CoinTalk on The Moth Radio Hour: My Numismatic Insights and Lessons Learned

I was driving the other day, tuning into The Moth Radio Hour, when my ears perked up at a CoinTalk mention in one of the stories. As someone who’s collected coins since childhood, I got completely wrapped up in this tale – a hilarious yet insightful numismatic journey you’d appreciate. The story follows a collector’s dealer mishap over what was supposedly a fortune-in-coins, offering some real-deal collecting wisdom along the way.

The Heart of the Story: A Coin That Could Pay for College?

Here’s the gist: A dealer convinced a collector that a 1943-S doubled die cent could fund college tuition. My immediate reaction? Doubt. After decades in this hobby, I’ve heard plenty of exaggerated claims. The coin referenced is actually the 1943/2-S doubled die (PCGS FS-101), and when I checked PCGS CoinFacts, I found it typically trades around $20-$25 in Very Fine condition – not exactly scholarship material. It’s a solid reminder to always verify those too-good-to-be-true stories yourself.

Breaking Down the 1943/2-S Doubled Die Cent

Let’s examine this Lincoln cent closely. The 1943/2-S shows subtle doubling in design elements like the date – so faint you’ll need magnification to spot it. From what I’ve observed:

• Condition rules: Value jumps significantly only in pristine grades like MS-68, but even then we’re talking community college costs at best. Always examine coins under proper lighting with a loupe.
• Market truth: Unlike the famous 1955 doubled die, this isn’t a headline-making rarity. In typical circulated condition, it’s more of a conversation piece than retirement fund.
• Verification matters: Before buying, cross-check with PCGS or NGC databases. If a dealer makes big promises, insist on slabbed coins or independent opinions.

Practical Advice on Dealer Trust and Coin Collecting

This story echoes lessons I’ve learned through experience. While most dealers are trustworthy pillars of our hobby, caution never hurts. Here’s how I approach collecting:

• Second opinions save wallets: If something feels off, consult another expert or hit collector forums. I’ve avoided costly mistakes this way.
• Hype alarms: When coins sound like lottery tickets, they usually are. Stick to documented rarities with established values.
• Build relationships: Over years, I’ve cultivated trusted dealer connections. Start small to test integrity before major purchases.
• Credentials count: Look for ANA membership or collector testimonials – real expertise shows in track records.

Without good dealers, my collection would be sparse. They’re essential partners – we just need to engage with our eyes open.

A Lighthearted Note on Collector Stereotypes

I couldn’t help but smile at the story’s playful dig about “60-year-old coin collectors.” The audience chuckled too, but we know our hobby spans generations. I’ve met passionate collectors from teenagers to nonagenarians – that’s the beautiful thing about numismatics. If anything, the stereotype adds to our community’s quirky charm!

Reflecting on this whole experience reminded me why I love collecting: it’s not just about metal, but the human stories and hard-won wisdom behind each piece. Whether you’re hunting errors like the 1943/2-S or savoring history, stay skeptical in the best way, verify relentlessly, and enjoy the journey. Happy hunting!