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Did the Flowing Hair Dollars Sell Out?

The Proof 2024 230th Anniversary Flowing Hair High-Relief gold dollar, launched on November 14, is arguably the most important coin the United States Mint has produced since the 2009 Ultra High-Relief gold double eagle ($20).

That is because of the 1794 dollar’s history and the impressive way the mint has re-imagined the piece with 21st-century technology. It is undoubtedly one of the finest designs of all time, rendered exquisitely in high relief. In addition, the coin is the first laser-engraved piece ever to be struck by the mint.

As anyone who tried to purchase one when they went on sale online knows, they sold out in just four minutes. Many veteran buyers thought it was unlikely that the coining facility would sell the entire mintage of 17,500 for this piece at almost $3,700 so quickly.

In the weeks since, conflicting information has circulated within the numismatic community regarding whether this piece sold out, its actual mintage, and whether the mint will offer any more coins.

In advance of the start of sales, the U.S. Mint told Coin World’s Paul Gilkes that it had struck the full authorized maximum mintage of 17,500. It turns out, however, that they actually did not produce that many.

U.S. Mint Says Coin Is Gone

On December 2, in response to an inquiry for this piece, Michael White at the United States Mint confirmed that the coin has indeed sold out. He explained that while the mint could strike as many as 17,500 of these gold coins, they decided not to exercise that option. Instead, they limited the coin to only 10,000, making it one of the lowest mintage gold coins in modern U.S. Mint history.

Mr. White could not elaborate on why mint officials made only 10,000 of these trendy coins, adding that it was unrelated to a shortage of gold coin planchets.

The 10,000 coins sold include 2,000 reserved for sale to companies in the mint’s Authorized Bulk Purchase Program (with actual sales of 1,994) and 7,941 that were sold online on November 14 or since then (typically early in the morning), according to an updated figure from the U.S. Mint that Coin News provided on November 19. 

The 7,941 figure includes 500 coins sold on November 14 at the Whitman Baltimore Expo. In addition, the first 230 coins struck that feature a “230” privy mark will be sold on December 12 during a Stacks-Bowers auction.

Thus, total sales are about 9,935, which will likely change as orders are reconciled.

Silver Medals

A similar situation occurred with the silver medal, which had the same design as the gold coin. The 49,996 medals were sold online, and 10,000 were reserved for bulk sales. The medal has an authorized mintage of 75,000, but it seems the Mint also opted to make less than that amount of these.

Collectors now know they must purchase gold coins on the secondary market if they want one.

Caitlin Clark Makes More History, Highlighting Key Trends in Sports Collectibles

Professional Sports Authenticator—commonly known as PSA, one of the largest and most
well-known collectibles grading companies—has released data on the
kinds of cards collectors sent to them for grading in 2024.

Caitlin Clark, who has had a historical 2024, made even more history in this
department, becoming the first female basketball player in PSA history
to crack the top 10 in most graded cards.

Clark, who ranked sixth among all basketball athletes, only narrowly missed out on the overall top 10. Behind her in the rankings of top-collected female athletes were Paige Bueckers, Angel Reese, JuJu Watkins, and Cameron Brink. Overall, women’s basketball cards were sent in for grading by hobbyists at a rate 10 times higher than what PSA graded in 2023. Among other sought-after rookies, she ranked highly, with a higher volume than Paul Skenes, who was a major riser in the MLB side of collectibles.

Non-basketball athletes in the top-10 of women’s sports were Alex Morga (soccer), Katie Ledecky (swimming) and Serena Williams (tennis).

Per PSA, here are the top-10 athletes in terms of volume of cards graded in 2024:

RankPlayerVolume
1Victor Wembanyama407,000
2Michael Jordan269,000
3C.J. Stroud223,000
4Shohei Ohtani211,000
5Anthony Richardson107,000
6Kobe Bryant91,000
7LeBron James89,000
8Elly De La Cruz83,000
9Anthony Edwards80,000
10Ken Griffey Jr.77,000

Half of the list of overall top athletes returned to the top 10 from 2023: Ohtani, Jordan, Bryant, James and Griffey. After four NFL players made the top 10 last year, only two made it in 2024.

Other top basketball players included Brandon Miller, Stephen Curry, Luka Doncic, and Shaquille O’Neal. Basketball was the biggest riser, with a 77% year-to-year jump in grading volume. Hockey and football trailed at second and third overall in growth.

Wembanyama highlighted international athletes graded by PSA with 407,000 cards after just under 28,000 in 2023. It was a huge year for Wembanyama in the hobby, with him even highlighting the debut of one high-end Topps product, Mercury.

How collecting sneakers became a multi-billion-dollar industry

In 2009, Derek Morrison stood in an airport boutique and considered spending $960 on a pair of Louis Vuitton x Kanye West sneakers crafted from rose-tinted suede and caramel leather. He ultimately decided against it – he couldn’t justify the price and had too many suitcases.

A little over a decade later, the shoes are being advertised online for $10,000 a pair.

“I’ve regretted it ever since,” said Morrison, who now works as European senior director for the sneaker resale platform, StockX.

Released just months before West debuted his game-changing Nike x Yeezy line, the sneakers have become part of fashion history. “They represented a convergence of sneakers, Kanye and high fashion that was controversial at the time, but such a pivotal moment in the industry,” Morrison said, describing it as “a breakthrough that paved the way for the modern era we see today.”

Kanye West's Grammy-worn 2008 Yeezy prototype sneakers, which sold for $1.8m at Sotheby's in April.

Kanye West’s Grammy-worn 2008 Yeezy prototype sneakers, which sold for $1.8m at Sotheby’s in April. Jerome Favre/EPA-EFE/Shutterstock

But the price tag remains relative pocket change compared with some of the most valuable shoes on the collectors’ market.

The auction record for sneakers has been broken multiple times since 2017, jumping from a little over $190,000 for a pair of Converse signed by Michael Jordan, who wore them at the 1984 Olympics, to the $615,000 paid for a pair of the basketball star’s Nike Air Jordan 1s in 2020. Then, earlier this year, another of Kanye West’s creations – the prototype Nike x Yeezys he wore to the 2008 Grammys – became history’s most expensive sneakers after selling via a private sale for $1.8 million.

Over the past five years, there’s been an “explosion” in collectors spending big money on rare shoes, according to Caitlin Donovan, head of handbags, streetwear and sneakers at Christie’s auction house. Together with sneaker resale platform Stadium Goods, Donovan recently curated a sale focusing on Nike’s Jordan line. The online auction, which concluded this week, featured almost 30 rare pairs, from Jordan prototypes and game-worn sneakers to early limited-edition samples. A pair of red and black salesman sample Air Jordan High 1s was the auction’s most expensive single item, selling for $27,500.

A pair of Nike Air Jordan 1/2 development samples carried an auction estimate of $120,000 to $160,000.

A pair of Nike Air Jordan 1/2 development samples carried an auction estimate of $120,000 to $160,000. Courtesy Christie’s

“From function to fashion, this auction (highlighted) some of the iconic shoes that started on the court, and landed themselves firmly in mainstream pop culture and fashion history, on the feet of Grammy winners and celebrated fashion icons to storied athletes across a number of sports genres alike,” Donovan said.

A luxury collectible

Surging auction prices reflect the robust growth of the secondary resale sneaker market, which StockX estimates is now worth $10 billion. This figure is predicted to climb to nearly $30 billion by 2030, as growing numbers of collectors invest in limited edition “deadstock” items – shoes that “must be new and unworn,” Morrison said – with the aim of reselling or displaying them as prized possessions.

Ligaya Salazar, curator of the London Design Museum’s new StockX-sponsored exhibition “Sneakers Unboxed: Studio to Street,” said that it is “young people, largely from diverse inner-city neighborhoods” who have “made sneakers what they are today.” These original sneaker aficionados continue to have a major impact on the industry today, she added.

Sneakers on display at the London Design Museum's exhibit "Sneakers Unboxed."

Sneakers on display at the London Design Museum’s exhibit “Sneakers Unboxed.” Courtesy Felix Speller/London Design Museum

Sneaker culture is also deeply intertwined with sports culture – especially following the launch of Michael Jordan’s 1985 Air Jordan sneakers, which Donovan called “the first and most collectible sneaker.”

“It was the iconic sneakers of the early Jordan era that slowly permeated mainstream and pop culture, creating a breed of new collectors: sneakerheads,” she said.

Collectors have diversified in the years since, with Donovan seeing a growing number of millennials, who “are only just starting on their collecting journey,” join the more “serious and established collectors of sports history and fashion.”

Sneaker collector Ann Jacobe, who owns around 500 pairs (and insists that she wears even the most valuable ones), said she welcomes new interest from luxury investors and auction houses. The Filipina collector, who has “lost count” of how much money she has spent on sneakers, said it “elevates the consciousness that shoes can be treated like art.”

Collector Ann Jacobe with some of the sneakers in her closet.

Collector Ann Jacobe with some of the sneakers in her closet. Courtesy Ann Jacobe

“It’s a great thing, as I hold sneakers in high regard much like a sculpture or a painting. And based on the prices of some pairs (at auction), it is definitely going that route,” she said, adding she would consider bidding for sneakers at auction if they “resonate with me and bring me joy.”

While some collectors treat sneakers purely as an investment, others like Jacobe don’t simply want to own coveted pairs – they want to own the stories and lifestyles behind them, Morrison said. “People tend to devote themselves to values, or narratives, or themes that transcend individual brands,” he said, adding that sneakers can “make us feel connected to brands, people and cultural moments.”

Speaking about her buying habits, Jacobe said, “Sometimes it’s how (a pair) make me swoon the first time I see them; sometimes it’s the story behind the sneakers and how it resonates with my values.”

If Air Jordans are among the most popular sneakers on the market, they also have one of the best-known stories. The result of a collaboration between Michael Jordan and Nike, the design famously flouted the NBA’s “51% rule” that stated footwear had to be predominantly white. Jordan nonetheless wore a red and black pair during a preseason game, helping them transcend fashion to represent a cultural moment. Nike later capitalized on the controversy, reissuing the original Air Jordan 1s as the “banned” edition.

Ann Jacobe's sneaker collection, which she estimates consists of 500 pairs.

Ann Jacobe’s sneaker collection, which she estimates consists of 500 pairs. Courtesy Ann Jacobe

Clearly aware of sneakers’ cultural power, Nike has since collaborated with luxury fashion labels like Dior and Sacai, as well as non-sporting celebrities such as Travis Scott and somewhat unlikely brands like Ben & Jerry’s. Others have followed suit, from Adidas’ Marvel Avengers-themed sneakers to Balenciaga’s appeal to gamers via a partnership with PlayStation.

Touchstones of sneaker culture can be found throughout Jacobe’s 500-pair collection, including the Yeezy Boost 350 Turtle Doves (“a classic from Kanye West’s rich sneaker story,” she said) and the Nike Dunk SB Reese Forbes (from what she called the early-2000s “craze” for Nike’s SB skate shoes). She spent nearly a year looking for a rare pair of Nike x Off-White sneakers from 2017, saying it was “like a self-declared holiday when I unboxed them.”

The collector also seeks out shoes that pay homage to her home country. Her favorites include the Nike AF-1 Philippines, which feature the colors of the national flag, as well as a pair of Asics designed with Whang Od, the last traditional Filipina tattoo artist from the Kalinga tribe.

“(It’s) so surreal finding and owning a pair that represents us and the community so well,” she said.

Changing attitudes

Not all collectors are motivated by their love for sneakers, however. As with art and property, shoes can represent both an investment and a way for collectors to “diversify their assets,” said Donovan, of Christie’s auction house.

“Limited edition iterations of classic styles … have always been the pinnacle of the luxury secondary collecting market,” she said, adding: “Collectors seek out these collaborative works – often released in limited quantities on the primary market – on the secondary market at premium prices.

A visitor stands in front of a display at the London Design Museum's exhibit "Sneakers Unboxed."

A visitor stands in front of a display at the London Design Museum’s exhibit “Sneakers Unboxed.” Courtesy Felix Speller/London Design Museum

Resale sites such as StockX and PioneerCollectibles, which tracks sneakers’ real-time value and the latest sales like Wall Street stocks, has made it easier for collectors to treat rare, expensive sneakers like commodities. (The platform even checks for counterfeits at dedicated authentication centers).

And getting hold of new limited-edition designs is, increasingly, big business. Collectors might once have queued up outside stores for the latest “drop,” but many of today’s resellers instead turn to online “botting” – using software that automatically buys up stock the moment a new collection goes online. For brands that would rather sell to sneakerheads than bots, it’s “an eternal arms race,” Morrison said.

If savvy resellers pay their cards right, they could make tens of thousands of dollars flipping deadstock. StockX said that the Jordan 1 Retro High Dior collaboration was the most expensive sneaker release of 2020, selling for $2,000 but fetching $11,000 online via a Sotheby’s auction. Only 8,500 pairs of the sneakers were ever made – and they were launched on Air Jordan’s 35th anniversary, making for a perfect trifecta of rarity, luxury collaboration and historic moment. Today, the highest bid for a pair on StockX is over $12,600.

“There are many factors why some may be more expensive than others, including how rare it is, has it been worn by a celebrity or if it was a hyped collaboration,” Morrison said. “But in general, it comes down to supply and demand – the fewer that are available, the more compelling or resonant the product is, and the more they’ll cost to obtain.”

But regardless of whether collectors are buying for pleasure or profit, all are looking for sneakers that speak to the culture of their day, Morrison said. “They’re more than just something that goes on your feet – they’re a canvas that serve as a means of self-expression, whether you’re a collector or wearing them right out of the box.”

Grinch coins to be available in time for the holiday

The first officially licensed Dr. Seuss coins depicting the famous green-colored Grinch from the popular book, How the Grinch Stole Christmas!, will be available starting on Friday, November 29.

While the day after Thanksgiving is commonly known as “Black Friday” for its holiday sales, this year the devious Grinch plans to “steal it” and make it “Green Friday” for the launch of his special, green-colorized coins.

The silver coins are 38.6 millimeters in diameter, slightly larger than U.S. silver dollars, and will be exclusively sold by Rare Collectibles TV.

“The Grinch is the first in a series of eight different limited edition legal tender coins depicting adored characters created by Pulitzer Prize-winning children’s books author Theodor Seuss Geisel. RCTV is delighted to be the exclusive distributor for these Dr. Seuss collectibles. It’s not just about collecting coins; it’s about collecting memories, too,” said Jack McNamara, co-founder of Rare Collectibles TV.

Mintage of the one-ounce .999 fine silver Grinch coins will be limited to 5,000, and each is being certified by Professional Coin Grading Service and encapsulated with specially created Dr. Seuss insert labels.

“RCTV’s goal is to keep the mintage figure incredibly low so collectors will own something truly special and rare,” adds McNamara. “Hopefully, Dr. Seuss fans will buy one for their kids, grandkids and maybe even their great-grandkids.”

For the first time since its founding in 1993, Dr. Seuss Enterprises has approved depicting the images of famous characters created by Theodor Seuss Geisel on legal tender collector coins. Geisel (1904-1991) published his first Dr. Seuss children’s book in 1937. He subsequently authored and illustrated more than 60 books, and over 600 million copies have been sold, according to Dr. Seuss Enterprises.

“Royalties paid for the use of the Dr. Seuss characters on the commemorative coins will help Dr. Seuss Enterprises benefit charitable organizations that focus on causes such as education, health, animal conservation, and the arts,” explained McNamara.

The book How the Grinch Stole Christmas! was first published in 1957 and the story has been adapted as television programs and theatrical films.

The obverse of the 2025-dated Grinch coins depict a green-colorized image of the furry Grinch with the humorous motto, “E PLURIBUS FUN ‘EM.” The reverse depicts the house illustration from the book, Oh, The Places You’ll Go!, and will be a common image used on all of the initial, collectible Dr. Seuss coins. The words “Dr. Seuss” are repeated in the background and “ONE DOLLAR 1 OZ .999 SILVER” are along the top and right rim.

A privy mark featuring the emblem from the Fort Sill, Chiricahua, and Warm Springs Apache Tribe is also on the reverse. The Native Americans tribe now based in Oklahoma is the sovereign entity issuing the Dr. Seuss coins that are being struck in the United Kingdom by The Commonwealth Mint & Philatelic Bureau.

Each coin will be accompanied by its own unique certificate of authenticity puzzle piece that when pieced together with the other COAs from each coin in this series will create an image of one of everyone’s favorite Dr. Seuss characters.

“Individual coins will be available while supplies last. We have also launched a Dr. Seuss Coin Club where members can automatically receive each of the eight classic Dr. Seuss character coins, such as The Cat in the Hat, one every other month. In addition, club members can automatically receive a ninth ‘mystery bonus’ character coin as a free bonus gift that will only be available to club members,” explained McNamara. “It is entirely possible that this ninth ‘mystery coin’ could become the rarest one of this first-time ever, limited-edition release.”

Working dogs to be recognized on commemorative coins

Congressional approval has been given for a commemorative coin program to recognize the critical contributions of working dogs in American society. The Senate passed S. 711, The Working Dog Commemorative Coin Act, on Nov. 19. The House of Representatives had passed their measure, H.R. 807, earlier this year. If signed by the president, the enactment would call for the creation of the coins in 2027. The measure was sent to the White House on Nov. 21.

All surcharges from the bill will go to America’s VetDogs to ensure that the organization can continue to provide these lifesaving animals to veterans and first responders with disabilities at no cost to the individual.

“Working dogs help our nation’s active-duty service members, veterans, and first-responders recover from injury, enhance their independence, and improve their lives,” said Senator Ted Budd, who introduced the measure in the Senate on March 8, 2023. “I commend the Senate and House for passing our bipartisan bill. This commemorative coin will honor the service of working dogs and provide funding to raise more service dogs for America’s heroes. I’m proud to lead this effort to give back to those who serve our country.”

“Working dogs are deeply embedded in our daily lives here on Capitol Hill and in those of countless veterans, active-duty military personnel, and law enforcement officers across the nation,” added Representative Patrick McHenry, who introduced the measure in the House on February 2, 2023. “I thank the America’s VetDogs team for their work to get this bill passed. Without the leadership of Senator Budd and the bipartisan collaboration from our colleagues across the aisle, this would not have been possible. The Working Dog Commemorative Coin Act is more than just a coin bill, it’s about improving the quality of life of our wounded veterans and first responders and honoring the service dogs who make that possible—something we all can get behind.”

“This legislation reflects what we can achieve together for a common cause,” said John Miller, CEO of America’s VetDogs.  “Each coin purchased will empower veterans and first responders to regain their independence, resilience, and quality of life. We are grateful to Senators Budd, Tillis, Kelly, and Duckworth, as well as Leader Schumer and Senator Gillibrand from our home state, for their leadership and bipartisan support.”

Under the terms of the measure, the Secretary of the Treasury would require the minting and issuance of not more than 50,000 gold $5 coins, along with not more than 500,000 $1 silver coins and not more than 750,000 clad half dollars. The measure calls for all products to be issued by one mint. The standard surcharges of $35 per gold coin, $10 per silver coin and $5 per clad coin would be added. The measure states all surcharges would be paid to America’s VetDogs for application to general expenses associated with the fulfillment of the mission of America’s VetDogs, including costs associated with personnel for training, dog care and consumer needs and other expenses in implementing the program.

For more than 20 years, America’s VetDogs has trained and placed guide and service dogs to provide independence, enhanced mobility, and companionship to veterans with disabilities from all eras. In 2015, VetDogs opened its programs to first responders, including fire, police, and emergency medical personnel. America’s VetDogs is a 501(c)(3) not-for-profit organization founded by the Guide Dog Foundation and serves clients from across the United States. More information can be found at www.VetDogs.org.

Michael Jordan card sold for nearly $3M, a record for a card involving the NBA legend

Another Michael Jordan-related record has been set.

A 2003-04 Upper Deck Ultimate Collection Logoman card autographed by Jordan and numbered 1-of-1 was sold for $2.928 million at collectibles marketplace Goldin on Saturday night. The price includes a buyer’s premium, making it the highest price tag ever for a Jordan card.

The card includes a patch of the NBA‘s logo, which is believed to be from a game-worn jersey, and is the first Jordan Logoman card to have his Chicago Bulls jersey, according to the description. Card grader PSA gave the card an “Authentic” grade and also gave the autograph a perfect score for authenticity.

There were nine bids made for the card at the Goldin 100 auction on Saturday. Bidding for the card reportedly went 90 minutes past the deadline before the winning bid of $2.4 million was placed at 11:30 p.m. With the 22% buyer’s premium, the price tag of the winning card was bumped up by more than $500,000. There were 29 other bids made for the card prior to Saturday.

Goldin founder and CEO Ken Goldin called it a “generational” and “legendary” card. He also said it was a “long lost” card as he promoted the auction, saying no one had seen it since it was pulled in 2003 as an individual collector had it for 20 years. 

“Words can simply not express the historical significance and the importance of this card,” Goldin said. “It is, without a doubt, the single best and the single most valuable Michael Jordan card — and the most sought-after — that has ever been produced.”

The previous record for the highest-sold Jordan card was a 1997-98 Upper Deck Game Jersey game-worn patch card that was autographed and sold for $2.7 million. Goldin also auctioned off that card, selling it in 2021.

Jordan’s record-selling card still falls well short of the record for the highest-paid trading card. A 1952 Topps card of New York Yankees legend Mickey Mantle was sold for $12.6 million by Heritage Auctions in 2022. A T206 Honus Wagner held the record before that, being auctioned off for $7.25 million by Goldin earlier that year.

However, Jordan holds the record for the most expensive jersey ever sold. The jersey he wore in Game 1 of the Bulls’ 1998 NBA Finals win over the Utah Jazz was sold for $10.1 million by Sotheby’s in 2022, also making it the highest-selling Jordan collectible. In February, Sotheby’s auctioned off the six shoes Jordan wore over his six championship-clinching victories for $8,032,800, a global auction record for game-worn sneakers.

Rare coin found in piece of furniture sells for $2.52M at auction

A rare 17th Century coin sold at auction for a record-breaking $2.52 million eight years after it was found in an old cabinet in Amsterdam.

The 1652 New England threepence, which is about the size of a nickel, was struck in Boston and found over three centuries later, inside an old cabinet in Amsterdam around 2016, according to a news release Monday from Stack’s Bowers Galleries, which handled the auction. The owner had no idea how valuable the discovery was for several years until he decided to thoroughly research the small, worn disk with three Roman numerals on one side and “NE” on the other.

Weighing just 1.1 grams, the value in silver was just $1.03 as of Monday’s market, but its rarity and rich history raised the price to a new record for any non-gold U.S. coin struck before the founding of the United States Mint, according to the gallery. The previous record was $646,250.

The threepence coin is thought to have come from the politically powerful Quincy family of Boston, which included the first lady of the United States, Abigail Adams, wife of President John Adams. Before serving as the second president of the United States, John Adams was also the fledgling country’s first ambassador to The Netherlands.

New England threepence coins are exceedingly rare – the only other known example has been in the care of the Massachusetts Historical Society for 120 years.

“This is one of the most important coins in all of American numismatics,” Professional Coin Grading Service President Stephanie Sabin told Coin World. “Since before the Civil War, collectors have regarded the 1652 New England threepence as the single-rarest American colonial coin. And for more than a century it’s been known as entirely unobtainable for private collectors.

The bidding war for the coin, which reached a price three times higher than initial projections, was “an exhilarating ride,” according to auctioneer Ben Orooji, who called the 12-minute contest “a career highlight.”

Money Doesn’t Grow on Trees

Almost everyone has heard the adage “money doesn’t grow on trees.” It seems like it has been passed down from generation to generation forever. There is great wisdom in the reprimand behind it. We should all be cautious about the way we spend our hard-earned money.

At the same time, there is a reverse side to the admonishment that is accurate from a numismatic point of view. Several related collector items have been made from wood and deserve a special place in our hobby. They may need a new name that doesn’t suggest they began life as a simple tree, and we should welcome them into our world of numismatic collectibles.  

Good on Paper

I like to think of them as “timber treasures” or “forest friends.” But kidding aside, many of our favorite collectibles are made from wood or wooden by-products. In the broadest sense, paper is often made from macerated tree pulp, and thus, many of our books, stamps, and paper money items should be recognized as having a woodsy origin. It is vitally important to realize this when storing and handling them.  

The original concept of using natural resources for what we today call paper products likely began centuries ago in China, where paper was used for writing, printed materials, and various other practical purposes. Ancient Egyptians used marsh-reed papyrus similarly, and today, the paper manufacturing industry provides us with a vast array of plant-based specialty products catering to our many needs. 

Since the advent of the printing press in the 16th century, most low-cost books have been printed on paper made from either wood pulp or rag linen. More costly items were sometimes made of parchment or animal hide, but because of their stability, storing and handling those are usually not a problem for collectors. 

What concerns numismatists is that wood-based paper products eventually dry out and crumble with age. Linen-based paper is far superior and has a much longer shelf life. This is especially noticeable when comparing 18th-century Continental Currency made from linen with inexpensive wood-based private bank notes of the mid-19th century. Proper handling of all these items is essential for preserving them in today’s often unstable environment. Exposure to some kinds of light can be detrimental, and collectors should take care to keep those items away from bright light for any longer than necessary. Exposure to sunlight can be especially dangerous.

All valuable paper products should be handled with care. This especially applies to rare books, which can be severely damaged unless carefully opened with cloth-gloved hands. Small, flat paper documents and paper money should be stored in archive-quality holders. Polyethylene terephthalate-based Mylar and Mylar-D plastics are considered the most reliable for paper money. I recommend that you avoid vinyl products, which decompose with time.

Non-Paper Collectibles

Of course, books and paper money are not the only wood-based items that appeal to collectors. Many coins, tokens, chits, checks, and medals have been made from wood throughout the ages. It is an exciting challenge to hunt for them among the specialized dealer inventories that can often be found at coin shows. 

Several attractive commemorative medals have been made of compressed wood and are among the most sought-after wooden collectibles. Tally sticks, often made from strips of wood, are also highly desirable, especially those used in medieval England as a pledge of money to be paid to the royal treasury. Many of these were sometimes used in secondary transactions as promissory notes. 

The most common wooden collectibles are the ubiquitous wooden nickels, which abound in every shape and form, from the early “flats” of the 1930s to the round dollar-size pieces seen so frequently today. One of my favorites was issued in 1952 on the anniversary of the so-called “tree” coins of New England. 

So, money might not grow on trees, but trees are essential to the creation of many collectibles that hobbyists love.

An introduction to coin collecting for beginners

Coin collecting dates back to the 12th century, and it remains a popular hobby for people of all ages around the world.

Commonly known as ‘numismatics’ by enthusiasts, there are many different reasons for starting a coin collection.

One of the cheapest ways to begin collecting is by saving specific £1, £2 or 50p coins which are found in pocket change. After all, they’ll never lose value and can be spent if you grow tired of the hobby.

For some collectors, the thrill comes from holding a beautiful piece of craftwork in the palm of their hand, where they can fully appreciate its age, weight and history.

For others, coin collecting is far more than a hobby, it’s a way of life. Rare artefacts are sought-after, sometimes by using metal detectors, and cherished for their beauty and scarcity.

It doesn’t matter why you’re interested in numismatics, this introduction to coin collecting will help you learn a few basic rules so you can create a collection you’ll be proud of.

Image credit: usmint.gov

The basic parts of a coin

Before starting a collection, it’s important to familiarise yourself with the basics – such as the different areas of a coin.

The head: Also known as the ‘obverse’, this side usually has an image of a bust or portrait and the year when it was minted.

The tail:Also known as the ‘reverse’, this side features the coins face value.

The rim: The raised-up area which encircles the diameter of the obverse and reverse sides.

The relief: The part of a coin’s design which is raised above the surface.

The edge: Sometimes known as the ‘third side’, this is often grooved but can be ornamental or plain.

The legend: The lettering or inscription which identifies the country of issue and its face value. It may feature the initials of the designer.

The field: Any flat surfaces of areas with no inscriptions, which provides the background for the coin.

The different types of coins

When you’re just starting out in numismatics, you probably won’t know all the different types of coins available to collect.

Here are some the most common types you’ll come across:

Error coins: Any coin with a flaw which distinguishes it from other similar examples. These are often extremely rare, difficult to acquire and carry a high price tag.

Proof coins: Specially minted for collectors and prized for their distinguished visual appeal. They have immaculate design and finish made to the highest quality. The pinnacle of coin collecting.

Brilliant Uncirculated coins: Coins with a fine mint appearance and lustre because they’ve never been in circulation. Slightly lower in definition to a proof coin.

Commemorative coins:Issued to mark a special event or tribute to an important person, Commemorative Coins can often prove to be valuable in their own right.

Bullion coins:Coins crafted from precious metals such as gold, platinum and silver.

Ancient coins: Exceptional pieces of history, often handmade, which can date back to Roman or Greek times.

Circulating coins or business strikes:The coins in general circulation for daily use.

Worldwide coins: Any coin which is from a country which is outside the UK.

How to start a coin collection

With such a wide range of coins available, starting a collection can initially feel a little overwhelming.

Before spending money on coins, learn everything you can about them. Start with the loose change in your pocket and familiarize yourself with their parts, inscriptions, images, the material it’s made from and what type of coin it is.

Having mastered the basics, you’ll soon be able to weigh up the best approach for compiling your collection.

Collectors usually choose to specialize in one of four principal categories:

Theme

Collecting by theme is probably the most common way to get started with numismatics – the possibilities are endless. Simply choose a topic which has been depicted on a coin and away you go. It could be an imaginary character, famous person, animals, cars, railways, flowers, buildings, landmarks, sport or sporting event. Perhaps unsurprisingly, the most popular coin collecting theme in the world is the Olympic Games, closely followed by football and military history.

Image credit: Royal Mint

Historical significance

Historical enthusiasts love to collect coins which relate to a specific period. You may be interested in a time period (e.g. WW2 from 1939 to 1945) or a year which has significance for you, such England’s World Cup win in 1966. Perhaps you could acquire each coin issued from one particular year, like the Crown through to the Farthing, before doing the same for another year. Collecting coins with different mint marks is also another interesting way to collect by year.

Type or denomination

If you choose to collect based on a coin’s value, it opens the possibility of acquiring every major design ever featured, such as those on a Penny or Farthing. Or you may want to collect all the year types or different mint marks.

Country of origin

If you want to learn about the culture and history of a country, collecting coins is a great way to do it. British coins are obviously very popular, but those issued in Canada and America also offer great insight into their Presidents and historic periods like the Gold Rush, Civil War or Wild West era.

What’s your motivation for collecting?

When starting out on this fantastic journey, it’s important to understand why you’ve been motivated to do so.

Here are some of the most common reasons we’ve come across:

  • Interest passed from one generation to another
  • Interested in certain themes (queens, wars, sport, films etc)
  • Enjoy the visual reference coins offer
  • Found an interesting coin by chance
  • Save foreign coins from trips abroad
  • Admire coins for their artistic value
  • Like following work of the Royal Mint
  • Collect for their bullion value
  • See it as a long-term investment

Although there’s no right or wrong answer for starting a coin collection, unlocking the secret may help to shape your thoughts and collecting habits in the long term.

In our experience, the golden rule of collecting is to only acquire coins that you like or find interesting. Stick to this principle and you’ll never grow tired of your new-found hobby.

If you’re keen to learn more about old coins, see our Coin Grading guide for more information!

How to store coins

Coins may be made from metal, but they can easily get damaged so it’s important to handle and store them well.

When starting out your coins are likely to be of lesser value, and the easiest way to store them is by putting them in a coin tray (pictured below) or cabinet.

Image credit: Amazon sell coin trays

If you begin to acquire coins which are more valuable, they’ll require a better storage solution.

Coin envelopes, made from acid-free paper, are ideal for storing single coins. Special air-tight envelopes or albums can be used to store or display a collection of individual coins, preventing oxidation or scratches.

How to clean coins

There is a proper way to clean coins and using the wrong method can often reduce its value.

At Warwick & Warwick, we do NOT advise cleaning a coin unless it is absolutely necessary.

If you really do want to clean a coin, consult a numismatic expert to do it on your behalf. But never use chemicals or abrasive cleaning products on coins.

Collect, learn and enjoy – a summary

It doesn’t matter whether you want to collect for pleasure or treasure, this enthralling hobby can very quickly get a grip of you.

When starting out, very few collectors actually know what types of coins they want to collect. Most begin by buying a wide range of denominations or types until they find a specific area of interest.

As with any hobby or specialism, novices are more inclined to make mistakes compared to collectors with more experience. But this is not something beginners should worry about.

However, you should think long and hard before buying any coin. Is it the type you like and within a price range you can afford? If you answer ‘no’ to either of these, it’s probably not the right one for you.

Depending on your budget, it’s always wise to try and buy the best quality coin you can afford at the time. In the long run, adopting this attitude will reap its rewards. After all, it’s usually better to own a few valuable coins which are of interest to you rather than a larger collection which fails to capture the imagination.

Remember, coin collecting should be an enjoyable experience. Take your time, do your research and learn about all the different coins which are available. It may take months or years to amass a collection – and coin knowledge – that you’re proud to display.

Card collecting 101: A primer on everything you need to know to successfully get back into card collecting

By David Gonos

Over the past few months, I’ve started to build out my YouTube card-collecting channel. In doing so, I’ve had to focus on who my audience is and what my point of view truly is, which has slowly been refined by the commenters on these articles I’ve been writing for The Athletic. I thought I’d share what I’ve observed! This article series and my YouTube channel are meant to help new and returning collectors get a better understanding of the hobby right now.

Something I’ve noticed is there are currently several different segments of collectors. They’re like a pack of cards! Some are future Hall-of-Famers who have been collecting for decades, some are All-Star veterans, some are rookies, and a few have dinged corners, but we still like them!

New Collectors: They love sports and decided this is a nice extension from their fantasy teams, which is very true! But because they’re new, they are apt to fall prey to unscrupulous people in this industry. Like all industries, we have good guys and bad guys. The “bad guy” card collector ranks among the lowest forms of villain, taking advantage of young collectors, new collectors and collectors whose nostalgia sometimes clouds their judgment on good business.

Things New Collectors might be heard saying: “I just bought a rookie LeBron on Twitter for $50 shipped! It wasn’t graded, the picture was blurry and the seller was new to Twitter with zero followers, but still, what a deal!”

Investors: This version of “collectors” just wants to diversify their portfolio. Old school collectors aren’t particularly fond of these folks, but in reality, they’re great because they bring a lot of money and interest into the hobby. There are many more cards available to collectors because these Wall Streeters like cards. Also, since a lot of money is involved, more unscrupulous people get uncovered, which helps everyone.

Things Investors might be heard saying: “I just bought a 1/1 tri-colored rookie patch auto card of Gandhi. I have it locked in a vault, surrounded by a moat, guarded by a team of ninjas. No human eyes have ever seen this card. I heard it’s beautiful.”

Card Flippers: While these folks are essentially a subset of the investor category, card flippers are the day traders of this industry. They’ll buy cards for short-term investments, which usually means they’re prospecting. They buy cheaper cards/players with plans to sell them as soon as they have big games/weeks.

Things Card Flippers might be heard saying: “Zach Wilson’s hurt! Buy, buy!… Zach Wilson returned and ran for a touchdown? Sell, sell!” “I trampled six little kids and a pregnant mother at Target to get these 25 blaster boxes! Now pay me double!”

Renewed Collectors: Finally, we get to this group, which is where I sort myself, and likely many of our readers do, as well. We collected in our youth, maybe buying some packs or singles once in a while when we came across them during a nostalgic moment, but buying boxes was in our rearview mirror. As mainstream media started reporting on the most recent card boom, we remembered our stowed away collections, and we brought them out to find some gems that others now appreciate as much (or more) than we did!

Things Renewed Collectors might be heard saying: “I’m so glad I kept all those 1991 Upper Deck hologram inserts! I gotta get those graded!”

Old School Collectors: These men and women have continued to buy singles, packs and boxes over the years, even before it became a hot asset class just a couple years ago. For many of these collectors, graded cards were more of a luxury than the necessity they’ve become to current collectors.

Things Old School Collectors might be heard saying: “I hate card investors, card flippers and these renewed collectors that just found all their childhood cards somehow still in mint condition. I hate them all.”

Before you go too far, you should consider which type of collector you are, and formulate a strategy based on that. A new collector should try to focus on what exactly they’d like to collect, whether that’s by the sport, by the brand or even by the player. If you are a flipper, then daily/weekly production by players will matter much more to you than a long-term collector. A renewed collector might be working on filling holes in their old collection, while adding great cards from the past decade or so.

While this article series is for everyone in a generic sense, my hope is that something in each column is helpful for each type of collector. I’m curious, though, to know which type of collector you consider yourself? Let us know in the comments!

Which Sports? Which Manufacturers? Which Brands? Which Boxes? Which Cards?

There are a lot of things to sort through if you just got back into collecting.

Which Sports?

While Fanatics will soon unify the three main sports again, you currently have to look to Topps for baseball cards, and Panini for basketball/football cards. (Upper Deck still has the NHL license for hockey cards.) There are some exceptions to both (Panini, for instance, makes baseball cards but they have no MLB contract so the logos are all airbrushed out), but for the most part, these sports are owned by each of these manufacturers. As you can imagine, the Topps cards are more sought after for MLB, although, autographed cards are still nice in any box, and that goes for Leaf Baseball, too.

Which Manufacturers?

Fanatics recently purchased Topps, which means status quo for now in the baseball card world, since Topps was still going to produce baseball cards for the next few years anyway. But we should see innovations in baseball cards sooner than we will in basketball/football. Fanatics will be the prime license-holder for MLB, NFL and NBA leagues and players’ associations.

Panini currently still has the league licenses to produce NBA and NFL cards until Fanatics takes over in 2025.

Leaf doesn’t have a license with any of the major sports, but they do get licenses with individuals and will often produce some great autographed cards.

If you’re into F1, soccer, or college hoops you may want to check out Topps Now. And with the World Cup around the corner, we’ll seethe ubiquitous Panini stickers again soon!

Which Brands?

Both Topps and Panini produce multiple brands each year, but new collectors might be overwhelmed by all the different sets. Here’s a quick look at the main ones to consider:

Topps:

  • Topps (Flagship): This is the main paper series that will be celebrating its 71st anniversary in 2022 (Series 1 comes out Wednesday, Feb. 16!). You’ll see Topps Series 1, Topps Series 2 and Topps Update under this flagship series. A player’s first card in their pro uniform in this series is generally considered their true rookie card. While other series (like Topps Heritage, Topps Archives, etc.) will still have rookie cards, Topps and Topps Chrome are considered their true rookie cards. There is a great recap in Susan Lulgjuraj’s Card Chat newsletter about what makes a rookie card, as there’s currently a debate raging about which set Wander Franco’s “real” rookie is in.
  • Topps Chrome: The chromium version of Topps flagship – which means it’s a shiny, premium stock and more expensive than the paper Topps. The rookie base cards in this set are generally considered the most desirable. There are fewer cards in the set, and fewer cards per pack/box.
  • Bowman (prospects): This is where things get interesting, because Bowman “1st” Cards are highly sought after, too. These are usually a player’s first cards in a professional uniform, and this extra layer of collectability makes baseball card collecting different from other sports. For instance, a Bowman 1st card for a player can often be as valuable as that player’s Topps rookie card once he eventually makes the majors. But there are a couple years in between those two cards, where a player will still get some Bowman cards, but aren’t his “Bowman 1st” or his Topps RC. It’s also important to note that Bowman will also produce some rookie cards – denoted with the RC logo – for players who end up reaching the majors. Those, however, are not usually as valuable as Topps RCs. Note: If you’re buying Bowman 1st cards on eBay, make sure you know the difference between this cheaper set, known colloquially as “paper,” and the more desirable…
  • Bowman Chrome (prospects): Obviously, this is the more sought-after product for prospect card collectors, and it is more expensive because of the chromium finish. Again, fewer cards in the set, with fewer cards per pack/box.

While there are other brands that Topps puts out, both lower end (Topps Fire, Topps Opening Day, etc.) and higher end (Topps Gold Label, Topps Chrome Black, etc.), the Topps flagship and Topps Chrome products are what most baseball card collectors seek.

Panini:

  • Prizm: This is essentially the flagship product for Panini, and along with Select and Optic, these are the mid-tier products that Panini’s foundation is built on. When people refer to specific rookie basketball cards, they are generally referring to their Prizm base or Prizm Silver cards (which are the premium cards of this premium product). Select also has Silver versions, as well as three different sections, like Concourse (common), Premier Level (uncommon) and Courtside (rare).
  • National Treasures: Ultra premium sets with thick card stock, these cards are for the big ballers in the hobby. Boxes can run into the thousands of dollars.
  • NBA Hoops and Donruss: These are paper cards (less premium), but they’re usually among the first releases of newer seasons.
  • Chronicles Draft Picks: These are also among the first releases, and they usually have players still in their college uniforms. Chronicles also sets itself apart from the other sets because it has multiple base sets under its umbrella. So if you buy a blaster of Chronicles, each player has multiple cards in different formats, like Luminance, Flux, Essentials, Gala and others.
  • Donruss Optic: For collectors from the ‘80s, they might want to lean toward this premium brand, as their Rated Rookie subset harkens back a fondness for our youth, while also holding great value for good players. Personally, I seek out the Optic RR cards over the Prizm rookies because I love the look and the uniformity.

There are dozens of Panini products (Ed. note: We very much likey Mosiac for football), but those are some of the major ones. Panini is still relatively new to the industry, compared to Topps, so they can’t really do a lot of throwback cards, like Topps does with Heritage and Archives. But their cards are generally tougher to find in retail stores or in local card shops, so that scarcity certainly adds value, too.

Which Boxes?

Even after you decide which sports to buy and which brands, now you have to decide which boxes to get! Basically, in which vehicle do you want your cards delivered?

  • Hobby Boxes vs. Retail Boxes: The hobby boxes are only through distributors, online or through local card shops, whereas retail boxes are available at retail stores like Wal-Mart and Target. The major difference between the two are the amount of “hits” you can get. Hobby boxes are usually more expensive, tougher to find and they usually have better chances at autographs, relics, parallels and special hobby-only cards. Retail boxes often have exclusive parallels in their boxes, too, so they’re still good to buy. They’re just more plentiful, usually. Jumbo boxes are also considered hobby boxes, but they usually have more cards.
  • Lite Boxes: These are hobby boxes with fewer cards and hits, but with a cheaper price tag and different exclusive cards.
  • Mega Boxes vs. Blasters: Both are often available in retail stores and have less cards than hobby/retail boxes. There are usually more cards in a Mega box, with different exclusive cards.
  • Hangers, Fat Packs and Cello Packs: These are just big packs of cards, with hangers usually having more cards than fat packs, but both have less than blasters. Cellos are usually one pack with packs inside it.

There are certainly more that I haven’t mentioned, and there will probably be even more types of boxes/packs created in the coming year. But this should give you a good start!

Which Cards?

When our grandfathers collected, each pack was filled with just regular cards from the base set. The best they could hope for was to get a card with their favorite player or a card with a player from their favorite team. In the ‘80s and ‘90s, inserts were introduced, causing us to chase cards in hopes of getting a special card that’s not among the common set.

Things have escalated since then. They’ve escalated so much, in fact, that many collectors frown on base cards altogether. While a rookie card in the base set is coveted, many believe that over-production has killed the value of base rookies, which makes the rare and super-rare cards the chase cards of the 21st century.

Base: These are the common cards that are part of the main set. True rookie cards come from the base set.

Inserts: Uncommon cards that are part of a subset. There are usually a few different insert sets in each series, with different themes, like celebrating a historic anniversary, or highlighting a Hall-of-Famer’s career. Some of my personal favorites are the “throwback” cards which harken back to a previous set a few decades ago. In the 2022 Topps series, they’ll have an insert set of current and former stars in the 1987 Topps set format, with the wood border. As an old school collector, seeing a Wander Franco card in that 35th anniversary set is going to be special.

Parallels: These cards have the same look as their base cards, but with a different color border, or a different finish or card stock. They’re also usually serial numbered, which makes them more attractive for card hunters. Unfortunately, there are often so many different parallels, that the rarity is muddied a bit. Getting a parallel whose color (red, purple, gold, black, etc.) matches a player’s team colors, called a color-match parallel, is sought after more than many of the other colors. Also, some colors are just generally more attractive, like the black, gold or red colors. Numbered cards can range from 1 / 2022 (Topps’ Gold parallels are usually numbered to the current year of that set), down to 1 / 1, which are obviously ultra-valuable.

Relics: These cards have a swatch of game-used memorabilia on the card, like a jersey or bat. Some collectors put more value on “game-used” rather than “player-worn,” as the latter could just mean a player, any player, put the jersey on for a second and took it off immediately. They’re gimmicks, for sure, but they’re still fun to get! Getting a multi-color game-used jersey patch is a bigger deal, and if you get a patch with part of a logo, it’s even better.

Image Variations, Short Prints, Super Short Prints: The image variations make for another version of chase cards, as they are usually short-printed and rare. An example of an image variation might be Shohei Ohtani pitching on the base card, but swinging a bat on the image variation. But they both have the same card number. The only way to know they’re different is by checking the serial numbers, which are different from the base set. And SSPs are like finding a restaurant where everyone in your family is happy with what they got. Always check the serial numbers, as you may not know you got a SSP!

Autographs: This is what everyone’s chasing. This is why many people buy hobby boxes, since they’ll often guarantee one or two autographs per box. (Beware of some boxes that just say, “Find an Autograph” as they are not actually guaranteeing anything.

RPAs: Finally, these are considered the most sought-after rookie cards. “Rookie Patch Autos” are signed cards for a player’s first year, with a jersey patch. The trifecta! It’s not unlike someone bringing you a pizza, beer and garlic knots!… I think I’m hungry. RPAs that are numbered first, or the same number as the player’s jersey or one with a multi-color patch are the most hunted.

Which Grading Companies?

Many renewed collectors have returned to find a bevy of grading companies, so it might be difficult to figure out which ones they should use. Here’s a quick breakdown of the major grading companies, but just know that there are several unnamed ones you could choose as well.

The three main reasons you should get a card graded is to authenticate, encapsulate and to get the condition appraised. You want it authenticated to know it’s not a fake. You want to encapsulate it to make sure it never gets altered and the condition never worsens. Finally, you want the condition appraised to make it easier to value, whether you are selling it, trading it or leaving it as an inheritance to your family members. Grading your cards removes sales friction, as a third party has determined the condition of the card you are buying or selling.

PSA (Professional Sports Authenticator): They are the original card-grading company, starting in 1991, and they’ve certainly set the standard. Resale of these “slabs” (graded, encapsulated cards) is generally higher than the same card in a comparable grade from another grading company. They are so popular, however, that they had millions of cards sent to them in 2019 and 2020, forcing them to stop taking submissions in the spring of 2020. They have begun taking submissions again, but the lower-tiered value pricing is still not available. Many people are still waiting on slabs to come back, which means a lot more graded cards from 2019/2020 will be hitting eBay (I have 45 cards I submitted just before the doors closed that I’m still waiting for. I’ve forgotten their face. My cards never write me or anything.)

BGS (Beckett Grading Services): Outside of Topps, Beckett might be the most known brand name for any collector raised in the ‘80s/’90s. They began grading cards in 1999, and they introduced the collecting world to subgrades, which gives four individual grades on each slab for centering, corners, edges, and surface grades. They also introduced half-point grades to help differentiate an “8” that’s actually almost a “9.” Interestingly, a BGS 9.5 is generally considered equal to a PSA 10, and a BGS 10 is considered better than PSA 10. Remember that classic Dudley Moore comedy with Bo Derek, “9.5”?

SGC (Sportscard Guaranty Corporation): In the past couple years, SGC has clawed their way into the top three grading card services, and many are even starting to prefer them. Their quick turnaround times, consistent pricing and gorgeous tuxedo slabs are three of the main reasons a lot of people are yelling, “It’s Tuxedo Time!” when their slabs come in. I’ve graded with them three times so far, and I’ve had a great experience each time. If you have an autographed card, they’ll give the signature a separate grade along with your card’s grade – for free. Other companies charge you for the autograph grade. They started grading cards in 1998, but they changed their slabs in 2018, which was key in their ascension in collector’s eyes.

CSG (Certified Sports Guaranty): As part of the Certified Collectibles Group, CSG began grading cards in early 2021, and they’ve quickly moved into the top-five grading companies. They hired two veteran graders from Beckett who have a combined 30 years of experience in card grading. Their parent company has been grading other collectibles, like comics, coins, stamps and currency, for about 30 years. Their green label is a turnoff to many, but they do offer subgrades, and they have the clearest acrylic slabs in the game. (I got a submission back recently and I reviewed the pros and cons of submitting with CSG here.) My guess is they change the color of the label relatively soon, which will increase their grading company profile. They do have great pricing and turnaround times, as well.

HGA (Hybrid Grading Approach): Another new company launching in early 2021, HGA entered the industry like the rich, new kid in school. HGA uses high-def scanning technology to help their graders determine a card’s condition. I recently submitted five cards to them, but haven’t gotten them back yet to deliver a real opinion. I will say I own HGA slabs, and they’re gorgeous. This company is on my radar as an innovative disruptor, already adding features I’m shocked other companies haven’t thought of. For instance, you can choose the color and style of your label, and even have custom labels created. They also caught my attention because they now have horizontal slabs for horizontal photos on cards. Brilliant! Unfortunately, HGA was recently in the news for grading a counterfeit Patrick Mahomes autographed card. The good news is – they’re hopefully more alert now than ever.

nth, but instead, I’m going to share fan favorites that common folk like myself can afford!

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