Well I have more than 5 figures in 3 of my 58 Barber Half's. Could I sell them for that now? I doubt it....Designing an interior for my coffin so I can take them to sleep with me when the time comes as I write this!
@specialist said:
There is a big world out there with a lot of money in it. It is not just my world. Look at Heritage Platinum Night. Thats $15 million+ of five figure coins easy. They should all sell.
Does not any one dare to dream big? You can buy five figure coins these days with financing....
While I agree there are expensive coins and collectors for those coins out there, I don't believe it generally makes to sense to over extend oneself with financing to buy coins. My understanding is @tradedollarnut also doesn't believe in financing coins aside from short-term bridge-type loans.
My thinking is the better approach to access these coins is to make more money to increase discretionary funds rather than to go into debt.
I don’t really agree with financing, either. Maybe for a couple months but that’s about it. You can’t neglect your savings, your housing, your entertainment, your travel or any of your other necessities. If you can’t afford those, then you have no business buying five or six figure coins....Priorities first! Anything else would not only be crazy, it would be stupid. But, yes, there’s a big world with a lot of money out there.
Sorry for my negative comments about marriage/wives. I was half joking. I just know a lot about human nature and how relationships work. I’m also very familiar with statistics. But I’ve always had a significant other And have dated lots of very nice girls but I’ve also always had trust issues, too. Two words to always remember: ‘Prenupial Agreement’.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
@specialist said:
People we sell abut 4-10 five figure coins per week. I also know of 3 other dealers who do the same. It is NOT uncommmon at all. Due to the short week, we sold 3 five figure coins this week.
Even six figure coins trade activity -not just with us. Our last six figure sale was $150,000.00 last week.
There is a big world out there with a lot of money in it. It is not just my world. Look at Heritage Platinum Night. Thats $15 million+ of five figure coins easy. They should all sell.
Does not any one dare to dream big? You can buy five figure coins these days with financing....
Between four and ten, alright.
Let's call it 7.
7 days a week, 7 $10k+ coins a week, 365 $10k+ coins a year.
Ebay has 334,448 listings sold under coins in the past 90 days. Let's say that's 10% less in the other quarters of the year, for about 300k. That's 1,235,000 coin listings (not individual coins!) sold in the past year on eBay.
Maybe that gives you a sense of scale, and where Legends place in the market is. You've done an absolutely incredible job building arguably the single greatest high-end dealer in the business, but the reality is that your clientele is only a small portion of the market.
I, for one would never sell a five figure coin on eBay. It would either go to a dealer that is an expert with the type of coin that I am selling, to an auction house, or straight to someone that I know is looking for a particular item. A good portion of the US coins that are offered on eBay are the everyday sort of thing that one can find at a local monthly show. One can buy all sorts of odds and ends on eBay and have a good time doing it. I usually buy 3 or 4 figure coins and I would rather see them in hand first so that I can make my decision rather than going back and forth with some guy on eBay. Ebay has not been a fun site for me in ages.
@specialist said:
People we sell abut 4-10 five figure coins per week. I also know of 3 other dealers who do the same. It is NOT uncommmon at all. Due to the short week, we sold 3 five figure coins this week.
Even six figure coins trade activity -not just with us. Our last six figure sale was $150,000.00 last week.
There is a big world out there with a lot of money in it. It is not just my world. Look at Heritage Platinum Night. Thats $15 million+ of five figure coins easy. They should all sell.
Does not any one dare to dream big? You can buy five figure coins these days with financing....
Between four and ten, alright.
Let's call it 7.
7 days a week, 7 $10k+ coins a week, 365 $10k+ coins a year.
Ebay has 334,448 listings sold under coins in the past 90 days. Let's say that's 10% less in the other quarters of the year, for about 300k. That's 1,235,000 coin listings (not individual coins!) sold in the past year on eBay.
Maybe that gives you a sense of scale, and where Legends place in the market is. You've done an absolutely incredible job building arguably the single greatest high-end dealer in the business, but the reality is that your clientele is only a small portion of the market.
I, for one would never sell a five figure coin on eBay. It would either go to a dealer that is an expert with the type of coin that I am selling, to an auction house, or straight to someone that I know is looking for a particular item. A good portion of the US coins that are offered on eBay are the everyday sort of thing that one can find at a local monthly show. One can buy all sorts of odds and ends on eBay and have a good time doing it. I usually buy 3 or 4 figure coins and I would rather see them in hand first so that I can make my decision rather than going back and forth with some guy on eBay. Ebay has not been a fun site for me in ages.
Many large, successful, well known dealers 'advertise' on eBay. It is actually a very good place to locate items and then go from there. I have done this before and it works.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
I am glad that you are having success, but for me trying to find high end colonials or better early type is a pain.
Thanks. I believe you. I guess it depends on what you're looking for, as Colonial are more of a specialty. I've been fortunate, a few times, but it was from the same dealer. Good luck to you. I sincerely hope you're successful in your search.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
Thank you. Good luck to you too! I will say that that the chase is fun as well. I really do appreciate and am very grateful for what I find because I know how much time and effort I put in to find these things.
The category is very broad, from $10k to $99k - there's a lot of variety and opportunity in between!
Have owned several coins between those extremes.........
"My friends who see my collection sometimes ask what something costs. I tell them and they are in awe at my stupidity." (Baccaruda, 12/03).I find it hard to believe that he (Trump) rushed to some hotel to meet girls of loose morals, although ours are undoubtedly the best in the world. (Putin 1/17) Gone but not forgotten. IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Broadstruck, Ricko, Big Moose, Cardinal.
It's one end of the pool I wouldn't jump in or even dip a toe without being able to commit my entire attention to it and right now, I have way too many other things competing for that. From here, it looks like it would be a fun adrenaline fueled challenge to buy and sell at that level and not get crushed.
as a very unscientific aside---reading the posts here it appears 13 out of 26 collectors who gave an indication about their own collections (I had to read between the lines on some) at one time owned a five figure coin.
@specialist said: "wrong, many more people then you realize own five figure coins. I know..."
I'll bet that group is a very small percentage of investors and collectors. So using my uninformed GUESS of 2%, you probably know 1.9% of them whether you sell them coins or not.
Yes, these must qualify as "widgets" but the extremely small percentage of them that are not hairlined, rubbed, cleaned, and have complete "as struck frosty surfaces with undamaged rims" can probably be counted on two hands and two feet from three people. That's 60 coins. I've seen only 4 of them in fifty years but I don't get out much. Some of those four have probably been ruined by now.
@Gazes said:
as a very unscientific aside---reading the posts here it appears 13 out of 26 collectors who gave an indication about their own collections (I had to read between the lines on some) at one time owned a five figure coin.
My guesstimate wasn't too far off! Is it too late to add an anonymous poll to the thread?
Again, I can think of 5 dealers off the top of my head who sell 5 figure coins weekly. Also, just look at Heritage or Stacks big sales (about 6 total), they sell many millions of five figure coins at a time. count up all the five figure + coins in FUN. They probably will all sell.
Its not just what I built.
As far as financing, I assure you, MANY people do it. MANY. And MANY firms cater to people who need terms too.
My guess is 35% of the market buyers coins of five figures. Now six figures is more like 10% and million dollar coins 5%.
@specialist said:
Again, I can think of 5 dealers off the top of my head who sell 5 figure coins weekly. Also, just look at Heritage or Stacks big sales (about 6 total), they sell many millions of five figure coins at a time. count up all the five figure + coins in FUN. They probably will all sell.
Its not just what I built.
As far as financing, I assure you, MANY people do it. MANY. And MANY firms cater to people who need terms too.
My guess is 35% of the market buyers coins of five figures. Now six figures is more like 10% and million dollar coins 5%.
There aren't enough million dollar coins to go around to amount to even one percent of the population of collectors unless you define that term very narrowly. In your world and maybe for a few other dealers, the percentages may be accurate for the percentage of your clientele that purchase coins.
Interesting comment. There are some folks like me( I assume) selling on ebay that have really scaled back their coin show attendance. With the way ebay has become so not net neutral I might finally break down and build a website. Old dog here and if I can't do it myself I won't! I've sold several 5-10 thousand dollar coins on ebay problem free with happy buyers!
@specialist said:
People we sell abut 4-10 five figure coins per week. I also know of 3 other dealers who do the same. It is NOT uncommmon at all. Due to the short week, we sold 3 five figure coins this week.
Even six figure coins trade activity -not just with us. Our last six figure sale was $150,000.00 last week.
There is a big world out there with a lot of money in it. It is not just my world. Look at Heritage Platinum Night. Thats $15 million+ of five figure coins easy. They should all sell.
Does not any one dare to dream big? You can buy five figure coins these days with financing....
Between four and ten, alright.
Let's call it 7.
7 days a week, 7 $10k+ coins a week, 365 $10k+ coins a year.
Ebay has 334,448 listings sold under coins in the past 90 days. Let's say that's 10% less in the other quarters of the year, for about 300k. That's 1,235,000 coin listings (not individual coins!) sold in the past year on eBay.
Maybe that gives you a sense of scale, and where Legends place in the market is. You've done an absolutely incredible job building arguably the single greatest high-end dealer in the business, but the reality is that your clientele is only a small portion of the market.
I, for one would never sell a five figure coin on eBay. It would either go to a dealer that is an expert with the type of coin that I am selling, to an auction house, or straight to someone that I know is looking for a particular item. A good portion of the US coins that are offered on eBay are the everyday sort of thing that one can find at a local monthly show. One can buy all sorts of odds and ends on eBay and have a good time doing it. I usually buy 3 or 4 figure coins and I would rather see them in hand first so that I can make my decision rather than going back and forth with some guy on eBay. Ebay has not been a fun site for me in ages.
None here, and there probably never will be. I suppose I could, but I'm basically just not that kind of guy. I remember too well what it was like to be worried about making the rent. That's all in the rear-view now, but we still take our vacations in a tent and my big luxury possession is a 35 year old motorboat on a rusty trailer. My collection has a few low four-figure coins in it that I'm still kind of astonished that I get to own.
@specialist said:
Again, I can think of 5 dealers off the top of my head who sell 5 figure coins weekly. Also, just look at Heritage or Stacks big sales (about 6 total), they sell many millions of five figure coins at a time. count up all the five figure + coins in FUN. They probably will all sell.
Its not just what I built.
As far as financing, I assure you, MANY people do it. MANY. And MANY firms cater to people who need terms too.
My guess is 35% of the market buyers coins of five figures. Now six figures is more like 10% and million dollar coins 5%.
Laura,
I've never spent more than $965 on a coin.
Do you consider me to be a collector? A serious one? A casual one?
What is your definition of a collector?
Are you sure you want to know the answer to those questions?
@specialist said:
Again, I can think of 5 dealers off the top of my head who sell 5 figure coins weekly. Also, just look at Heritage or Stacks big sales (about 6 total), they sell many millions of five figure coins at a time. count up all the five figure + coins in FUN. They probably will all sell.
Its not just what I built.
As far as financing, I assure you, MANY people do it. MANY. And MANY firms cater to people who need terms too.
My guess is 35% of the market buyers coins of five figures. Now six figures is more like 10% and million dollar coins 5%.
Laura,
I've never spent more than $965 on a coin.
Do you consider me to be a collector? A serious one? A casual one?
What is your definition of a collector?
Legend has you covered with one coin at the moment but they do have you in their range.
Sometimes I walk around coin shows guessing in my head what the net worth of random people are. Sometimes you can tell, but believe me, other times you can't. I've seen people worth 8 figures who dress like slobs, and vice versa.
@opportunity said:
Sometimes I walk around coin shows guessing in my head what the net worth of random people are. Sometimes you can tell, but believe me, other times you can't. I've seen people worth 8 figures who dress like slobs, and vice versa.
I must admit that I have never walked around a coin show with that particular thought in my mind. I tend to look at coins to see if they are pleasing enough for my collection. If a dealer is nice and on the up and up, then I will work with them. If they are rude and don’t have time for me, then I keep walking.
@opportunity said:
Sometimes I walk around coin shows guessing in my head what the net worth of random people are. Sometimes you can tell, but believe me, other times you can't. I've seen people worth 8 figures who dress like slobs, and vice versa.
I’ve worked my way up from two figure coins to several five figure coins over the past 5 years.
My observation is that I’ve always made money when selling/upgrading my 5 figure coins. If you collect things that the upper 1% will always want, it’s hard to go wrong. Despite the economy that 1% always seems to have the money to buy collectibles and sought after items.
The coin market speaks for itself. Top quality pieces are increasing in value and the lower half is falling off the table. Baseball cards and stamps have all done the same.
Collector of Original Early Gold with beginnings in Proof Morgan collecting.
I think that there are many 5 figure coin buyers. In what i collect (early quarter eagles), there are no 4 figure coins. When nice examples come up (which is not often) there seems to be plenty of folks aggressively going after them. I am fortunate to have the funds to compete for those nice coins and enjoy this great hobby.
For me, it’s become the norm, rather than the exception... albeit at a measured pace. The good stuff I collect is thankfully very difficult to find in the grade-range I want and unmessed- with.
@opportunity said:
Sometimes I walk around coin shows guessing in my head what the net worth of random people are. Sometimes you can tell, but believe me, other times you can't. I've seen people worth 8 figures who dress like slobs, and vice versa.
Don't judge a book by it's cover.
Agree. I had to wear a coat & tie all through HS. So, one of my goals in life was to never again NEED to wear one unless it was my choice (meeting, date).
Unfortunately, dress for success is still the norm. Most, judge us by our looks. I rode the MetroRail to and from town and worked in the heart of DC. I know the ladies in business dress and heels deplored my casual dress (usually tailored jeans and a shirt). I was once having a photographic portrait made at the Harris & Ewing Studios (former photographers to the presidents) in DC and they took their time asking if I needed help. The same thing happened at a Porsche dealership. LOL. I enjoyed "pricking" their sensibilities.
When I was dealer, I learned early on that judging the book by its cover was not an effective way to do business. Some of the people who wore jeans and had some dirt under their finger nails were some of my best customers. They were contractors who worked hard for a living, and were looking to buy some nice coins with their earnings.
This might be an unfair assessment, but the people I trusted least with the dealers who wore fancy coats and ties. I had some trouble with those folks and bad checks, and after awhile I was not impressed with the façade.
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
7 years ago I paid $25.00 for a 1961 proof set in OGP that contained a DDR half that may warrant a Cameo designation. For these proof sets I allocate 60% of the purchase price to the half dollar and allocate the other 40% to the other four coins. Thus my cost for the half dollar was $15.00. That coin, even raw, is a four figure coin. Two figures to four figures.
@ErrorsOnCoins said:
I made a five figure coin from a three figure coin ......
Anyone else?
If a dealer really received his asking price on a coin now sold on his site for his lower graded coin, then yes, I made a less than $300 purchase into a five figure coin about six months ago. I won't post it so as to avoid creating spam.
There are many series of coins that do not have any >$10K coins. In my collection of IHC PR coins that are BN or RB I have only one >$10k coin, an 1877 in 66BN. Only the top five registry sets in this series might posses a >$10k coin. Statistically, less than 1/2% of coins in this series will sell for >$10,000.
Coins that sell for >$10,000 have significant rarity. The majority of these coins are very early issues , gold proofs, and high grade key date coins. From a collector's view, most collections can be completed without a >$10,000 coin. That is good for our hobby.
@Gazes said:
What percentage of serious collectors (ie goes to shows, reads the message boards, etc) do you think own at least one coin that is valued at $10,000 or more?
Based on the people I’ve met at coin shows over the years , I’d guess the number is 15 to 20%. (Many of those collectors are also part time or full time dealers, of course.)
Andy Lustig
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Comments
Well I have more than 5 figures in 3 of my 58 Barber Half's. Could I sell them for that now? I doubt it....Designing an interior for my coffin so I can take them to sleep with me when the time comes as I write this!
While I agree there are expensive coins and collectors for those coins out there, I don't believe it generally makes to sense to over extend oneself with financing to buy coins. My understanding is @tradedollarnut also doesn't believe in financing coins aside from short-term bridge-type loans.
My thinking is the better approach to access these coins is to make more money to increase discretionary funds rather than to go into debt.
I thought getting to the four figure coins was an accomplishment for me. maybe someday!!!
Once upon a time, I owned these 3 coins:
I don’t really agree with financing, either. Maybe for a couple months but that’s about it. You can’t neglect your savings, your housing, your entertainment, your travel or any of your other necessities. If you can’t afford those, then you have no business buying five or six figure coins....Priorities first! Anything else would not only be crazy, it would be stupid. But, yes, there’s a big world with a lot of money out there.
Sorry for my negative comments about marriage/wives. I was half joking. I just know a lot about human nature and how relationships work. I’m also very familiar with statistics. But I’ve always had a significant other And have dated lots of very nice girls but I’ve also always had trust issues, too. Two words to always remember: ‘Prenupial Agreement’.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
Generic comment and surprising that you made it if you are serious.
For some people, just getting out of bed in the morning is a successful day.
I, for one would never sell a five figure coin on eBay. It would either go to a dealer that is an expert with the type of coin that I am selling, to an auction house, or straight to someone that I know is looking for a particular item. A good portion of the US coins that are offered on eBay are the everyday sort of thing that one can find at a local monthly show. One can buy all sorts of odds and ends on eBay and have a good time doing it. I usually buy 3 or 4 figure coins and I would rather see them in hand first so that I can make my decision rather than going back and forth with some guy on eBay. Ebay has not been a fun site for me in ages.
Many large, successful, well known dealers 'advertise' on eBay. It is actually a very good place to locate items and then go from there. I have done this before and it works.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
@Walkerfan
I am glad that you are having success, but for me trying to find high end colonials or better early type is a pain.
Thanks. I believe you. I guess it depends on what you're looking for, as Colonial are more of a specialty. I've been fortunate, a few times, but it was from the same dealer. Good luck to you. I sincerely hope you're successful in your search.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
@Walkerfan
Thank you. Good luck to you too! I will say that that the chase is fun as well. I really do appreciate and am very grateful for what I find because I know how much time and effort I put in to find these things.
The category is very broad, from $10k to $99k - there's a lot of variety and opportunity in between!
Have owned several coins between those extremes.........
It's one end of the pool I wouldn't jump in or even dip a toe without being able to commit my entire attention to it and right now, I have way too many other things competing for that. From here, it looks like it would be a fun adrenaline fueled challenge to buy and sell at that level and not get crushed.
Ha! Currently, my entire collection isn't worth 5-figures...
Successful BST transactions with: SilverEagles92; Ahrensdad; Smitty; GregHansen; Lablade; Mercury10c; copperflopper; whatsup; KISHU1; scrapman1077, crispy, canadanz, smallchange, robkool, Mission16, ranshdow, ibzman350, Fallguy, Collectorcoins, SurfinxHI, jwitten, Walkerguy21D, dsessom.
as a very unscientific aside---reading the posts here it appears 13 out of 26 collectors who gave an indication about their own collections (I had to read between the lines on some) at one time owned a five figure coin.
Five figures.....are we counting both sides of the decimal point?
A: The year they spend more on their library than their coin collection.
A numismatist is judged more on the content of their library than the content of their cabinet.
@specialist said: "wrong, many more people then you realize own five figure coins. I know..."
I'll bet that group is a very small percentage of investors and collectors. So using my uninformed GUESS of 2%, you probably know 1.9% of them whether you sell them coins or not.
Yes, these must qualify as "widgets" but the extremely small percentage of them that are not hairlined, rubbed, cleaned, and have complete "as struck frosty surfaces with undamaged rims" can probably be counted on two hands and two feet from three people. That's 60 coins. I've seen only 4 of them in fifty years but I don't get out much. Some of those four have probably been ruined by now.
PS I think my estimate of 60 coins is high.
My guesstimate wasn't too far off! Is it too late to add an anonymous poll to the thread?
Don't have any idea on the % ......but
maybe if I stop giving away my shirts ..... I would get one someday 
Again, I can think of 5 dealers off the top of my head who sell 5 figure coins weekly. Also, just look at Heritage or Stacks big sales (about 6 total), they sell many millions of five figure coins at a time. count up all the five figure + coins in FUN. They probably will all sell.
Its not just what I built.
As far as financing, I assure you, MANY people do it. MANY. And MANY firms cater to people who need terms too.
My guess is 35% of the market buyers coins of five figures. Now six figures is more like 10% and million dollar coins 5%.
There aren't enough million dollar coins to go around to amount to even one percent of the population of collectors unless you define that term very narrowly. In your world and maybe for a few other dealers, the percentages may be accurate for the percentage of your clientele that purchase coins.
Interesting comment. There are some folks like me( I assume) selling on ebay that have really scaled back their coin show attendance. With the way ebay has become so not net neutral I might finally break down and build a website. Old dog here and if I can't do it myself I won't! I've sold several 5-10 thousand dollar coins on ebay problem free with happy buyers!
None here, and there probably never will be. I suppose I could, but I'm basically just not that kind of guy. I remember too well what it was like to be worried about making the rent. That's all in the rear-view now, but we still take our vacations in a tent and my big luxury possession is a 35 year old motorboat on a rusty trailer. My collection has a few low four-figure coins in it that I'm still kind of astonished that I get to own.
Have 4 figure coins but will not break 5 unless I win the lotto and can burn money too...
Are you sure you want to know the answer to those questions?
Legend has you covered with one coin at the moment but they do have you in their range.
Sometimes I walk around coin shows guessing in my head what the net worth of random people are. Sometimes you can tell, but believe me, other times you can't. I've seen people worth 8 figures who dress like slobs, and vice versa.
Early American Copper, Bust and Seated.
I must admit that I have never walked around a coin show with that particular thought in my mind. I tend to look at coins to see if they are pleasing enough for my collection. If a dealer is nice and on the up and up, then I will work with them. If they are rude and don’t have time for me, then I keep walking.
Don't judge a book by it's cover.
I’ve worked my way up from two figure coins to several five figure coins over the past 5 years.
My observation is that I’ve always made money when selling/upgrading my 5 figure coins. If you collect things that the upper 1% will always want, it’s hard to go wrong. Despite the economy that 1% always seems to have the money to buy collectibles and sought after items.
The coin market speaks for itself. Top quality pieces are increasing in value and the lower half is falling off the table. Baseball cards and stamps have all done the same.
I'll take Laura's opinions as fact any day...
I think that there are many 5 figure coin buyers. In what i collect (early quarter eagles), there are no 4 figure coins. When nice examples come up (which is not often) there seems to be plenty of folks aggressively going after them. I am fortunate to have the funds to compete for those nice coins and enjoy this great hobby.
For me, it’s become the norm, rather than the exception... albeit at a measured pace. The good stuff I collect is thankfully very difficult to find in the grade-range I want and unmessed- with.
Agree. I had to wear a coat & tie all through HS. So, one of my goals in life was to never again NEED to wear one unless it was my choice (meeting, date).
Unfortunately, dress for success is still the norm. Most, judge us by our looks. I rode the MetroRail to and from town and worked in the heart of DC. I know the ladies in business dress and heels deplored my casual dress (usually tailored jeans and a shirt). I was once having a photographic portrait made at the Harris & Ewing Studios (former photographers to the presidents) in DC and they took their time asking if I needed help. The same thing happened at a Porsche dealership. LOL. I enjoyed "pricking" their sensibilities.
When I was dealer, I learned early on that judging the book by its cover was not an effective way to do business. Some of the people who wore jeans and had some dirt under their finger nails were some of my best customers. They were contractors who worked hard for a living, and were looking to buy some nice coins with their earnings.
This might be an unfair assessment, but the people I trusted least with the dealers who wore fancy coats and ties. I had some trouble with those folks and bad checks, and after awhile I was not impressed with the façade.
And farmers. Don't forget farmers.
I made a five figure coin from a three figure coin ......
Anyone else?
Anyone ever gone to a three figure coin from a five figure coin?
,
I was wondering if anyone made a five figure coin from a five finger coin!
7 years ago I paid $25.00 for a 1961 proof set in OGP that contained a DDR half that may warrant a Cameo designation. For these proof sets I allocate 60% of the purchase price to the half dollar and allocate the other 40% to the other four coins. Thus my cost for the half dollar was $15.00. That coin, even raw, is a four figure coin. Two figures to four figures.
Probably my best cherry pick.
If a dealer really received his asking price on a coin now sold on his site for his lower graded coin, then yes, I made a less than $300 purchase into a five figure coin about six months ago. I won't post it so as to avoid creating spam.
_Because the total population of 5 figure coins is just not that high, even if it is in the 5 figures, _
Methinks you’re off by a factor of two figures
I think I made a 3 figure coin out of a 5 figure coin once!!!
There are many series of coins that do not have any >$10K coins. In my collection of IHC PR coins that are BN or RB I have only one >$10k coin, an 1877 in 66BN. Only the top five registry sets in this series might posses a >$10k coin. Statistically, less than 1/2% of coins in this series will sell for >$10,000.
Coins that sell for >$10,000 have significant rarity. The majority of these coins are very early issues , gold proofs, and high grade key date coins. From a collector's view, most collections can be completed without a >$10,000 coin. That is good for our hobby.
OINK
Ah, she reminds me to take my medicine
True, a wife is just a wife, but a coin....!
BHNC #203
Based on the people I’ve met at coin shows over the years , I’d guess the number is 15 to 20%. (Many of those collectors are also part time or full time dealers, of course.)
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.