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Jeff Shaw talks coins with Toledo-Tama Kiwanis

August 19, 2019
Toledo Chronicle, Tama News-Herald

At the August 7 meeting, Mary Fasse-Shaw introduced her husband Jeff as guest speaker. Jeff's topic was his coin collecting. He has been a collector for many years.

Not only does he have collected coins, but also he has coins which he inherited. He has used his coins as a teacher to teach symbolism because the representations on coins are also symbols.

He and his son Connor spent time together when Jeff came across a large amount of pennies. Connor and Jeff went through the pennies to find the "wheat pennies" which have more value than just one cent.

In most cases itmes are more valuable when they are perfect. Jeff pointed out that it is imperfections in coinage that adds to the value. For example, one set of coins carried the words "In God We Rust." Those coins are quite valuable.

The valuable Wisconsin quarter has an extra leaf. There is a Connecticut quarter with the imperfection of a crack in the cast, casuing the buffalo on the coin to look as if it was speared. These imperfections add to the value of the coin.

Coins can be professionally graded. A coin is more valuable if it is in excellent condition with little wear, looking as if it were freshly minted.

The collector pays to have his or her coins graded, and the best grade a coin can receive is 70, indicating it is a perfect coin and worth top dollar.

Coins are minted in facilities at Philadelphia, Denver, San Franciso, and West Point. West Point does the more specialized coins.

Jeff said that at one time coins were minted at Carson City, but because it burned down, coins minted there are worth more.

Many members decdided that they would start taking a fresher, more informed look at their coins as some rare coins can be worth several thousand dollars.

 
 
 

 

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