_____________________________________________________________What Is The Difference In the PRICE of A Coin and It’s VALUE
By Susan Headley
There is a big difference between the price of a coin, and the value of a coin. Although you often see these words used interchangeably, it is important that you understand the different concepts represented by each.
The “Price” of a Coin is How Much it Would Cost You to Buy it From a Dealer
This is pretty straightforward. The “price” of a coin is merely the amount that it would sell for on the open market, otherwise known as its “retail price.” Coin prices are set by many different factors, including the type and grade of the coin, its rarity and desirability, and to some extent its availability in the marketplace. The most frequently used price guide to U.S. coins is the Red Book.
The “Value” of a Coin is How Much You Can Sell it for Today
Here’s where it gets a little complicated. When you want to establish what your coin collection is worth today if you wanted to sell it, you are establishing its value. The amount you can sell your coins for (its “value”) is considerably less than its “price” if you had to replace them.
MARCH 04 2017
STAMP AND COIN CLUB, Inc.
Of PALM COAST
13th ANNUAL STAMP and COIN SHOW
To be held on Saturday March 04, 2017 at Elk’s Lodge # 2709 located at 53 N. Old Kings Road, Palm Coast, FL 32137.
10:00 A.M. until 3:00 P.M.
Exit 289 on I-95. One block East. Go North (left), at traffic signal, on Old Kings Road. Elk’s Lodge is approx. ¾ mile on left. This show is open to everyone interested in stamps, coins and collectables.
There will be dealers to give free valuations of your stamp and coin collections. Come early and bring your friends. Door prizes every 30 minutes, starting at 10:30 am – 2:30 pm. FREE stamp area for the young and young at heart.
Free parking and admission. www.stampandcoinclub.com
(6) LETTER OF APPRECIATION FROM BOY SCOUT TROOP 403
(5) Invitation to Provide a Stamp and Coin show at Bunnell elementary School November 30 2011
Subj: November 30,2011 GREAT NEWS!!!!!!!!!!!!!!!!!!!!
(4) NEWS-TRIBUNE Article, October 22 2011 on Flagler County Stamp and Coin Club
Young stamp, coin collectors wanted
PALM COAST — Budding young numismatists and philatelists can learn about both hobbies at the Flagler County Stamp and Coin Club’s free stamp and coin class at the Flagler County Public Library planned for 10 a.m. Tuesday.
Club president David Rosenthal, Michael Nishti, sergeant at arms, and Ed Wolf, education director promise an hour filled with everything a hobbyist would need to get started collecting stamps, coins and medallions.
“We’re putting on a program for the youth of the area about the hobby of collecting coins and stamps and we’re supplying all the materials, the albums, and the pages — everything to give them an idea of what these hobbies are all about,” said Rosenthal, who collects stamps. “Ideally the children should be 8 to 14, but we know they do come and bring younger brothers and sisters. It’s open to the young and young at heart. The parents enjoy these programs as much as the kids.”
Part of the group’s goal is to inform parents that stamp and coin collecting are both educational and lifelong hobbies. Rosenthal started collecting stamps when he was 10 after he got a bag of stamps and a thin album. His collection now exceeds 140 albums. Nishti collects coins, but collected stamps as a kid.
“I was a paperboy on Main Street in a small town and at the end of my route was a stamp dealer,” Nishti said. “So I’d go in there and I’d buy stamps from for my album and then I’d go next door to the Italian pastry store and I would buy cannoli. Between the two I’d about spend my whole week’s earnings from the delivering papers. I still have that album.”
Nishti started collecting coins in 1990 for the historical interest, and that’s something he tries to convey to the children.
“We load them down,” Rosenthal said. “We’ll give them albums with stamps, we’ll show them how to soak them off the paper, how to collect them, how to mount them. We give them coins, we give them holders to show them how to protect the coins.”
The club is a non-profit organization and relies on donations for the stamp and coin class as well as programs they do for other organizations, such as the Boy Scouts.
The club has grown from about a dozen active members to almost 200. The club has outgrown its meeting places twice but have found a home at VFW Post 8696 for their monthly meetings.
“All the presentations are interesting,” Nishti said. “The last speaker we had talked about the artists that create the images for the coins. In that same program there was a DVD where they went around Washington showing the original artwork and statues used on coins. It was fascinating.”
Another popular feature is a live an auction of coins and stamps held at the end of each meeting.
“It’s a fun thing to have — mostly dollar stuff — but sometimes it can get exciting, and it’s a lot of fun,” Rosenthal said. “People can buy stuff on the tables before and after the meeting.”
“Some of us go to the meeting so we can trade and buy and sell,” Nishti said. “It makes the evening for us going home knowing you got that one coin you were looking for.”
The club encourages visitors and as part of their educational effort offers free appraisals before each meeting.
“We give free appraisals so people know what they have before they go to those on-site buyers at hotels,” Rosenthal said. “We have about 12 dealers who are members who can appraise coins, stamps, silver, gold, jewelry, medallions all kinds of things. If we don’t have someone there who can do it, we find someone who can and put them in contact.”
The club also has an annual show with more than 20 tables for buying and selling at St. Thomas Episcopal Church every February.
The club meets the fourth Monday of the month, except November and December, at VFW Post 8696, 47 Old Kings Road, Palm Coast. The next meeting is Monday. Doors open at 5 p.m. for appraisals, buying and selling. The meeting starts at 6 p.m. The VFW serves food from 5 to 6 pm. A live auction is conducted at end of meeting. For more information call386-437-0378 or visit stampandcoinclub.com.
(3) August 25, 2011
Email from the Keating family, visitors at our August 22 meeting
Subj: : Thank you for everything!
(2) Letter From Flagler County Public Library in reference to participation in the October National Stamp Collecting Month:
November 22, 2010
While reflecting on all the things for which we are thankful, the staff of the Children’s Department of the Flagler County Public Library would like to thank you for the part you played in making our library an enjoyable place for our children and their families this past year.
The Stamp and Coin Collecting Program presented by your club during National Stamp Collecting Month in October was fun and informative for all. We appreciate your willingness to share your expertise and supply materials. The program not only inspired new stamp and coin collectors, but brought new visitors to the library as well.
Signed – Theresa Owen and Staff Flagler County Public Library
((1) Speno: All enjoy Palm Coast stamp, coin club
Neighbors * Palm Coast
Posted: July 2, 2010 – 11:09pm
The Flagler County Stamp and Coin Club of Palm Coast brings together a varied group of people who share more than an interest in coins and stamps. If you attend one of these meetings, you are sure to observe camaraderie, education, socialization, genuine care for each other and a strong sense of community.
One of their more important efforts is to get young people interested in stamp and coin collecting.
As David Rosenthal, president of the club says, “We especially invite the youth of our community to discover the historical significance of collectibles and to experience the satisfaction of a lifelong hobby.”
Rosenthal adds that stamp collecting teaches kids skills of coordination and systemization — things they can use throughout their lives. Tutors are available from 5 to 6 p.m. prior to the regular meetings of the club, which are held on the fourth Monday of each month at the VFW Post 8696, 47 Old Kings Road, Palm Coast. Doors open at 5 p.m. and the meeting is from 6 to 7:30 p.m. There is a live auction of coins and stamps at the end of each meeting. The club holds stamp clinics at the library and also recently hosted a scout group, but hopes to do much more to raise the interest of the youngsters in the area.
J.J. deBoer of St. Augustine started this group back in the early 1990s. He is still active in the club and said the original followers started as a “stamp group” and then added coins. In the beginning, there were about 12 members. Today, the club membership stands at 170 and is growing.
Lewis Abela, at age 83, is one of the older members of the group. Abela says he is only four stamps short from having the entire Canadian stamp collection and added that newer issues are harder to come by.
Brian Hammond, a newer resident of Palm Coast, recently attended his first meeting of this group. His mom passed away last year, and when he started going through her home, he found his stamp collection — something he thought was lost and hadn’t seen in 55 years. He decided to “get back into it” with his stamps in hand.
The initial membership fee is $20, with annual yearly dues of $15. The club is open to members and the general public who are interested in stamp and coin collecting and investing.
Meetings offer educational presentations, a 50-50 drawing, an exchange of ideas with other collectors as well as opportunities to buy, sell, trade or evaluate your collection — no matter how small.
The proceeds from the August meeting auction will go to the Family Life Center in Bunnell, a shelter for women and children. The club is accepting donations for this auction so if you have something related to stamps or coins to donate for this worthy cause, contact Rosenthal at firstname.lastname@example.org
The club also holds a stamp and coin show each February.
So dig out those coins and stamps you’ve been saving and watch for more about the upcoming show to be held the first weekend of February at St. Thomas Episcopal Church on Belle Terre in Palm Coast.
The club welcomes new members as well as beginners.
For information, contact Rosenthal at email@example.com or go to the club’s newly launched website at www.stampandcoinclub.com where you will also find links to other sites related to stamps and coins.