June 23, 2024 • 53 mins
Join Mike and Matt for another awesome episode of The Coin Show Podcast, where they delve into the fascinating world of coins and currency. In this exciting installment, they cover a variety of engaging topics:
News in Numismatics: Stay up to date with the latest happenings in the coin collecting universe. Mike and Matt explore recent developments, news you should know, and noteworthy trends.
New Content: Mike and Matt talk about some new segments coming to the show.
Our Coolest Thing: The fellas do battle over which of them had the coolest thing come into their shops. Who brought it this episode? Give it a listen to find out.
Support The Show: https://www.patreon.com/thecoinshow
News in Numismatics: Stay up to date with the latest happenings in the coin collecting universe. Mike and Matt explore recent developments, news you should know, and noteworthy trends.
New Content: Mike and Matt talk about some new segments coming to the show.
Our Coolest Thing: The fellas do battle over which of them had the coolest thing come into their shops. Who brought it this episode? Give it a listen to find out.
Support The Show: https://www.patreon.com/thecoinshow
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:02):
This is the Coin Show.
Speaker 2 (00:04):
Podcast, a podcast about coins and coin collecting from the
perspective of both dealers and collectors, hosted by two guys
with a passion for collecting and a combined experience of
over fifty years in the coin industry. Here's Matt Dinger
and Mike Noteleman on the Coin Show Podcast.
Speaker 3 (00:27):
And we are back. We are alive.
Speaker 1 (00:29):
This this episode two thirty six of the Coin Show Podcast. Hello,
fellow coin nerds, Oh, fellow coin nerds. Welcome to episode
two thirty six of the Coin Show Podcast. I'm Mike
and I'm Man and bring a little old school.
Speaker 3 (00:45):
And a little new school. Tonight.
Speaker 1 (00:46):
We are going to be doing some new stuff and
some old stuff. We are going to talk a little
bit about some of the some of the tweaks that
we want to make to the show. Yeah, go forward,
and we're also going to do our coolest thing.
Speaker 3 (01:04):
Yeah huh. Anyway, before we jump to that, how about
your break? And we had our traditional summer break. We're over,
we're back. Did you do anything fun over break? I did?
Speaker 1 (01:17):
I well, I mean for me, it was more relaxing
than anything else, trying to just unplug and get ready
because you know the ANA is coming up in a
couple of weeks. You know, there's there's a lot of
stuff going on right now. We've got one guy out
of the shop at the an a Summer seminar, and
then it's gonna be somebody else on vacation, and then
(01:37):
it's gonna be Ana, it's gonna be well Tinley.
Speaker 3 (01:40):
And all these other shows.
Speaker 1 (01:41):
So it's like it's kind of uh, we're real busy,
a lot of business and it's been kind of cool.
Speaker 3 (01:48):
It's been nice. Yeah. So I'm heard at the time
of vacations and we we had our little vacation. We
are back. I'm ready to rock tonight. Hey our little
three break.
Speaker 1 (01:56):
Yes, it was uh, it was kind of necessary, it
was it was just some we needed to get done.
Speaker 3 (02:01):
Yeah, all right, so now you're ready, I'm ready.
Speaker 1 (02:05):
Yeah, Okay, So all of that tonight and we are
going to take your questions live in the chat. But first,
as always, the news.
Speaker 3 (02:29):
The news is brought to us. Buy socks.
Speaker 1 (02:32):
Think of what your shoes would smell like if you
didn't have socks.
Speaker 3 (02:41):
Ah, that's rough.
Speaker 1 (02:43):
So the United States meant has at least published that
they are going to they're going to at least Proof
Morgan and Peace dollars for twenty twenty four, and they're
going to offer them at the New Tampa Show. I
think it's what August, September, September. Yeah, but they're gonna
(03:04):
be they're gonna be done, They're going to be you know,
minted by then, so at least we know, you know,
it's like with these coins, it's always a crapshoot. Are
they gonna make them? Are they not gonna make them?
Speaker 3 (03:15):
Well, you know, you skip a year, you kind of
leave people with a bad taste in their mouth, kind
of like those Proof Silver Eagles. They skipped that one year,
remember that.
Speaker 1 (03:23):
Yeah, two thousand and nine.
Speaker 3 (03:25):
Yeah, yeah, kind of our people a little bit. So
it kind of makes them wonder when the next time
they're gonna skip them in.
Speaker 1 (03:30):
Well, I mean they came out with so many of
them again last year.
Speaker 3 (03:33):
Yeah. I don't I don't understand it. I don't get it.
But uh yeah, do they do they say what the
issue price is yet let's see. No, I don't see it.
Speaker 1 (03:45):
I don't think they're committing to that because god knows,
you know, they're what do they charge you? One hundred
and twenty bucks last year or something like that.
Speaker 3 (03:52):
Some goofy yeah, some goofy like that. It might might
have been. It might be right. I think the first
ones they came out with were like those we're ninety yeah,
ninety bucks.
Speaker 1 (04:02):
Right, and I think last year they were a bucket,
a quarter yeah, somewhere right in there. So it's like, hey,
you know, the price of silver's up, so.
Speaker 3 (04:12):
Plus or minus one hundred and fifty, what do you think? Yeah?
Speaker 1 (04:15):
I would probably go, well, I'm starting to favor the over.
Speaker 3 (04:20):
Yeah, yeah, I think you're probably right. I hoperee.
Speaker 1 (04:25):
So the United States Silver Proof set is also going
to now be available June twenty seven. Now, you know,
I think that they may be taking a very interesting
strategy at the US men, just continuing to beat this
horse until they can just say, look, let's shoot it.
Speaker 3 (04:47):
But what is shooting it? I mean, what is that?
What is that entailed? Just completely?
Speaker 1 (04:51):
I think if they get the demand forum down under
one hundred thousand sets, they're not going to make him anymore.
Speaker 3 (04:57):
But what is that the point? I mean, what is
the point?
Speaker 1 (05:01):
Look, silver realized that Silver's thirty bucks twenty nine bucks
an ounce?
Speaker 3 (05:05):
Did they realize that it was a mistake to switch
everything over to peer planchets. Is that what it is?
Speaker 1 (05:09):
Or oh, actually that that's actually saving them money. No,
the problem with it is that is that they're greedy,
you know, the the the Okay, so the government they're
just all making them in in pure silver. There is
literally forty two dollars worth of silver in a silver
Proussett correct, Okay.
Speaker 3 (05:28):
Forty two bucks. They're charging one hundred and fifteen. There
are one and thirty this year, by the way, thirty
even worse. Why but that doesn't seem to me like
they would want to not make that. That seems like
they would want to sell quite a few more of those.
That would be where I would be coming from a
business standpoint.
Speaker 1 (05:47):
Okay, So let's think about this from a standpoint of
if you're trying to make a you know, the most profit, right,
you try and find a price point where the sales
will be strong and you know the profit is high. Yes,
I think they've forgotten about one of those.
Speaker 3 (06:11):
Well that's kind of my point. Okay, Okay, I'm picking
up what you're putting down. I got you.
Speaker 1 (06:16):
Yeah, So that's that's just you know, that's greed.
Speaker 3 (06:21):
That's bad. Yeah.
Speaker 1 (06:23):
In other new coin news, the doctor Mary Edwards Walker
quarter is out. Now do you know who doctor Mary
Edwards Walker was?
Speaker 3 (06:32):
Well, I do not, but I can tell from the
coin itself that it looks like she received the Medal
of Honor. So I'm guessing that she was the first
woman to receive the Medal of Honor.
Speaker 1 (06:40):
I think she's the only woman to receive the Medal
of Honor. So she's a civilian that received the Medal
of Honor before it really became a largely military honor.
It was it was running in the Civil War. She
was a Civil War field surgeon, Okay, And so I
mean literally she deserved the medal. There had no question
about it. But it was when they first started giving
(07:02):
him out and then they started saying, well, maybe this
is more of a military honor, and and you know,
since then it has become a little bit different award still. Yeah,
so yeah, she ended up with her own coin. That's
kind of cool. I think these ones just came out.
Speaker 3 (07:18):
These were issued. So the story is June seventeenth, and
it says that they released them today, So they released
them on June seventeenth.
Speaker 1 (07:28):
Yeah, so they've been out less than a week, and
I will tell you I already have them in my shop.
Speaker 3 (07:36):
Wow, look at you. Yeah, fancy fella.
Speaker 1 (07:39):
Well you know you know me in modern stuff, Yes, yes,
I do. Is why we have them is because I
like them. That's all that matters. Well, you know, turned
me listen to a credit card. So the one of
the semi Quinn Centennial coins will be the Native American
(08:00):
dollar coin. And this is going to be the design
for the reverse. George Washington and Polly Cooper I.
Speaker 3 (08:10):
Kind of like it. She's like, hey, what's up? You
want some corn? And George Washington's like, hello, miss, it's
cold out here. Let's see what I'm thinking right now.
It's but it is.
Speaker 1 (08:20):
It's an interesting uh, it's an interesting dichotomy.
Speaker 3 (08:25):
And he's like, yes, I'll take your corn and your land. Yes,
and everything else and everything else you have. Yeah, pretty
much pretty much.
Speaker 1 (08:33):
Let's story of America. And in this story, if you
if you pan down a little bit, it has some
other designs.
Speaker 3 (08:39):
I think that it didn't make it.
Speaker 1 (08:42):
Yeah, So I always like seeing the line drawings for
this stuff.
Speaker 3 (08:46):
I think it's interesting. I mean, and they have those
Disney Disney like ones again down to the bottom left
if you see them. I surely hope that design style
doesn't make it on any of her coinage. Oh yeah,
it's exactly what I was just thinking. Yeah, that's a
Laddin but Pocahontas. Yeah, you know.
Speaker 1 (09:06):
The Perth Mint is celebrating the one hundred and twenty
fifth anniversary with a twenty twenty four gold proof sovereign.
Now the thing that really kind of got me is
look at the design on this, because this is a
different design for Saint George, and I wonder if this
is a purely Australian thing.
Speaker 3 (09:25):
Good I might. My name's Pull. I'm going to find
the coin let me scroll through here. Well, that is it,
right there, it is. There's that making there we go,
So let's pause. Pause. Okay, so they have so they
have Saint George, uh, facing off with a very menacing
looking dragon. Actually in Saint George is butt naked.
Speaker 1 (09:50):
Well isn't that how they did it back then? I mean,
the dragon's not wearing any clothes either, that's true. It's
the horse, that's true.
Speaker 3 (09:57):
But he is ripped. He's been doing some setups. Yeah, yeah,
I mean it's an interesting variant of that particular design,
I can like it.
Speaker 1 (10:06):
Well, it's like, you know, the Saint George and the
dragon portrait that son Sovereign's has been like that for
hundreds of years.
Speaker 3 (10:14):
Yeah, So to.
Speaker 1 (10:15):
See something different and particularly something that looks kind of modern,
I thought was neat.
Speaker 3 (10:19):
Yeah, yeah, okay, I can get down with that. I
can get down with that one.
Speaker 1 (10:25):
So a national banknote from the Oklahoma Territory is going
to be in Staxpawers showcase auction. But the interesting part
of it is serial number one.
Speaker 3 (10:33):
Bill Fancy Schmancy hacky.
Speaker 1 (10:37):
Yeah, this is a really cool looking note.
Speaker 3 (10:40):
I wish I could a bigger picture of it. That's it.
That's all we got. That's all you got. Well they're
gonna give me. That's technology nowadays.
Speaker 1 (10:48):
But it's got the charter number on the back, YEP,
and serial number one.
Speaker 3 (10:56):
But yeah, territorials are tough because obviously the banking system
wasn't a big concern of the territories at the time.
Speaker 1 (11:04):
So yeah, Oklahoma was a territory well into the nineteen hundreds.
Speaker 3 (11:09):
So so very very interesting.
Speaker 1 (11:13):
The American Numismatic Association Awards this year are going to
honor some distinguished numismatists one of them. If you will
look at the pictures, a friend of the Coin Show.
Speaker 3 (11:25):
I know that guy.
Speaker 1 (11:26):
Yeah, I know that guy too, Dennis Tucker as well
as you.
Speaker 3 (11:32):
Ready it I can read Steve Roach.
Speaker 1 (11:33):
I'm sorry, No, it's just it's really hard to read
from where I'm at. Steve Steve Roach, you know, former
coin World editor in chief. So a lot of literary
people on this are going to receive the Medal of merit.
Speaker 3 (11:47):
Very very cool. And then the Edna G. Wild Memorial Award, yes,
went to Carol Basketball, Virginia Bork, and Mitch Sanders. And
what do they award that for. Let's see for Exemplary
Service honors A and A members who have demonstrated years
of enthusiastic service in volunteering, time, expertise resources that contributed
(12:10):
to the A and a's growth and success and have
furthered the A n A and the the association's education mission.
There you go.
Speaker 1 (12:19):
Awesome, good job, very very well deserved, and we're proud
of every single one of these people. He The CCAC
has added some new members. No, this is Jeane Stevens
Sullivan and she is actually coming back to the CCAC.
(12:42):
She is going to be replacing our friend of the
coin show, Dennis Tucker.
Speaker 3 (12:48):
I like it. Dennis is retired. You know, he's gotta
be sitting on a beach drinking it. He like fifteen
jobs for a couple of years, and so now, you know,
spend some time with the tiny boss lady. Do what
you want, dude, that's right. Yeah.
Speaker 1 (13:06):
So this is a shot from coins that are upcoming
at the World's Fair Money. I really just pulled this
story because it's like, look, we are going to be there.
Speaker 3 (13:16):
Yep.
Speaker 1 (13:17):
I don't know how many of you guys are going
to be there. It's going to be a lot of fun.
Speaker 3 (13:23):
It is going to be a great time. If you
can make it, I highly recommend it. If you can't
make it this year, try to make it next year.
This is the center of the coin Nerd universe for
a weekend in the summer. It is. It is a
heck of a time. You should go. I'm a table
fifteen hundred by the way, if anybody wants to come
(13:44):
see me, table fifteen hundred.
Speaker 1 (13:45):
I mean, there's coin buying and selling activities all day long,
and there's fraternizing and friend banking activities all night long.
Speaker 3 (13:55):
Yep. Networking is key and there's a lot of so
much fun.
Speaker 1 (13:58):
You meet so many people, and so many other people
are just really cool.
Speaker 3 (14:03):
Yes, yep, looks like there's some great stuff coming up
in the auction. The Final Stone seventeen ninety four Flowing
Hair or this coin was insured for fifteen million bucks
going into a private collection after what it's a seventeen
ninety four ninety four Yeah, yeah, not that many of those.
Another nice ancient coin underneath it. Yeah, I want to
(14:25):
leave that these coming from the Tyrant collection, I think so. Yeah, yeah,
very cool. And then what is this?
Speaker 1 (14:32):
This is It looks like a patterned set, like the
King of Siam set.
Speaker 3 (14:37):
It is let's a complete sixteen coin eighteen sixty eight
aluminum dye trial proof SETO. And there's also a complete
six coin copper and silverproof set of the eighteen eighty
two Liberty headshield ear ring patterns twenty one dollar denominations. Wow,
that's cool, very cool. Yeah, that'd be okay to own. Yeah,
(15:03):
and it says let's see underneath here says the unique
Experimental Finish nineteen ten Saint Goden Double Eagle and a
satin finish nineteen twenty one, Saint Goden's Double Eagle will
be displayed together for only the second time. They're on
loan by Brian Hendelson of Classic Coin Company. So it
looks like they're talking about already some of the stuff
that's going to be on exhibit as well at the show.
(15:25):
That's cool. If you guys get there, If you guys
can get there, you should get there. Agreed.
Speaker 1 (15:32):
Well, okay, over a million dollars in bitcoins physical cryptocurrency.
I still can't get.
Speaker 3 (15:41):
My head around this.
Speaker 1 (15:42):
It just doesn't make sense to me to have a
physical cryptocurrency.
Speaker 3 (15:46):
Well, I mean, so these were done years ago, like
I think around Oh yeah, says on the slab chair,
twenty twelve, twenty thirteen. This was this was the thing
that went on for a little while during that period
where baasically you could have one of these and actually
have it off of the Internet. You didn't have to
have it saved on a on a.
Speaker 1 (16:08):
Jumping ideas inside of it and it's it is a
physical bit.
Speaker 3 (16:14):
But yeah, it was basically a way to put one the.
Speaker 1 (16:17):
Whole purpose, doesn't it.
Speaker 3 (16:18):
Well, I mean not necessarily, but yes, I understand where
you're coming from. Yeah, so you don't get that I
owned one of these ones, so I mean I think
they're cool.
Speaker 1 (16:30):
Yeah, but I just it's like, I don't get it.
Speaker 3 (16:35):
I mean, there are I guess there are people that
are actually collecting the physical bitcoins as a collectible and
not necessarily worrying about the the value of the bitcoin.
I mean, I'm sure that goes into it, takes it
into account, but who knows. Go ahead, shot put it
(16:56):
exactly what was in my mind, and that as people
will connect anything that is exactly what I was thinking.
That's true.
Speaker 1 (17:03):
I want a quick instant poll in the uh, in
the in the chat, what do you guys think it's like?
Is a physical bitcoin a stupid idea or is it
just something that that I'm.
Speaker 3 (17:15):
Too stupid to understand? Oh?
Speaker 1 (17:18):
So there you So Mike is stupid or the physical
bitcoin is stupid?
Speaker 3 (17:24):
Well, considering I haven't seen any of these made in
a while, like I don't see coming out.
Speaker 1 (17:29):
Poor Kal knows does. Yes, that's that's true.
Speaker 3 (17:32):
Yeah, so I think maybe just maybe it was that
idea that it wasn't the thing that worked, the stupid idea.
So okay, very very interesting, yes.
Speaker 1 (17:46):
And uh, as always, we have a little kicker story
from from Jack. He was really really you know, talking
about this a lot on Facebook.
Speaker 3 (17:56):
This week, and uh, this is.
Speaker 1 (18:00):
I'm not entirely sure what it was about this coin
that drove him so hard.
Speaker 3 (18:08):
I don't know. I mean, I don't know.
Speaker 1 (18:11):
I just got a huge cut on it.
Speaker 3 (18:14):
Well, I think what drove him so hard is that
he found another one, which he shows down here that
Winston Zach had actually documented at some point who is
a who is a counterfeit researcher, temporary counterfeit researcher. So
this is something apparently that was known in the industry,
(18:35):
or at least in that little corner of the industry
to be a thing. Uh. And then all of a
sudden one turns up in an annex holder as being
certified as genuine. So she's got a good look for annex.
But hey, look, you know it can all they all
make mistakes. I just got a coin back this week
that I sent to PCJSS and they outright called it counterfeit.
(18:58):
And I sent it to SEA and they graded an
x F forty.
Speaker 1 (19:01):
So so there is a there's a termine Yiddish called
klutzba uzba. Yeah right, And and klutzba is like just
unbridled arrogance, right.
Speaker 3 (19:15):
And.
Speaker 1 (19:16):
I think it takes a certain amount of that to
make a counterfeit with a giant error on it.
Speaker 3 (19:22):
Well, I'm not sure that they intended it for it
to have this giant die break on the back. If
I can get a big picture, I think that might
have been where their counterfeit die actually failed.
Speaker 1 (19:36):
Like, I don't think that they would continued to strike them.
Speaker 3 (19:40):
That was kind of the point. Yeah, I mean maybe
they they didn't notice it for a little bit, or
they just didn't care. Well, that's what I'm saying. I
would guess probably the second well, again, could be a
little of bold. And I'm sure there are others out
there that were struck before this die broke. You know
that exists. You can probably find one. It seems like
(20:00):
they're somewhat prolific. If there's two here. Yeah, so there
you go.
Speaker 1 (20:07):
Yeah, Sean Davis says, there's that Chinese websites sound like
spurious Buffalo Nichols for a dollar ninety five each yep. Basically,
Commo date circulated coin says twice a price of a
real one yep.
Speaker 3 (20:16):
Yeah, that's funny. And this is a contemporary coin though,
So this one was made they think during the period.
It's not a modern Chinese coin. It is an old
time fake which was meant to just like anything somebody
counterfeit today, was meant to circulate in the time period.
Speaker 1 (20:32):
So it was a contemporary counterfeit, and it was eight
of such a low denomination that it was easy to pass.
Speaker 3 (20:39):
Yeah. Yeah, So then they see oh down a little further,
they talk about the retained could and they show it
in a Braided Die Varieties book. So, and then the
last thing it says here is so an apparent known
counterfeit buffalo. The conversation quickly shifted to it I was genuine, Okay,
(21:03):
so it looks like they did authenticate it and it's
just another one that sold a heritage When is this Yeah, yeah, okay,
huh yeah.
Speaker 1 (21:14):
This one's made the round.
Speaker 3 (21:16):
Yeah weird. There's a lot of research there. Yeah. This
guy goes hard. Jack goes real hard.
Speaker 1 (21:22):
Oh you definitely don't want him coming coming.
Speaker 3 (21:25):
For air coin. Well, no, that's fine, Yeah, I don't
have anything to worry about. But man, some of these
guys are yeah, pretty crazy. So let me go back
up here. I wish I could blow this picture U
because I don't have this book. But oh they do
label it as a counterfeit in the book too. Okay,
so interesting, very interesting counterfeit before. Yeah, just I just
(21:47):
like that kind of like that quarter yeah one counterfeit before. Yeah,
that book was published in two thousand and six, so
it's that seems to be the earliest reference that I've
seen so far on it. Yeah, I was gonna say that,
that's completely newer to me. All right, Well, cool, that's awesome.
Speaker 1 (22:08):
And finally, in the news, the Anti Counterfeiting Educational Foundation
has launched a Trusted Experts directory.
Speaker 3 (22:16):
That's all this.
Speaker 1 (22:18):
I think this is actually a really cool idea and
I absolutely would love to have my coin shop included
on it. I think it's a really you know, it's
it's kind of like a I guess, a modern day
version of the PNG, you know, I don't know.
Speaker 3 (22:36):
I think we filled out something for this a while ago.
I don't I don't know, we're there.
Speaker 1 (22:40):
Well, I mean, I think from a standpoint of the
PNG was supposed to be, you know, somebody that you
could go to mediate problems with dealers, member dealers and
stuff like that, and a lot of dealers just aren't
members of the PNG anymore, right, So you know, I
mean that just kind of it eliminated it. So this,
you know, is more of a white list rather than
a black list, and you know, you can get on this.
(23:02):
I think that that because these are people that do
their homework.
Speaker 3 (23:06):
Well, but I mean, how do they how do they
vet these people or is it just like here fell
out a farm and you can be on our trusted experts.
Speaker 1 (23:12):
Well, I don't think that's the way it's going to be.
I mean, a CF is is like really diligent about stuff.
Speaker 3 (23:19):
That's I mean, let's take a look at it and
see some of those companies. Yeah, yeah, okay, so far
it looks like they've they've the companies look pretty good.
I see you guys are on you guys are on there. Yeah,
Mike Bianco, I know, Mike, John Brush Okay, yeah, I
(23:39):
mean this is a Brett's on there. Yeah. I think
this is a you know, Ron Ron's on there, Sill's
on there, John Figenbaum, can you duncan? I mean, I
think this is a it looks to be a fairly
extensive list.
Speaker 1 (23:56):
Not all inclusive, but still it's it's very nice to
know that you know, these are people that you can Yeah,
they're vouching for them.
Speaker 3 (24:05):
Yeah. I like that very very cool.
Speaker 1 (24:10):
And if I'm not mistaken, that was the news. That
was the news, good sir, and the news tonight has
been brought to us by socks. I think your what
your shoes would smell like if you didn't have socks.
Speaker 3 (24:25):
That's a good one. I like that one a lot.
Speaker 1 (24:27):
Quinch your podcast, we are going to be kind of
tweaking things a little bit because we at least think
that they've been kind of the way they are for
a long time and maybe we could just use to
freshen things up a little bit.
Speaker 3 (24:40):
We want to give you a little more meat with
your potatoes. Yeah.
Speaker 1 (24:43):
So it's like we're not going anywhere, We're not doing
anything with like coolest thing or anything like that, although
we're tweaking it.
Speaker 3 (24:50):
But we decided that, uh, you know, we're going to
do a little.
Speaker 1 (24:54):
Bit more Q and A in the in the chat
during our podcasts. We're to try and be a little
bit more interactive because we're live. Yeah, we're gonna try
and take advantage of that. We're also going to play
a little bit more because we've kind of gotten away
from the educational part of our show. I mean, not
really the mission of it, but just just doing a
(25:17):
you know, an educational one. So what I would like
is for people that have questions and we're gonna call
them bigger questions, right not not. I have a you know,
a nineteen oh nine s VDB in very final it's
at Worth.
Speaker 3 (25:34):
You'll see what I mean.
Speaker 1 (25:35):
Because we're gonna we're gonna actually debut this tonight and
there's a okay.
Speaker 3 (25:40):
Yeah, yeah, we'll just we'll do that when we debut it.
Speaker 1 (25:45):
We are going to play a little bit more with
eBay in that. I really think it's an interesting idea.
There are a couple of different games we can play.
One we can play huh.
Speaker 3 (25:58):
We know how to do that, and we playing huh. Yeah,
you guys like playing huh.
Speaker 1 (26:03):
Where we go and we try and find a listing
that just makes you scratch your head and go, what
are they doing?
Speaker 3 (26:08):
Huh?
Speaker 1 (26:09):
But there is also gonna be a yes, well find
fakes jack. I'll tell you what we did that a
long time ago. Me and Matt both went go see
who can find a fake on the eBay of the
fan and within less than a minute both of us
had a fake coin.
Speaker 3 (26:27):
Yep. Yeah, I was scrolling the other day, UH and
I saw one go by. It was crazy. If you
know what to look forward to where to look, they're
easy to find. But yeah, still, this wasn't a normal
coin section. This was one that was intended to deceive,
not necessarily one of the replica coins.
Speaker 1 (26:43):
This was one that they had a little bit shady listings.
This was an actual Yeah.
Speaker 3 (26:47):
Yeah, this was one that somebody listed as genuine that
was not.
Speaker 1 (26:51):
But I also think that there's there's some value in
uh in tucking kudos and giving people kudos on maybe
a something that was well purchased.
Speaker 3 (27:02):
Yeah.
Speaker 1 (27:03):
Yeah, I also think that we could pulp a coin
and do Okay, you got twenty seconds. Here's the coins, here's.
Speaker 3 (27:12):
What it's at. Do you bid? Do you not give
you twenty seconds? You and I both say yes, I would, No,
I wouldn't.
Speaker 1 (27:19):
And then we stop for a second and really think
about it, look at it and see who's right.
Speaker 3 (27:23):
Does a loser have to buy it?
Speaker 1 (27:25):
No?
Speaker 3 (27:25):
Oh, that's no fun. Okay, I'll tell you what.
Speaker 1 (27:30):
We'll reach into our coffers and we'll pay for it
out of that there you go. Yeah, so as well,
I think that there's a lot of a lot of
fun and stuff like that that we can do. So
we just want to make it a little bit more interactive.
We want to make it a little bit more current,
a little bit more fun, and kind of do a
(27:51):
little bit more educating.
Speaker 3 (27:53):
Yeah, and kind of feeding that that message. What Mike
is saying is that we're just going to bring you,
guys more and I hope you enjoy.
Speaker 1 (28:02):
It smells like more so so you know, it's funny.
We are asking you for bigger questions and it just
so happens, you know that we have one. Okay, So
Mike n from donnas Grove, Illinois says, if mint errors
are so hard to find, why are there so many
(28:23):
fifty five over fifty five double diecents?
Speaker 3 (28:27):
So that is a bigger question. That is a bigger question,
not a question about value. That is a question about
why something exists.
Speaker 1 (28:34):
So, you know, think about it. It's like, how often
do you find mint errors? Not very They generally get
caught by quality control coming out of the mint.
Speaker 3 (28:43):
Especially something as massive as this as the fifty five
double die. That's a pretty it's a naked I variety.
Speaker 1 (28:48):
I mean it's and I think that's why it's so valuable.
It's because it's just right there in your face.
Speaker 3 (28:54):
So why on earth is it? Well, why on earth
isn't Why are there so many?
Speaker 1 (29:01):
Well, this one actually goes back to mint history, and
this is a very interesting time in the mint's history.
We had a coin shortage going on in nineteen fifty
five and we needed more coins, and the Philadelphia, Denver,
and San Francisco Mints were cranking out coins twenty four
hours a day, seven days a week. They were running
(29:23):
three shifts every day, making as many of them as
they could, and they were so pressed to create new
coinage that in Philadelphia they at one point stopped inspecting
the dies before they put them into the machine. And
(29:44):
something was bound to happen, and sure enough did because
I learn, Yeah, a die ended up with this huge air. Now,
you know, it's like you'll say, okay, so there was
a machine that was making this for an entire shift, right,
and you could say, well, okay, well, what's the big deal. Well,
the problem is is that there were three machines that
(30:05):
dumped into a hopper, so it was one machine out
of three. So you basically would have to lose three
machines work for the entire evening, yeah, or let it
go yeah to Bill O'Reilly beame.
Speaker 3 (30:24):
You know, it's like And the other thing is first,
the first things first, fifty five doubles cent is actually
a variety. It's not technically an air. Air is something
that happens when a coin is a striking issue is
integral to the die potatoes.
Speaker 1 (30:40):
Sovariety there are. There are duplicates of error, there are not.
That's a good that's the way to think about it.
Speaker 3 (30:47):
Sure. The other thing is a lot of these coins
actually got shipped to the East Coast. You know when
when these things happen like this, uh, you know, these
coins all usually all end up in a certain part
of the country because it's not they don't just get
into every single bag that goes out. They don't end
up in California, and they don't end up in Missouri
or Florida.
Speaker 1 (31:07):
Thousand ninety Nichols that ended up in Puerto Rico.
Speaker 3 (31:10):
Right exactly. So all these particular coins, I think ended
up somewhere on the East Coast. I think I remember
a story from Dave Bauers about him finding them in
like cigarette packs or something inside of a vending machine.
Speaker 1 (31:23):
The story goes, and I love the story is that
you know, he was young and he passed his cigarette
machine and it was back in the day where they
used to they would charge you. I think it was
twenty two cents for a pack of cigarettes, and so
you put your quarter in and you would get three
cents wrapped to the outside of the pack in cell
a phane. And as he passed the machine, he saw
(31:44):
on the outside they had double dice cents on him
and he bought every single pack of cigarettes in the machine.
Speaker 3 (31:50):
That's hilarious. Yes, there you go. Somebody in the chat
says the fifty five past one on one was big
in the Lucky Strike pack in Virginia and North Carolina.
So there you go, there you go. Are there you go?
Chat and hat bringing it? I love it? Yep, love it.
Do you have any other questions from the group tonight?
Maybe you want to want to continue into this. There
(32:12):
was there was a.
Speaker 1 (32:12):
Question earlier that we should probably I should probably go
to So let's do this one. Go for it, Okay, George,
how do you become a dealer?
Speaker 3 (32:21):
Well, you want to take this where you want me too, buddy.
Speaker 1 (32:25):
Well, you're a dealer. I work for a dealer.
Speaker 3 (32:27):
Yeah, okay, So the quick and dirty answer, and I'm
going to leave that one up. Let's leave that one
up for just a minute. The quick and dirty answer
to me is lots and lots of studying. Do your
homework first before you ever decide that you want to
try to make a living selling coins. You're only as
good as the amount of information you have on hand
(32:49):
to help you make decisions in your in your everyday
coin dealing experience. So my first my first words of
advice are study, study, study, have the right references, and
if you don't have the right references nowhere to find
the answer.
Speaker 1 (33:06):
It's not important to know the answer as long as
you know where to find it right.
Speaker 3 (33:11):
And then from there it's about studying the market, studying
trends in the market, studying why coins are worth certain
amounts during certain times and why they're worth different amounts
during other times. And then from there you'll understand a
lot of the dynamics in the market. And at that point,
you know, I think you can kind of bridge that
(33:31):
gap from a either like a best pocket dealer to
an actual full time dealer. But it's not something that
happens overnight. It's not something that you know, Like, I've
been doing this twenty two years as a living and
I learned new stuff all time. I've still learning stuff.
(33:52):
Every day, I learned something new. So you just have
to be willing to learn all the time and be
willing to listen to your customers. Listen to what your
customers want and be the guy that they want to
buy it from.
Speaker 1 (34:05):
Find something that you really excel at and do that. Yeah,
like oh, you know, like like young Jack Smith, young Jack,
not Jack Young. He is going to be a really
good dealer someday. And this kid is he's eighteen years old,
(34:26):
he just graduated high school.
Speaker 3 (34:28):
But I'll tell you what he.
Speaker 1 (34:29):
Was all last year at the A and A. He
was cracking coins out and getting upgrades out of and
then reselling them and just making a ton of And
it's like, so he found something he's really really good
at and he just does that and now he's gaining
a reputation into business for being that guy.
Speaker 3 (34:47):
And if you're going to be a show dealer, then
that is exactly the right information. You should definitely specialize
in something. If you're gonna If you think you want
to run a store, you got to kind of know
a little bit about everything because you never ever know
what the next thing is it's going to walk in
the door. You know, this week I bought all sorts
(35:08):
of weird stuff that is not normal. But you know,
if I can figure it out, I'll take a shot
at it.
Speaker 1 (35:14):
But I have to say, it's hard to find people
that have that well rounded a knowledge of stuff. I
mean just from working you know where I do at
Harlem Burke. It's like we've got experts in all kinds
of different and most shops can't do that because they
just can't hire that many people. Yeah, I mean we do,
we have people that are experts in like these niche things,
(35:38):
but that's.
Speaker 3 (35:39):
What we do. So yeah, I just think that, you
know that that's the best advice I could get somebody
just in a quick like couple of minutes that wants
to be a dealer is do your homework, make the
right connections and have the right have the right information
handy when you need it, and study studies, study, study, study. Yes.
Speaker 1 (36:04):
Yeah, it's it's like there are all kinds of really
good resources out there and people that love to help.
Speaker 3 (36:11):
There you go. David the Balloons has a question says,
why did the Mint have more Liberty and Britanny Quinns
available all of a sudden? I have no idea. Do
you know the answer to this? So this was the
the twenty twenty four US and and and Britain. Yeah,
like the collapse said they did. Yeah.
Speaker 1 (36:33):
To be honest with you, I don't know what the
problem was. It seems to me that either they reserved
some or there were returns.
Speaker 3 (36:43):
It has to be one way or the other. I
was watching Twitter and I saw somebody, I think it
was maybe Russell Franks, posted like alert Alert, They're back
available on the website all of a sudden, And that
was I saw that the other day and I was like, oh,
that's cool. But it was four hours later, so I
figured they were all gone, h yeah, probably.
Speaker 1 (37:02):
But I mean, that's the thing. So if it's your
cup of tea, then you you know, it's great that
you could be able to get one. But I think,
particularly in a lot of cases like that, that you know,
there are things that people just return on mass.
Speaker 3 (37:15):
But you know, I didn't know. I didn't think the
US Mint actually resells the returns if I remember right,
I'm not sure they do. I don't know, I don't know,
don't know, I don't know. So our official answer to
that is, it is a great question, but we have
no idea.
Speaker 1 (37:37):
Fair enough, Sean Davis, I bought something today paid cash
shop owners said, oh, cash, it's our hobby. Eventually going
to go the way of stamp collecting since cash money
is on the decliner role of preval In spite of that,
I had.
Speaker 3 (37:51):
A conversation about this with somebody in my office just today,
which is actually really funny that Sean asked this question,
and I got me thinking, you know, well, the dollar
at this point is the world's currency. I mean, it's
used all over the world. You can literally go to
most countries in the world and spend US dollars. They
want to over reserve currency in the world, right, they
(38:12):
want you to spend US dollars in their country. The
most countries don't regret.
Speaker 1 (38:17):
In their currency. They will want you to spend yours.
Speaker 3 (38:20):
And that is actually what holds up a lot of
economies in a lot of different countries. So I think
that that alone might just save the paper dollar.
Speaker 2 (38:33):
Uh.
Speaker 3 (38:33):
In the United States coinage, because if they do away
with the paper dollar in United States coinage, what happens
to all of these economies that really depend on those
paper coinages to do business.
Speaker 1 (38:46):
I would expect that at least twenty five years after
they stop making pennies.
Speaker 3 (38:51):
Yeah, maybe, because it's kind of that same thing.
Speaker 1 (38:53):
It's going to take an Act of Congress to get
it done, and uh, I don't think there's a lot
of interest.
Speaker 3 (38:59):
In doing it.
Speaker 1 (39:00):
So through the typical inertia of our government, I don't
think anything's gonna happen.
Speaker 3 (39:06):
Right, I would say in the next one hundred years,
is it a possibility, yes, in the next like ten years, no, No, no.
So that's my answer to that.
Speaker 1 (39:20):
Jack Riley. What's your favorite coin related book you own?
Mike and Matt uh So?
Speaker 3 (39:27):
Mine was the very very first edition of the Cherry
Pickers Guide that I got when I was gosh how
old was I fifteen or sixteen years old? And I
wore it out, wore it out, But yeah, that would
be mine. Well, as you can see, I've got just
a couple back here. Well, what's your favorite? Your favorite?
Speaker 1 (39:49):
I have to say that that my favorite currently are
the megareds okay, and I like them because they have
a lot of information in them and yet they're fresh
and they're different and they have you know, it's it's like,
as you can see, I'm you know, I'm putting together
a set of them so that you can you can
have an encyclopedia of coin knowledge.
Speaker 3 (40:11):
I like that. Oh it's like the Encyclopedia Britannic of
those guys used to walk around try to sell your parents.
Speaker 1 (40:17):
Or the the PCGS Guide to Grading and Counterfeit Detection.
Because I have worn out two copies.
Speaker 3 (40:23):
Of that book. You my guys in the office use
that book all time too, for for some of the
key daate stuff that they need to look at. So
another another highly recommended book, PCGS Counterfeit Detection Guide, Grading
and Counterfeit Detection Guide. We use it for the counterfeit part.
All right, buddy, all right? Else anything else here?
Speaker 1 (40:45):
So send us your ideas and things that you'd like
to see us do. If you have an idea for
a game, I still want to do the occasional quiz
game and other fun thing to Matt, so I'm sure
that that's going to be.
Speaker 3 (41:00):
Oh well, this gives you more opportunity to do the
things we just dropped off on me that the people
seem to love so much. I don't know why I
don't either. All Right, you ready to get your butt
kicked in the coolest thing? You know? We will see
what happens.
Speaker 1 (41:17):
So it's like I'm on a horrible streak because it
seems like the past like six or seven times you
have just absolutely annihilated me. And I keep bringing really
cool stuff. And this week I had to pick between
two really cool things, and I think I picked right.
Speaker 3 (41:38):
We'll find out you're ready him, I hit this button.
I think this is right. Well, and now for the
coolest thing to walk in?
Speaker 2 (41:45):
This week a competition segment between Matt and Mike to
see who's had the coolest thing walk into their shops.
Speaker 3 (41:53):
Who will win this episode?
Speaker 2 (41:55):
Let's find out, Matt Mike, who's got the coolest thing.
Speaker 3 (42:05):
First? I'll start first.
Speaker 1 (42:06):
Yeah, so before you do that really quick, Yes, thirty
six people in this in in our our show tonight,
six likes please hit the like.
Speaker 3 (42:18):
Oh yeah, just stop. Pause, let's pause. Okay, okay, thank you, Okay,
So I'm gonna start first. Uh, let me get this
brought up here I need to stop that one and
present a different one.
Speaker 1 (42:38):
This is where the behind the scenes stuff happens.
Speaker 3 (42:40):
This is where Matt hasn't done this in a month
and he forgets how to do things. That's okay, play okay,
boom boom. All right. So, uh, this came into my
office the other day, and believe it or not, this
was in a collection of watches. This was actually attached
(43:01):
to a fob of a watch. Now, for right off
the bat, it just looks like eighteen seventy seven s
trade dollar, which it is, but this coin has been
modified into a box dollar and something looked weird under
(43:22):
rim yep, and inside that box dollar. This is the
first time I've ever seen this in one of these,
and I've owned several of these over the years. Is
an actual photograph the four women, probably the family of
the man who owned this, or maybe this belonged to
one of those four sisters. You know, we just don't know.
That is lost to time. But that is not something
(43:48):
I expected to buy when I was buying a deal
of pocket watches. And oh but it does now suddenly
fit sure, yeah, certainly exactly. Hey, I at first when
I looked at it on the watch fob. I was like,
why the heck is this on there? And then I
turned it over and saw the little steamen. I was like,
I know the answer, and I mopped it a couple
(44:08):
of times and it popped open and here it is
so very cool piece. This is something they used to
do in the period. Basically, this was a way to
take a photograph with you very quick and easily that
you could keep with you. Sometimes they would put other
things in them, but in this particular case, this was
(44:28):
what was in it. So that was my coolest thing.
I hope you guys enjoy it. Mike, you're up? Are
you ready? Oh? I was born? Ready friend? Okay, because
you're a pottiot whale. Done? Oh okay.
Speaker 1 (44:41):
So I'm gonna tell you guys a little story because
this is really what happens. So we have some stuff
that walks into the shop pretty much every day. We
have to kind of look at it and evaluate it
and figure out what it is. Well, this note walked
in raw okay, and we looked at it and flipped
the other side again. So we looked at it and
(45:02):
we were like, okay, that that looks okay, and then
we flipped it back and.
Speaker 3 (45:07):
We said, okay, this has.
Speaker 1 (45:10):
Got a lot of overprint on it, and so it's
an offset printing error. The the the Federal Reserve notes
are overprinted four times and the first printing is always
the reverse. So this, you know, offset onto the next
you know, the next note underneath it.
Speaker 3 (45:28):
Let me tell you how this happened. I had this
explained to me the other day by my paper money guy,
who was a greater at PCGS for years. He explained
it to me as the following. So, these these things
happened when the machine is ran without paper. Basically it's
akin to a die clash, except it's okay. So the
(45:51):
reverse came up and touched the front, and then then
the next paper was running through it caused that ink
to then transfer onto the sheet. So that is how
he explained it to me, and it made a lot
of sense.
Speaker 1 (46:08):
No, it makes a lot of sense except for one thing.
So why did the ink only offset one on one plate?
Speaker 3 (46:17):
Because it was the that was the plate that they
were printing when they came together, see what I'm saying.
Speaker 1 (46:23):
So maybe the front plate was inked after they touched. No,
it couldn't happen that way. I know because it's like
I defer to him without questioning. He knows way more.
He's probably forgotten more than I know about currency. But
everything with these always have to make sense. And I
know that when they print these, you know, they print
(46:45):
one side at a time and they do four different printings.
The first side that gets printed is the reverse, it's
the back. And so if this was to offset onto
a blank sheet and then get run through the process
and print, that's.
Speaker 3 (47:01):
What this would look like. Yeah. I think that's exactly
what happened. I think that it was the process was
started without a piece of paper in there when they
were printing the bag, so the ink was there. It
came up, ran without the paper, and then got reset
and ran with the paper and transferred that over and
then it was printed again and again and came out
(47:21):
looking like this. Yeah.
Speaker 1 (47:23):
So I understand what you're saying though about the clash
mark is kind of what makes it different. So it
must have made an imprint into the the.
Speaker 3 (47:33):
The other plate. Well no, no, no, it doesn't really
be an imprint because they don't come together like like
coined eyes do it Basically, just they they touched, the
ink was left there and then in the next printing,
the ink was transferred to the pan. I'm definitely gonna
have to ask him to explain that one to me.
Speaker 1 (47:51):
Because I know and I'm not. Look I'm I'm not
beating it up over because I get it. But there's
got to be something that's missing from that.
Speaker 3 (48:02):
I don't know, man, I guess I'm not a paper expert.
I had to ask him to learn. Like I remember,
we were talking earlier about that learning something new every
day every day. That was the thing I learned the
other day.
Speaker 1 (48:14):
And this would not be the first time that I
have been absolutely wrong and been a fool, So I
got no problem with it.
Speaker 3 (48:21):
Well, there you go, guys. That's the coolest thing. As
you can see, we have Mike's super cool certified printing
air note, and we have the hot ladies inside the
trade dollar. If you guys want to vote on who
had the cooler thing, go on over to Friends of
the Coin Show. It's on Facebook. You can vote there.
Like I said, Mike's been just getting absolutely his butt
(48:44):
kick lately. Let's keep that up, you guys. Yeah what else?
Speaker 1 (48:52):
So that, I guess brings us to the end of
another action packed show. Yeah, yeah, No, I look, I
I was pent up.
Speaker 3 (49:02):
I really needed this. I needed the release. You know.
Speaker 1 (49:06):
It's like, oh, we definitely have a very nice turnout tonight.
Our new palatial studios are palacial.
Speaker 3 (49:14):
We're doing throwback. I went with. I put the old
the old coin background that we used to use way
back in the day. I put that back in the background.
I think we're gonna keep running with that because.
Speaker 1 (49:24):
I like that. It's old school, but it's cool. Yeah,
and if you if you enjoy what we do, please
like and subscribe. You know. It's like, I hate to
keep saying that, but it's Facebook and YouTube and that's
what they need. So you know, if you could drop
us alike and subscribe, we would really appreciate it.
Speaker 3 (49:40):
Uh.
Speaker 1 (49:41):
Speaking of appreciation, we want to thank Barry Swan the
unnamed Source for all his hard work tonight, justin Urban
who does a lot on the scenes. Ernesto Agilar. Let's see,
we've got Corey Scherer and.
Speaker 3 (49:59):
And there one more. Oh yeah, and Lenna, you forgot
your partner in crime.
Speaker 1 (50:04):
Oh I'm sorry, and Russ and Russ of course Rspega
for our club scene correspondent.
Speaker 3 (50:11):
And yeah it's got nice hair, Okay, it's got nice hair.
I don't know.
Speaker 1 (50:17):
Trust me, you're gonna be so glad when I retire
and he comes out and does this full time. Oh boy. Anyways,
so most of all, thank you for listening, because without you, guys,
this entire thing is just a pipe dream and doesn't happen.
So uh, please like share a subscribe, Uh, send us
your notes. Mikey cooinshow radio dot com, man at coinshow
(50:39):
radio dot com if you really want to answer, Mike
it coinshow radio dot com. And uh, let's see we've
got we've got to hang out next week Saturday. And uh,
I'm gonna try and have a game or a quiz.
I like it, So you guys know I like it.
Try to have a game of a quiz.
Speaker 3 (51:01):
We have a function in this studio to provide slides,
so if you guys make slides, we can run them.
Just saying, just saying, so that means that we can
have a pumpkin decorating contest on a Halloween. I don't
I'm not artistic whatsoever. No, no, no, it's just people
(51:21):
decorate them. Send us their slides. Boom.
Speaker 1 (51:25):
Okay, okay, okay, you to think outside the box with
this stuff.
Speaker 3 (51:29):
Damn, I'm picking up what you're putting down. I like it. Yeah,
I like it.
Speaker 1 (51:33):
And we missed you at the coin club meeting too,
paul How did that? How did that whole show go?
Speaker 3 (51:38):
In? Uh in uh in Oklahoma and Tulsa. Oh yeah, Paula,
Paula and her crew. They they did have a show
that they all go to. Uh So, if you guys
don't know Paula, Paula there is a member of Live
coin Q and A on YouTube. We love those guys,
they love us. It's it's a symbatic relationship. It really is.
(52:01):
Is great. They're good for us, we're good for them.
We're all friendly. But they they were all planning to
meet up at a show in Oklahoma, and it sounds
like it was a really good show. So there you go.
Speaker 1 (52:14):
So if you get a chance, check them out. Monday
nights seven p m. Central Time. That makes it eight Eastern.
Live coin Q and A also on YouTube. You can
check out their Facebook page at Q and A or
coin Q and A.
Speaker 3 (52:32):
All right, buddy, I'm gonna hit the button and play
video and say goodbye to the coin nerds. Good Bye
coin nerds, Bye coin Nerds.
Speaker 2 (52:43):
You've been listening to the coin Show podcast with Matt
Dinger and Mike Noteleman. The boys will be back soon
with another informative and entertaining episode. Meanwhile, you can follow
the show on social media at the coin Show on
Twitter and Instagram, and on Facebook at Facebook dot com
slash the Coinshow. You can also join their private group.
(53:04):
Just search Facebook groups for Friends of the coin Show
and request access. But if you want to take it
to the next level and support the Coinshow podcast, you
can go to www dot Patreon dot com slash the
coin Show. If you subscribe at the five dollars a
month level or hire, you'll have access to not the
coin Show podcasts on the off weeks, as well as
(53:27):
other surprises reserve for our patrons. Visit our website at
coinshowradio dot com or download our podcasts on Apple Podcasts, iHeartRadio, Spotify,
or wherever you download your podcasts. This has been the
Coinshow podcast
This is the Coin Show.
Speaker 2 (00:04):
Podcast, a podcast about coins and coin collecting from the
perspective of both dealers and collectors, hosted by two guys
with a passion for collecting and a combined experience of
over fifty years in the coin industry. Here's Matt Dinger
and Mike Noteleman on the Coin Show Podcast.
Speaker 3 (00:27):
And we are back. We are alive.
Speaker 1 (00:29):
This this episode two thirty six of the Coin Show Podcast. Hello,
fellow coin nerds, Oh, fellow coin nerds. Welcome to episode
two thirty six of the Coin Show Podcast. I'm Mike
and I'm Man and bring a little old school.
Speaker 3 (00:45):
And a little new school. Tonight.
Speaker 1 (00:46):
We are going to be doing some new stuff and
some old stuff. We are going to talk a little
bit about some of the some of the tweaks that
we want to make to the show. Yeah, go forward,
and we're also going to do our coolest thing.
Speaker 3 (01:04):
Yeah huh. Anyway, before we jump to that, how about
your break? And we had our traditional summer break. We're over,
we're back. Did you do anything fun over break? I did?
Speaker 1 (01:17):
I well, I mean for me, it was more relaxing
than anything else, trying to just unplug and get ready
because you know the ANA is coming up in a
couple of weeks. You know, there's there's a lot of
stuff going on right now. We've got one guy out
of the shop at the an a Summer seminar, and
then it's gonna be somebody else on vacation, and then
(01:37):
it's gonna be Ana, it's gonna be well Tinley.
Speaker 3 (01:40):
And all these other shows.
Speaker 1 (01:41):
So it's like it's kind of uh, we're real busy,
a lot of business and it's been kind of cool.
Speaker 3 (01:48):
It's been nice. Yeah. So I'm heard at the time
of vacations and we we had our little vacation. We
are back. I'm ready to rock tonight. Hey our little
three break.
Speaker 1 (01:56):
Yes, it was uh, it was kind of necessary, it
was it was just some we needed to get done.
Speaker 3 (02:01):
Yeah, all right, so now you're ready, I'm ready.
Speaker 1 (02:05):
Yeah, Okay, So all of that tonight and we are
going to take your questions live in the chat. But first,
as always, the news.
Speaker 3 (02:29):
The news is brought to us. Buy socks.
Speaker 1 (02:32):
Think of what your shoes would smell like if you
didn't have socks.
Speaker 3 (02:41):
Ah, that's rough.
Speaker 1 (02:43):
So the United States meant has at least published that
they are going to they're going to at least Proof
Morgan and Peace dollars for twenty twenty four, and they're
going to offer them at the New Tampa Show. I
think it's what August, September, September. Yeah, but they're gonna
(03:04):
be they're gonna be done, They're going to be you know,
minted by then, so at least we know, you know,
it's like with these coins, it's always a crapshoot. Are
they gonna make them? Are they not gonna make them?
Speaker 3 (03:15):
Well, you know, you skip a year, you kind of
leave people with a bad taste in their mouth, kind
of like those Proof Silver Eagles. They skipped that one year,
remember that.
Speaker 1 (03:23):
Yeah, two thousand and nine.
Speaker 3 (03:25):
Yeah, yeah, kind of our people a little bit. So
it kind of makes them wonder when the next time
they're gonna skip them in.
Speaker 1 (03:30):
Well, I mean they came out with so many of
them again last year.
Speaker 3 (03:33):
Yeah. I don't I don't understand it. I don't get it.
But uh yeah, do they do they say what the
issue price is yet let's see. No, I don't see it.
Speaker 1 (03:45):
I don't think they're committing to that because god knows,
you know, they're what do they charge you? One hundred
and twenty bucks last year or something like that.
Speaker 3 (03:52):
Some goofy yeah, some goofy like that. It might might
have been. It might be right. I think the first
ones they came out with were like those we're ninety yeah,
ninety bucks.
Speaker 1 (04:02):
Right, and I think last year they were a bucket,
a quarter yeah, somewhere right in there. So it's like, hey,
you know, the price of silver's up, so.
Speaker 3 (04:12):
Plus or minus one hundred and fifty, what do you think? Yeah?
Speaker 1 (04:15):
I would probably go, well, I'm starting to favor the over.
Speaker 3 (04:20):
Yeah, yeah, I think you're probably right. I hoperee.
Speaker 1 (04:25):
So the United States Silver Proof set is also going
to now be available June twenty seven. Now, you know,
I think that they may be taking a very interesting
strategy at the US men, just continuing to beat this
horse until they can just say, look, let's shoot it.
Speaker 3 (04:47):
But what is shooting it? I mean, what is that?
What is that entailed? Just completely?
Speaker 1 (04:51):
I think if they get the demand forum down under
one hundred thousand sets, they're not going to make him anymore.
Speaker 3 (04:57):
But what is that the point? I mean, what is
the point?
Speaker 1 (05:01):
Look, silver realized that Silver's thirty bucks twenty nine bucks
an ounce?
Speaker 3 (05:05):
Did they realize that it was a mistake to switch
everything over to peer planchets. Is that what it is?
Speaker 1 (05:09):
Or oh, actually that that's actually saving them money. No,
the problem with it is that is that they're greedy,
you know, the the the Okay, so the government they're
just all making them in in pure silver. There is
literally forty two dollars worth of silver in a silver
Proussett correct, Okay.
Speaker 3 (05:28):
Forty two bucks. They're charging one hundred and fifteen. There
are one and thirty this year, by the way, thirty
even worse. Why but that doesn't seem to me like
they would want to not make that. That seems like
they would want to sell quite a few more of those.
That would be where I would be coming from a
business standpoint.
Speaker 1 (05:47):
Okay, So let's think about this from a standpoint of
if you're trying to make a you know, the most profit, right,
you try and find a price point where the sales
will be strong and you know the profit is high. Yes,
I think they've forgotten about one of those.
Speaker 3 (06:11):
Well that's kind of my point. Okay, Okay, I'm picking
up what you're putting down. I got you.
Speaker 1 (06:16):
Yeah, So that's that's just you know, that's greed.
Speaker 3 (06:21):
That's bad. Yeah.
Speaker 1 (06:23):
In other new coin news, the doctor Mary Edwards Walker
quarter is out. Now do you know who doctor Mary
Edwards Walker was?
Speaker 3 (06:32):
Well, I do not, but I can tell from the
coin itself that it looks like she received the Medal
of Honor. So I'm guessing that she was the first
woman to receive the Medal of Honor.
Speaker 1 (06:40):
I think she's the only woman to receive the Medal
of Honor. So she's a civilian that received the Medal
of Honor before it really became a largely military honor.
It was it was running in the Civil War. She
was a Civil War field surgeon, Okay, And so I
mean literally she deserved the medal. There had no question
about it. But it was when they first started giving
(07:02):
him out and then they started saying, well, maybe this
is more of a military honor, and and you know,
since then it has become a little bit different award still. Yeah,
so yeah, she ended up with her own coin. That's
kind of cool. I think these ones just came out.
Speaker 3 (07:18):
These were issued. So the story is June seventeenth, and
it says that they released them today, So they released
them on June seventeenth.
Speaker 1 (07:28):
Yeah, so they've been out less than a week, and
I will tell you I already have them in my shop.
Speaker 3 (07:36):
Wow, look at you. Yeah, fancy fella.
Speaker 1 (07:39):
Well you know you know me in modern stuff, Yes, yes,
I do. Is why we have them is because I
like them. That's all that matters. Well, you know, turned
me listen to a credit card. So the one of
the semi Quinn Centennial coins will be the Native American
(08:00):
dollar coin. And this is going to be the design
for the reverse. George Washington and Polly Cooper I.
Speaker 3 (08:10):
Kind of like it. She's like, hey, what's up? You
want some corn? And George Washington's like, hello, miss, it's
cold out here. Let's see what I'm thinking right now.
It's but it is.
Speaker 1 (08:20):
It's an interesting uh, it's an interesting dichotomy.
Speaker 3 (08:25):
And he's like, yes, I'll take your corn and your land. Yes,
and everything else and everything else you have. Yeah, pretty
much pretty much.
Speaker 1 (08:33):
Let's story of America. And in this story, if you
if you pan down a little bit, it has some
other designs.
Speaker 3 (08:39):
I think that it didn't make it.
Speaker 1 (08:42):
Yeah, So I always like seeing the line drawings for
this stuff.
Speaker 3 (08:46):
I think it's interesting. I mean, and they have those
Disney Disney like ones again down to the bottom left
if you see them. I surely hope that design style
doesn't make it on any of her coinage. Oh yeah,
it's exactly what I was just thinking. Yeah, that's a
Laddin but Pocahontas. Yeah, you know.
Speaker 1 (09:06):
The Perth Mint is celebrating the one hundred and twenty
fifth anniversary with a twenty twenty four gold proof sovereign.
Now the thing that really kind of got me is
look at the design on this, because this is a
different design for Saint George, and I wonder if this
is a purely Australian thing.
Speaker 3 (09:25):
Good I might. My name's Pull. I'm going to find
the coin let me scroll through here. Well, that is it,
right there, it is. There's that making there we go,
So let's pause. Pause. Okay, so they have so they
have Saint George, uh, facing off with a very menacing
looking dragon. Actually in Saint George is butt naked.
Speaker 1 (09:50):
Well isn't that how they did it back then? I mean,
the dragon's not wearing any clothes either, that's true. It's
the horse, that's true.
Speaker 3 (09:57):
But he is ripped. He's been doing some setups. Yeah, yeah,
I mean it's an interesting variant of that particular design,
I can like it.
Speaker 1 (10:06):
Well, it's like, you know, the Saint George and the
dragon portrait that son Sovereign's has been like that for
hundreds of years.
Speaker 3 (10:14):
Yeah, So to.
Speaker 1 (10:15):
See something different and particularly something that looks kind of modern,
I thought was neat.
Speaker 3 (10:19):
Yeah, yeah, okay, I can get down with that. I
can get down with that one.
Speaker 1 (10:25):
So a national banknote from the Oklahoma Territory is going
to be in Staxpawers showcase auction. But the interesting part
of it is serial number one.
Speaker 3 (10:33):
Bill Fancy Schmancy hacky.
Speaker 1 (10:37):
Yeah, this is a really cool looking note.
Speaker 3 (10:40):
I wish I could a bigger picture of it. That's it.
That's all we got. That's all you got. Well they're
gonna give me. That's technology nowadays.
Speaker 1 (10:48):
But it's got the charter number on the back, YEP,
and serial number one.
Speaker 3 (10:56):
But yeah, territorials are tough because obviously the banking system
wasn't a big concern of the territories at the time.
Speaker 1 (11:04):
So yeah, Oklahoma was a territory well into the nineteen hundreds.
Speaker 3 (11:09):
So so very very interesting.
Speaker 1 (11:13):
The American Numismatic Association Awards this year are going to
honor some distinguished numismatists one of them. If you will
look at the pictures, a friend of the Coin Show.
Speaker 3 (11:25):
I know that guy.
Speaker 1 (11:26):
Yeah, I know that guy too, Dennis Tucker as well
as you.
Speaker 3 (11:32):
Ready it I can read Steve Roach.
Speaker 1 (11:33):
I'm sorry, No, it's just it's really hard to read
from where I'm at. Steve Steve Roach, you know, former
coin World editor in chief. So a lot of literary
people on this are going to receive the Medal of merit.
Speaker 3 (11:47):
Very very cool. And then the Edna G. Wild Memorial Award, yes,
went to Carol Basketball, Virginia Bork, and Mitch Sanders. And
what do they award that for. Let's see for Exemplary
Service honors A and A members who have demonstrated years
of enthusiastic service in volunteering, time, expertise resources that contributed
(12:10):
to the A and a's growth and success and have
furthered the A n A and the the association's education mission.
There you go.
Speaker 1 (12:19):
Awesome, good job, very very well deserved, and we're proud
of every single one of these people. He The CCAC
has added some new members. No, this is Jeane Stevens
Sullivan and she is actually coming back to the CCAC.
(12:42):
She is going to be replacing our friend of the
coin show, Dennis Tucker.
Speaker 3 (12:48):
I like it. Dennis is retired. You know, he's gotta
be sitting on a beach drinking it. He like fifteen
jobs for a couple of years, and so now, you know,
spend some time with the tiny boss lady. Do what
you want, dude, that's right. Yeah.
Speaker 1 (13:06):
So this is a shot from coins that are upcoming
at the World's Fair Money. I really just pulled this
story because it's like, look, we are going to be there.
Speaker 3 (13:16):
Yep.
Speaker 1 (13:17):
I don't know how many of you guys are going
to be there. It's going to be a lot of fun.
Speaker 3 (13:23):
It is going to be a great time. If you
can make it, I highly recommend it. If you can't
make it this year, try to make it next year.
This is the center of the coin Nerd universe for
a weekend in the summer. It is. It is a
heck of a time. You should go. I'm a table
fifteen hundred by the way, if anybody wants to come
(13:44):
see me, table fifteen hundred.
Speaker 1 (13:45):
I mean, there's coin buying and selling activities all day long,
and there's fraternizing and friend banking activities all night long.
Speaker 3 (13:55):
Yep. Networking is key and there's a lot of so
much fun.
Speaker 1 (13:58):
You meet so many people, and so many other people
are just really cool.
Speaker 3 (14:03):
Yes, yep, looks like there's some great stuff coming up
in the auction. The Final Stone seventeen ninety four Flowing
Hair or this coin was insured for fifteen million bucks
going into a private collection after what it's a seventeen
ninety four ninety four Yeah, yeah, not that many of those.
Another nice ancient coin underneath it. Yeah, I want to
(14:25):
leave that these coming from the Tyrant collection, I think so. Yeah, yeah,
very cool. And then what is this?
Speaker 1 (14:32):
This is It looks like a patterned set, like the
King of Siam set.
Speaker 3 (14:37):
It is let's a complete sixteen coin eighteen sixty eight
aluminum dye trial proof SETO. And there's also a complete
six coin copper and silverproof set of the eighteen eighty
two Liberty headshield ear ring patterns twenty one dollar denominations. Wow,
that's cool, very cool. Yeah, that'd be okay to own. Yeah,
(15:03):
and it says let's see underneath here says the unique
Experimental Finish nineteen ten Saint Goden Double Eagle and a
satin finish nineteen twenty one, Saint Goden's Double Eagle will
be displayed together for only the second time. They're on
loan by Brian Hendelson of Classic Coin Company. So it
looks like they're talking about already some of the stuff
that's going to be on exhibit as well at the show.
(15:25):
That's cool. If you guys get there, If you guys
can get there, you should get there. Agreed.
Speaker 1 (15:32):
Well, okay, over a million dollars in bitcoins physical cryptocurrency.
I still can't get.
Speaker 3 (15:41):
My head around this.
Speaker 1 (15:42):
It just doesn't make sense to me to have a
physical cryptocurrency.
Speaker 3 (15:46):
Well, I mean, so these were done years ago, like
I think around Oh yeah, says on the slab chair,
twenty twelve, twenty thirteen. This was this was the thing
that went on for a little while during that period
where baasically you could have one of these and actually
have it off of the Internet. You didn't have to
have it saved on a on a.
Speaker 1 (16:08):
Jumping ideas inside of it and it's it is a
physical bit.
Speaker 3 (16:14):
But yeah, it was basically a way to put one the.
Speaker 1 (16:17):
Whole purpose, doesn't it.
Speaker 3 (16:18):
Well, I mean not necessarily, but yes, I understand where
you're coming from. Yeah, so you don't get that I
owned one of these ones, so I mean I think
they're cool.
Speaker 1 (16:30):
Yeah, but I just it's like, I don't get it.
Speaker 3 (16:35):
I mean, there are I guess there are people that
are actually collecting the physical bitcoins as a collectible and
not necessarily worrying about the the value of the bitcoin.
I mean, I'm sure that goes into it, takes it
into account, but who knows. Go ahead, shot put it
(16:56):
exactly what was in my mind, and that as people
will connect anything that is exactly what I was thinking.
That's true.
Speaker 1 (17:03):
I want a quick instant poll in the uh, in
the in the chat, what do you guys think it's like?
Is a physical bitcoin a stupid idea or is it
just something that that I'm.
Speaker 3 (17:15):
Too stupid to understand? Oh?
Speaker 1 (17:18):
So there you So Mike is stupid or the physical
bitcoin is stupid?
Speaker 3 (17:24):
Well, considering I haven't seen any of these made in
a while, like I don't see coming out.
Speaker 1 (17:29):
Poor Kal knows does. Yes, that's that's true.
Speaker 3 (17:32):
Yeah, so I think maybe just maybe it was that
idea that it wasn't the thing that worked, the stupid idea.
So okay, very very interesting, yes.
Speaker 1 (17:46):
And uh, as always, we have a little kicker story
from from Jack. He was really really you know, talking
about this a lot on Facebook.
Speaker 3 (17:56):
This week, and uh, this is.
Speaker 1 (18:00):
I'm not entirely sure what it was about this coin
that drove him so hard.
Speaker 3 (18:08):
I don't know. I mean, I don't know.
Speaker 1 (18:11):
I just got a huge cut on it.
Speaker 3 (18:14):
Well, I think what drove him so hard is that
he found another one, which he shows down here that
Winston Zach had actually documented at some point who is
a who is a counterfeit researcher, temporary counterfeit researcher. So
this is something apparently that was known in the industry,
(18:35):
or at least in that little corner of the industry
to be a thing. Uh. And then all of a
sudden one turns up in an annex holder as being
certified as genuine. So she's got a good look for annex.
But hey, look, you know it can all they all
make mistakes. I just got a coin back this week
that I sent to PCJSS and they outright called it counterfeit.
(18:58):
And I sent it to SEA and they graded an
x F forty.
Speaker 1 (19:01):
So so there is a there's a termine Yiddish called
klutzba uzba. Yeah right, And and klutzba is like just
unbridled arrogance, right.
Speaker 3 (19:15):
And.
Speaker 1 (19:16):
I think it takes a certain amount of that to
make a counterfeit with a giant error on it.
Speaker 3 (19:22):
Well, I'm not sure that they intended it for it
to have this giant die break on the back. If
I can get a big picture, I think that might
have been where their counterfeit die actually failed.
Speaker 1 (19:36):
Like, I don't think that they would continued to strike them.
Speaker 3 (19:40):
That was kind of the point. Yeah, I mean maybe
they they didn't notice it for a little bit, or
they just didn't care. Well, that's what I'm saying. I
would guess probably the second well, again, could be a
little of bold. And I'm sure there are others out
there that were struck before this die broke. You know
that exists. You can probably find one. It seems like
(20:00):
they're somewhat prolific. If there's two here. Yeah, so there
you go.
Speaker 1 (20:07):
Yeah, Sean Davis says, there's that Chinese websites sound like
spurious Buffalo Nichols for a dollar ninety five each yep. Basically,
Commo date circulated coin says twice a price of a
real one yep.
Speaker 3 (20:16):
Yeah, that's funny. And this is a contemporary coin though,
So this one was made they think during the period.
It's not a modern Chinese coin. It is an old
time fake which was meant to just like anything somebody
counterfeit today, was meant to circulate in the time period.
Speaker 1 (20:32):
So it was a contemporary counterfeit, and it was eight
of such a low denomination that it was easy to pass.
Speaker 3 (20:39):
Yeah. Yeah, So then they see oh down a little further,
they talk about the retained could and they show it
in a Braided Die Varieties book. So, and then the
last thing it says here is so an apparent known
counterfeit buffalo. The conversation quickly shifted to it I was genuine, Okay,
(21:03):
so it looks like they did authenticate it and it's
just another one that sold a heritage When is this Yeah, yeah, okay,
huh yeah.
Speaker 1 (21:14):
This one's made the round.
Speaker 3 (21:16):
Yeah weird. There's a lot of research there. Yeah. This
guy goes hard. Jack goes real hard.
Speaker 1 (21:22):
Oh you definitely don't want him coming coming.
Speaker 3 (21:25):
For air coin. Well, no, that's fine, Yeah, I don't
have anything to worry about. But man, some of these
guys are yeah, pretty crazy. So let me go back
up here. I wish I could blow this picture U
because I don't have this book. But oh they do
label it as a counterfeit in the book too. Okay,
so interesting, very interesting counterfeit before. Yeah, just I just
(21:47):
like that kind of like that quarter yeah one counterfeit before. Yeah,
that book was published in two thousand and six, so
it's that seems to be the earliest reference that I've
seen so far on it. Yeah, I was gonna say that,
that's completely newer to me. All right, Well, cool, that's awesome.
Speaker 1 (22:08):
And finally, in the news, the Anti Counterfeiting Educational Foundation
has launched a Trusted Experts directory.
Speaker 3 (22:16):
That's all this.
Speaker 1 (22:18):
I think this is actually a really cool idea and
I absolutely would love to have my coin shop included
on it. I think it's a really you know, it's
it's kind of like a I guess, a modern day
version of the PNG, you know, I don't know.
Speaker 3 (22:36):
I think we filled out something for this a while ago.
I don't I don't know, we're there.
Speaker 1 (22:40):
Well, I mean, I think from a standpoint of the
PNG was supposed to be, you know, somebody that you
could go to mediate problems with dealers, member dealers and
stuff like that, and a lot of dealers just aren't
members of the PNG anymore, right, So you know, I
mean that just kind of it eliminated it. So this,
you know, is more of a white list rather than
a black list, and you know, you can get on this.
(23:02):
I think that that because these are people that do
their homework.
Speaker 3 (23:06):
Well, but I mean, how do they how do they
vet these people or is it just like here fell
out a farm and you can be on our trusted experts.
Speaker 1 (23:12):
Well, I don't think that's the way it's going to be.
I mean, a CF is is like really diligent about stuff.
Speaker 3 (23:19):
That's I mean, let's take a look at it and
see some of those companies. Yeah, yeah, okay, so far
it looks like they've they've the companies look pretty good.
I see you guys are on you guys are on there. Yeah,
Mike Bianco, I know, Mike, John Brush Okay, yeah, I
(23:39):
mean this is a Brett's on there. Yeah. I think
this is a you know, Ron Ron's on there, Sill's
on there, John Figenbaum, can you duncan? I mean, I
think this is a it looks to be a fairly
extensive list.
Speaker 1 (23:56):
Not all inclusive, but still it's it's very nice to
know that you know, these are people that you can Yeah,
they're vouching for them.
Speaker 3 (24:05):
Yeah. I like that very very cool.
Speaker 1 (24:10):
And if I'm not mistaken, that was the news. That
was the news, good sir, and the news tonight has
been brought to us by socks. I think your what
your shoes would smell like if you didn't have socks.
Speaker 3 (24:25):
That's a good one. I like that one a lot.
Speaker 1 (24:27):
Quinch your podcast, we are going to be kind of
tweaking things a little bit because we at least think
that they've been kind of the way they are for
a long time and maybe we could just use to
freshen things up a little bit.
Speaker 3 (24:40):
We want to give you a little more meat with
your potatoes. Yeah.
Speaker 1 (24:43):
So it's like we're not going anywhere, We're not doing
anything with like coolest thing or anything like that, although
we're tweaking it.
Speaker 3 (24:50):
But we decided that, uh, you know, we're going to
do a little.
Speaker 1 (24:54):
Bit more Q and A in the in the chat
during our podcasts. We're to try and be a little
bit more interactive because we're live. Yeah, we're gonna try
and take advantage of that. We're also going to play
a little bit more because we've kind of gotten away
from the educational part of our show. I mean, not
really the mission of it, but just just doing a
(25:17):
you know, an educational one. So what I would like
is for people that have questions and we're gonna call
them bigger questions, right not not. I have a you know,
a nineteen oh nine s VDB in very final it's
at Worth.
Speaker 3 (25:34):
You'll see what I mean.
Speaker 1 (25:35):
Because we're gonna we're gonna actually debut this tonight and
there's a okay.
Speaker 3 (25:40):
Yeah, yeah, we'll just we'll do that when we debut it.
Speaker 1 (25:45):
We are going to play a little bit more with
eBay in that. I really think it's an interesting idea.
There are a couple of different games we can play.
One we can play huh.
Speaker 3 (25:58):
We know how to do that, and we playing huh. Yeah,
you guys like playing huh.
Speaker 1 (26:03):
Where we go and we try and find a listing
that just makes you scratch your head and go, what
are they doing?
Speaker 3 (26:08):
Huh?
Speaker 1 (26:09):
But there is also gonna be a yes, well find
fakes jack. I'll tell you what we did that a
long time ago. Me and Matt both went go see
who can find a fake on the eBay of the
fan and within less than a minute both of us
had a fake coin.
Speaker 3 (26:27):
Yep. Yeah, I was scrolling the other day, UH and
I saw one go by. It was crazy. If you
know what to look forward to where to look, they're
easy to find. But yeah, still, this wasn't a normal
coin section. This was one that was intended to deceive,
not necessarily one of the replica coins.
Speaker 1 (26:43):
This was one that they had a little bit shady listings.
This was an actual Yeah.
Speaker 3 (26:47):
Yeah, this was one that somebody listed as genuine that
was not.
Speaker 1 (26:51):
But I also think that there's there's some value in
uh in tucking kudos and giving people kudos on maybe
a something that was well purchased.
Speaker 3 (27:02):
Yeah.
Speaker 1 (27:03):
Yeah, I also think that we could pulp a coin
and do Okay, you got twenty seconds. Here's the coins, here's.
Speaker 3 (27:12):
What it's at. Do you bid? Do you not give
you twenty seconds? You and I both say yes, I would, No,
I wouldn't.
Speaker 1 (27:19):
And then we stop for a second and really think
about it, look at it and see who's right.
Speaker 3 (27:23):
Does a loser have to buy it?
Speaker 1 (27:25):
No?
Speaker 3 (27:25):
Oh, that's no fun. Okay, I'll tell you what.
Speaker 1 (27:30):
We'll reach into our coffers and we'll pay for it
out of that there you go. Yeah, so as well,
I think that there's a lot of a lot of
fun and stuff like that that we can do. So
we just want to make it a little bit more interactive.
We want to make it a little bit more current,
a little bit more fun, and kind of do a
(27:51):
little bit more educating.
Speaker 3 (27:53):
Yeah, and kind of feeding that that message. What Mike
is saying is that we're just going to bring you,
guys more and I hope you enjoy.
Speaker 1 (28:02):
It smells like more so so you know, it's funny.
We are asking you for bigger questions and it just
so happens, you know that we have one. Okay, So
Mike n from donnas Grove, Illinois says, if mint errors
are so hard to find, why are there so many
(28:23):
fifty five over fifty five double diecents?
Speaker 3 (28:27):
So that is a bigger question. That is a bigger question,
not a question about value. That is a question about
why something exists.
Speaker 1 (28:34):
So, you know, think about it. It's like, how often
do you find mint errors? Not very They generally get
caught by quality control coming out of the mint.
Speaker 3 (28:43):
Especially something as massive as this as the fifty five
double die. That's a pretty it's a naked I variety.
Speaker 1 (28:48):
I mean it's and I think that's why it's so valuable.
It's because it's just right there in your face.
Speaker 3 (28:54):
So why on earth is it? Well, why on earth
isn't Why are there so many?
Speaker 1 (29:01):
Well, this one actually goes back to mint history, and
this is a very interesting time in the mint's history.
We had a coin shortage going on in nineteen fifty
five and we needed more coins, and the Philadelphia, Denver,
and San Francisco Mints were cranking out coins twenty four
hours a day, seven days a week. They were running
(29:23):
three shifts every day, making as many of them as
they could, and they were so pressed to create new
coinage that in Philadelphia they at one point stopped inspecting
the dies before they put them into the machine. And
(29:44):
something was bound to happen, and sure enough did because
I learn, Yeah, a die ended up with this huge air. Now,
you know, it's like you'll say, okay, so there was
a machine that was making this for an entire shift, right,
and you could say, well, okay, well, what's the big deal. Well,
the problem is is that there were three machines that
(30:05):
dumped into a hopper, so it was one machine out
of three. So you basically would have to lose three
machines work for the entire evening, yeah, or let it
go yeah to Bill O'Reilly beame.
Speaker 3 (30:24):
You know, it's like And the other thing is first,
the first things first, fifty five doubles cent is actually
a variety. It's not technically an air. Air is something
that happens when a coin is a striking issue is
integral to the die potatoes.
Speaker 1 (30:40):
Sovariety there are. There are duplicates of error, there are not.
That's a good that's the way to think about it.
Speaker 3 (30:47):
Sure. The other thing is a lot of these coins
actually got shipped to the East Coast. You know when
when these things happen like this, uh, you know, these
coins all usually all end up in a certain part
of the country because it's not they don't just get
into every single bag that goes out. They don't end
up in California, and they don't end up in Missouri
or Florida.
Speaker 1 (31:07):
Thousand ninety Nichols that ended up in Puerto Rico.
Speaker 3 (31:10):
Right exactly. So all these particular coins, I think ended
up somewhere on the East Coast. I think I remember
a story from Dave Bauers about him finding them in
like cigarette packs or something inside of a vending machine.
Speaker 1 (31:23):
The story goes, and I love the story is that
you know, he was young and he passed his cigarette
machine and it was back in the day where they
used to they would charge you. I think it was
twenty two cents for a pack of cigarettes, and so
you put your quarter in and you would get three
cents wrapped to the outside of the pack in cell
a phane. And as he passed the machine, he saw
(31:44):
on the outside they had double dice cents on him
and he bought every single pack of cigarettes in the machine.
Speaker 3 (31:50):
That's hilarious. Yes, there you go. Somebody in the chat
says the fifty five past one on one was big
in the Lucky Strike pack in Virginia and North Carolina.
So there you go, there you go. Are there you go?
Chat and hat bringing it? I love it? Yep, love it.
Do you have any other questions from the group tonight?
Maybe you want to want to continue into this. There
(32:12):
was there was a.
Speaker 1 (32:12):
Question earlier that we should probably I should probably go
to So let's do this one. Go for it, Okay, George,
how do you become a dealer?
Speaker 3 (32:21):
Well, you want to take this where you want me too, buddy.
Speaker 1 (32:25):
Well, you're a dealer. I work for a dealer.
Speaker 3 (32:27):
Yeah, okay, So the quick and dirty answer, and I'm
going to leave that one up. Let's leave that one
up for just a minute. The quick and dirty answer
to me is lots and lots of studying. Do your
homework first before you ever decide that you want to
try to make a living selling coins. You're only as
good as the amount of information you have on hand
(32:49):
to help you make decisions in your in your everyday
coin dealing experience. So my first my first words of
advice are study, study, study, have the right references, and
if you don't have the right references nowhere to find
the answer.
Speaker 1 (33:06):
It's not important to know the answer as long as
you know where to find it right.
Speaker 3 (33:11):
And then from there it's about studying the market, studying
trends in the market, studying why coins are worth certain
amounts during certain times and why they're worth different amounts
during other times. And then from there you'll understand a
lot of the dynamics in the market. And at that point,
you know, I think you can kind of bridge that
(33:31):
gap from a either like a best pocket dealer to
an actual full time dealer. But it's not something that
happens overnight. It's not something that you know, Like, I've
been doing this twenty two years as a living and
I learned new stuff all time. I've still learning stuff.
(33:52):
Every day, I learned something new. So you just have
to be willing to learn all the time and be
willing to listen to your customers. Listen to what your
customers want and be the guy that they want to
buy it from.
Speaker 1 (34:05):
Find something that you really excel at and do that. Yeah,
like oh, you know, like like young Jack Smith, young Jack,
not Jack Young. He is going to be a really
good dealer someday. And this kid is he's eighteen years old,
(34:26):
he just graduated high school.
Speaker 3 (34:28):
But I'll tell you what he.
Speaker 1 (34:29):
Was all last year at the A and A. He
was cracking coins out and getting upgrades out of and
then reselling them and just making a ton of And
it's like, so he found something he's really really good
at and he just does that and now he's gaining
a reputation into business for being that guy.
Speaker 3 (34:47):
And if you're going to be a show dealer, then
that is exactly the right information. You should definitely specialize
in something. If you're gonna If you think you want
to run a store, you got to kind of know
a little bit about everything because you never ever know
what the next thing is it's going to walk in
the door. You know, this week I bought all sorts
(35:08):
of weird stuff that is not normal. But you know,
if I can figure it out, I'll take a shot
at it.
Speaker 1 (35:14):
But I have to say, it's hard to find people
that have that well rounded a knowledge of stuff. I
mean just from working you know where I do at
Harlem Burke. It's like we've got experts in all kinds
of different and most shops can't do that because they
just can't hire that many people. Yeah, I mean we do,
we have people that are experts in like these niche things,
(35:38):
but that's.
Speaker 3 (35:39):
What we do. So yeah, I just think that, you
know that that's the best advice I could get somebody
just in a quick like couple of minutes that wants
to be a dealer is do your homework, make the
right connections and have the right have the right information
handy when you need it, and study studies, study, study, study. Yes.
Speaker 1 (36:04):
Yeah, it's it's like there are all kinds of really
good resources out there and people that love to help.
Speaker 3 (36:11):
There you go. David the Balloons has a question says,
why did the Mint have more Liberty and Britanny Quinns
available all of a sudden? I have no idea. Do
you know the answer to this? So this was the
the twenty twenty four US and and and Britain. Yeah,
like the collapse said they did. Yeah.
Speaker 1 (36:33):
To be honest with you, I don't know what the
problem was. It seems to me that either they reserved
some or there were returns.
Speaker 3 (36:43):
It has to be one way or the other. I
was watching Twitter and I saw somebody, I think it
was maybe Russell Franks, posted like alert Alert, They're back
available on the website all of a sudden, And that
was I saw that the other day and I was like, oh,
that's cool. But it was four hours later, so I
figured they were all gone, h yeah, probably.
Speaker 1 (37:02):
But I mean, that's the thing. So if it's your
cup of tea, then you you know, it's great that
you could be able to get one. But I think,
particularly in a lot of cases like that, that you know,
there are things that people just return on mass.
Speaker 3 (37:15):
But you know, I didn't know. I didn't think the
US Mint actually resells the returns if I remember right,
I'm not sure they do. I don't know, I don't know,
don't know, I don't know. So our official answer to
that is, it is a great question, but we have
no idea.
Speaker 1 (37:37):
Fair enough, Sean Davis, I bought something today paid cash
shop owners said, oh, cash, it's our hobby. Eventually going
to go the way of stamp collecting since cash money
is on the decliner role of preval In spite of that,
I had.
Speaker 3 (37:51):
A conversation about this with somebody in my office just today,
which is actually really funny that Sean asked this question,
and I got me thinking, you know, well, the dollar
at this point is the world's currency. I mean, it's
used all over the world. You can literally go to
most countries in the world and spend US dollars. They
want to over reserve currency in the world, right, they
(38:12):
want you to spend US dollars in their country. The
most countries don't regret.
Speaker 1 (38:17):
In their currency. They will want you to spend yours.
Speaker 3 (38:20):
And that is actually what holds up a lot of
economies in a lot of different countries. So I think
that that alone might just save the paper dollar.
Speaker 2 (38:33):
Uh.
Speaker 3 (38:33):
In the United States coinage, because if they do away
with the paper dollar in United States coinage, what happens
to all of these economies that really depend on those
paper coinages to do business.
Speaker 1 (38:46):
I would expect that at least twenty five years after
they stop making pennies.
Speaker 3 (38:51):
Yeah, maybe, because it's kind of that same thing.
Speaker 1 (38:53):
It's going to take an Act of Congress to get
it done, and uh, I don't think there's a lot
of interest.
Speaker 3 (38:59):
In doing it.
Speaker 1 (39:00):
So through the typical inertia of our government, I don't
think anything's gonna happen.
Speaker 3 (39:06):
Right, I would say in the next one hundred years,
is it a possibility, yes, in the next like ten years, no, No, no.
So that's my answer to that.
Speaker 1 (39:20):
Jack Riley. What's your favorite coin related book you own?
Mike and Matt uh So?
Speaker 3 (39:27):
Mine was the very very first edition of the Cherry
Pickers Guide that I got when I was gosh how
old was I fifteen or sixteen years old? And I
wore it out, wore it out, But yeah, that would
be mine. Well, as you can see, I've got just
a couple back here. Well, what's your favorite? Your favorite?
Speaker 1 (39:49):
I have to say that that my favorite currently are
the megareds okay, and I like them because they have
a lot of information in them and yet they're fresh
and they're different and they have you know, it's it's like,
as you can see, I'm you know, I'm putting together
a set of them so that you can you can
have an encyclopedia of coin knowledge.
Speaker 3 (40:11):
I like that. Oh it's like the Encyclopedia Britannic of
those guys used to walk around try to sell your parents.
Speaker 1 (40:17):
Or the the PCGS Guide to Grading and Counterfeit Detection.
Because I have worn out two copies.
Speaker 3 (40:23):
Of that book. You my guys in the office use
that book all time too, for for some of the
key daate stuff that they need to look at. So
another another highly recommended book, PCGS Counterfeit Detection Guide, Grading
and Counterfeit Detection Guide. We use it for the counterfeit part.
All right, buddy, all right? Else anything else here?
Speaker 1 (40:45):
So send us your ideas and things that you'd like
to see us do. If you have an idea for
a game, I still want to do the occasional quiz
game and other fun thing to Matt, so I'm sure
that that's going to be.
Speaker 3 (41:00):
Oh well, this gives you more opportunity to do the
things we just dropped off on me that the people
seem to love so much. I don't know why I
don't either. All Right, you ready to get your butt
kicked in the coolest thing? You know? We will see
what happens.
Speaker 1 (41:17):
So it's like I'm on a horrible streak because it
seems like the past like six or seven times you
have just absolutely annihilated me. And I keep bringing really
cool stuff. And this week I had to pick between
two really cool things, and I think I picked right.
Speaker 3 (41:38):
We'll find out you're ready him, I hit this button.
I think this is right. Well, and now for the
coolest thing to walk in?
Speaker 2 (41:45):
This week a competition segment between Matt and Mike to
see who's had the coolest thing walk into their shops.
Speaker 3 (41:53):
Who will win this episode?
Speaker 2 (41:55):
Let's find out, Matt Mike, who's got the coolest thing.
Speaker 3 (42:05):
First? I'll start first.
Speaker 1 (42:06):
Yeah, so before you do that really quick, Yes, thirty
six people in this in in our our show tonight,
six likes please hit the like.
Speaker 3 (42:18):
Oh yeah, just stop. Pause, let's pause. Okay, okay, thank you, Okay,
So I'm gonna start first. Uh, let me get this
brought up here I need to stop that one and
present a different one.
Speaker 1 (42:38):
This is where the behind the scenes stuff happens.
Speaker 3 (42:40):
This is where Matt hasn't done this in a month
and he forgets how to do things. That's okay, play okay,
boom boom. All right. So, uh, this came into my
office the other day, and believe it or not, this
was in a collection of watches. This was actually attached
(43:01):
to a fob of a watch. Now, for right off
the bat, it just looks like eighteen seventy seven s
trade dollar, which it is, but this coin has been
modified into a box dollar and something looked weird under
(43:22):
rim yep, and inside that box dollar. This is the
first time I've ever seen this in one of these,
and I've owned several of these over the years. Is
an actual photograph the four women, probably the family of
the man who owned this, or maybe this belonged to
one of those four sisters. You know, we just don't know.
That is lost to time. But that is not something
(43:48):
I expected to buy when I was buying a deal
of pocket watches. And oh but it does now suddenly
fit sure, yeah, certainly exactly. Hey, I at first when
I looked at it on the watch fob. I was like,
why the heck is this on there? And then I
turned it over and saw the little steamen. I was like,
I know the answer, and I mopped it a couple
(44:08):
of times and it popped open and here it is
so very cool piece. This is something they used to
do in the period. Basically, this was a way to
take a photograph with you very quick and easily that
you could keep with you. Sometimes they would put other
things in them, but in this particular case, this was
(44:28):
what was in it. So that was my coolest thing.
I hope you guys enjoy it. Mike, you're up? Are
you ready? Oh? I was born? Ready friend? Okay, because
you're a pottiot whale. Done? Oh okay.
Speaker 1 (44:41):
So I'm gonna tell you guys a little story because
this is really what happens. So we have some stuff
that walks into the shop pretty much every day. We
have to kind of look at it and evaluate it
and figure out what it is. Well, this note walked
in raw okay, and we looked at it and flipped
the other side again. So we looked at it and
(45:02):
we were like, okay, that that looks okay, and then
we flipped it back and.
Speaker 3 (45:07):
We said, okay, this has.
Speaker 1 (45:10):
Got a lot of overprint on it, and so it's
an offset printing error. The the the Federal Reserve notes
are overprinted four times and the first printing is always
the reverse. So this, you know, offset onto the next
you know, the next note underneath it.
Speaker 3 (45:28):
Let me tell you how this happened. I had this
explained to me the other day by my paper money guy,
who was a greater at PCGS for years. He explained
it to me as the following. So, these these things
happened when the machine is ran without paper. Basically it's
akin to a die clash, except it's okay. So the
(45:51):
reverse came up and touched the front, and then then
the next paper was running through it caused that ink
to then transfer onto the sheet. So that is how
he explained it to me, and it made a lot
of sense.
Speaker 1 (46:08):
No, it makes a lot of sense except for one thing.
So why did the ink only offset one on one plate?
Speaker 3 (46:17):
Because it was the that was the plate that they
were printing when they came together, see what I'm saying.
Speaker 1 (46:23):
So maybe the front plate was inked after they touched. No,
it couldn't happen that way. I know because it's like
I defer to him without questioning. He knows way more.
He's probably forgotten more than I know about currency. But
everything with these always have to make sense. And I
know that when they print these, you know, they print
(46:45):
one side at a time and they do four different printings.
The first side that gets printed is the reverse, it's
the back. And so if this was to offset onto
a blank sheet and then get run through the process
and print, that's.
Speaker 3 (47:01):
What this would look like. Yeah. I think that's exactly
what happened. I think that it was the process was
started without a piece of paper in there when they
were printing the bag, so the ink was there. It
came up, ran without the paper, and then got reset
and ran with the paper and transferred that over and
then it was printed again and again and came out
(47:21):
looking like this. Yeah.
Speaker 1 (47:23):
So I understand what you're saying though about the clash
mark is kind of what makes it different. So it
must have made an imprint into the the.
Speaker 3 (47:33):
The other plate. Well no, no, no, it doesn't really
be an imprint because they don't come together like like
coined eyes do it Basically, just they they touched, the
ink was left there and then in the next printing,
the ink was transferred to the pan. I'm definitely gonna
have to ask him to explain that one to me.
Speaker 1 (47:51):
Because I know and I'm not. Look I'm I'm not
beating it up over because I get it. But there's
got to be something that's missing from that.
Speaker 3 (48:02):
I don't know, man, I guess I'm not a paper expert.
I had to ask him to learn. Like I remember,
we were talking earlier about that learning something new every
day every day. That was the thing I learned the
other day.
Speaker 1 (48:14):
And this would not be the first time that I
have been absolutely wrong and been a fool, So I
got no problem with it.
Speaker 3 (48:21):
Well, there you go, guys. That's the coolest thing. As
you can see, we have Mike's super cool certified printing
air note, and we have the hot ladies inside the
trade dollar. If you guys want to vote on who
had the cooler thing, go on over to Friends of
the Coin Show. It's on Facebook. You can vote there.
Like I said, Mike's been just getting absolutely his butt
(48:44):
kick lately. Let's keep that up, you guys. Yeah what else?
Speaker 1 (48:52):
So that, I guess brings us to the end of
another action packed show. Yeah, yeah, No, I look, I
I was pent up.
Speaker 3 (49:02):
I really needed this. I needed the release. You know.
Speaker 1 (49:06):
It's like, oh, we definitely have a very nice turnout tonight.
Our new palatial studios are palacial.
Speaker 3 (49:14):
We're doing throwback. I went with. I put the old
the old coin background that we used to use way
back in the day. I put that back in the background.
I think we're gonna keep running with that because.
Speaker 1 (49:24):
I like that. It's old school, but it's cool. Yeah,
and if you if you enjoy what we do, please
like and subscribe. You know. It's like, I hate to
keep saying that, but it's Facebook and YouTube and that's
what they need. So you know, if you could drop
us alike and subscribe, we would really appreciate it.
Speaker 3 (49:40):
Uh.
Speaker 1 (49:41):
Speaking of appreciation, we want to thank Barry Swan the
unnamed Source for all his hard work tonight, justin Urban
who does a lot on the scenes. Ernesto Agilar. Let's see,
we've got Corey Scherer and.
Speaker 3 (49:59):
And there one more. Oh yeah, and Lenna, you forgot
your partner in crime.
Speaker 1 (50:04):
Oh I'm sorry, and Russ and Russ of course Rspega
for our club scene correspondent.
Speaker 3 (50:11):
And yeah it's got nice hair, Okay, it's got nice hair.
I don't know.
Speaker 1 (50:17):
Trust me, you're gonna be so glad when I retire
and he comes out and does this full time. Oh boy. Anyways,
so most of all, thank you for listening, because without you, guys,
this entire thing is just a pipe dream and doesn't happen.
So uh, please like share a subscribe, Uh, send us
your notes. Mikey cooinshow radio dot com, man at coinshow
(50:39):
radio dot com if you really want to answer, Mike
it coinshow radio dot com. And uh, let's see we've
got we've got to hang out next week Saturday. And uh,
I'm gonna try and have a game or a quiz.
I like it, So you guys know I like it.
Try to have a game of a quiz.
Speaker 3 (51:01):
We have a function in this studio to provide slides,
so if you guys make slides, we can run them.
Just saying, just saying, so that means that we can
have a pumpkin decorating contest on a Halloween. I don't
I'm not artistic whatsoever. No, no, no, it's just people
(51:21):
decorate them. Send us their slides. Boom.
Speaker 1 (51:25):
Okay, okay, okay, you to think outside the box with
this stuff.
Speaker 3 (51:29):
Damn, I'm picking up what you're putting down. I like it. Yeah,
I like it.
Speaker 1 (51:33):
And we missed you at the coin club meeting too,
paul How did that? How did that whole show go?
Speaker 3 (51:38):
In? Uh in uh in Oklahoma and Tulsa. Oh yeah, Paula,
Paula and her crew. They they did have a show
that they all go to. Uh So, if you guys
don't know Paula, Paula there is a member of Live
coin Q and A on YouTube. We love those guys,
they love us. It's it's a symbatic relationship. It really is.
(52:01):
Is great. They're good for us, we're good for them.
We're all friendly. But they they were all planning to
meet up at a show in Oklahoma, and it sounds
like it was a really good show. So there you go.
Speaker 1 (52:14):
So if you get a chance, check them out. Monday
nights seven p m. Central Time. That makes it eight Eastern.
Live coin Q and A also on YouTube. You can
check out their Facebook page at Q and A or
coin Q and A.
Speaker 3 (52:32):
All right, buddy, I'm gonna hit the button and play
video and say goodbye to the coin nerds. Good Bye
coin nerds, Bye coin Nerds.
Speaker 2 (52:43):
You've been listening to the coin Show podcast with Matt
Dinger and Mike Noteleman. The boys will be back soon
with another informative and entertaining episode. Meanwhile, you can follow
the show on social media at the coin Show on
Twitter and Instagram, and on Facebook at Facebook dot com
slash the Coinshow. You can also join their private group.
(53:04):
Just search Facebook groups for Friends of the coin Show
and request access. But if you want to take it
to the next level and support the Coinshow podcast, you
can go to www dot Patreon dot com slash the
coin Show. If you subscribe at the five dollars a
month level or hire, you'll have access to not the
coin Show podcasts on the off weeks, as well as
(53:27):
other surprises reserve for our patrons. Visit our website at
coinshowradio dot com or download our podcasts on Apple Podcasts, iHeartRadio, Spotify,
or wherever you download your podcasts. This has been the
Coinshow podcast
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Cardiac Cowboys
The heart was always off-limits to surgeons. Cutting into it spelled instant death for the patient. That is, until a ragtag group of doctors scattered across the Midwest and Texas decided to throw out the rule book. Working in makeshift laboratories and home garages, using medical devices made from scavenged machine parts and beer tubes, these men and women invented the field of open heart surgery. Odds are, someone you know is alive because of them. So why has history left them behind? Presented by Chris Pine, CARDIAC COWBOYS tells the gripping true story behind the birth of heart surgery, and the young, Greatest Generation doctors who made it happen. For years, they competed and feuded, racing to be the first, the best, and the most prolific. Some appeared on the cover of Time Magazine, operated on kings and advised presidents. Others ended up disgraced, penniless, and convicted of felonies. Together, they ignited a revolution in medicine, and changed the world.