There was a time when coin collectors were looked at as nerds obsessing over a hobby that might or might bring them any value some day. They kept their metals in mint condition safely tucked away to show-off to other fellow coin collectors at big coin collecting conventions. I imagined a group of guys wearing bifocals held together by a thick piece of tape, greasy hair, and pants pulled up over their stomach, exposing their bright white gym socks. Those same nerds today could be a gold diggers dream – literally.
Debating whether or not the American dollar will one day be obsolete, one thing is for certain, gold and silver will forever be in demand. As the country witnesses gold-for-cash-stores popping up on every corner luring financially challenged and uninformed Americans into their doors, store owners play on the customer’s destitution and desperation to hand over their precious gold and silver for crumbs. The store employee, usually planted behind thick, bullet proof glass, is trained to give the customer less than 25 percent of what the gold or silver jewelry is worth. Coin collectors, however, understand the value of their silver and gold collection. Invested coin collectors proudly refer to themselves as numismatists, a word that most struggle to pronounce.
According to Numismatists.com, United States gold coins are up 10 percent. Michael Fuljenz, owner of Universal Coin & Bullion, stated that when metal goes up, the coin collectors come out to play. Fuljenz reported he has never seen so many ads placed online to sell gold coins. Most die-hard numismatists are simply wanting to complete their collection, while others want the worth and value for their coins. When I think of all the silver dollars I have given away over the years, I could just kick myself. Fuljenz explained silver dollars will always be popular and sell well with numismatists.
Describing their collection gets very involved as numismatists go into detail about 12 coin-sets containing three $1 gold designs, $3 gold coin along with the Liberty Head and Indian Head designs on the quarter, half and full eagle and Saint-Gaudens double eagles. It is almost a different language within itself. They go on to explain an 8 coin set. It is enough to have your head spinning. Excited about their find, numismatists encourage collectors new on the scene to only purchase coins they are really passionate about. Though many Americans believe they are pretty passionate about money, not many can say they are as passionate about coins.
Numismatists set out on a mission to find that special coin to complete or continue his or her collection. As many of them are sitting on a small fortune, collectors laugh back at those who make jokes about their hobby. While the rest of the world is chasing paper, numismatists are playing with their billions and shining their silver. If only finding money was as exhilarating and attainable as searching for gold and silver coins, the streets of America would literally be lined in gold.
Where would I even begin to look for a 1913 Liberty nickel?