Is it ethical to gamble millions of dollars away instead of using that money to help poor folks?

A news report today says that the former basketball star Charles Barkley has spent about 10 million dollars gambling. If he has lost that much money, why not just give it to those who could use it? Maybe he can afford to lose the money, but couldn’t that money have been used in a better way?

Gambling in just the state of Nevada employed more than two hundred thousand people in jobs where they earned a total of more than eight billion dollars. The state itself took away one billion dollars in taxes. Over fifty million people visited the state to engage in gambling there, and spent more money on hotels, food, and entertainment which in turn employed any number of other people and was taxed as well.

So let’s not pretend that NOBODY benefits from legal gambling that goes on. If it were ended tomorrow it would put ridiculous amount of people out of work, cripple some state economies, and arguably not even stop a single addict from continuing to gamble illegally. It may be worth mentioning that there are many, many ‘respectable’ professions that are really little more than gambling as well – investing in stocks, businesses, and so on, for example.

Link below for statistics.

Published on 30 Nov 2009 in Dollars, by admin

8 Comments >>

What is the value of a 100 count sealed bag of Pennsylvania state quarters?

I have 2 100 count bags of Pennsylvania state quarters and would like to sell them. One is from the Philadelphia mint and the other is from the Denver mint. I bought both bags directley from the US Mint when they came available and they have been setting in my closet unopened. I have checked the prices on ebay and just don’t understand how a bag can sell for 200 dollars and the next bag not even get a single bid. I also have 2 bags of New Jersey Quarters…any opinions welcome…thanks, Vince

The bag in whole may not be worth much more than face value. Alot of collecters now are into collecting error coins and there have been quite a bit of state quarter errors identified. If I were you I would hold onto them for the time being. If you are not forced to sell them, the price can only go up.

Published on 29 Nov 2009 in Quarters, by admin

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Where is the best place to find wheat pennies?

I want to get some wheat pennies but I do not want to go on Ebay. Is there any place that sells rolls of unsearched Pennies? Does the store sell rolls of pennies that diare not brand new?
No, wheaties are worth the same as any other penny, unless they are red or made of steal and VERY old.
Sure how mcuh for them?
I’m 100% American.. yes they do have them in the states. I found like 5 but lost them all and i didn’t read the dates.

Maybe at a coin or antique show.

Published on 29 Nov 2009 in Pennies, by admin

17 Comments >>

how do you easily tell the difference between copper and bronze pennies?

I got 1940 penny and a 1958.. they are wheat Pennies and we wanna know how much they could be worth if they are 100% copper.

Didn’t know there were bronze pennies in last century. I’d know the smell and taste (ugh) of copper though – very metallic.

Published on 28 Nov 2009 in Pennies, by admin

9 Comments >>

Can coin collecting be a good investment or is it too risky?


I would suggest collecting coins for the love of it. I wouldn’t plan your retirement around a coin collection. Collecting goes in and out of favour, different themes come into fashion for collectors and base metal prices fluctuate. There can definitely be a financial reward to it but you also need luck, the passage of time and sound knowledge of the coin marketplace.

It can be a lot of fun but it can also be very expensive too.

Published on 28 Nov 2009 in Coin Collecting, by admin

5 Comments >>

What do I do with all those Canadian quarters?

My jar is getting full of Canadian coins especially Canadian Quarters. I called my bank and they don’t accept them. I was hoping that I would trade them for american coins. Any suggestions on what to do with them?
Instead of traveling to Canada just to trade in the American coins!

Take ‘em to Canada.

Published on 26 Nov 2009 in Quarters, by admin

1 Comment >>

I have a half roll of 1964 PROOF dimes and would like to have them graded,which service would be best?

These Dimes are untouched by raw human hands,They all have a super mirror finish.Remember this is the last year that proofs were minted @ Philly.So what would their value be if graded?

Go with Chris on this for the coins do not, as he said have a great value and it will cost more than the coins are worth to grade them. On rare coins that cost can be add on to the coins value to be paid in the end by the buyer. That is not true of coins that don’t have much of a value yet. It is best to wait and see where their value goes in the next few years. By the way the Philly mint still makes proofs, but not proof sets, a lot of modern proof commemorative coins are struck there. I hate to see you waist your money now.

Published on 26 Nov 2009 in Dimes, by admin

2 Comments >>

What is a good way to get started in coin collecting?

I have a lot of "proof sets" though I doubt they are worth a crap, I like them anyway.

It’s such a broad, huge field how do you know where to start?

Do you just pick a coin you like (I like Mercury Dimes and Morgan Dollars) for instance and go with it or what?

Thanks for the input.

Coin collecting is a very large field but you already like 2 types of coins that have a great following. Winged Liberty Dimes (Mercury) are great coins that are also quite beautiful. I have 2 complete sets. Morgan Silver Dollars are a fun thing also. I knew that I would never be able to complete the set due to a few very expensive coins. I also did know that I could complete a date set, that is one of each date. I made sure I had all the mints included and also was lucky enough to get some of the scarce dates also. I have a nice set and work on making it better grade wise. I have collected for a long time so I have interests in most all coins. Right now I am working on ancient Asian coins. I buy the proof sets also and some were a good buy and others were not. As you get into coins and learn more you may want to buy books and study coins, do research, if or when that happens you will become a numismatist. It is a great hobby and one can even make a few buck by knowing more about a series than the dealers do but don’t let them know that. have fun

Published on 26 Nov 2009 in Coin Collecting, by admin

3 Comments >>

What is the easiest way to tell the difference between all of the 1982 pennies?

I was wondering because I have tried some ways that i’ve heard of and they didn’t work. Anything that might work will help because those slots are the only thing open in my volume 3 collection of Lincoln Pennies.

Your 1982 (US Cents) came in large Date & small date, 1982-D, 1982-S, 1982-D large date & 1982-D small date. To identify each you should acquire the 2009 a guide book of U.S.Coins by R.S. Yeoman or any other reference book on coins. Perhaps you could check your public library.

Published on 25 Nov 2009 in Pennies, by admin

1 Comment >>

how do i know how much nickels from 1940 to 1965 are worth?

i started to collect Nickels and i need to know how to find the value of certain years and also how to find the serial number for each year?

The only nickels worth anything in this range of years, are the silver war nickels 1942-1945 and the 1950-D. The war nickels sell for.75 to around $3.00 in high circulated grades. The 1950-D sells for around $16.00 in uncirculated. These are retail so you would get at least 40% less. I gave you the uncirculated price of the 50-D, for most were saved and it is hard to fine a circulated one. Nickel do not have serial numbers, but do have mint marks. The war nickels have the mint mark over the dome on the reverse of the coin. The other years have it to the right of the building and it is small. In 1968 the mint mark was moved to the obverse next to the date. A large P or no mint mark means it was minted in Philadelphia, a D large or small in Denver and an S large or small in San Francisco. Unless the coins are in high mint state grade or are some of the rarer types, the set is not worth a lot. If you have the 1943/2-P over date, 1943P double eye,1945-P double die reverse or the 1949-D over S these command a larger premium. Either at a coin dealers shop, or magazine store, try to find a price guide magazine like Coin Worlds Coin Values. If you intend to collect coins it would not hurt to get what is called a Red Book, for it is full of information even though the pricing may be off some. It is printed once a year and things happen. See a coin dealer for the book.

Published on 25 Nov 2009 in Nickels, by admin

7 Comments >>