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PillarDollarCollectorPillarDollarCollector Posts: 4,662 ✭✭✭✭✭
edited April 22, 2022 3:38PM in World & Ancient Coins Forum

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Collecting interests: Mexico & Peru early milled 1 reales + 1796-1891 US dimes

Sports: NHL & NFL

Thank you Lord for another beautiful day!!!

Comments

  • PillarDollarCollectorPillarDollarCollector Posts: 4,662 ✭✭✭✭✭
    edited August 28, 2021 8:18AM

    .

    Collecting interests: Mexico & Peru early milled 1 reales + 1796-1891 US dimes

    Sports: NHL & NFL

    Thank you Lord for another beautiful day!!!

  • WCCWCC Posts: 2,349 ✭✭✭✭✭
    edited August 26, 2021 7:40PM

    No. There were two coins I wanted to buy last week but did not want either badly enough. In plan Roth 401k conversion (US retirement plan) is a higher priority for me.

    I saw that coin. I haven't seen a Peru 8R in a quality and price range to buy in a while. I'd like a mostly original AU with a good strike and color. What I have seen are either MS coins which are more than I want to pay and often don't really like anyway. Or coins I pass on for other reasons. I should have bought one before the price run up. Atlas Numismatics had an AU-58 for about $1100 maybe five (?) years ago.

    Also kicking myself for not buying this really nice Mexico 1763 AU-58 from eBay last year. Big mistake. Good price but I had a lot of other expenses at the time and virtually never take money out of savings to buy coins

    I've had a few Mexico 8s but never a Peru. Always had some other coin which was a higher priority. I just want one really nice one of each. But I do have a nice AU-58 for both Guatemala and Potosi which are tougher and more expensive.

  • PillarDollarCollectorPillarDollarCollector Posts: 4,662 ✭✭✭✭✭

    @WCC said:
    No. There were two coins I wanted to buy last week but did not want either badly enough. In plan Roth 401k conversion (US retirement plan) is a higher priority for me.

    I saw that coin. I haven't seen a Peru 8R in a quality and price range to buy in a while. I'd like a mostly original AU with a good strike and color. What I have seen are either MS coins which are more than I want to pay and often don't really like anyway. Or coins I pass on for other reasons. I should have bought one before the price run up. Atlas Numismatics had an AU-58 for about $1100 maybe five (?) years ago.

    Also kicking myself for not buying this really nice Mexico 1763 AU-58 from eBay last year. Big mistake. Good price but I had a lot of other expenses at the time and virtually never take money out of savings to buy coins

    I've had a few Mexico 8s but never a Peru. Always had some other coin which was a higher priority. I just want one really nice one of each. But I do have a nice AU-58 for both Guatemala and Potosi which are tougher and more expensive.

    This is my 2nd pillar 8 reales from Peru. Prices are way up even for me in the last 10 months alone. Maybe just a few new collectors hopefully it cools off.

    Collecting interests: Mexico & Peru early milled 1 reales + 1796-1891 US dimes

    Sports: NHL & NFL

    Thank you Lord for another beautiful day!!!

  • PillarDollarCollectorPillarDollarCollector Posts: 4,662 ✭✭✭✭✭
    edited August 27, 2021 11:37AM

    @Boosibri said:
    Why not spend the same money and buy a choice EF vs. a problem AU?

    Next time around. Happy with the coin authentic coins do not bother me but I get your point.

    Collecting interests: Mexico & Peru early milled 1 reales + 1796-1891 US dimes

    Sports: NHL & NFL

    Thank you Lord for another beautiful day!!!

  • JohnnyCacheJohnnyCache Posts: 1,664 ✭✭✭✭✭
    edited August 27, 2021 12:37PM

    Your coin looks like L8-60c to me, but I'm taking from your intro message that you see it as the L8-60d. The one with the small J for the assayer's initial. Hard to say sometimes from the pictures. Glad your happy with your purchase - congratulations.


  • PillarDollarCollectorPillarDollarCollector Posts: 4,662 ✭✭✭✭✭
    edited August 27, 2021 2:43PM

    @JohnnyCache said:
    Your coin looks like L8-60c to me, but I'm taking from your intro message that you see it as the L8-60d. The one with the small J for the assayer's initial. Hard to say sometimes from the pictures. Glad your happy with your purchase - congratulations.


    Seems like the L8-60d the M in JM the middle left part of the M points to the rosette were as the L8-60c point to the right part of the rosette.

    You can see it on page 250 of Brad Yonaka's book. It is the middle part of the M that makes the difference. My coin is the L8-60d and the rarity is R2. Says he has encountered 4 examples.

    Collecting interests: Mexico & Peru early milled 1 reales + 1796-1891 US dimes

    Sports: NHL & NFL

    Thank you Lord for another beautiful day!!!

  • PillarDollarCollectorPillarDollarCollector Posts: 4,662 ✭✭✭✭✭
    edited August 27, 2021 3:38PM

    Also says that the small letter J has a curve at the bottom right that is the proper J for the L8-60d. Correct me if I am wrong. The large J does not has that curve.

    Collecting interests: Mexico & Peru early milled 1 reales + 1796-1891 US dimes

    Sports: NHL & NFL

    Thank you Lord for another beautiful day!!!

  • tcollectstcollects Posts: 786 ✭✭✭✭

    @KingOfMorganDollar said:

    @Boosibri said:
    Why not spend the same money and buy a choice EF vs. a problem AU?

    Next time around. Happy with the coin authentic coins do not bother me but I get your point.

    this is meant to save you a fortune you're pretty new so it hasn't sunk in how much less demand there is for a problem AU than a problem free EF

  • amwldcoinamwldcoin Posts: 11,269 ✭✭✭✭✭

    The world must be changing. I was flabergasted at the prices details coins were bringing in the latest Stacks auction of US coins. I was watching the Bust, Seated, and Barber coins. Most were bringing as much or more than I would expect to pay for problem free coins!

    @tcollects said:

    @KingOfMorganDollar said:

    @Boosibri said:
    Why not spend the same money and buy a choice EF vs. a problem AU?

    Next time around. Happy with the coin authentic coins do not bother me but I get your point.

    this is meant to save you a fortune you're pretty new so it hasn't sunk in how much less demand there is for a problem AU than a problem free EF

  • PillarDollarCollectorPillarDollarCollector Posts: 4,662 ✭✭✭✭✭

    @tcollects said:

    @KingOfMorganDollar said:

    @Boosibri said:
    Why not spend the same money and buy a choice EF vs. a problem AU?

    Next time around. Happy with the coin authentic coins do not bother me but I get your point.

    this is meant to save you a fortune you're pretty new so it hasn't sunk in how much less demand there is for a problem AU than a problem free EF

    With coins this rare I don't mind the grade.

    Collecting interests: Mexico & Peru early milled 1 reales + 1796-1891 US dimes

    Sports: NHL & NFL

    Thank you Lord for another beautiful day!!!

  • PillarDollarCollectorPillarDollarCollector Posts: 4,662 ✭✭✭✭✭

    @amwldcoin said:
    The world must be changing. I was flabergasted at the prices details coins were bringing in the latest Stacks auction of US coins. I was watching the Bust, Seated, and Barber coins. Most were bringing as much or more than I would expect to pay for problem free coins!

    @tcollects said:

    @KingOfMorganDollar said:

    @Boosibri said:
    Why not spend the same money and buy a choice EF vs. a problem AU?

    Next time around. Happy with the coin authentic coins do not bother me but I get your point.

    this is meant to save you a fortune you're pretty new so it hasn't sunk in how much less demand there is for a problem AU than a problem free EF

    I guess some are just happy to get what they can especially if it is a very rare coin.

    Collecting interests: Mexico & Peru early milled 1 reales + 1796-1891 US dimes

    Sports: NHL & NFL

    Thank you Lord for another beautiful day!!!

  • YorkshiremanYorkshireman Posts: 4,493 ✭✭✭✭✭

    I echo what some of these other guys have written.
    When you go to sell these problem coins, you will almost certainly regret buying them

    Yorkshireman,Obsessed collector of round, metallic pieces of history.Hunting for Latin American colonial portraits plus cool US & British coins.
  • PillarDollarCollectorPillarDollarCollector Posts: 4,662 ✭✭✭✭✭
    edited August 28, 2021 7:33AM

    @Yorkshireman said:
    I echo what some of these other guys have written.
    When you go to sell these problem coins, you will almost certainly regret buying them

    I agree for more common coins but what is a guy to do when there are 10 or less that exist in the entire world. I rather own the coin that never having one. I know some here rather just never own the coin and that is OK as well. I get the point will try for better grades on most Mexican milled coins. I have no intention of selling my collection will keep them till it is time to go.

    For me this is a hobby not an investment I know you can do both at the same time I get what you guys are saying.

    Collecting interests: Mexico & Peru early milled 1 reales + 1796-1891 US dimes

    Sports: NHL & NFL

    Thank you Lord for another beautiful day!!!

  • YorkshiremanYorkshireman Posts: 4,493 ✭✭✭✭✭

    @KingOfMorganDollar said:

    @Yorkshireman said:
    I echo what some of these other guys have written.
    When you go to sell these problem coins, you will almost certainly regret buying them

    I agree for more common coins but what is a guy to do when there are 10 or less that exist in the entire world. I rather own the coin that never having one. I know some here rather just never own the coin and that is OK as well. I get the point will try for better grades on most Mexican milled coins. I have no intention of selling my collection will keep them till it is time to go.

    For me this is a hobby not an investment I know you can do both at the same time I get what you guys are saying.

    Ok, you keep it until you die. Then your family has trouble selling it.
    Problem not solved.
    Good,luck

    Yorkshireman,Obsessed collector of round, metallic pieces of history.Hunting for Latin American colonial portraits plus cool US & British coins.
  • PillarDollarCollectorPillarDollarCollector Posts: 4,662 ✭✭✭✭✭
    edited August 28, 2021 7:59AM

    @Yorkshireman said:

    @KingOfMorganDollar said:

    @Yorkshireman said:
    I echo what some of these other guys have written.
    When you go to sell these problem coins, you will almost certainly regret buying them

    I agree for more common coins but what is a guy to do when there are 10 or less that exist in the entire world. I rather own the coin that never having one. I know some here rather just never own the coin and that is OK as well. I get the point will try for better grades on most Mexican milled coins. I have no intention of selling my collection will keep them till it is time to go.

    For me this is a hobby not an investment I know you can do both at the same time I get what you guys are saying.

    Ok, you keep it until you die. Then your family has trouble selling it.
    Problem not solved.
    Good,luck

    I understand but what makes one happy and another unhappy is subjective. Some spend 1000$ or more in a restaurant in one evening or at a casino and are happy to me that is a waste. Same with vacations some are happy to have the memories to me you get nothing out of it but if that is their thing and are happy why not. I understand money is important and always try to buy the best you can get philosophy. I will try to but some milled coins are just so expensive in numerical grades that it makes it just simply not fun to buy. I am doing this for passion and enjoyment.

    Collecting interests: Mexico & Peru early milled 1 reales + 1796-1891 US dimes

    Sports: NHL & NFL

    Thank you Lord for another beautiful day!!!

  • PillarDollarCollectorPillarDollarCollector Posts: 4,662 ✭✭✭✭✭

    Many coins that are rare you guys here own them already in numerical grades and what is left for new collectors like myself are authentic coins or nothing in some cases since most of you will not sell them any time soon.

    This is the thing with collecting Mexican and South American coins they are all scarce to some degree or more. Sure some are common.

    Collecting interests: Mexico & Peru early milled 1 reales + 1796-1891 US dimes

    Sports: NHL & NFL

    Thank you Lord for another beautiful day!!!

  • YorkshiremanYorkshireman Posts: 4,493 ✭✭✭✭✭

    You really have no clue.
    Every dealer I know advises collectors not to buy problem coins . Buy a lower grade or a different series.
    You’ll be happier in the long run

    The forum just needs to stop offering you advice because you don’t really take it.
    I am finished trying to help you.
    No need to respond.

    Yorkshireman,Obsessed collector of round, metallic pieces of history.Hunting for Latin American colonial portraits plus cool US & British coins.
  • WCCWCC Posts: 2,349 ✭✭✭✭✭
    edited August 28, 2021 8:17AM

    @KingOfMorganDollar said:

    @tcollects said:

    @KingOfMorganDollar said:

    @Boosibri said:
    Why not spend the same money and buy a choice EF vs. a problem AU?

    Next time around. Happy with the coin authentic coins do not bother me but I get your point.

    this is meant to save you a fortune you're pretty new so it hasn't sunk in how much less demand there is for a problem AU than a problem free EF

    With coins this rare I don't mind the grade.

    But the coins aren't usually rare.

    Not trying to convince you to change what you buy, just explaining that I think you appear to be misjudging the potential scarcity.

    It's rare compared to US and Canadian coinage if that's your point of reference but not really compared to other Latin American coinage. Peru and Mexico pillar 8R are mostly conditionally rare or as die varieties, but almost never absolutely.

    You're not going to see every date available like Morgan dollars but that's because no Morgan dollar is even close to even being actually scarce and the price level is much higher which makes the supply more available.

    The only rare Mexican pillar 8R as a date is the 1732. For Lima, it's the 1751 (3 known). 1752 is scarce but wouldn't call it rare. With the others, I'd guess as a date that each one has in the thousands (certainly over one thousand) since the mintage was usually over a million. More were also saved since it was used as trade coinage.

    As for Portraits, don't know. I'd guess usually more common than pillars. Somewhat newer and probably somewhat higher mintage.

    In looking at Yonaka's survey, I infer it reflects the scarcity of the minors better, except for a coin like the 1732 8R. This is an inference (not fact) but it's not statistical as he admitted. What this means is that it's "biased" toward collections who collect the series and own these coins in large numbers, not those who collect it in isolation or buy it on impulse which is a lot more likely for the 8R. It isn't as likely to proportionately identify the 8R.

  • PillarDollarCollectorPillarDollarCollector Posts: 4,662 ✭✭✭✭✭
    edited August 28, 2021 8:21AM

    @Yorkshireman said:
    You really have no clue.
    Every dealer I know advises collectors not to buy problem coins . Buy a lower grade or a different series.
    You’ll be happier in the long run

    The forum just needs to stop offering you advice because you don’t really take it.
    I am finished trying to help you.
    No need to respond.

    I said I understand and get the advice. I was just happy with a coin I won.

    Collecting interests: Mexico & Peru early milled 1 reales + 1796-1891 US dimes

    Sports: NHL & NFL

    Thank you Lord for another beautiful day!!!

  • TwoKopeikiTwoKopeiki Posts: 9,528 ✭✭✭✭✭

    Collect what brings you enjoyment. Education is part of the journey and over time you will evolve your your criteria for what goes into your collection. Some folks here are trying to help by sharing their experiences, but there's no "right" way to collect - see the first sentence.

  • bidaskbidask Posts: 13,834 ✭✭✭✭✭
    edited August 28, 2021 8:56AM

    I know I have lost thousands dollars in my journey … made some too .

    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • PillarDollarCollectorPillarDollarCollector Posts: 4,662 ✭✭✭✭✭
    edited August 28, 2021 9:00AM

    @TwoKopeiki said:
    Collect what brings you enjoyment. Education is part of the journey and over time you will evolve your your criteria for what goes into your collection. Some folks here are trying to help by sharing their experiences, but there's no "right" way to collect - see the first sentence.

    Thanks but I understand them I collected Canadian coins for over a decade and not once did I ever purchase an authentic coin. Dealers told me to stay away from them so I did. But do I really feel the need to spend 1200$ or more for each single coin I buy for my 8 reales collection no not really. Sometimes I will buy a numerical grade and sometimes authentic coins. I enjoy them just as much. Would I prefer they were 200$ per coin in that grade versus 500$ or more yes.

    Collecting interests: Mexico & Peru early milled 1 reales + 1796-1891 US dimes

    Sports: NHL & NFL

    Thank you Lord for another beautiful day!!!

  • PillarDollarCollectorPillarDollarCollector Posts: 4,662 ✭✭✭✭✭
    edited August 28, 2021 9:01AM

    @bidask said:
    I know I have lost thousands dollars in my journey … made some too .

    Your collection is epic no shame there. I will be very happy if I can complete my Mexican 8 reales from 1732-1771 during my entire life and add some others from South America as well.

    Collecting interests: Mexico & Peru early milled 1 reales + 1796-1891 US dimes

    Sports: NHL & NFL

    Thank you Lord for another beautiful day!!!

  • tcollectstcollects Posts: 786 ✭✭✭✭

    someone's gotta ask about the elephant in the room...

    you're Canadian, collected Canadian coins for a decade, dipping your toes in Spanish colonial, so why the name KingOfMorganDollar?

  • PillarDollarCollectorPillarDollarCollector Posts: 4,662 ✭✭✭✭✭
    edited August 28, 2021 9:29AM

    @tcollects said:
    someone's gotta ask about the elephant in the room...

    you're Canadian, collected Canadian coins for a decade, dipping your toes in Spanish colonial, so why the name KingOfMorganDollar?

    Collected Morgan's after Canadian coins were not for me sold my 1893-S and took some time off decided to give Mexico and South America a try and finally found my true passion. Purchased 18 books and many general history books have read most of them still a few history books left and truly fell in love with the whole thing.

    Quit Canadian coins just not fun yes I am Canadian but my heart is in the pirate history and jungles and that stuff. US coins are great but the money involved is beyond me especially if you want to own some cool rare coins. Mexico was my last hope otherwise it was going to be nothing glad it worked out because after 30 years of collecting I would have been lost. Canadian coins are from 1858 onward not the era I truly enjoy (I mean Canadian history). Sure there are some earlier tokens but they are mostly copper and damaged pretty good.

    As for the name can't change it I was told.

    Collecting interests: Mexico & Peru early milled 1 reales + 1796-1891 US dimes

    Sports: NHL & NFL

    Thank you Lord for another beautiful day!!!

  • PillarDollarCollectorPillarDollarCollector Posts: 4,662 ✭✭✭✭✭
    edited August 28, 2021 9:35AM

    I owned a pretty advanced collection of Canadian coins had many of the major rarities. Sold them purchased a home.

    Here in Canada the #1 grader is ICCS a Toronto based company. Their holders suck but they are very strict and respected.

    Collecting interests: Mexico & Peru early milled 1 reales + 1796-1891 US dimes

    Sports: NHL & NFL

    Thank you Lord for another beautiful day!!!

  • PillarDollarCollectorPillarDollarCollector Posts: 4,662 ✭✭✭✭✭
    edited August 28, 2021 9:57AM

    Finished my book last week on Maximilian and Carlota (amazing book by M.M. McAllen) now just started reading Santa Anna's book then I will read the book on Villa & Zapata. Can't seem to locate a good book on Juraz or Iturbide that are in English and recent enough.

    Collecting interests: Mexico & Peru early milled 1 reales + 1796-1891 US dimes

    Sports: NHL & NFL

    Thank you Lord for another beautiful day!!!

  • PillarDollarCollectorPillarDollarCollector Posts: 4,662 ✭✭✭✭✭
    edited August 28, 2021 10:14AM

    The book about Santa Anna is by Will Fowler seems good so far. The one on Villa & Zapata is by Frank McLynn.

    Collecting interests: Mexico & Peru early milled 1 reales + 1796-1891 US dimes

    Sports: NHL & NFL

    Thank you Lord for another beautiful day!!!

  • pruebaspruebas Posts: 4,302 ✭✭✭✭✭

    @KingOfMorganDollar said:
    Finished my book last week on Maximilian and Carlota (amazing book by M.M. McAllen) now just started reading Santa Anna's book then I will read the book on Villa & Zapata. Can't seem to locate a good book on Juraz or Iturbide that are in English and recent enough.

    There is a fun (but true) movie about Maximilian and Juarez aptly named “Juarez .” It’s from 1939 and has a few great stars of the era including Bette Davis and Paul Muni.

    Highly recommended for a rainy afternoon.

  • PillarDollarCollectorPillarDollarCollector Posts: 4,662 ✭✭✭✭✭

    @pruebas said:

    @KingOfMorganDollar said:
    Finished my book last week on Maximilian and Carlota (amazing book by M.M. McAllen) now just started reading Santa Anna's book then I will read the book on Villa & Zapata. Can't seem to locate a good book on Juraz or Iturbide that are in English and recent enough.

    There is a fun (but true) movie about Maximilian and Juarez aptly named “Juarez .” It’s from 1939 and has a few great stars of the era including Bette Davis and Paul Muni.

    Highly recommended for a rainy afternoon.

    Thanks will try and locate it appreciate you reaching out!!

    Collecting interests: Mexico & Peru early milled 1 reales + 1796-1891 US dimes

    Sports: NHL & NFL

    Thank you Lord for another beautiful day!!!

  • PillarDollarCollectorPillarDollarCollector Posts: 4,662 ✭✭✭✭✭
    edited August 28, 2021 11:13AM

    @pruebas said:
    I recommend you sell some coins from time to time. It helps make you a better buyer. I learned it the hard way….

    I remember a fellow collector telling me you want to become a millionaire collecting coins buy 2$ million dollars worth and sell them you will have 1$ million dollars left at the end of the day. I got the point. I doubt many of us here are in it for the money I presume most are for passion. But agree there are smarter ways to be a buyer as most have mentioned.

    Collecting interests: Mexico & Peru early milled 1 reales + 1796-1891 US dimes

    Sports: NHL & NFL

    Thank you Lord for another beautiful day!!!

  • MrEurekaMrEureka Posts: 23,892 ✭✭✭✭✭

    @KingOfMorganDollar said:

    @Yorkshireman said:
    I echo what some of these other guys have written.
    When you go to sell these problem coins, you will almost certainly regret buying them

    I agree for more common coins but what is a guy to do when there are 10 or less that exist in the entire world. I rather own the coin that never having one.

    That would be logical if you were a long time collector and your collection were almost complete. But as a newbie who still needs almost everything, it’s too soon to compromise. You’re going to have plenty of chances to spend your money soon enough.

    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • PillarDollarCollectorPillarDollarCollector Posts: 4,662 ✭✭✭✭✭

    @MrEureka said:

    @KingOfMorganDollar said:

    @Yorkshireman said:
    I echo what some of these other guys have written.
    When you go to sell these problem coins, you will almost certainly regret buying them

    I agree for more common coins but what is a guy to do when there are 10 or less that exist in the entire world. I rather own the coin that never having one.

    That would be logical if you were a long time collector and your collection were almost complete. But as a newbie who still needs almost everything, it’s too soon to compromise. You’re going to have plenty of chances to spend your money soon enough.

    I will take the advice thanks.

    Collecting interests: Mexico & Peru early milled 1 reales + 1796-1891 US dimes

    Sports: NHL & NFL

    Thank you Lord for another beautiful day!!!

  • PillarDollarCollectorPillarDollarCollector Posts: 4,662 ✭✭✭✭✭
    edited September 7, 2021 11:59AM

    Just curious how long does it take for HA to ship out items? I won the coin on August 26th but have not yet received an e-mail with tracking info. I paid on August 31st.

    Collecting interests: Mexico & Peru early milled 1 reales + 1796-1891 US dimes

    Sports: NHL & NFL

    Thank you Lord for another beautiful day!!!

  • BoosibriBoosibri Posts: 11,841 ✭✭✭✭✭

    Depending on payment, 7 to 14 days after payment received. Echecks take 5 days to clear.

  • PillarDollarCollectorPillarDollarCollector Posts: 4,662 ✭✭✭✭✭

    @Boosibri said:
    Depending on payment, 7 to 14 days after payment received. Echecks take 5 days to clear.

    Thanks I have no problem waiting just curious.

    Collecting interests: Mexico & Peru early milled 1 reales + 1796-1891 US dimes

    Sports: NHL & NFL

    Thank you Lord for another beautiful day!!!

  • BoosibriBoosibri Posts: 11,841 ✭✭✭✭✭

    All of the details are on your invoice

  • PillarDollarCollectorPillarDollarCollector Posts: 4,662 ✭✭✭✭✭

    @Boosibri said:
    All of the details are on your invoice

    I will take a look thanks again first time I purchase from them.

    Collecting interests: Mexico & Peru early milled 1 reales + 1796-1891 US dimes

    Sports: NHL & NFL

    Thank you Lord for another beautiful day!!!

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