence, I have learned so much more about my grandfather Floyde and his twin brother, Benjamin, who made these amazing instruments while Benjamin was hospitalized in Plymouth County Hospital in MA, for TB. He passed away within months of completing this instrument.

The Search

I received a copy of St. Thomas’s Summa Theological from my aunt, who is the one who introduced me to the revelation that somewhere out there there are violins that my gf and brother created. This book was given to my grandfather by Benjamin’s widow when Ben passed away in 1953. She had the only other known violin, #11. She also sent me articles from the Plymouth County Hospital Newspaper and Worcester Telegram and Gazette from 1964 about the violin shop my gf ran out of his basement on Gate St in Worcester.

These two fine craftsmen had a love and passion in pursuing excellence in this noble craft that leaps out of their letters and newspaper articles, speaking to me from the past. These documents that are found after being reunited with this instrument have given me a glimpse into the struggles and triumphs of relatives that I never had the pleasure of meeting in person, but I am so familiar with the fruits of their lives, my family.

Another happy customer!

I feel like I know them and have seen into their kind and creative souls. It means so much being able to learn to play violin on an instrument made by them. My children now have the chance to grow up knowing more about their family’s history and the people that laid the foundation for our lives today.

Thank you, Laurie and team, for making my year!

 

Hobo Nickels

American coins

What is a Hobo Nickel?

For those of you uninitiated, the hobo nickel became popular during The Depression when homeless people or “Hobo’s” would carve the Indian face on the nickel and create many different faces on American coins by hand.  Often, they traded their artworks for a meal or other necessaries in their travels. These nickels are highly collectible. Some well-known Hobo artist creations garner huge prices during an auction. A single original hobo nickel went for a record price of $24,200 Jan. 12 during the Original Hobo Nickel Society’s 21st annual auction at the FUN show in Florida. 

The record lot, once part of the Bill Fivaz Collection, surfaced in the late 1930s by hobo George Washington “Bo” Hughes. “Bo” was one of the most prolific and talented carvers of nickels. To this day, many actively seek his works.  The record price was for the great two-sided “dicer” hobo nickel. More than 50 classics, nicknamed and modern carvers were present in the sale.

 

History

The altering of coins dates back to the 18th century and earlier. Altering hit its peak in the 1850’s. The most common alteration was the “potty coin,” engraved on US seated liberty coins from half cents to dollars. Also popularized during this period were “Love Token” primarily on silver coins. These usually contained engraved initials. However, these typically came to be by smoothing one surface of the coin and using engravers tools to produce more stylized artistic pieces for jewelry pendants and bracelets.

With the advent of the Buffalo nickel in 1913, the large thick profile of the Indian gave artists a larger template to work on. It became popular quickly.

Another attribution for the medium is that the name “Hobo Nickel” came from the city of Hoboken New Jersey just after World War I. This is due to the fact that there was a widespread practice of off-duty soldiers carving nickels with military likenesses. These were tributes to returning veterans.  Regardless of the source, many seek these American coins today.

“I was able to purchase a couple of these for Laurie in Manchester.  I believe the military one is from the 1903’s where the “Sleepy Head” coin is probably sometime later. Laurie love’s them, so that’s all that is important.” Gary was able to show me the display that Laurie set up at Nashua Coins & Collectibles showing off her Hobo Nickel collection. Laurie feels that this is one of the items that bring many aspects of their business together. That makes her loves these American coins even more! For more information about hobo nickels or what we have to offer, visit Nashua Coins & Collectibles or give us a call at (855)-287-2218! 

You Can Now Get Antiques For The Holidays

coin store

coin storeWhile it isn’t even December yet, plenty of people like to plan and buy items for the holiday season. Whether it’s splurging on themselves or something for loved ones, plenty of shoppers can find something to enjoy at our coin store that doubles as an antique haven!

We’re not the only people who appreciate our efforts, either. On October 25th, we received the distinct honor of earning the Best Collectibles amongst other nominees in the Best of Greater Nashua 2017 campaign. It was our third consecutive win! It’s all thanks to our customers who voted for us!

Nashua Coins is proud to own this award. It is a reminder that we go beyond what you’d expect from a coin store and are a truly unique business. While you get coins appraised, you can do some holiday shopping and find utterly unique antiques and vintage jewelry. These items will make gift giving an exceptional experience. You just cannot see what we offer anywhere else.

The holidays will be here before we all know it. We think our vast selection of collectibles is something to consider while you shop around and try to find the perfect gift(s) for your loved ones. We can’t promise you’ll find the hottest item on the market. Still, you will find something that sets your gifts apart from the rest of the pack!

Owning a business is not easy work. Not only do you need to do what you offer well, but you also have to be unique enough to make an impact. Our antique selection sets us apart as a coin store in the industry. We encourage you to visit us and see why we earned Best Collectibles for three years in a row! For more information about our selection and our store in general, give us a call at (603)-718-1018. See what we can do for you today!

 

Why This Coin Store Supports The Performing Arts Center

If you’ve shopped at Nashua Coins & Collectibles before, you can plainly see and understand what we do. Coins and antiques are our passion. We love sharing them with our customers. However, we have beliefs and passions outside of the coin store or business aspects of our lives. For example, we are passionate about our city and want to see Nashua thrive. We believe it’s a great place to live, work, and shop as it is. Now, there’s something that could make it even better.

Nashua Coins & Collectibles is in favor of the Performing Arts Center coming to Downtown Nashua. It could bring job opportunities, an appreciation for the arts, and talent to our city. Plus, it could bring even more customers to our coin store! It’s a win-win for both passionate artists and business owners. Artists get to have a center to express themselves, and companies earn more capital. They also could expand their hours.  We think Laurie put it best:

“Bringing a Performing Arts Center to the heart of Downtown Nashua could be one of the best things the City of Nashua does for the community. It would allow people to come together for one purpose, to spend a few hours together in harmony, without any boundaries.” – Laurie Galbo

Though we own business focused on coins and antiques, we still love supporting other businesses and our city. We believe anyone who wants to see Nashua thrive should, too. Though the initial vote to move the performing arts center was unsuccessful, there is another chance to make it happen on November 7th. You can read more about that here.

The arts are an exciting, beautiful form of self-expression, and Nashua Coins & Collectibles believes it would be a shame to deny artists their space. We urge you to learn more about the center and make an educated choice on November 7th. Of course, in the meantime, you can come to our coin store and talk about it with us or find your next favorite coin or collectible! We’re happy to share our knowledge with customers and engage with them.

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