Michigan

http://toledoblade.com/apps/pbcs.dll/artic...NGNEWS/50713027

Who knows what is in those records? This could get ugly.

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.

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.

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.

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.

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.

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.

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.

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.

http://www.macon.com/mld/macon/news/opinion/12016511.htm

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.

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.

No doubt about it, my entire Saturday would be spent cleaning up around, near, under, between and any other area until those Missouri banknotes were found! I would even consider doing a lower GI scope on the cat if I thought it would help find them.

Yikes! 

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.

I'd be upset if I lost just ONE of those items.  Ugh.

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.

Oh my gawd! And so the backlash begins.

 

Where does it end? Federal inspectors regulating third party grading services? Complete Federal reporting of all coin transactions done at your local coin dealer and bourse floors? State registration and credentialing of numismatic dealers?

 

I know so far it is only at the state level, and in only one state, but it is directly tied to a federal campaign, and a large federal campaign rainmaker. The Feds are just waiting and watching till they crash the party.

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.

I've been watching this #1 PCGS CC set for what seems like ages. Just window shopping. Noticed it closed on the 19th with the BIN. Today I noticed it's listed again by Caspercoins. Think someone got cold feet?

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewI...8312033151&rd=1

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.

Coin and currency dealer Art Kagin is seriously ill with acute lymphocytic

leukemia. Very bad stuff.

http://www.newsandsentinel.com/news/story/...bbery062205.asp

Comes as no big surprise considering all that has been going down in

Ohio lately.

http://toledoblade.com/apps/pbcs.dll/artic...EWS24/506220345