February 16, 2025 • 51 mins
Join hosts Mike Nottelmann and Matt Dinger as they return with another episode of the #1 coin collecting podcast! Dive into the fascinating world of numismatics as our dynamic duo covers the news in numismatics, talks about some YUGE news, and checks out their coolest things. Whether you're a seasoned collector or just getting started, this episode promises to be an entertaining journey.
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Episode Transcript
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Speaker 1 (00:01):
This is the coin Show podcast, the show about coins
and coin collecting, and not just any show. This is
the number one coin collecting podcast going ten years strong.
Here's Matt Dinger and Mike Notleman on the coin Show Podcast.
Speaker 2 (00:22):
And welcome to episode two forty three of the coin
Show Podcast. I'm Mike and I'm mad and we have
probably one of the biggest news stories of the biggest
shows for you that we've had in a long time.
But before we get to that, you've got We've got
the news, and we are going to have I think,
an epic slugfest for coolest thing.
Speaker 3 (00:42):
It's you know, some of them WI lately have been
one sided or the other side of this one.
Speaker 2 (00:47):
It's gonna be a I usually don't know what you've brought, yes,
and this time I know, Yeah, budd, you always know
what I've brought. That's right.
Speaker 3 (00:57):
I always pick my first though, just to make it fair.
Speaker 2 (00:59):
Oh you're fair. I'm not saying that, but but yeah,
So so all that is coming up. But first, as always,
the news.
Speaker 3 (01:18):
Is it brought to us by The news.
Speaker 2 (01:20):
Is brought to us by hiccups. Nobody likes us, so
we're going to continue sticking up on you just because hiccups, what.
Speaker 3 (01:31):
Tiny stomach contractions, that's right, telling you you've eaten too
fast for let's.
Speaker 2 (01:35):
Carry the lead. The possible end of the lincolnsent is huge.
It's huge, huge, But it's my hope to detoy that
part of the story for just a couple of minutes.
We'll talk about it in depth right after the noons,
so as although none of us can remember it, this
would not be the first denomination that's ever been discontinued.
Speaker 3 (01:54):
We were talking about this in the office the other day.
We tried to name them all. I think we did
a pretty good job.
Speaker 2 (02:00):
Yeah, I mean, you got your half scent, your half dime,
two cent, three cents, silver dollar, right, all gold coins.
Speaker 3 (02:09):
You got your two and a half, your one, your
your one dollar gold piece you're two and a half
or five or ten all your gold Yeah, twenty piece.
Speaker 2 (02:19):
The twenty cent piece I missed. Good catch silver two
and three or silver three and and nickel three and
silver and uh two and all. Right, but.
Speaker 3 (02:32):
These are all things that were issued for a reason,
and then that reason kind of went away. So that
was why a lot of them were discontinued.
Speaker 2 (02:42):
Right, This is this, if you want to call it,
it's going to reduce sense to a rounding error, right,
because I mean that's pretty much was gonna see. Here's
the thing is a lot of times people go flying
off the handle about stuff without really either knowing what's
going on or or having having asked the right questions. Right.
(03:03):
So if you want to look at like, Canada is
a good place to look because they eliminated their set
thirteen years ago, right, but.
Speaker 3 (03:11):
So completely like totally is she going eliminated it?
Speaker 2 (03:16):
No, no, they eliminated it. But what they did was they
they instituted rounding. But it goes in both directions. And
the people that I've heard this week is well they're
you around everything. No they're not. No, it's like they
will round some up.
Speaker 3 (03:30):
The only thing that you're going to really notice is
things are not going to be nine to ninety nine anymore.
Speaker 2 (03:36):
Well, they're going to be. I think you're wrong because
at the end of the day, credit card transactions are
not going to change. So that's what I think is
really going on, is that in cash transactions there will
be rounding. But if you think about how many cash
(03:56):
transactions you make over the course of a day.
Speaker 3 (04:00):
Disagree with you. We'll talk about that here in a
little bit though, So.
Speaker 2 (04:02):
We'll talk about the gaping hole in our heart that
is the descent. If you are in the southeast US
and you want to see a fairly large show, the
ana's National Money Show is going to be in Atlanta
February twenty seventh through March first, last few weeks. Yeah,
and I will tell you that our very own ros
(04:23):
Bega is going to be giving him money talk. Oh
so he's going to be giving money talk on tales
from the counter. So he's going to be talking about
let's see, I got a list of it actually because
he I was asking him about it. He's going to
talk about there was a horse metal that came into
(04:45):
the shop that turned out to be unique. There was
a counterfeit quarter that Barry brought that we were able
to do the research on. And the Masonic calf that
was cool. That was really cool. So it's like and
these are just you know, bigger points to some of
the stuff today's going to have. So one if if
you'd like to meet Russ and you know he's a
(05:06):
fascinating and very good looking guy, go check him out.
Check out his Money talking Atlanta at the ANA show.
Go see him at the ANA show. Even if you
just want to bask in his roussness, that's you know. Yeah.
Speaker 3 (05:19):
I also talked to a couple other friends of the show.
I talked to Ben the coin geet the other day
and he's actually going to the show. So very interesting, cool,
very interesting. So I unfortunately don't get to go. We're
in the middle of a remodel slash expansion in my
office and bringing in new staff and expanding the store.
Speaker 2 (05:35):
I'm staying home to take care of that. I don't
really travel to a lot of shows. Somebody's got to
stay and watch the house. Yeah, you're good at that.
Whatever conservation recycling are themes wore some sixpence at the
Trial of the Picks. Okay, so the Trial of the Picks. Look,
it's it's a really cool tradition that's been going on
(05:56):
since the Middle Ages, right where they take the coin
of the realm in Britain and it's brought and it's tested,
and you know, the alleged threat of if it doesn't
make work out to par if it's not up to
the standard, then the money is going to get his
hands chopped off. You know, that's my favorite part of that,
Like that whole favor maybe why they keep it going.
But but there's really not a lot of that anymore.
(06:20):
But they they actually do all of the bullion coins
that they do nowadays to make sure as kind of
a ceremonial thing and then they get you know, they
get kind of the seal of approval and stuff like that.
It's a it's a good way of showing off what
people make. Yeah, I mean it's these coins are gonna
(06:43):
be made from recycled silver that is taken from old
photo negatives and from other recycled.
Speaker 3 (06:51):
Oh that's kind of cool. That first I think I've
heard of that where they've actually like made it made
it known that you're getting recycled silver, because i mean
a lot of silver does get recycled, and I'm sure
it ends up all over the place, you know, we
just never know about it.
Speaker 2 (07:04):
Yeah, this is gonna be made from silver recycle from
expired medical and industrial X ray films. That's pretty cool. Yeah. Look,
I'm I'm on board anytime you want to recycle stuff,
especially that kind of stuff. But it does make me
think about the blood bars. Yeah, yeah, that's true. Kind
of the same. I'm sure they have a much more.
Speaker 3 (07:28):
Safe way of doing it, right, Yes, I think I
think they've got to figure it out now.
Speaker 2 (07:34):
Oh shure. And speaking of things that have been done
for way too long now, the United States Mint has
announced the release of the final coin in the Platinum
Proof series, salvating five freedoms of the First Amendment. I
you know, I don't mind so much that they do
an exclusive reverse for proof coins, but I'm not sure
(07:59):
that the subject matter really relates to platinum. No, not
at all.
Speaker 3 (08:03):
I mean, they have the what it's not even a
charter ro it's just an oak tree on the back
of this one. And obviously that that heck a cool
looking eagle. I mean, yeah, yeah, yeah, right, yeah, It's
just that they're just making that coin because they're required to.
Speaker 2 (08:22):
Well, I mean, he's the thing is they're they're why
don't do you ever see anybody buying proof platinum. Non
numbers for these things are just minute, almost non existent,
and do they have to make them?
Speaker 3 (08:38):
I believe they are required to make these coins of billion.
Speaker 2 (08:42):
Yeah, they've got a huge premium on just the bullion
ones too. Platinum well, yeah, that's the thing. I mean
they they're kind of I mean, platinum itself has since
falling off.
Speaker 3 (08:52):
I mean it's under a thousand dollars an ounce, and
it's not just.
Speaker 2 (08:56):
It's crept back up to almost a thousand, it's like
ninety ninety something. Yeah, And when they first started this
Platinum Eagle program, they were cheap as well, but then
they went nuts in the middle of the program and
that was really drove the sales of them. And now
now we're back to kind of like ho Humsville when
it comes to platinum, with gold being the star and
silver being the star. And I don't know how anybody
(09:17):
can buy the gold eagles to prove gold eagles not
saying it well, I mean, if you're talking twenty nine
hundred dollars gold, they're gonna be charging like thirty two
hundred for a proof pounce.
Speaker 3 (09:26):
I know, maybe it'll make it for a littlemented jeer.
I mean hard to say. I don't that anybody's gonna
care all that much. But you know that's the one.
I guess the uh, the silver lining to that cloud.
Speaker 2 (09:42):
Let's see, here's what. The more I think about it,
the more I like it so well. I am not
a fan of these kind of coins. These coins were made,
you know, to celebrate the Beatles. These were literally Paul
McCartney's coins. So they gave him these coins, the British
Royal men in order you to kind of gain his, uh,
(10:02):
his endorsement. This is sir Paul uh a night of
the realm. My friend I said, these are Paul McCartney's,
so kbe okay? Are you okay with that? But anyway, so,
so these were the ones that were presented to Paul
and now he's selling them. So while I am not
(10:24):
a fan of these kind of coins, if you're going
to have a Paul McCartney coin, wouldn't you want to
have Paul McCartney's Paul McCartney coin.
Speaker 3 (10:33):
I agree, I think that that is the way to go. Yeah,
they're super cool looking too, I mean not that they're I.
Speaker 2 (10:42):
Think they're huge. Are the metals, I think they're just metals.
Yeah it's silver and yeah, well I don't know if
they're medals are coins?
Speaker 3 (10:49):
Now it says mine? Then the five color gram gold
piece stands of the largest proof gold coin ever produced
in the Men's Music Legend series, So I guess it's
a coin. Is it five kilo.
Speaker 2 (11:03):
Oh my god. Yeah, it's got a million in the
one point four million in gold in it.
Speaker 3 (11:11):
It's really that much, No, thirty two, it was stark
quarter million, thirty two point one five times five times,
that's one hundred and sixty ounces time, say twenty nine hundred.
That's four hundred and sixty six and seventy five dollars
per half a million dollars.
Speaker 2 (11:29):
Yeah, half a million dollars. Not what I said. No,
Oh sorry, my math was too fast.
Speaker 3 (11:36):
You're math and wrong.
Speaker 2 (11:41):
Math. No, but that's cool.
Speaker 3 (11:42):
I mean that that's that's a neat story. I think
those are interesting and it'll be interesting to see what
they bring. I wonder if it comes with like any
if he signed them or anything. I think the one
shows a signature, but I'm not sure if that's.
Speaker 2 (11:52):
Even the providence from the from the auction, you know
that these belonged to sir Paul. But cards sure interested
and interesting. All right, So let's see this is the
one that I really want to see the story from
because uh, Vaultbox just launched a new series. Oh yeah
(12:14):
they did. Yeah, I wasn't. I wasn't paying attention. So
the question I have for it, you know, is is
quite literally does it hurt the hobby more or help
the hobby more by kind of leaning into this uh
chase aspect of you know, collect collecting today, It's like
(12:37):
it doesn't seem to me, like like people collect things
in the same way that they did when I was young, right,
And can you say that this is just a new
method of collecting. Is that people you know, are looking
for the adrenaline, the rush, or the or the thrill
of opening up that that big money coin or.
Speaker 3 (12:56):
That's exactly what it is. It's the it's the thrill
of the hunt.
Speaker 2 (12:59):
It's the it's like scratching a lottery ticket or betting
on a horse, or sticking money in the slot machine
or throwing the dice. I mean, it's just the day.
It's really not going to damage the hobby though hard
to say. I don't know.
Speaker 3 (13:11):
I mean there are people out there that I know,
you know, we're getting addicted to things like gambling games
on whatnot. I mean, people are dropping tons of money
and this is a very similar thing. So yes, I
mean of our society right now, absolutely, yeah, yeah, I
think so. And you know, I I don't know, I
(13:31):
quit caring about that stuff.
Speaker 2 (13:33):
What are the big hits on this series? This is
what I wanted to see.
Speaker 3 (13:36):
I mean, I think they have Let's see the registered
her nineteen fifteen Panama Pacific fifty great Inducy sixty four,
So that's like one hundred grand. I mean, there's one
hundred thousand dollars coins that you could get in a
box that cost you about five hundred bucks. A thousand bucks.
Speaker 2 (13:51):
I don't know. I don't know what this bolt box
would ask. These I think are like I thought they
were way checker see here, I'm trying to trying to
see if they don't show us there issue price, but
I guess not, Nope, because so many of the people
who sell these sell these for the auction I'm talking
about just the original issue price from from the box,
(14:14):
I meane they value the pan pack a Hodered grant. Yeah. So,
but but from what I understand, and I think it was,
Chandler was saying that there's gonna be more chase this time,
which means that there's gotta be fewer hits, but the
hits are gonna be big, of course. Yeah, and that's
(14:35):
that's how Yeah. I don't want to get too far
into it. Well, so here's the thing, and it's like,
you know, here we get the back and forth. So
m love Most says the return on investment will always
be a big incentive in the coin hobby. Well, I
think you're mixing investment in hobby. Yeah, there's no investment here.
(14:56):
This is the game. This is gambling. Yeah, this is
like lottery tickets. Ye a, poll tabs are lottery tickets.
This is what you get. It's going into the bar
and taking a shot at pulling the thing out of
the Yeah.
Speaker 3 (15:11):
Yeah, that's what it is. And that's that's where we're
at in the industry right now, like it or not.
Speaker 2 (15:16):
Are While at first I was really really offended by
the whole idea. I didn't think it was a great idea.
I really have gotten to the point where it's like,
I don't think it's going to hurt the hobby ultimate Well,
I see. My thing is I think that this is
more indicative of the way that people are now and so,
(15:37):
but it's not the past oral hobby it used to be.
Speaker 3 (15:42):
Yeah, I get that, But do we want to popularize
the degenerate gambler.
Speaker 2 (15:47):
Attitude that a lot of people are we going to
stop it. I don't see why we would want to
foster that. But okay, well, I think that certain people
are leaning into it simply because there's a lot of money.
Speaker 3 (16:00):
Well yeah, I mean money, money drives. They wouldn't be
doing these things if they were profitable for them.
Speaker 2 (16:06):
Yeah. There's the question is at what point does it
become harmful?
Speaker 3 (16:12):
I mean, most people when they think, if you have
disposable income and you want to buy something like this,
good for you. Awesome, you know, just like anybody that
wants to buy a lottery ticket or anything like that,
good for you, good for you.
Speaker 2 (16:22):
Well, I mean if you're saying that yours dollar pan
pack is never going to be in your budget, but
you can take a couple of shots that go for it.
Speaker 3 (16:29):
I hope you win, but don't count on it.
Speaker 2 (16:34):
Oh and only one person is going.
Speaker 3 (16:36):
To Yeah, I mean a lot of people get I mean,
this is not a this is not a forever system either.
This is a finite amount of times that people are
going to get nothing or get skunked on these boxes
before they're done. And I think we're starting to see
that now, you know, maybe not, we'll see see.
Speaker 2 (16:53):
I don't know if it's me and my exposure to
gamblers over the years. But in my world, gamblers take
loss way better than that. They're like, you know, the
fact that they have anything when they're done is way
better than having nothing. So I think even you know,
in these chase aspects, it's like they're just playing and
(17:15):
they're having fun playing and at the end of the
day they really don't care what they have. Well, that's dumb,
it is, that's that's dumb.
Speaker 3 (17:24):
I mean, you know what we did. We we covered
them when they first came out because they were new
in novel and now it's like, Okay, we get it.
We got it, you know, yeah, we got it. So
I don't know, I don't know. That's where we're at.
That's where I don't They're not necessarily sure we agree
on that, but that's how this works.
Speaker 2 (17:41):
That is how this works. I love that. And finally,
in the news, if you enjoy our coverage of Jack
Young and the work that he does identifying counterfeit coins.
But you say, Mike, where can I find more on
Jack and his work? Jack has a fairly new blood
if I recall, correct permanent home for his articles and
(18:02):
projects now and it's on proxy blog so I would
invite you to go there and keep up with Jack
and his work as it continues, because, uh, you know,
we've we've really loved his project with eBay has stopped
listening to him. He's it's like he should have been
They should have hired him, you know, and just let
(18:25):
him pull pull auctions or giving him some sort of
authority to just do that.
Speaker 3 (18:30):
Want to do that.
Speaker 2 (18:31):
They've decided to just stop listening to him. Why would
they want to do that and protect people? Geez, well
they cost money, right. So so now Jack has moved
over to proxy blog, uh, and he does a lot
of his stuff there. I wanted to give it a
plug because I thought his work is worthwhile and it's
really good. But let's look at this new one. Jack
(18:56):
came up with a counterfeit, the eight piece dollar and
a really funky PCs holder. Yeah, I'd like to play
Liar's Poker with that with that slab, right, certain numbers crazy,
But I mean the coin itself from this far away,
does it look terrible As far as counterfeits go.
Speaker 3 (19:17):
It looks better than the average counterfeits we see in
these The thing that really stands out to me is
the holder, the font, the size coleration. Uh, does not
look anywhere near correct.
Speaker 2 (19:28):
What they call an arm's length jem, Yeah, pretty much,
I mean not even. Well, the slab looks wrong. The
coin actually looks better than the slab.
Speaker 3 (19:39):
Correct normally the other way around. Normally the slab decent
in the coins garbage.
Speaker 2 (19:43):
But oh it's quite Actually it looks like a really
good counterfeit. Yeah.
Speaker 3 (19:48):
Uh, so then he shows us the original what the
what the original coin with that certain number is supposed
to look like? And obviously we can tell that this
is not that. And let's see the online certification barcode
reader looks like it brought up maybe the right barcode.
(20:10):
Let me see here, let's see what Jack says. Yeah, okay,
the coin was purchased on the eBay, it looks like
because of course it was, of course. And then he
found where the original source coin came from, Ali Express,
(20:30):
where they sell them for one hundred and twenty eight
dollars apiece. Right, coin that is worth thousands if.
Speaker 2 (20:39):
It were genuine. Right, that doesn't say deception, I don't
know what does. So you're really hurt bad?
Speaker 3 (20:46):
Right, it looks like he found another one same holder
same number, same number, different coin. So it looks like they're,
you know, trying to get better at making.
Speaker 2 (21:04):
These as they they seemingly are.
Speaker 3 (21:07):
Yeah, and again it comes from it comes to an
e packet from China, because.
Speaker 2 (21:12):
Of course it does. That's how these things work. Yes,
absolutely nuts.
Speaker 3 (21:20):
So you can see what you get it's supposed to
get on the top, and you see what you actually
get on the bottom. Now in his bottom picture, the
coin looks a lot faker, a lot more fake, sorry, faker,
a lot more fake than it's supposed to because that
coin in this picture is terrible.
Speaker 2 (21:35):
Yeah, no, that looks awful. And for it to be
a sixty five plus.
Speaker 3 (21:40):
Holder, Yeah, it's funny. You know what's really funny. I
think up here earlier when we were looking that they
just took their garbage label.
Speaker 2 (21:49):
Yeah they did.
Speaker 3 (21:50):
I think because this coin we were saying, how good
this coin looks. Yeah, I would not be surprised if
that was a genuine coin, that's.
Speaker 2 (21:56):
A real coin. Yeah, because it looks really good.
Speaker 3 (21:58):
Yeah, they put their garbage label like photoshopping on the holder. Wow,
don't do anything to make a few bucks. It is
insane what we are up against right now.
Speaker 2 (22:09):
H yuck. So anyway, so that's the news, and the
news tonight was brought to us by hiccups. They might listen. Sorry,
go ahead, nobody likes us, so we're going to continue
staking up on you just because hiccups. Don't over step
on the sponsor.
Speaker 3 (22:26):
I'm sorry, sponsor, Hiccup Company, Hiccup Corporation.
Speaker 2 (22:30):
Hic Cups. Man, they're gonna come after you. We have
a couple, we have a couple of new guests that
have walked in their Frostbite coins.
Speaker 3 (22:36):
Well fresh Bite said they are listening to Jack and
they might be, you know, like the Chinese might be
the people that are making the face.
Speaker 2 (22:43):
Means is the people that are that are you know,
they're they're listening to him for tips on what the
problem with their product is.
Speaker 3 (22:52):
And I'm sure he does not report on everything that
he knows about this stuff. You got to keep some stuff,
got to keep some stuff under the cuff because you
can't give him everything and then they'll fix it.
Speaker 2 (23:01):
So well, it's like when the Bureau of Engraving and
Printing puts out a new bill. Yep, they don't tell
you everything.
Speaker 3 (23:07):
That don't tell you where the magnetic ink is it's there.
They don't tell you where.
Speaker 2 (23:13):
Get that neodymium magneta won't that's right, So.
Speaker 3 (23:19):
You want to really address this elephant that was in
the room.
Speaker 2 (23:21):
Now, yeah, I think now is the time. Now is
the time.
Speaker 3 (23:26):
So what do you think about this whole situation with
them stop not because they did not end the forever.
Speaker 2 (23:32):
Let's draw out what the facts are in this case.
The facts of the case are this. President Trump has
requested that the United States meant stop producing pennies period,
stop making them. That's what he's asked. Now is it
within his constitutional authority? We don't know is going to happen.
Still don't know. All of this stuff will be seen.
(23:55):
As far as twenty twenty five production. January, they made
two hundred and fifty million pennies already, so right, they're
not going to be rare. I don't care what happens.
You know, they already made more more cents in this
year than they made nickels last year.
Speaker 3 (24:11):
Well yeah, and you know what, though, I have to
show you something here because just because I can. But
if you just happen to do a quick little search
on eBay for twenty twenty five cents, they're going nuts.
Speaker 2 (24:29):
Oh they are, Yeah, they're going nuts. Come out.
Speaker 3 (24:33):
Well, look, here's a role of twenty twenty five d's
for one hundred and seventy nine dollars. I mean, that's
just nothing but speculator and looking sold.
Speaker 2 (24:42):
Let's see what some of them sold for. Let's just
take a look and see if anybody's even paying these prices,
because I'll bet you they are.
Speaker 3 (24:50):
There's somebody that paid three dollars and twenty nine cents
for a twenty twenty five cents. I don't see too
many common.
Speaker 2 (25:01):
Census proving.
Speaker 3 (25:04):
Three auction, three rolls of sense two hundred and forty
two dollars and fifty cents.
Speaker 2 (25:10):
That's insane.
Speaker 3 (25:12):
So people are speculating. People think, oh ope, these are
going to be rare. This is going to be a thing.
It's coming.
Speaker 2 (25:19):
So anyways, there you go. I just want to put
so those are the facts of it. Now it's like,
now the debate comes, do we you know is America
ready for this? Well?
Speaker 3 (25:31):
Maybe, but you got to think about it. So I
have a couple thoughts about this, and I think this
is how it's going to happen, and how it's going
to happen. Legally where they don't have to get congressional approval.
Speaker 2 (25:41):
I think they're.
Speaker 3 (25:42):
Going to become very much like the Kennedy half dollars,
where they're made four collectors. They might get sold from
the mint enrolled maybe, and they'll still be in the
proof sets. But as far as production for circulation, no more, I.
Speaker 2 (25:57):
Think FC yeah, right, not intended for circulation, right.
Speaker 3 (26:02):
I think that's where we're at.
Speaker 2 (26:05):
And then at some point in the future it becomes
easier to shoot the horse because.
Speaker 3 (26:09):
I think you can. I think you can say, okay,
well they're mandated to be minted, perfect, well, we're gonna
ment them for this and this and this and that's it.
And so that stopped the congressional approval to stop them forever.
But they can get away with not making them. And
I think that's where we're at. I think that's what
we're going to see.
Speaker 2 (26:27):
I don't think there's any huge lobby that's saying no, no,
give us backer. You know, I don't think that's happening.
Oh yeah, No.
Speaker 3 (26:33):
The the A and A is not banging down the
door of the White House saying you are stt making
these pennies again.
Speaker 2 (26:38):
It's not happening.
Speaker 3 (26:39):
But you know, it's kind of a sad day for
us coin nerds, like like we're coin weenies. We like
this stuff. So I don't know what about penny slots.
Speaker 2 (26:49):
Of course Caboy's checking in.
Speaker 3 (26:51):
Yeah, he's brought box Bundy.
Speaker 2 (26:56):
No, but I mean that's so. I mean at the
end of the day, if you mean any other way though,
like oh no, because it's like maybe this finally kicks
start some change to help us at least cut back
on since we've.
Speaker 3 (27:16):
Been reporting for years how much senior edge they lose
on these times. It's not a new thing.
Speaker 2 (27:22):
And dollar bills, but I think it all has to
start someplace. So the least amount of pain is in
the scent.
Speaker 3 (27:32):
Yeah, and I mean obviously the nickels next, because they
they bring you know, it's the same thing. They cost
more to produce than they actually you know, their face value.
I think they're just going through everything right now with
a fine tooth comb saying okay, where are we wasting money?
And you know these are just.
Speaker 2 (27:49):
Yeah, so and and not necessarily true. You know, if
you just meant more dimes, you're you're going for a
dollar amount, not not a not filling in order.
Speaker 3 (28:08):
I don't know. You know, it's one of those things
that you know, everybody's been saying. And funny is people
are really divided about this. A lot of people are like, oh, yeah, yeah,
you know, that's I think it's not a bad idea.
We should get rid of the penny candidate, and they're
just fine, look at them. And then you have other
people that are like, oh, well, you know, I think
we need pain. Maybe they're just going to make it
out of some other thing and they're gonna I know that,
(28:32):
but maybe they're going to revamp them and make them
do something else, or you know, it's it's hard to say.
And look, are welser to being able to melt copper pennies?
Speaker 2 (28:42):
Yes? I think we are. I think I have wrong
said that very simply. If you're really going to be
efficient about it, and you're going to keep the scent
cheaper than minting them, is to recall them at banks
and pay one and a half, have sense for them
out of the woodwork, and people will dump them, dump them,
(29:05):
dump them, and then you'll have all the sense that
you need butt for a while. Yeah, but you know what,
I think that that's the first step. That's that's what
you're really doing, is you do that so that you
draw them all out.
Speaker 3 (29:18):
And a lot of countries just continue. And I think
a lot of people are kind of kind of a
little leery as well, because a lot of countries use
things like this to kind of knock a zero off
of their off of their monetary system to kind of,
you know, keep up with inflation and and kind of
curb inflation a little bit. And so I think a
lot of people are kind of looking at us getting
(29:39):
rid of our smallest denomination that everything is based on,
as us potentially knocking off that zero off the end.
And I try to say, but some people look at
it like that as well.
Speaker 2 (29:52):
So well, I mean, if you look at it from
an inflationary standpoint, right, that's what people are worried about.
Is if we lose an order of magnitude, everything's going
to go up by an order of magnitude.
Speaker 3 (30:02):
That's what people are worried about it. I mean, they
may not be wrong, they may not be right either.
Speaker 2 (30:06):
But.
Speaker 3 (30:08):
You know, it's a there's a lot of different moving
parts here that I am not nearly smart enough to understand.
I'm a coin guy.
Speaker 2 (30:16):
I like, I'm sure a bunch of your question, Paul,
as far as who's los you, I mean, are you
talking about why they would stop making the set? Is Yeah,
taxpayers are putting the bill for making something that costs
more than it does, more than it's worth. But at
the same time, if you produce them not for circulation,
(30:36):
you can charge whatever you want for the roles. Look
at the women on quarters.
Speaker 3 (30:41):
Yeah right, yeah, I mean, the find a way to
make them profitable if it's possible, and I think that's
the way to do it. They'll sell rolls, be you
rolled at fifteen bucks for ten bucks whatever it is,
for fifty cents of coins, and then they'll sell the
proof sets and the mint sets and that'll be how
you get them.
Speaker 2 (30:58):
No. I also don't think that this is the signal
of a move to one hundred percent digital, because there
will always be a use for cash. I don't think
that that that's what's going to happen. I actually think
that we do so many transactions digitally, Like I said,
it's like, you know, you're just get to use a
credit card and it's going to go by the penny anyway, right,
(31:19):
you know, those are digital sense trust me, they're not
going to give up on anything and make some money.
Speaker 3 (31:25):
Well, Paul says, you know, the government does not fund them, man,
And yes, yes, you're You're right in a way. But
the problem is the MINT is part of the government,
so technically they.
Speaker 2 (31:33):
Do, and the profit that the mint makes goes back
to the government. So anytime they lose profit on purpose,
they're losing money.
Speaker 3 (31:43):
Right exactly, they don't necessarily find the man. The man
is self sufficient, but yeah, it it definitely goes the
other way. They're looking at something they're missing out on.
Speaker 2 (31:51):
I get it.
Speaker 3 (31:52):
So it's hard to say. It's really interesting. I was
I was watching the Super Bowl when that happens, and
I just have to look down at my phone and
saw that that news story come through and it was
really interesting, and yeah, so here we are. It's a
weird time in coins, it's a weird time in the world.
Speaker 2 (32:12):
But yes, no, it's it's it's definitely, but look, there's
there is enough to lose your mind about going on
right now. Right The scent is not really it. It's it's
the story that people.
Speaker 3 (32:28):
If us if us fretting about losing the scent is
the worst thing that happens to us right now, you
know whatever.
Speaker 2 (32:36):
And and Paula only a part good, No, actually all
the profit from the mid is over there, operating expenses
is turned over. Yep. So very interesting, it says, I
(32:56):
think people are making too big a deal out of it.
And that's what I I was trying to do with
this discussion was narrow it back down to look what
are the facts, because people are injecting the politics into
it and then they're making the discussion. And I think
that if you take the politics out of it and
you just look at the facts of what's going on,
(33:17):
that you can have a much more intelligent conversation about it. Because,
to be honest with you, look, I'm.
Speaker 3 (33:24):
Friend, this show is nothing but intelligent conversations. I don't
know what you're talking about, except for the part that
I do. Yeah, well, yeah, I mean, but whatever. But
you know, it's just really interesting to hear everybody's thoughts
on it. You know, I have my own thoughts. I've
been We've been hearing it in the Queen Shop all week.
Speaker 2 (33:41):
I'm sure you have to.
Speaker 3 (33:44):
It's it's very interesting to see what the next question is,
what's that going to do to sense? Themselves as a collectible.
You know, is it going to cause the other sense
to increase? Did your SVDB just go up twenty percent?
I mean, what are we looking at here?
Speaker 2 (33:58):
Okay, so let me let me pine on this really quick.
Is it going to lessen the number of rolls of
nineteen fifty zero memorial sets and wheat packs? No, I
don't think it's going to have an impact.
Speaker 3 (34:12):
Then yeah, it's hard to say. But if the program
guys get a hold with me too. But if the
program guys get ahold of it and start putting out
all sorts of different sensets, they're going to need more
sense and guess what that means they'll have to pay
more for them, So that means that the prices will
go up. So it's hard to say what we're looking at.
I think it's going to be a little while before
(34:32):
that trickles down while the program guys get their act
together and see what they want to market. And also,
you know, as the news breaks, if this is actually
going to be the end of the cent or if
it's just a temporary thing.
Speaker 2 (34:43):
I mean, we don't know. Call me old a year old,
and call me jaded. You're jaded I am, but I
don't think it's going to happen in my lifetime, and
to be honest with you, it may not happen in yours. Yeah.
Try to say all these things like hair on fire
at the time and then they take forever.
Speaker 3 (35:06):
But this is, like, I mean, this is pretty big
news just for simply coins sake, because you know, it's
the last major coin change we had was when like
when was the last time we either brought out a
really new.
Speaker 2 (35:21):
Sixty five or took away over out of the coinage.
That's it, because they weren't even sure if people were
going to accept clad coinage.
Speaker 3 (35:31):
I mean, we fiddled around with the with the the
dollar coin a couple times, with the Susan B. Anthony's
and the eyes and howers and the presidentials and the changes. Well,
I was talking about denomination, like a new denomination. You know,
in the seventies they came out with the Ike dollars
that was a new denom because they had stopped them.
They had stopped them way back in thirty five. Uh,
(35:52):
and then in seventies they decided, you know what, we're
going to bring another one out for circulation. We need
this coin so that that was probably the last change
I think of, you know, was the early seventies with
the advent of the ike dollar, or maybe the two
dollar bill in Casey's coin guy says two dollar bill.
Speaker 2 (36:08):
Again, Well, I mean that's all the nineteen seventies. It's
all right in the same area. And it's because if
it got handcuffed after the mid act of sixty four,
right years where there's no mint marks on any coins.
Speaker 3 (36:22):
I was just saying that, you know, people, people are like, well,
it's not that big of a deal, but it kind
of is, because this is really the first monetary change
that we've had since the early seventies. That's the only
reason that I make making anything of it is because
if you look at it that way, it's kind of a.
Speaker 2 (36:39):
Big deal, is it the thing? Yeah, So I don't know.
I think that that the bigger change came in sixty five,
and that's just because, like I said, when you're not sure,
if people aren't even going to accept the currency that really,
I mean to the point where they made side by
side silver and clad coinage for a year and a
(37:00):
half just.
Speaker 3 (37:02):
To be doubly sure that they were actually gonna fly.
Speaker 2 (37:04):
Yeah.
Speaker 3 (37:06):
Well, interesting conversation.
Speaker 2 (37:08):
Thank you guys so much for hanging out and giving
us in your insight. I think that's really cool and
I think this is a really good point. People who
aren't coin collectors are talking about coins, and that is
good for that that is true. They are starting to
look at their pennies. So that. We had a student
from depaula journalism student come in this week and you know,
(37:29):
wanted to ask us about stuff like that and what
we thought it was going to happen, and you know,
it's it. Look, there's no shortage of opinions on what
kind of impact it's going to have, but nobody's got Well,
I do have a crystal ball. It's back there, but
it doesn't really work. That's funny.
Speaker 3 (37:48):
Well, friend, are you ready to get well? Hold on,
I gotta get this set up.
Speaker 2 (37:52):
I was gonna say, I don't think that's the way
it's gonna work out, but well, I wasn't finished. Hold
on here, Okay, I think we're good. Okay, are you
guys ready for a brawl?
Speaker 3 (38:06):
Friend? Are you ready to have a knockout, drag out,
knockdown whatever fight we're getting ready to have with these
awesome coins that we're.
Speaker 2 (38:14):
Bringing if it's about coins.
Speaker 3 (38:16):
Absolutely all right, Well, let me get yours pulled up
here you can start. Yeah, uh oh yeah, I got.
Speaker 2 (38:27):
Hold on this one.
Speaker 3 (38:30):
No, this one, and yeah, okay there it is all right,
we'll start this one over all right.
Speaker 2 (38:36):
I love this.
Speaker 3 (38:37):
I love it that we're editing, and now we can
go back and do this. It's the best. All right, buddy,
are you ready for this? I'm gonna take you down
maybe maybe?
Speaker 2 (38:48):
All right.
Speaker 3 (38:49):
Time for a coolest thing.
Speaker 1 (38:51):
And now for the coolest thing to walk in? This
week a competition segment between Matt and Mike to see
who's had the coolest thing.
Speaker 2 (38:59):
Walk into the shops. Who'll win this episode?
Speaker 1 (39:03):
Let's find out, Matt Mike, who's got the coolest thing?
Speaker 2 (39:13):
Okay, So one of the I think real advantages to
working in the shop that I do is that we
have all kinds of experts and all kinds of people. Yeah,
so that does give me a really really wide variety
of stuff to choose from. This is pretty cool. It's
(39:37):
really cool. This is a Henry the eighth one sov
from somewhere between fifteen forty four and fifteen forty seven. Christ,
This is Enery the eighth I am, and I mean
just the the condition of the coin. It's you know,
(39:58):
it's AU fifty five. This is it's about the size
of a silver dollar and it weighs less than half
an outs twelve point eight grams, yep, less than a
half an out, So it's it's not like a really
impressive coin, but from that day this was a huge coin.
(40:19):
And uh just I mean, come on, think about the
history of this. Is Henry the eighth.
Speaker 3 (40:25):
Yeah, that's pretty pretty awesome. I like the coin too.
It's got him sitting on the crown with the royal
I think it's a crown there next to him, or
maybe a scepter or something, all sorts of fun royal implements.
Speaker 2 (40:36):
There on the back of it.
Speaker 3 (40:37):
You have the shield, and you have that awesome griffin
on the right hand side that think's cool. And then
you got a weird, kind of emaciated looking lion. Not
quite as cool as that cool griffin, but you know,
I forg pretty cool.
Speaker 2 (40:52):
He's a bad word or something like that. That's a
pretty cool coin that it's about as cool as it gets.
Speaker 3 (41:01):
Yep, almost as cool as what I brought, says you. Yeah,
if you guys been paying attention to my socials and
the socials for the show. I made a little short
about this piece that walked into my shop, and I
just wanted to talk about it a little more, if
that stinking cool.
Speaker 2 (41:15):
One second, because we had one question, David Donny. You
asked what would be the comparable spending power of that coin?
It's one sovereign, So a sovereign was a lot of
money back then. It was like a week's salary. I mean,
I'm honestly, I can't speak to exactly during that time
(41:36):
period what it was worth, but I do know that
it was a very large amount of money. Yeah, that
was you would find on the average person.
Speaker 3 (41:46):
All right, So what I brought was this set of
wooden metals. Now you say woulden and I say, yes,
these are nickels. Yeah, no, these aren't wooden nickel. But
these are from the eighteen seventy six Expo, and these
are a complete set of the wooden metals that were
issued during the show. You could buy the set and
(42:07):
they are made from pressed wood. Now you say pressed wood.
How the heck did they do that? Well, they took
these pucks of wood and they put them in boiling
water until they got nice and soft, and then they
would actually used eyes just like they were striking a
coin or a metal, and they would press the wood.
So they're pressed wood tokens. They're made from a hardwood.
It looks like I'm not quite sure which, but they
(42:29):
have you know, different things from the eighteen seventy six
XPO on them.
Speaker 2 (42:34):
Uh.
Speaker 3 (42:34):
And the coolest part is the original box. I have
had these metals individually, I don't maybe not all of them,
but I've had several of them. I have never ever
seen the original box for these things. This is the
first one I've ever even seen, let alone owned.
Speaker 2 (42:48):
What's the working man? Is it cardboard or is it? Yeah,
it's a cardboard.
Speaker 3 (42:53):
The box is all cardboard, and this one is in
being held together with a little bit of tape. But
you know what, again, I've never small I've never even
seen another one. So imagine that, you know, it has
all the different holes that they have the metals for
their just an absolutely freaking cool piece of stuff. I
thought you guys would like to see it. I was
happy to buy it.
Speaker 2 (43:14):
Where was this exhibition?
Speaker 3 (43:16):
Philadelphia? Okay, in Philadelphia, Pennsylvania.
Speaker 2 (43:19):
So Tenny Alexa's exhibition yep. And it was a I
don't know if it was a World's fair. I don't
know if they call it the World's fair. They call it, Yeah,
this was a centennial expo.
Speaker 3 (43:32):
Yeah. And the fact that this thing even survives. You
have something that normally points and metals aren't made out of,
which is would, which is you know, fragile enough on
its own. And then the stinking box is made out
of cardboard and it was made in eighteen seventy six.
So yeah, I thought it was cool. That's why I
said this is going to be a knock out, dragged
down battle because both of these things are freaking cool.
Speaker 2 (43:55):
I will tell you this is this is impressive. These
are very very cool, and the way that they're made
just you know, the uniqueness of it. I have to
give you props. They're very very neat. Yes. So now
we're going to find out what everybody else thinks, and
we will go to our friends of the coin Show
podcast where the unnamed source will post a poll. Yep,
(44:18):
and you guys could vote for one or both, vote
for vo for both. You found that out, so, uh,
you know, I'm from Chicago. Vote early, vote often, v often.
Speaker 3 (44:31):
Vote after your dead. That's right, that's right.
Speaker 2 (44:35):
Uh So that puts a very nice bow on episode
two forty three. Amazing, isn't it. Yeah, yeah, it really is.
We're closing it on two fifty Yeah, semi Quinn Centennial.
We're going to get there before the country does so,
I think so maybe yeah, no, we will. We might
(44:59):
get the July yeah wow cool. Yeah, so do an
outdoor episode that would be very cool. Barbecue and fireworks, yeah, drones. Yeah,
we'll have to get we may have to get together.
We'll do it in the summer. We may have to
like get together and actually do the episode together. Okay, somewhere.
(45:20):
But so if you're if you're gonna be in Atlanta,
check out Ross at the a n A National Money Show.
If you're going to be in Baltimore, we'll be there.
We will be there. We will be at the Baltimore
Whitman Expo, uh next month in March, and we're going
(45:40):
to be there for the whole show. So stop I
see us. You know, it's like say hi and show
you know, because that's what people like to do. We're
cooking some fun stuff. Yeah. We do need some requests
for interviews though, So if there are people that you
guys want us to talk to, just you know, send
us a note and tell us who you'd like us,
(46:01):
or you can comment in the you know, in the
comments who you'd like to see on it, because you know,
we we last time we were there, it's like we
hit a lot of the big names. One we might
get one of those guys a year, and we got
six of them in three days. So now when you
take the Hall of Fame off of you know, your
(46:22):
wish list, it's like, Okay, there's still lots of people
who talk to the great recommendation job Bobguart. There you go, there,
you go.
Speaker 3 (46:30):
See you guys, send those you send them here, send
them to our emails, post them in the social group,
you know, whatever, whatever you guys want to do, We
would be happy to try to acquiesce to any of
those requests and talk to these awesome people. So we
could definitely try to get content with those guys.
Speaker 2 (46:47):
So, yeah, I'd like to get somebody like David McCarthy on.
You know, he's from San Francisco, so he generally is
not gonna be a Baltimore Yeah, you know, it's like
it's always cool to see who we can get and
I love meeting new people and I'm not shy. I'll
walk right up to them.
Speaker 3 (47:02):
You're gonna be there. I know. Last time we were there,
I remember somebody saying that they didn't want to come
up to us because they were they were shy, or
we were doing come say hi.
Speaker 2 (47:14):
I don't think Bill Fiva No, I don't think that's
gonna happen. Eric. Sorry. So on that note, we'd like
to thank everybody who showed up, the five people that
liked us out of the out of the forty that
(47:35):
like the teaming ten. Thank you, we love you, We
love everybody. But thanks for coming. Thank you to all
the people that help us help put this together. Thanks
to Justin, Thanks to to Berry and to Corey, and
to uh Ernesto and to Russ and to Leanna and
just everybody in our in our you know, in our
(47:56):
orbit that works really really hard to help us put together. Uh,
if you get a chance, frost Bite Coins has a
really cool chat show on Saturdays and Sunday mornings. You
should check in on what he does. It's always really cool.
He does roll honting, he does a lot of other things. Uh.
He's been having paul On from Live coin Q and
(48:18):
A there they're around and uh and uh, I think
that's pretty much what I got, all right, buddy. Well,
oh and don't forget after this, go hang out and
whatnot at Tea and silver Seckers. Uh, just go it,
put like and put another forty people in his it
(48:39):
is whatnot and watch it just bike. Yeah, and then
when he when he says, wow, we're really then just
say Coin Show podcast or say Matt Matt loves you.
Speaker 3 (48:49):
Yeah, that love you, Matt loves you. Love love Matt.
Speaker 2 (48:53):
Bye. All right, guys, thank you all for listening. Thank
you Matt. You know it's like you make and uh
the stuff that you do. Thank you for listening. Uh,
we appreciate you. Check us out on social media and
join us. What two weeks next week, we're looking at
(49:13):
two weeks, We're look at two weeks. Okay, join us
two weeks. We're probably gonna do a hangout and uh,
if you have any more commentary about the scent, feel
free to drop us a line. We will definitely, uh,
we'll definitely address it. We'll do it. Love you for
that show. I'm Mike and I'm mad and we'll talk
(49:37):
to you next time on the Coin Show podcast.
Speaker 4 (49:45):
I know as funny as well.
Speaker 2 (49:49):
Thet's song against Agether.
Speaker 4 (49:51):
We'll sing louder than we've ever This is it forever
forever Sunday, because we got some model. This isn't forever.
Speaker 2 (50:13):
What was singing nor song? We forget that same day?
Speaker 4 (50:19):
Is that its purpose?
Speaker 2 (50:21):
It's the worthiest thing we do.
Speaker 4 (50:29):
This is it forever forever Sunday. We've got some marrock.
This isn't forever forever for refer sunnight. We've got some more.
Speaker 2 (50:59):
Shot.
Speaker 4 (51:01):
This is his breath.
Speaker 2 (51:05):
This isn't the end.
Speaker 4 (51:08):
Until next time.
Speaker 2 (51:11):
It's still next time, until next time. This isn't the end.
Speaker 4 (51:43):
It's still last time, until last time. I'm still be
time
This is the coin Show podcast, the show about coins
and coin collecting, and not just any show. This is
the number one coin collecting podcast going ten years strong.
Here's Matt Dinger and Mike Notleman on the coin Show Podcast.
Speaker 2 (00:22):
And welcome to episode two forty three of the coin
Show Podcast. I'm Mike and I'm mad and we have
probably one of the biggest news stories of the biggest
shows for you that we've had in a long time.
But before we get to that, you've got We've got
the news, and we are going to have I think,
an epic slugfest for coolest thing.
Speaker 3 (00:42):
It's you know, some of them WI lately have been
one sided or the other side of this one.
Speaker 2 (00:47):
It's gonna be a I usually don't know what you've brought, yes,
and this time I know, Yeah, budd, you always know
what I've brought. That's right.
Speaker 3 (00:57):
I always pick my first though, just to make it fair.
Speaker 2 (00:59):
Oh you're fair. I'm not saying that, but but yeah,
So so all that is coming up. But first, as always,
the news.
Speaker 3 (01:18):
Is it brought to us by The news.
Speaker 2 (01:20):
Is brought to us by hiccups. Nobody likes us, so
we're going to continue sticking up on you just because hiccups, what.
Speaker 3 (01:31):
Tiny stomach contractions, that's right, telling you you've eaten too
fast for let's.
Speaker 2 (01:35):
Carry the lead. The possible end of the lincolnsent is huge.
It's huge, huge, But it's my hope to detoy that
part of the story for just a couple of minutes.
We'll talk about it in depth right after the noons,
so as although none of us can remember it, this
would not be the first denomination that's ever been discontinued.
Speaker 3 (01:54):
We were talking about this in the office the other day.
We tried to name them all. I think we did
a pretty good job.
Speaker 2 (02:00):
Yeah, I mean, you got your half scent, your half dime,
two cent, three cents, silver dollar, right, all gold coins.
Speaker 3 (02:09):
You got your two and a half, your one, your
your one dollar gold piece you're two and a half
or five or ten all your gold Yeah, twenty piece.
Speaker 2 (02:19):
The twenty cent piece I missed. Good catch silver two
and three or silver three and and nickel three and
silver and uh two and all. Right, but.
Speaker 3 (02:32):
These are all things that were issued for a reason,
and then that reason kind of went away. So that
was why a lot of them were discontinued.
Speaker 2 (02:42):
Right, This is this, if you want to call it,
it's going to reduce sense to a rounding error, right,
because I mean that's pretty much was gonna see. Here's
the thing is a lot of times people go flying
off the handle about stuff without really either knowing what's
going on or or having having asked the right questions. Right.
(03:03):
So if you want to look at like, Canada is
a good place to look because they eliminated their set
thirteen years ago, right, but.
Speaker 3 (03:11):
So completely like totally is she going eliminated it?
Speaker 2 (03:16):
No, no, they eliminated it. But what they did was they
they instituted rounding. But it goes in both directions. And
the people that I've heard this week is well they're
you around everything. No they're not. No, it's like they
will round some up.
Speaker 3 (03:30):
The only thing that you're going to really notice is
things are not going to be nine to ninety nine anymore.
Speaker 2 (03:36):
Well, they're going to be. I think you're wrong because
at the end of the day, credit card transactions are
not going to change. So that's what I think is
really going on, is that in cash transactions there will
be rounding. But if you think about how many cash
(03:56):
transactions you make over the course of a day.
Speaker 3 (04:00):
Disagree with you. We'll talk about that here in a
little bit though, So.
Speaker 2 (04:02):
We'll talk about the gaping hole in our heart that
is the descent. If you are in the southeast US
and you want to see a fairly large show, the
ana's National Money Show is going to be in Atlanta
February twenty seventh through March first, last few weeks. Yeah,
and I will tell you that our very own ros
(04:23):
Bega is going to be giving him money talk. Oh
so he's going to be giving money talk on tales
from the counter. So he's going to be talking about
let's see, I got a list of it actually because
he I was asking him about it. He's going to
talk about there was a horse metal that came into
(04:45):
the shop that turned out to be unique. There was
a counterfeit quarter that Barry brought that we were able
to do the research on. And the Masonic calf that
was cool. That was really cool. So it's like and
these are just you know, bigger points to some of
the stuff today's going to have. So one if if
you'd like to meet Russ and you know he's a
(05:06):
fascinating and very good looking guy, go check him out.
Check out his Money talking Atlanta at the ANA show.
Go see him at the ANA show. Even if you
just want to bask in his roussness, that's you know. Yeah.
Speaker 3 (05:19):
I also talked to a couple other friends of the show.
I talked to Ben the coin geet the other day
and he's actually going to the show. So very interesting, cool,
very interesting. So I unfortunately don't get to go. We're
in the middle of a remodel slash expansion in my
office and bringing in new staff and expanding the store.
Speaker 2 (05:35):
I'm staying home to take care of that. I don't
really travel to a lot of shows. Somebody's got to
stay and watch the house. Yeah, you're good at that.
Whatever conservation recycling are themes wore some sixpence at the
Trial of the Picks. Okay, so the Trial of the Picks. Look,
it's it's a really cool tradition that's been going on
(05:56):
since the Middle Ages, right where they take the coin
of the realm in Britain and it's brought and it's tested,
and you know, the alleged threat of if it doesn't
make work out to par if it's not up to
the standard, then the money is going to get his
hands chopped off. You know, that's my favorite part of that,
Like that whole favor maybe why they keep it going.
But but there's really not a lot of that anymore.
(06:20):
But they they actually do all of the bullion coins
that they do nowadays to make sure as kind of
a ceremonial thing and then they get you know, they
get kind of the seal of approval and stuff like that.
It's a it's a good way of showing off what
people make. Yeah, I mean it's these coins are gonna
(06:43):
be made from recycled silver that is taken from old
photo negatives and from other recycled.
Speaker 3 (06:51):
Oh that's kind of cool. That first I think I've
heard of that where they've actually like made it made
it known that you're getting recycled silver, because i mean
a lot of silver does get recycled, and I'm sure
it ends up all over the place, you know, we
just never know about it.
Speaker 2 (07:04):
Yeah, this is gonna be made from silver recycle from
expired medical and industrial X ray films. That's pretty cool. Yeah. Look,
I'm I'm on board anytime you want to recycle stuff,
especially that kind of stuff. But it does make me
think about the blood bars. Yeah, yeah, that's true. Kind
of the same. I'm sure they have a much more.
Speaker 3 (07:28):
Safe way of doing it, right, Yes, I think I
think they've got to figure it out now.
Speaker 2 (07:34):
Oh shure. And speaking of things that have been done
for way too long now, the United States Mint has
announced the release of the final coin in the Platinum
Proof series, salvating five freedoms of the First Amendment. I
you know, I don't mind so much that they do
an exclusive reverse for proof coins, but I'm not sure
(07:59):
that the subject matter really relates to platinum. No, not
at all.
Speaker 3 (08:03):
I mean, they have the what it's not even a
charter ro it's just an oak tree on the back
of this one. And obviously that that heck a cool
looking eagle. I mean, yeah, yeah, yeah, right, yeah, It's
just that they're just making that coin because they're required to.
Speaker 2 (08:22):
Well, I mean, he's the thing is they're they're why
don't do you ever see anybody buying proof platinum. Non
numbers for these things are just minute, almost non existent,
and do they have to make them?
Speaker 3 (08:38):
I believe they are required to make these coins of billion.
Speaker 2 (08:42):
Yeah, they've got a huge premium on just the bullion
ones too. Platinum well, yeah, that's the thing. I mean
they they're kind of I mean, platinum itself has since
falling off.
Speaker 3 (08:52):
I mean it's under a thousand dollars an ounce, and
it's not just.
Speaker 2 (08:56):
It's crept back up to almost a thousand, it's like
ninety ninety something. Yeah, And when they first started this
Platinum Eagle program, they were cheap as well, but then
they went nuts in the middle of the program and
that was really drove the sales of them. And now
now we're back to kind of like ho Humsville when
it comes to platinum, with gold being the star and
silver being the star. And I don't know how anybody
(09:17):
can buy the gold eagles to prove gold eagles not
saying it well, I mean, if you're talking twenty nine
hundred dollars gold, they're gonna be charging like thirty two
hundred for a proof pounce.
Speaker 3 (09:26):
I know, maybe it'll make it for a littlemented jeer.
I mean hard to say. I don't that anybody's gonna
care all that much. But you know that's the one.
I guess the uh, the silver lining to that cloud.
Speaker 2 (09:42):
Let's see, here's what. The more I think about it,
the more I like it so well. I am not
a fan of these kind of coins. These coins were made,
you know, to celebrate the Beatles. These were literally Paul
McCartney's coins. So they gave him these coins, the British
Royal men in order you to kind of gain his, uh,
(10:02):
his endorsement. This is sir Paul uh a night of
the realm. My friend I said, these are Paul McCartney's,
so kbe okay? Are you okay with that? But anyway, so,
so these were the ones that were presented to Paul
and now he's selling them. So while I am not
(10:24):
a fan of these kind of coins, if you're going
to have a Paul McCartney coin, wouldn't you want to
have Paul McCartney's Paul McCartney coin.
Speaker 3 (10:33):
I agree, I think that that is the way to go. Yeah,
they're super cool looking too, I mean not that they're I.
Speaker 2 (10:42):
Think they're huge. Are the metals, I think they're just metals.
Yeah it's silver and yeah, well I don't know if
they're medals are coins?
Speaker 3 (10:49):
Now it says mine? Then the five color gram gold
piece stands of the largest proof gold coin ever produced
in the Men's Music Legend series, So I guess it's
a coin. Is it five kilo.
Speaker 2 (11:03):
Oh my god. Yeah, it's got a million in the
one point four million in gold in it.
Speaker 3 (11:11):
It's really that much, No, thirty two, it was stark
quarter million, thirty two point one five times five times,
that's one hundred and sixty ounces time, say twenty nine hundred.
That's four hundred and sixty six and seventy five dollars
per half a million dollars.
Speaker 2 (11:29):
Yeah, half a million dollars. Not what I said. No,
Oh sorry, my math was too fast.
Speaker 3 (11:36):
You're math and wrong.
Speaker 2 (11:41):
Math. No, but that's cool.
Speaker 3 (11:42):
I mean that that's that's a neat story. I think
those are interesting and it'll be interesting to see what
they bring. I wonder if it comes with like any
if he signed them or anything. I think the one
shows a signature, but I'm not sure if that's.
Speaker 2 (11:52):
Even the providence from the from the auction, you know
that these belonged to sir Paul. But cards sure interested
and interesting. All right, So let's see this is the
one that I really want to see the story from
because uh, Vaultbox just launched a new series. Oh yeah
(12:14):
they did. Yeah, I wasn't. I wasn't paying attention. So
the question I have for it, you know, is is
quite literally does it hurt the hobby more or help
the hobby more by kind of leaning into this uh
chase aspect of you know, collect collecting today, It's like
(12:37):
it doesn't seem to me, like like people collect things
in the same way that they did when I was young, right,
And can you say that this is just a new
method of collecting. Is that people you know, are looking
for the adrenaline, the rush, or the or the thrill
of opening up that that big money coin or.
Speaker 3 (12:56):
That's exactly what it is. It's the it's the thrill
of the hunt.
Speaker 2 (12:59):
It's the it's like scratching a lottery ticket or betting
on a horse, or sticking money in the slot machine
or throwing the dice. I mean, it's just the day.
It's really not going to damage the hobby though hard
to say. I don't know.
Speaker 3 (13:11):
I mean there are people out there that I know,
you know, we're getting addicted to things like gambling games
on whatnot. I mean, people are dropping tons of money
and this is a very similar thing. So yes, I
mean of our society right now, absolutely, yeah, yeah, I
think so. And you know, I I don't know, I
(13:31):
quit caring about that stuff.
Speaker 2 (13:33):
What are the big hits on this series? This is
what I wanted to see.
Speaker 3 (13:36):
I mean, I think they have Let's see the registered
her nineteen fifteen Panama Pacific fifty great Inducy sixty four,
So that's like one hundred grand. I mean, there's one
hundred thousand dollars coins that you could get in a
box that cost you about five hundred bucks. A thousand bucks.
Speaker 2 (13:51):
I don't know. I don't know what this bolt box
would ask. These I think are like I thought they
were way checker see here, I'm trying to trying to
see if they don't show us there issue price, but
I guess not, Nope, because so many of the people
who sell these sell these for the auction I'm talking
about just the original issue price from from the box,
(14:14):
I meane they value the pan pack a Hodered grant. Yeah. So,
but but from what I understand, and I think it was,
Chandler was saying that there's gonna be more chase this time,
which means that there's gotta be fewer hits, but the
hits are gonna be big, of course. Yeah, and that's
(14:35):
that's how Yeah. I don't want to get too far
into it. Well, so here's the thing, and it's like,
you know, here we get the back and forth. So
m love Most says the return on investment will always
be a big incentive in the coin hobby. Well, I
think you're mixing investment in hobby. Yeah, there's no investment here.
(14:56):
This is the game. This is gambling. Yeah, this is
like lottery tickets. Ye a, poll tabs are lottery tickets.
This is what you get. It's going into the bar
and taking a shot at pulling the thing out of
the Yeah.
Speaker 3 (15:11):
Yeah, that's what it is. And that's that's where we're
at in the industry right now, like it or not.
Speaker 2 (15:16):
Are While at first I was really really offended by
the whole idea. I didn't think it was a great idea.
I really have gotten to the point where it's like,
I don't think it's going to hurt the hobby ultimate Well,
I see. My thing is I think that this is
more indicative of the way that people are now and so,
(15:37):
but it's not the past oral hobby it used to be.
Speaker 3 (15:42):
Yeah, I get that, But do we want to popularize
the degenerate gambler.
Speaker 2 (15:47):
Attitude that a lot of people are we going to
stop it. I don't see why we would want to
foster that. But okay, well, I think that certain people
are leaning into it simply because there's a lot of money.
Speaker 3 (16:00):
Well yeah, I mean money, money drives. They wouldn't be
doing these things if they were profitable for them.
Speaker 2 (16:06):
Yeah. There's the question is at what point does it
become harmful?
Speaker 3 (16:12):
I mean, most people when they think, if you have
disposable income and you want to buy something like this,
good for you. Awesome, you know, just like anybody that
wants to buy a lottery ticket or anything like that,
good for you, good for you.
Speaker 2 (16:22):
Well, I mean if you're saying that yours dollar pan
pack is never going to be in your budget, but
you can take a couple of shots that go for it.
Speaker 3 (16:29):
I hope you win, but don't count on it.
Speaker 2 (16:34):
Oh and only one person is going.
Speaker 3 (16:36):
To Yeah, I mean a lot of people get I mean,
this is not a this is not a forever system either.
This is a finite amount of times that people are
going to get nothing or get skunked on these boxes
before they're done. And I think we're starting to see
that now, you know, maybe not, we'll see see.
Speaker 2 (16:53):
I don't know if it's me and my exposure to
gamblers over the years. But in my world, gamblers take
loss way better than that. They're like, you know, the
fact that they have anything when they're done is way
better than having nothing. So I think even you know,
in these chase aspects, it's like they're just playing and
(17:15):
they're having fun playing and at the end of the
day they really don't care what they have. Well, that's dumb,
it is, that's that's dumb.
Speaker 3 (17:24):
I mean, you know what we did. We we covered
them when they first came out because they were new
in novel and now it's like, Okay, we get it.
We got it, you know, yeah, we got it. So
I don't know, I don't know. That's where we're at.
That's where I don't They're not necessarily sure we agree
on that, but that's how this works.
Speaker 2 (17:41):
That is how this works. I love that. And finally,
in the news, if you enjoy our coverage of Jack
Young and the work that he does identifying counterfeit coins.
But you say, Mike, where can I find more on
Jack and his work? Jack has a fairly new blood
if I recall, correct permanent home for his articles and
(18:02):
projects now and it's on proxy blog so I would
invite you to go there and keep up with Jack
and his work as it continues, because, uh, you know,
we've we've really loved his project with eBay has stopped
listening to him. He's it's like he should have been
They should have hired him, you know, and just let
(18:25):
him pull pull auctions or giving him some sort of
authority to just do that.
Speaker 3 (18:30):
Want to do that.
Speaker 2 (18:31):
They've decided to just stop listening to him. Why would
they want to do that and protect people? Geez, well
they cost money, right. So so now Jack has moved
over to proxy blog, uh, and he does a lot
of his stuff there. I wanted to give it a
plug because I thought his work is worthwhile and it's
really good. But let's look at this new one. Jack
(18:56):
came up with a counterfeit, the eight piece dollar and
a really funky PCs holder. Yeah, I'd like to play
Liar's Poker with that with that slab, right, certain numbers crazy,
But I mean the coin itself from this far away,
does it look terrible As far as counterfeits go.
Speaker 3 (19:17):
It looks better than the average counterfeits we see in
these The thing that really stands out to me is
the holder, the font, the size coleration. Uh, does not
look anywhere near correct.
Speaker 2 (19:28):
What they call an arm's length jem, Yeah, pretty much,
I mean not even. Well, the slab looks wrong. The
coin actually looks better than the slab.
Speaker 3 (19:39):
Correct normally the other way around. Normally the slab decent
in the coins garbage.
Speaker 2 (19:43):
But oh it's quite Actually it looks like a really
good counterfeit. Yeah.
Speaker 3 (19:48):
Uh, so then he shows us the original what the
what the original coin with that certain number is supposed
to look like? And obviously we can tell that this
is not that. And let's see the online certification barcode
reader looks like it brought up maybe the right barcode.
(20:10):
Let me see here, let's see what Jack says. Yeah, okay,
the coin was purchased on the eBay, it looks like
because of course it was, of course. And then he
found where the original source coin came from, Ali Express,
(20:30):
where they sell them for one hundred and twenty eight
dollars apiece. Right, coin that is worth thousands if.
Speaker 2 (20:39):
It were genuine. Right, that doesn't say deception, I don't
know what does. So you're really hurt bad?
Speaker 3 (20:46):
Right, it looks like he found another one same holder
same number, same number, different coin. So it looks like they're,
you know, trying to get better at making.
Speaker 2 (21:04):
These as they they seemingly are.
Speaker 3 (21:07):
Yeah, and again it comes from it comes to an
e packet from China, because.
Speaker 2 (21:12):
Of course it does. That's how these things work. Yes,
absolutely nuts.
Speaker 3 (21:20):
So you can see what you get it's supposed to
get on the top, and you see what you actually
get on the bottom. Now in his bottom picture, the
coin looks a lot faker, a lot more fake, sorry, faker,
a lot more fake than it's supposed to because that
coin in this picture is terrible.
Speaker 2 (21:35):
Yeah, no, that looks awful. And for it to be
a sixty five plus.
Speaker 3 (21:40):
Holder, Yeah, it's funny. You know what's really funny. I
think up here earlier when we were looking that they
just took their garbage label.
Speaker 2 (21:49):
Yeah they did.
Speaker 3 (21:50):
I think because this coin we were saying, how good
this coin looks. Yeah, I would not be surprised if
that was a genuine coin, that's.
Speaker 2 (21:56):
A real coin. Yeah, because it looks really good.
Speaker 3 (21:58):
Yeah, they put their garbage label like photoshopping on the holder. Wow,
don't do anything to make a few bucks. It is
insane what we are up against right now.
Speaker 2 (22:09):
H yuck. So anyway, so that's the news, and the
news tonight was brought to us by hiccups. They might listen. Sorry,
go ahead, nobody likes us, so we're going to continue
staking up on you just because hiccups. Don't over step
on the sponsor.
Speaker 3 (22:26):
I'm sorry, sponsor, Hiccup Company, Hiccup Corporation.
Speaker 2 (22:30):
Hic Cups. Man, they're gonna come after you. We have
a couple, we have a couple of new guests that
have walked in their Frostbite coins.
Speaker 3 (22:36):
Well fresh Bite said they are listening to Jack and
they might be, you know, like the Chinese might be
the people that are making the face.
Speaker 2 (22:43):
Means is the people that are that are you know,
they're they're listening to him for tips on what the
problem with their product is.
Speaker 3 (22:52):
And I'm sure he does not report on everything that
he knows about this stuff. You got to keep some stuff,
got to keep some stuff under the cuff because you
can't give him everything and then they'll fix it.
Speaker 2 (23:01):
So well, it's like when the Bureau of Engraving and
Printing puts out a new bill. Yep, they don't tell
you everything.
Speaker 3 (23:07):
That don't tell you where the magnetic ink is it's there.
They don't tell you where.
Speaker 2 (23:13):
Get that neodymium magneta won't that's right, So.
Speaker 3 (23:19):
You want to really address this elephant that was in
the room.
Speaker 2 (23:21):
Now, yeah, I think now is the time. Now is
the time.
Speaker 3 (23:26):
So what do you think about this whole situation with
them stop not because they did not end the forever.
Speaker 2 (23:32):
Let's draw out what the facts are in this case.
The facts of the case are this. President Trump has
requested that the United States meant stop producing pennies period,
stop making them. That's what he's asked. Now is it
within his constitutional authority? We don't know is going to happen.
Still don't know. All of this stuff will be seen.
(23:55):
As far as twenty twenty five production. January, they made
two hundred and fifty million pennies already, so right, they're
not going to be rare. I don't care what happens.
You know, they already made more more cents in this
year than they made nickels last year.
Speaker 3 (24:11):
Well yeah, and you know what, though, I have to
show you something here because just because I can. But
if you just happen to do a quick little search
on eBay for twenty twenty five cents, they're going nuts.
Speaker 2 (24:29):
Oh they are, Yeah, they're going nuts. Come out.
Speaker 3 (24:33):
Well, look, here's a role of twenty twenty five d's
for one hundred and seventy nine dollars. I mean, that's
just nothing but speculator and looking sold.
Speaker 2 (24:42):
Let's see what some of them sold for. Let's just
take a look and see if anybody's even paying these prices,
because I'll bet you they are.
Speaker 3 (24:50):
There's somebody that paid three dollars and twenty nine cents
for a twenty twenty five cents. I don't see too
many common.
Speaker 2 (25:01):
Census proving.
Speaker 3 (25:04):
Three auction, three rolls of sense two hundred and forty
two dollars and fifty cents.
Speaker 2 (25:10):
That's insane.
Speaker 3 (25:12):
So people are speculating. People think, oh ope, these are
going to be rare. This is going to be a thing.
It's coming.
Speaker 2 (25:19):
So anyways, there you go. I just want to put
so those are the facts of it. Now it's like,
now the debate comes, do we you know is America
ready for this? Well?
Speaker 3 (25:31):
Maybe, but you got to think about it. So I
have a couple thoughts about this, and I think this
is how it's going to happen, and how it's going
to happen. Legally where they don't have to get congressional approval.
Speaker 2 (25:41):
I think they're.
Speaker 3 (25:42):
Going to become very much like the Kennedy half dollars,
where they're made four collectors. They might get sold from
the mint enrolled maybe, and they'll still be in the
proof sets. But as far as production for circulation, no more, I.
Speaker 2 (25:57):
Think FC yeah, right, not intended for circulation, right.
Speaker 3 (26:02):
I think that's where we're at.
Speaker 2 (26:05):
And then at some point in the future it becomes
easier to shoot the horse because.
Speaker 3 (26:09):
I think you can. I think you can say, okay,
well they're mandated to be minted, perfect, well, we're gonna
ment them for this and this and this and that's it.
And so that stopped the congressional approval to stop them forever.
But they can get away with not making them. And
I think that's where we're at. I think that's what
we're going to see.
Speaker 2 (26:27):
I don't think there's any huge lobby that's saying no, no,
give us backer. You know, I don't think that's happening.
Oh yeah, No.
Speaker 3 (26:33):
The the A and A is not banging down the
door of the White House saying you are stt making
these pennies again.
Speaker 2 (26:38):
It's not happening.
Speaker 3 (26:39):
But you know, it's kind of a sad day for
us coin nerds, like like we're coin weenies. We like
this stuff. So I don't know what about penny slots.
Speaker 2 (26:49):
Of course Caboy's checking in.
Speaker 3 (26:51):
Yeah, he's brought box Bundy.
Speaker 2 (26:56):
No, but I mean that's so. I mean at the
end of the day, if you mean any other way though,
like oh no, because it's like maybe this finally kicks
start some change to help us at least cut back
on since we've.
Speaker 3 (27:16):
Been reporting for years how much senior edge they lose
on these times. It's not a new thing.
Speaker 2 (27:22):
And dollar bills, but I think it all has to
start someplace. So the least amount of pain is in
the scent.
Speaker 3 (27:32):
Yeah, and I mean obviously the nickels next, because they
they bring you know, it's the same thing. They cost
more to produce than they actually you know, their face value.
I think they're just going through everything right now with
a fine tooth comb saying okay, where are we wasting money?
And you know these are just.
Speaker 2 (27:49):
Yeah, so and and not necessarily true. You know, if
you just meant more dimes, you're you're going for a
dollar amount, not not a not filling in order.
Speaker 3 (28:08):
I don't know. You know, it's one of those things
that you know, everybody's been saying. And funny is people
are really divided about this. A lot of people are like, oh, yeah, yeah,
you know, that's I think it's not a bad idea.
We should get rid of the penny candidate, and they're
just fine, look at them. And then you have other
people that are like, oh, well, you know, I think
we need pain. Maybe they're just going to make it
out of some other thing and they're gonna I know that,
(28:32):
but maybe they're going to revamp them and make them
do something else, or you know, it's it's hard to say.
And look, are welser to being able to melt copper pennies?
Speaker 2 (28:42):
Yes? I think we are. I think I have wrong
said that very simply. If you're really going to be
efficient about it, and you're going to keep the scent
cheaper than minting them, is to recall them at banks
and pay one and a half, have sense for them
out of the woodwork, and people will dump them, dump them,
(29:05):
dump them, and then you'll have all the sense that
you need butt for a while. Yeah, but you know what,
I think that that's the first step. That's that's what
you're really doing, is you do that so that you
draw them all out.
Speaker 3 (29:18):
And a lot of countries just continue. And I think
a lot of people are kind of kind of a
little leery as well, because a lot of countries use
things like this to kind of knock a zero off
of their off of their monetary system to kind of,
you know, keep up with inflation and and kind of
curb inflation a little bit. And so I think a
lot of people are kind of looking at us getting
(29:39):
rid of our smallest denomination that everything is based on,
as us potentially knocking off that zero off the end.
And I try to say, but some people look at
it like that as well.
Speaker 2 (29:52):
So well, I mean, if you look at it from
an inflationary standpoint, right, that's what people are worried about.
Is if we lose an order of magnitude, everything's going
to go up by an order of magnitude.
Speaker 3 (30:02):
That's what people are worried about it. I mean, they
may not be wrong, they may not be right either.
Speaker 2 (30:06):
But.
Speaker 3 (30:08):
You know, it's a there's a lot of different moving
parts here that I am not nearly smart enough to understand.
I'm a coin guy.
Speaker 2 (30:16):
I like, I'm sure a bunch of your question, Paul,
as far as who's los you, I mean, are you
talking about why they would stop making the set? Is Yeah,
taxpayers are putting the bill for making something that costs
more than it does, more than it's worth. But at
the same time, if you produce them not for circulation,
(30:36):
you can charge whatever you want for the roles. Look
at the women on quarters.
Speaker 3 (30:41):
Yeah right, yeah, I mean, the find a way to
make them profitable if it's possible, and I think that's
the way to do it. They'll sell rolls, be you
rolled at fifteen bucks for ten bucks whatever it is,
for fifty cents of coins, and then they'll sell the
proof sets and the mint sets and that'll be how
you get them.
Speaker 2 (30:58):
No. I also don't think that this is the signal
of a move to one hundred percent digital, because there
will always be a use for cash. I don't think
that that that's what's going to happen. I actually think
that we do so many transactions digitally, Like I said,
it's like, you know, you're just get to use a
credit card and it's going to go by the penny anyway, right,
(31:19):
you know, those are digital sense trust me, they're not
going to give up on anything and make some money.
Speaker 3 (31:25):
Well, Paul says, you know, the government does not fund them, man,
And yes, yes, you're You're right in a way. But
the problem is the MINT is part of the government,
so technically they.
Speaker 2 (31:33):
Do, and the profit that the mint makes goes back
to the government. So anytime they lose profit on purpose,
they're losing money.
Speaker 3 (31:43):
Right exactly, they don't necessarily find the man. The man
is self sufficient, but yeah, it it definitely goes the
other way. They're looking at something they're missing out on.
Speaker 2 (31:51):
I get it.
Speaker 3 (31:52):
So it's hard to say. It's really interesting. I was
I was watching the Super Bowl when that happens, and
I just have to look down at my phone and
saw that that news story come through and it was
really interesting, and yeah, so here we are. It's a
weird time in coins, it's a weird time in the world.
Speaker 2 (32:12):
But yes, no, it's it's it's definitely, but look, there's
there is enough to lose your mind about going on
right now. Right The scent is not really it. It's it's
the story that people.
Speaker 3 (32:28):
If us if us fretting about losing the scent is
the worst thing that happens to us right now, you
know whatever.
Speaker 2 (32:36):
And and Paula only a part good, No, actually all
the profit from the mid is over there, operating expenses
is turned over. Yep. So very interesting, it says, I
(32:56):
think people are making too big a deal out of it.
And that's what I I was trying to do with
this discussion was narrow it back down to look what
are the facts, because people are injecting the politics into
it and then they're making the discussion. And I think
that if you take the politics out of it and
you just look at the facts of what's going on,
(33:17):
that you can have a much more intelligent conversation about it. Because,
to be honest with you, look, I'm.
Speaker 3 (33:24):
Friend, this show is nothing but intelligent conversations. I don't
know what you're talking about, except for the part that
I do. Yeah, well, yeah, I mean, but whatever. But
you know, it's just really interesting to hear everybody's thoughts
on it. You know, I have my own thoughts. I've
been We've been hearing it in the Queen Shop all week.
Speaker 2 (33:41):
I'm sure you have to.
Speaker 3 (33:44):
It's it's very interesting to see what the next question is,
what's that going to do to sense? Themselves as a collectible.
You know, is it going to cause the other sense
to increase? Did your SVDB just go up twenty percent?
I mean, what are we looking at here?
Speaker 2 (33:58):
Okay, so let me let me pine on this really quick.
Is it going to lessen the number of rolls of
nineteen fifty zero memorial sets and wheat packs? No, I
don't think it's going to have an impact.
Speaker 3 (34:12):
Then yeah, it's hard to say. But if the program
guys get a hold with me too. But if the
program guys get ahold of it and start putting out
all sorts of different sensets, they're going to need more
sense and guess what that means they'll have to pay
more for them, So that means that the prices will
go up. So it's hard to say what we're looking at.
I think it's going to be a little while before
(34:32):
that trickles down while the program guys get their act
together and see what they want to market. And also,
you know, as the news breaks, if this is actually
going to be the end of the cent or if
it's just a temporary thing.
Speaker 2 (34:43):
I mean, we don't know. Call me old a year old,
and call me jaded. You're jaded I am, but I
don't think it's going to happen in my lifetime, and
to be honest with you, it may not happen in yours. Yeah.
Try to say all these things like hair on fire
at the time and then they take forever.
Speaker 3 (35:06):
But this is, like, I mean, this is pretty big
news just for simply coins sake, because you know, it's
the last major coin change we had was when like
when was the last time we either brought out a
really new.
Speaker 2 (35:21):
Sixty five or took away over out of the coinage.
That's it, because they weren't even sure if people were
going to accept clad coinage.
Speaker 3 (35:31):
I mean, we fiddled around with the with the the
dollar coin a couple times, with the Susan B. Anthony's
and the eyes and howers and the presidentials and the changes. Well,
I was talking about denomination, like a new denomination. You know,
in the seventies they came out with the Ike dollars
that was a new denom because they had stopped them.
They had stopped them way back in thirty five. Uh,
(35:52):
and then in seventies they decided, you know what, we're
going to bring another one out for circulation. We need
this coin so that that was probably the last change
I think of, you know, was the early seventies with
the advent of the ike dollar, or maybe the two
dollar bill in Casey's coin guy says two dollar bill.
Speaker 2 (36:08):
Again, Well, I mean that's all the nineteen seventies. It's
all right in the same area. And it's because if
it got handcuffed after the mid act of sixty four,
right years where there's no mint marks on any coins.
Speaker 3 (36:22):
I was just saying that, you know, people, people are like, well,
it's not that big of a deal, but it kind
of is, because this is really the first monetary change
that we've had since the early seventies. That's the only
reason that I make making anything of it is because
if you look at it that way, it's kind of a.
Speaker 2 (36:39):
Big deal, is it the thing? Yeah, So I don't know.
I think that that the bigger change came in sixty five,
and that's just because, like I said, when you're not sure,
if people aren't even going to accept the currency that really,
I mean to the point where they made side by
side silver and clad coinage for a year and a
(37:00):
half just.
Speaker 3 (37:02):
To be doubly sure that they were actually gonna fly.
Speaker 2 (37:04):
Yeah.
Speaker 3 (37:06):
Well, interesting conversation.
Speaker 2 (37:08):
Thank you guys so much for hanging out and giving
us in your insight. I think that's really cool and
I think this is a really good point. People who
aren't coin collectors are talking about coins, and that is
good for that that is true. They are starting to
look at their pennies. So that. We had a student
from depaula journalism student come in this week and you know,
(37:29):
wanted to ask us about stuff like that and what
we thought it was going to happen, and you know,
it's it. Look, there's no shortage of opinions on what
kind of impact it's going to have, but nobody's got Well,
I do have a crystal ball. It's back there, but
it doesn't really work. That's funny.
Speaker 3 (37:48):
Well, friend, are you ready to get well? Hold on,
I gotta get this set up.
Speaker 2 (37:52):
I was gonna say, I don't think that's the way
it's gonna work out, but well, I wasn't finished. Hold
on here, Okay, I think we're good. Okay, are you
guys ready for a brawl?
Speaker 3 (38:06):
Friend? Are you ready to have a knockout, drag out,
knockdown whatever fight we're getting ready to have with these
awesome coins that we're.
Speaker 2 (38:14):
Bringing if it's about coins.
Speaker 3 (38:16):
Absolutely all right, Well, let me get yours pulled up
here you can start. Yeah, uh oh yeah, I got.
Speaker 2 (38:27):
Hold on this one.
Speaker 3 (38:30):
No, this one, and yeah, okay there it is all right,
we'll start this one over all right.
Speaker 2 (38:36):
I love this.
Speaker 3 (38:37):
I love it that we're editing, and now we can
go back and do this. It's the best. All right, buddy,
are you ready for this? I'm gonna take you down
maybe maybe?
Speaker 2 (38:48):
All right.
Speaker 3 (38:49):
Time for a coolest thing.
Speaker 1 (38:51):
And now for the coolest thing to walk in? This
week a competition segment between Matt and Mike to see
who's had the coolest thing.
Speaker 2 (38:59):
Walk into the shops. Who'll win this episode?
Speaker 1 (39:03):
Let's find out, Matt Mike, who's got the coolest thing?
Speaker 2 (39:13):
Okay, So one of the I think real advantages to
working in the shop that I do is that we
have all kinds of experts and all kinds of people. Yeah,
so that does give me a really really wide variety
of stuff to choose from. This is pretty cool. It's
(39:37):
really cool. This is a Henry the eighth one sov
from somewhere between fifteen forty four and fifteen forty seven. Christ,
This is Enery the eighth I am, and I mean
just the the condition of the coin. It's you know,
(39:58):
it's AU fifty five. This is it's about the size
of a silver dollar and it weighs less than half
an outs twelve point eight grams, yep, less than a
half an out, So it's it's not like a really
impressive coin, but from that day this was a huge coin.
(40:19):
And uh just I mean, come on, think about the
history of this. Is Henry the eighth.
Speaker 3 (40:25):
Yeah, that's pretty pretty awesome. I like the coin too.
It's got him sitting on the crown with the royal
I think it's a crown there next to him, or
maybe a scepter or something, all sorts of fun royal implements.
Speaker 2 (40:36):
There on the back of it.
Speaker 3 (40:37):
You have the shield, and you have that awesome griffin
on the right hand side that think's cool. And then
you got a weird, kind of emaciated looking lion. Not
quite as cool as that cool griffin, but you know,
I forg pretty cool.
Speaker 2 (40:52):
He's a bad word or something like that. That's a
pretty cool coin that it's about as cool as it gets.
Speaker 3 (41:01):
Yep, almost as cool as what I brought, says you. Yeah,
if you guys been paying attention to my socials and
the socials for the show. I made a little short
about this piece that walked into my shop, and I
just wanted to talk about it a little more, if
that stinking cool.
Speaker 2 (41:15):
One second, because we had one question, David Donny. You
asked what would be the comparable spending power of that coin?
It's one sovereign, So a sovereign was a lot of
money back then. It was like a week's salary. I mean,
I'm honestly, I can't speak to exactly during that time
(41:36):
period what it was worth, but I do know that
it was a very large amount of money. Yeah, that
was you would find on the average person.
Speaker 3 (41:46):
All right, So what I brought was this set of
wooden metals. Now you say woulden and I say, yes,
these are nickels. Yeah, no, these aren't wooden nickel. But
these are from the eighteen seventy six Expo, and these
are a complete set of the wooden metals that were
issued during the show. You could buy the set and
(42:07):
they are made from pressed wood. Now you say pressed wood.
How the heck did they do that? Well, they took
these pucks of wood and they put them in boiling
water until they got nice and soft, and then they
would actually used eyes just like they were striking a
coin or a metal, and they would press the wood.
So they're pressed wood tokens. They're made from a hardwood.
It looks like I'm not quite sure which, but they
(42:29):
have you know, different things from the eighteen seventy six
XPO on them.
Speaker 2 (42:34):
Uh.
Speaker 3 (42:34):
And the coolest part is the original box. I have
had these metals individually, I don't maybe not all of them,
but I've had several of them. I have never ever
seen the original box for these things. This is the
first one I've ever even seen, let alone owned.
Speaker 2 (42:48):
What's the working man? Is it cardboard or is it? Yeah,
it's a cardboard.
Speaker 3 (42:53):
The box is all cardboard, and this one is in
being held together with a little bit of tape. But
you know what, again, I've never small I've never even
seen another one. So imagine that, you know, it has
all the different holes that they have the metals for
their just an absolutely freaking cool piece of stuff. I
thought you guys would like to see it. I was
happy to buy it.
Speaker 2 (43:14):
Where was this exhibition?
Speaker 3 (43:16):
Philadelphia? Okay, in Philadelphia, Pennsylvania.
Speaker 2 (43:19):
So Tenny Alexa's exhibition yep. And it was a I
don't know if it was a World's fair. I don't
know if they call it the World's fair. They call it, Yeah,
this was a centennial expo.
Speaker 3 (43:32):
Yeah. And the fact that this thing even survives. You
have something that normally points and metals aren't made out of,
which is would, which is you know, fragile enough on
its own. And then the stinking box is made out
of cardboard and it was made in eighteen seventy six.
So yeah, I thought it was cool. That's why I
said this is going to be a knock out, dragged
down battle because both of these things are freaking cool.
Speaker 2 (43:55):
I will tell you this is this is impressive. These
are very very cool, and the way that they're made
just you know, the uniqueness of it. I have to
give you props. They're very very neat. Yes. So now
we're going to find out what everybody else thinks, and
we will go to our friends of the coin Show
podcast where the unnamed source will post a poll. Yep,
(44:18):
and you guys could vote for one or both, vote
for vo for both. You found that out, so, uh,
you know, I'm from Chicago. Vote early, vote often, v often.
Speaker 3 (44:31):
Vote after your dead. That's right, that's right.
Speaker 2 (44:35):
Uh So that puts a very nice bow on episode
two forty three. Amazing, isn't it. Yeah, yeah, it really is.
We're closing it on two fifty Yeah, semi Quinn Centennial.
We're going to get there before the country does so,
I think so maybe yeah, no, we will. We might
(44:59):
get the July yeah wow cool. Yeah, so do an
outdoor episode that would be very cool. Barbecue and fireworks, yeah, drones. Yeah,
we'll have to get we may have to get together.
We'll do it in the summer. We may have to
like get together and actually do the episode together. Okay, somewhere.
(45:20):
But so if you're if you're gonna be in Atlanta,
check out Ross at the a n A National Money Show.
If you're going to be in Baltimore, we'll be there.
We will be there. We will be at the Baltimore
Whitman Expo, uh next month in March, and we're going
(45:40):
to be there for the whole show. So stop I
see us. You know, it's like say hi and show
you know, because that's what people like to do. We're
cooking some fun stuff. Yeah. We do need some requests
for interviews though, So if there are people that you
guys want us to talk to, just you know, send
us a note and tell us who you'd like us,
(46:01):
or you can comment in the you know, in the
comments who you'd like to see on it, because you know,
we we last time we were there, it's like we
hit a lot of the big names. One we might
get one of those guys a year, and we got
six of them in three days. So now when you
take the Hall of Fame off of you know, your
(46:22):
wish list, it's like, Okay, there's still lots of people
who talk to the great recommendation job Bobguart. There you go, there,
you go.
Speaker 3 (46:30):
See you guys, send those you send them here, send
them to our emails, post them in the social group,
you know, whatever, whatever you guys want to do, We
would be happy to try to acquiesce to any of
those requests and talk to these awesome people. So we
could definitely try to get content with those guys.
Speaker 2 (46:47):
So, yeah, I'd like to get somebody like David McCarthy on.
You know, he's from San Francisco, so he generally is
not gonna be a Baltimore Yeah, you know, it's like
it's always cool to see who we can get and
I love meeting new people and I'm not shy. I'll
walk right up to them.
Speaker 3 (47:02):
You're gonna be there. I know. Last time we were there,
I remember somebody saying that they didn't want to come
up to us because they were they were shy, or
we were doing come say hi.
Speaker 2 (47:14):
I don't think Bill Fiva No, I don't think that's
gonna happen. Eric. Sorry. So on that note, we'd like
to thank everybody who showed up, the five people that
liked us out of the out of the forty that
(47:35):
like the teaming ten. Thank you, we love you, We
love everybody. But thanks for coming. Thank you to all
the people that help us help put this together. Thanks
to Justin, Thanks to to Berry and to Corey, and
to uh Ernesto and to Russ and to Leanna and
just everybody in our in our you know, in our
(47:56):
orbit that works really really hard to help us put together. Uh,
if you get a chance, frost Bite Coins has a
really cool chat show on Saturdays and Sunday mornings. You
should check in on what he does. It's always really cool.
He does roll honting, he does a lot of other things. Uh.
He's been having paul On from Live coin Q and
(48:18):
A there they're around and uh and uh, I think
that's pretty much what I got, all right, buddy. Well,
oh and don't forget after this, go hang out and
whatnot at Tea and silver Seckers. Uh, just go it,
put like and put another forty people in his it
(48:39):
is whatnot and watch it just bike. Yeah, and then
when he when he says, wow, we're really then just
say Coin Show podcast or say Matt Matt loves you.
Speaker 3 (48:49):
Yeah, that love you, Matt loves you. Love love Matt.
Speaker 2 (48:53):
Bye. All right, guys, thank you all for listening. Thank
you Matt. You know it's like you make and uh
the stuff that you do. Thank you for listening. Uh,
we appreciate you. Check us out on social media and
join us. What two weeks next week, we're looking at
(49:13):
two weeks, We're look at two weeks. Okay, join us
two weeks. We're probably gonna do a hangout and uh,
if you have any more commentary about the scent, feel
free to drop us a line. We will definitely, uh,
we'll definitely address it. We'll do it. Love you for
that show. I'm Mike and I'm mad and we'll talk
(49:37):
to you next time on the Coin Show podcast.
Speaker 4 (49:45):
I know as funny as well.
Speaker 2 (49:49):
Thet's song against Agether.
Speaker 4 (49:51):
We'll sing louder than we've ever This is it forever
forever Sunday, because we got some model. This isn't forever.
Speaker 2 (50:13):
What was singing nor song? We forget that same day?
Speaker 4 (50:19):
Is that its purpose?
Speaker 2 (50:21):
It's the worthiest thing we do.
Speaker 4 (50:29):
This is it forever forever Sunday. We've got some marrock.
This isn't forever forever for refer sunnight. We've got some more.
Speaker 2 (50:59):
Shot.
Speaker 4 (51:01):
This is his breath.
Speaker 2 (51:05):
This isn't the end.
Speaker 4 (51:08):
Until next time.
Speaker 2 (51:11):
It's still next time, until next time. This isn't the end.
Speaker 4 (51:43):
It's still last time, until last time. I'm still be
time
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