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15 Mar 2020

Will it be Possible to Collect Every Type of Coin Again?

Collecting Tips | coinfodder

The last person to collect every single possible known coin passed away in 1976.
Louis E. Eliasberg, of Baltimore, Maryland, was the last person, and to date only, person that has collected every single known coin and mintmark.
Will this ever happen again?
I say no. Here's why.


1. Harry Bass
Harry Bass became interested in numismatics about the time Mr. Eliasberg passed. He collected some of the unique issues of gold that had evaded many collectors. With most of these unique issues lying behind the ANA's Money Museum Walls, it will be almost impossible to collect all the coins by mintmark and date.


2. Money
Unless your name is Jeff Bezos, you will probably not have enough money for you to purchase every single little coin, without running yourself into some considerable debt. In the real world, life comes first. Even Harry Bass had a real job in the oil industry before he started collecting.


3. Competition

As more people are competing in programs like NGC's and PCGS's registry set, some of the rarer issues (ie. 1884 and 1885 Trade Dollar) are landing in their hands and therefore, not yours. Because of competition and the number of people going after pieces for their registry set, it will probably be impossible to collect every coin by mintmark.

4. Rarity

Quite simply, plain old rarity can prevent you from owning every coin by mintmark.


SO WHAT?

If you cannot collect every single coin by mintmark, well then. Instead, look to collect by sharpness of strike (see Bill Fivaz's Cherrypicker's Guide) or look to collect just one specialty. If unfortunately you are stubborn, and want to try to pursue Louis in collecting every coin by mintmark, go right ahead. But make sure you have great financial support, and are not afraid of a market crash. Become an entrepreneur like Harry, get plenty rich, and spend it on getting a lot of coins.


-march 22, 2020



Comments

coinfodder

Level 5

Amazing Post

coinfodder

Level 5

Great post

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