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coinfodder's Blog

17 May 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

Mike

Level 7

I completly understand. Thats what blogs are. I just thre him in because i appreciate the different ways people collect. We have two of the best here. Thats all. Breat blog. It gets conversations going thats why we weite them. Thanks.

Mike

Level 7

Hi i understand that. He did one of the greatest things done in history. I respect that and you for writing it. I just wanted to express one of the greatest collectors of all.time . He dies a few years ago at 103. He set up the sale of his massive collection so others could learn about coins and gentlemen like the one you wrote about for many years to come! Thanks. Mike

A.J.

Level 4

I'd say it would take too long, as by the time you get all the coins from now backwards, there would already be another 5 years or so of coins you need to get now. Not to mention you would technically rush out the states the second you get your hands on that coveted 1933 st. Gaudens double eagle.

coinfodder

Level 5

Yeah, it is illegal to own, and there is only one that is not in Fort Knox.

I'd be afraid to do it, and then say "now what?"

coinsbygary

Level 5

No, I don't think it will happen. Though, I'm happy that it did happen. It is to dream of the heights that one could go to amass such a collection. Even though that mountain is too daunting for me to climb it does encourage me in my collecting. Because of encouragement from people like Eliasberg I have acquiring coins that I had never dreamed of owning.

Longstrider

Level 6

Great blog. I'm just trying to get the best collection I can I have a couple of former EPN coins as well as "Col." Green coins. I never thought I could do that. I like reason #3. The Registry sets are truly locking up coins. A rich guy could maybe do it but I believe, like LondBeard, that it would be a multi generation endeavor. Interesting blog. Thanks.

another issue is the fact that Eliasberg did that nearly a hundred years ago; that's a whole hundred years full of not only additional discoveries of different varities, but also the minting of new dates, mintmarks, errors, varities, etc.

Golfer

Level 5

Something for the rich and famous. I doubt anyone will attempt such a set. You need money and the desire.

"SUN"

Level 6

Well done. I don't think it will happen.

Long Beard

Level 5

Great blog. To answer the initial question, that has been my goal for the last fifteen or so of my 46 years of hoarding. I mean collecting. Since I'm no financial executive like the late Mr. Eliasberg having deep pockets, this unrealistic goal set for myself will be picked up by my heir. The only real difference between he and I is that I'm shooting for circulated mid-grade collection. Of importance pertaining to Louis Eliasberg, the bulk of his collection was already assemble by George H. Clapp, which he purchased.

ZanzibarCoins

Level 4

I agree with you in that it probably won't happen again, but then, who knows? Maybe some billionaire with arrive on the scene and luck out lol. It definitely won't be me though unless I somehow strike it crazy rich. :) I guess we'll just have to wait and see. :)

It's Mokie

Level 6

If it gets done, it gets done. It is definitely a game for the billionaires, I am a few billion short of that and could not care less about anyone trying to best Mr. Eliasberg.

Mike

Level 7

You can collect every mint mark of every coin that has them. But then you would not have the greatest collections like Erik Newman.. His sales of his sets are still paying for scolarships and foundations.. It will continue with the trust he had set up. So its good to own a coin with every mint mark a collection of great sets i think is also quiet an Achievement. Bibliorgraphy please i would like to read more. Thanks

coinfodder

Level 5

Mike- This is just a personal opinion on what may happen. The article is just my pure thoughts on the subject.

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