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Coin and Paper Money Collecting/NYC Subway token Small Y NOT cut out
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Question
Hi Ronald,
Happy New Year. I hope you enjoyed your vacation.
I came across a small Y NOT cut out 1953 New York City Token. I've been trying to figure out its value and I came across your web page. Did you ever come across an actual value for the token??
Many Thanks,
Daniel
Daniel:
Thanks. It wasn't much of a vacation. I just wanted to stay away from the hobby for a few days during the end of the year.
Thanks for your question.
I'm not very familiar with the specific token, but I remember seeing them offered from time to time. I did find several sites on NY Tokens that may be of some help to you. See: http://www.nycsubway.org/tech/tokens/tokensmedals.html or http://www.nycsubway.org/tech/tokens/
I also searched eBay for completed listings, but could only find one with an off center cut out of the "Y" for a reserve of $39.95 that did not sell. My guess is that your token without the "Y" cut out would be in the $35 to $50 range.
If you live close to a local shop, they should offer an opinion as to the value at no charge. Always try and get at least two opinions and try and deal with PNG dealers if possible. If you should decide to sell your items to a dealer, remember they will offer about 50% to 60% of the retail value. Here's a link to find one in your area: http://www.pngdealers.com/dealersearch.php
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Answers by Expert:
Ronald Fern
Expertise
I can answer most all questions relating to US coins, tokens, and currency. I'm not strong on world coins or ancients. Primary field of expertise is errors and varieties. Over 55 years experience in coin collecting. Part time dealer since 1976. Employed by McDonnell Douglas/Boeing for over 34 years as an Industrial Engineer/Technical Specialist before retiring in 2002.
Experience
Worked weekends for "Lonesome" John in the late 1960's to mid 1970's processing error coins, packaging, and preparing orders. Worked with John Devine and Fred Weinberg on several California Error A Rama's in the early 1970's. Served as display judge at annual Error-A-Rama coin shows. Opened and operated mail order coin business DBA "CAL ERRORS" in 1976. Contributer to Alan Herbert's "Official Price Guide To Mint Errors" and Fivaz/Stanton "Cherrypickers' Guide". Worked Saturdays at Huntington Beach Coin Exchange 1980-1999. Had table and sold coins at a number of coin and gun shows in So CA, AZ and NV. Sell coins, tokens and currency currently at my space in the Pomona Antique Center. Past "Errorscope" Editor. Presently CONECA Examiner.
Organizations
ANA, CONECA, CWTS, NLG
Publications
Errorscope, Numismatic News, Civil War Token Journal, Error and Variety News
Education/Credentials
AA Degree LBCC pre Engineering, 1964
BS Degree CSULB Ind Technology, 1968
Awards and Honors
1st Place EAR Trophy for Civil War Token Errors, NLG Author of Year Award for best monthly coin column "Error News and Views" in small Numismatic paper, owned and published by Ray Anthony.
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