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Michigan

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Everything posted by Michigan

  1. http://toledoblade.com/apps/pbcs.dll/artic...NGNEWS/50713027 Who knows what is in those records? This could get ugly.
  2. http://www.wtol.com/Global/story.asp?S=3577289
  3. There are a lot of neat notes with trains on them with obsolete US notes from the pre civil war era. Another neat one is a Chinese note from around the 1930's. These are common and has a nice vignette of a steam engine.
  4. From the newsgroup rec.collecting.coins: Coin dealer gets a call from a customer asking if he was interested in buying national bank notes. Guy brings in 19 Unc. nationals but...... they had all been laminated in plastic by the guys father 40 years ago. Trying to seperate the notes from the plastic was impossible. Notes are ruined. The guy just about crys when told what they would have been worth unlaminated. They were common notes from a bank in Minneapolis but in unc. condition should have been worth at least $200-$300 each. $5000-$6000 down the drain. At least one poster held out hope that maybe some of the plastic gunk could be removed from the notes but I wouldn't hold out much hope for them having any collector value. Sad story.
  5. I have some political satire notes from the 1972 election with Nixon, McGovern and George Wallace. also an older one from I think the 1880s. General Butler who was called "Beast Butler" for his treatment of the citizens of New Orleans during the Union occupation during the civil war is on the note. He might have been running on a minor party ballot or as a candidate for the Republican or Democratic nomination. I haven't researched it enough yet to be sure.
  6. Ebay is the king of the online auction world but that doesn't mean that they always will be. They have to be careful that they don't get complacent like IBM when they dominated their market but then found themselves left behind when they didn't adapt to changing trends fast enough. That said, I think Ebay will remain on top for quite awhile. One thing working in their favor is that there is only a limited number of people worldwide that are even going to be interested in buying or selling in online auctions. Ebay has so dominated that a serious rival would have to be able to lure away a lot of sellers who already have a very well established client base on ebay and a huge number of feedbacks. Many Ebay sellers do dabble in other auction sites but don't put a huge effort into it because of a lack of bidders.
  7. If you charged the customer for full price for the coin but the dealer picked up the tax wouldn't that be OK? Either way the state is getting the tax money but instead of it coming from the customer it is coming from the dealer.
  8. Higher grade circulated, my favorite grade is VF. Coins in that grade usually show enough detail to be a nice looking coin but are not terribly expensive. Sometimes you have to make some adjustments. Buffalo nickels are a good example. The jump in value between Fine and Very Fine is huge on a number of dates. Lower grade (good, very good) for many series just look worn out and unattractive. Unc. coins and slabbing have their place but for me the ever shifting grading standards and game playing that goes on in that area just does not appeal to me. I have one slab, a 1938-D Buffalo nickel a PCGS MS64 in one of the older slabs. I think I paid around $30 for it a decade or more ago. I wonder what it is worth now? I bought it just to say I owned one slab I guess.
  9. What I meant was the dealer pays the tax and doesn't charge the buyer for it. I wouldn't expect that to happen on a regular basis but if a dealer has a special customer they want to keep happy they might give the buyer a break.
  10. Yes indeed, as of July 1. I suppose the dealer could absorb the tax themselves but it has to be paid one way or the other.
  11. The good old days for me - buying an Unc. $10 1864 note for just $6.00 back around 1981. Those days are long gone. Figure on paying around $35 for that note these days. Less than 10 years ago I bought a nice hoard of misc. Confederate for what would be a bargain price these days. Now most of the old hoards have dried up.
  12. It really came as no surprise, the only way it was not going to happen would have been a line item veto from Gov. Taft but that was not in the cards at all. How that will affect the future of coin shows in Ohio is uncertain. Out of state dealers are not going to be happy dealing with that paper work. But beginning today, smokers will pay 70 cents more per pack of cigarettes, shoppers will continue to pay half of the penny-on-the-dollar sales tax surcharge that was supposed to expire today, and coin dealers will lose their sales tax exemption.
  13. http://toledoblade.com/apps/pbcs.dll/artic...EWS24/506240438
  14. I have looked in all the obvious places and so now I'm going to have to get more creative. I did find five unc. 1864 $2 Confederate notes I bought at an auction years ago in a white envelope.
  15. Mine was an 1851-O silver three cent piece many years ago (1960s). I showed it to my grandfather, and somebody (me, maybe him or someone else) set it down somewhere and nobody could remember where. Looked all over but it was simply gone. The coin is of course very small which probably factored into it missing so easily. It was not in a holder of any kind, just "raw". I am also missing several civil war era Missouri banknotes. I am positive they are around my computer desk somewhere but the whole thing is such a mess in there I don't know how or when I will make another attempt to find them. Been missing about a year now.
  16. It could very well come to the feds regulating the grading services. Since the Ohio coin fund was using the grading services as part of their investment strategy they could find themselves being labeled as an "unregulated" investment vehicle and come under some kind of govt. oversight. If the political donations from Noe were coming out of money from the coin fund then things could become very ugly for the coin business in general especially since coins have been touted as an "investment" for quite some time now. Angry politicians being charged with accepting illegal donations from an investment fund that was investing money in an unregulated business....... it is not a pretty sight and I would not be surprised to see legislation introduced in congress to crack down on how the grading services do business and dealers in general who tout coins as an investment. This might play itself out over the next couple of years.
  17. Could be. Maybe they had second thoughts or if a dealer bought it for a client they might have rejected it for the price or some other reason.
  18. Coin and currency dealer Art Kagin is seriously ill with acute lymphocytic leukemia. Very bad stuff.
  19. http://www.newsandsentinel.com/news/story/...bbery062205.asp
  20. Comes as no big surprise considering all that has been going down in Ohio lately. http://toledoblade.com/apps/pbcs.dll/artic...EWS24/506220345
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