New-York tribune., 1896-10-04


Mint was no, always conducted on business princ-
pies. and know that old dies were sold for NOM
inal amounts. II Is supposed that the die for the
| 1894 dollar is I'm Germany. and that an occa-
sional 1904 silver dollar slips into the country Tha
| is why the coin Is less valuable now than 1t was
years ago For the last twenty years. however. ALI
dies have been destroyed at the end of the year.
While they are in use any person may receive a set
Of coins direct from the mint by sending for them
and paying nominal amount in addition TO their
face value But after the end of the year coins
OF tha; year be obtained at the mint at any
price
The collection OF coins in the United States has
been displaced to "A large extent by the stamp COL
lection There are still many collections" said
dealer. "and the demand for rare pieces at fair
prices is good. but the collectors are rich men FOR
the most part Specimens must be first class before
they become desirable anG. poor pieces are almost
worthless. Formerly coins Cor which We received
fivc and ten cents apiece wer, good property That
was when boys were collectors But nowadays the
boy collects stamps and does not feel Interested
| even IN his fathers collection OF war money with
its individual coppers; postage stamps hhed IN Du.
tonhke frames which were legal tender IN war
times. shnplastcrs and other queer contrlvances
which took the place OF mone!. but rince ;, me NE
opening Of the present Presidential campaign ne
receive orders daily from people who want sets ot
Chinese Mexican and south american CONS ab %,tn WIN
dealer ls a more irnpor,an. factor The cause OF
sound money than most people are aware ot'
THE COIN DEALERS TROUBLES.
Ru, the coin dealer has his troubles, as any one
can see who will stand At his counter for snort
time Hs place OF business Is visited by buyers
and seller. The buyer usually knows what ne
wants the seller rarely has idea OF what ne VII.
receive FOR his wares. "Whcneyer man has a
coin for sale he speaks OF II as most rare an"
valuable specimen said Mr. Scott. and they a'r
usuall, rcrf.ctN sincere about II. In most cases
the pieces OF little value If genuine or they ar
counterfeis. because most coins unless ,hey rs nnre
a, ,pli
class But have had this coin Tor forty years
the will say or had TINS given 10 me ye.,s a.
,ro a, 4 valuable piece Ara then wheh 'ne
man is told that there we're rascals forty years ago
and be fore then. he goes away ,nSry, ,,vror
tn illustrate the pOin: that the dVerag" laymah
does not w crs,,ni the mysteries OF the business
Sno,t told Of Circumstance which had Just taken
nice A man had offered copper cent OF inc year
wss wcr,n only 10 cents. Why the 1893 is worth
So is It no,?' he asked Yes, & was oh' .'p!, H
we pay $40 for 1893 but li9s although It Isl Is
as much ~ - copper cent , OF ~, o. ,,,or.v 10
s lad win many peGpie but 6w the RTEe Rs OF OF Ine a
nv IN, "ni, apiece and this collector said was
object lesson IN Tfp"dIa.'cn h said & fhe states
issued pa cr money and all but one State repudi-
,t,J 4, The consequence is that you may buy
@nntincntl note with $50 face value for twenty
five cents, Will" a Vermont shihpi2~tei OF tWeh.!
deemed it's currency and most Of It Wen, back into INTO
lis treasury. and ,ha' IS the reason % why the ie"
remaining bills bring "A large price
STAPLE ARTICLES WITH COIN DEALERS.
Confederate bills and United States fractional
p,nor currency are staple articles with IN" coin
d,,icrs Il is estimated thar There is still about
,7 ccuo I'm fractional currency unredeemed. OF
This amount much has been destroyed and what
r.m,ius l. IN the hands OF collectors and dealers.
1,ho amount may be larger than the figures given.
ana II probably f.. l.. t.. thittenden. who was
pcrIsi,r of the Treasury during Lincolns Admin
strnton says that the records as TO the frac-
,ional currency in some respects imperfect
and that II IL probable that the issue WAS larger
,h,u the figures indicated. Confederate States
money was printed In such Nast quantities and was
| ,hrown upou the market at such low figure that
| ,hcr. arr, still millions Of dollars worth In the
hands OF curiosity dealers. wao willing 10 sell
| It .t low rates Extreme care Is taken by dealers
| IN selling the Confederate money as to the pur
,hascrs because II has frequently been used by
| sharD,rs to swindlc unsuspetting immigrants.
THAT there IL much interest taken In the collec
tion of coins and stamps Is shown by the increase
| i'm The number OF organizations composed OF col
! octors and OF publications which are designed only
for peopc Interested In that field. The Collectors
| C'iub is the largest organization OF the kind In
| this city and has among It's members collectors In
| nil M rts of the country. The club has secured
| lea a. for the building No 35l Fourth-ave. and its
| nrs meeting In the new clubhouse will take place
| to-morrow evening. The clubhouse will be a meet
| ing place for men who are Interested In the WORK.
| and il will probably become an important place
| FOR the exchange OF Views and specimens. Among
| the members are