One time a guy came to my local club with a Chinese counterfeit Bust Dollar he had “ripped” from the Internet for $200. When I told to him that it was a counterfeit and explained what was wrong with it, he got angry with me. You know what they say about leading horses to water.
You mean you can lead a horse to water but then it’s really difficult to drown him?
Yea, they are really happy thinking they ripped someone off but then upon the realization they are the fool get angry. Just had one in the shop today with his $3 silver eagles.
A fool and his money are soon parted. Just not quickly enough for some…..
Q: When does a collector become a numismatist?
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.
That I didn't get some of those coins - thinking of the Canadian large cents and 1920s 1c and 5c versions - I thought were too expensive before....
That I didn't get some of those coins that were actually way cheaper than they are now!!!
My biggest issue with the hobby is the perception that a key date coin is "rare" and priced artificially high i.e. the 1893-S Morgan, 1916-D Mercury, 1909-S VDB cent, etc. At any one time, there are many multiples of these coins for sale online or at a large enough coin show, yet they are typically overpriced based on perceived demand.
A rare coin has a mintage of less than 1000 or 100 or 10, let's say. The 1856 flying eagle cent is a rare coin. A Stella is a rare coin. Condition rarity notwithstanding, the key dates I mentioned are not really "rare."
This mildly annoys me, but not enough to storm the castle over it.
Always looking for attractive rim toned Morgan and Peace dollars in PCGS or (older) ANA/ANACS holders!
"Bongo hurtles along the rain soaked highway of life on underinflated bald retread tires."
Circulated state colonials as well as Massachusetts silver that are in XF or lower condition should never, ever be encapsulated, unless concerned about authenticity. The inconsistencies in grading is beyond belief. Some straight grade when they shouldn’t, others state environmental damage when the coin was struck with poor metal(ie bust left Vermonts), over-graded, under-graded due to die failure, etc.
@anablep said:
My biggest issue with the hobby is the perception that a key date coin is "rare" and priced artificially high i.e. the 1893-S Morgan, 1916-D Mercury, 1909-S VDB cent, etc. At any one time, there are many multiples of these coins for sale online or at a large enough coin show, yet they are typically overpriced based on perceived demand.
A rare coin has a mintage of less than 1000 or 100 or 10, let's say. The 1856 flying eagle cent is a rare coin. A Stella is a rare coin. Condition rarity notwithstanding, the key dates I mentioned are not really "rare."
This mildly annoys me, but not enough to storm the castle over it.
Agreed, except in unusual circumstances, the word: 'Rare' should be banned in coin collecting.
At one time I had a rare coin, the 1909 S inverted MM half dollar, It was rare because I discovered the variety and it was the only one known at the time.
Now, no longer rare, plenty found.
Among some of my biggest personal dislikes in the hobby:
Washed out looking or cleaned, un-natural looking coins. Polished coins that look like a shiny hubcap.
When looking through coins, and the dealer is hovering over you within inches, watching you like a hawk. Invading your personal space. I do not return to those places.
@anablep said:
My biggest issue with the hobby is the perception that a key date coin is "rare" and priced artificially high i.e. the 1893-S Morgan, 1916-D Mercury, 1909-S VDB cent, etc. At any one time, there are many multiples of these coins for sale online or at a large enough coin show, yet they are typically overpriced based on perceived demand.
A rare coin has a mintage of less than 1000 or 100 or 10, let's say. The 1856 flying eagle cent is a rare coin. A Stella is a rare coin. Condition rarity notwithstanding, the key dates I mentioned are not really "rare."
This mildly annoys me, but not enough to storm the castle over it.
Agreed, except in unusual circumstances, the word: 'Rare' should be banned in coin collecting.
When should the word be acceptable in dealer names?
@anablep said:
My biggest issue with the hobby is the perception that a key date coin is "rare" and priced artificially high i.e. the 1893-S Morgan, 1916-D Mercury, 1909-S VDB cent, etc. At any one time, there are many multiples of these coins for sale online or at a large enough coin show, yet they are typically overpriced based on perceived demand.
A rare coin has a mintage of less than 1000 or 100 or 10, let's say. The 1856 flying eagle cent is a rare coin. A Stella is a rare coin. Condition rarity notwithstanding, the key dates I mentioned are not really "rare."
This mildly annoys me, but not enough to storm the castle over it.
Agreed, except in unusual circumstances, the word: 'Rare' should be banned in coin collecting.
When should the word be acceptable in dealer names?
NEVER!
Unless they have an 1804 dollar, slabbed for sale.
@anablep said:
My biggest issue with the hobby is the perception that a key date coin is "rare" and priced artificially high i.e. the 1893-S Morgan, 1916-D Mercury, 1909-S VDB cent, etc.
If coins are being bought and sold, they are not priced artificially high.
@anablep said:
At any one time, there are many multiples of these coins for sale online or at a large enough coin show, yet they are typically overpriced based on perceived demand.
If they were overpriced based on perceived demand, they wouldn't be selling. 1893-S Morgans, 1916-D Mercury dimes and 1909-S VDB cents are quite popular and are bought/sold regularly.
@anablep said:
My biggest issue with the hobby is the perception that a key date coin is "rare" and priced artificially high i.e. the 1893-S Morgan, 1916-D Mercury, 1909-S VDB cent, etc. At any one time, there are many multiples of these coins for sale online or at a large enough coin show, yet they are typically overpriced based on perceived demand.
A rare coin has a mintage of less than 1000 or 100 or 10, let's say. The 1856 flying eagle cent is a rare coin. A Stella is a rare coin. Condition rarity notwithstanding, the key dates I mentioned are not really "rare."
This mildly annoys me, but not enough to storm the castle over it.
Agreed, except in unusual circumstances, the word: 'Rare' should be banned in coin collecting.
When should the word be acceptable in dealer names? Rare Lee.
@MasonG I agree, the market sets the price, but my 3 examples are not rare, are marketed as "rare," and their prices are adjusted higher than similar coins minted at those levels (100,000's). Those three series are also ridiculously popular which accounts for their prices. Many people "overpay" but again, it's what the market demands.
Always looking for attractive rim toned Morgan and Peace dollars in PCGS or (older) ANA/ANACS holders!
"Bongo hurtles along the rain soaked highway of life on underinflated bald retread tires."
@anablep said: @MasonG I agree, the market sets the price, but my 3 examples are not rare, are marketed as "rare," and their prices are adjusted higher than similar coins minted at those levels (100,000's).
They are priced appropriately based on demand. You don't seriously believe that every coin with a comparable mintage will be valued the same by collectors, do you? You said:
"A rare coin has a mintage of less than 1000 or 100 or 10, let's say."
If 1,000 coins were minted but there are only 10 people who are interested in it, is it rare?
@anablep said:
Many people "overpay" but again, it's what the market demands.
The market isn't making demands, it's the result of the decisions people make buying and selling. Whatever amount people choose to buy/sell for, they're not overpaying except in your mind.
Prices are determined by supply and demand, you're focusing on supply and not paying enough attention to demand.
@anablep said:
My biggest issue with the hobby is the perception that a key date coin is "rare" and priced artificially high i.e. the 1893-S Morgan, 1916-D Mercury, 1909-S VDB cent, etc. At any one time, there are many multiples of these coins for sale online or at a large enough coin show, yet they are typically overpriced based on perceived demand.
A rare coin has a mintage of less than 1000 or 100 or 10, let's say. The 1856 flying eagle cent is a rare coin. A Stella is a rare coin. Condition rarity notwithstanding, the key dates I mentioned are not really "rare."
This mildly annoys me, but not enough to storm the castle over it.
Agreed, except in unusual circumstances, the word: 'Rare' should be banned in coin collecting.
At one time I had a rare coin, the 1909 S inverted MM half dollar, It was rare because I discovered the variety and it was the only one known at the time.
Now, no longer rare, plenty found.
I don’t see why the term rare should be banned. These key dates are rare. It’s a matter of perception. Maybe not as rare as once thought, but compared to other common coins such as a 1938D Buffalos and 1881S 1922 dollars etc they are extremely rare. Rare is a relative term.
@asheland said:
I am very careful about what I call rare. Even careful with the word scarce.
And yes, calling a lot of those coins rare bugs me.
Didn't the old Whitman Coin Folders for the "Merc. Dime have a plug denoted rare in the 16-d hole? IIRC one or two other folders had a plug in rare spots. You popped the plug out when you filled the hole.
Successful transactions:Tookybandit. "Everyone is equal, some are more equal than others".
@asheland said:
I am very careful about what I call rare. Even careful with the word scarce.
And yes, calling a lot of those coins rare bugs me.
Didn't the old Whitman Coin Folders for the "Merc. Dime have a plug denoted rare in the 16-d hole? IIRC one or two other folders had a plug in rare spots. You popped the plug out when you filled the hole.
The SL quarter folder had a plug in the 1916 spot. I think there were more, but I can't recall either. I don't think very many people who used those folders actually filled those spots. If you could afford a 16D, you usually had better albums than a Whitman folder
BTW: As a kid, I ruined my first mercury dime folder trying to remove the plug. Didn't have the coin, just wanted to see what would happen. Fortunately, the dealer at the local coin shop gave me a used one to replace it. Nice guy.
@Colonialcoin said:
Circulated state colonials as well as Massachusetts silver that are in XF or lower condition should never, ever be encapsulated, unless concerned about authenticity. The inconsistencies in grading is beyond belief. Some straight grade when they shouldn’t, others state environmental damage when the coin was struck with poor metal(ie bust left Vermonts), over-graded, under-graded due to die failure, etc.
These are colonials, not Morgan dollars.
To be honest I don’t even think most 1793-1807 US coins should be slabbed. No reason something like a 1795 half dollar or 1796 dime in AG or G needs to be in a slab unless you’re really concerned about authenticity.
Part of the magic of early coinage is being able to hold such a piece of American history in your hand, IMO. Keep in mind this is just personal preference.
"You can't get just one gun." "You can't get just one tattoo." "You can't get just one 1796 Draped Bust Large Cent."
Finding a coin I really like only to realize its over graded.
Here's a variation on that.
Finding a coin I really like only to find that a dealer has it who constantly over charges for what he has. They are out there. I don't know how they survive.
These really amuse me. I assume that you both are among the 99% of this forum who aren't satisfied to buy from stock photos. That is you don't believe "An AU 58 is an AU 58. As long as it says AU 58 on the holder, I'm satisfied." So you go through dozens of example of a date and grade to find one that has great eye appeal, only to find out that the seller won't sell it for the price he would using a stock photo. There is nothing wrong with asking premium prices for PQ coins, and, you have to be OK to wait a long time to get your price which is obviously fair.
If a dealer is constantly overcharging for his coins and he's still in business because people keep buying from him, maybe his pricing is more in line with the current market than he's getting credit for.
@MasonG said:
If a dealer is constantly overcharging for his coins and he's still in business because people keep buying from him, maybe his pricing is more in line with the current market than he's getting credit for.
Or maybe he has a trust fund or a more lucrative primary/secondary job.
@MasonG said:
If a dealer is constantly overcharging for his coins and he's still in business because people keep buying from him, maybe his pricing is more in line with the current market than he's getting credit for.
Or maybe he has a trust fund or a more lucrative primary/secondary job.
Finding a coin I really like only to realize its over graded.
Here's a variation on that.
Finding a coin I really like only to find that a dealer has it who constantly over charges for what he has. They are out there. I don't know how they survive.
These really amuse me. I assume that you both are among the 99% of this forum who aren't satisfied to buy from stock photos. That is you don't believe "An AU 58 is an AU 58. As long as it says AU 58 on the holder, I'm satisfied." So you go through dozens of example of a date and grade to find one that has great eye appeal, only to find out that the seller won't sell it for the price he would using a stock photo. There is nothing wrong with asking premium prices for PQ coins, and, you have to be OK to wait a long time to get your price which is obviously fair.
No, that’s not what I met at all. I have paid Mint State for AU-58 coins many times.
I am talking about dealers who charge very high prices for everything. I won’t name names, but I once ran into a dealer who said that he had some British coins for me and that he would send me a list. When it arrived, every item was priced three or more times higher than the current British catalog.
I know that some items are worth more than the listed prices, but not everything. The proof is I have purchased the same items in the same grades for a lot less.
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 ... ?
Dealers that have no respect for your 45 years of numismatic knowledge. can't accept you know more than them.
even when your trying to help them. closed minds.
treat you as just a wallet to be opened for them. Hustlers not numismatists.
verbally abusive and angry dealers and I have met more than a few.
Comments
1) That it is so very hard lately to find some of the coins or medals that I want for sale.
2) And when I do, they take nuclear bids to win.
My US Mint Commemorative Medal Set
You mean you can lead a horse to water but then it’s really difficult to drown him?
Yea, they are really happy thinking they ripped someone off but then upon the realization they are the fool get angry. Just had one in the shop today with his $3 silver eagles.
A fool and his money are soon parted. Just not quickly enough for some…..
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.
That I didn't get some of those coins - thinking of the Canadian large cents and 1920s 1c and 5c versions - I thought were too expensive before....
That I didn't get some of those coins that were actually way cheaper than they are now!!!
My biggest issue with the hobby is the perception that a key date coin is "rare" and priced artificially high i.e. the 1893-S Morgan, 1916-D Mercury, 1909-S VDB cent, etc. At any one time, there are many multiples of these coins for sale online or at a large enough coin show, yet they are typically overpriced based on perceived demand.
A rare coin has a mintage of less than 1000 or 100 or 10, let's say. The 1856 flying eagle cent is a rare coin. A Stella is a rare coin. Condition rarity notwithstanding, the key dates I mentioned are not really "rare."
This mildly annoys me, but not enough to storm the castle over it.
"Bongo hurtles along the rain soaked highway of life on underinflated bald retread tires."
~Wayne
Circulated state colonials as well as Massachusetts silver that are in XF or lower condition should never, ever be encapsulated, unless concerned about authenticity. The inconsistencies in grading is beyond belief. Some straight grade when they shouldn’t, others state environmental damage when the coin was struck with poor metal(ie bust left Vermonts), over-graded, under-graded due to die failure, etc.
These are colonials, not Morgan dollars.
Agreed, except in unusual circumstances, the word: 'Rare' should be banned in coin collecting.
At one time I had a rare coin, the 1909 S inverted MM half dollar, It was rare because I discovered the variety and it was the only one known at the time.
Now, no longer rare, plenty found.
BHNC #203
Among some of my biggest personal dislikes in the hobby:
Washed out looking or cleaned, un-natural looking coins. Polished coins that look like a shiny hubcap.
When looking through coins, and the dealer is hovering over you within inches, watching you like a hawk. Invading your personal space. I do not return to those places.
That guy or gal, really needs to see a podiatrist ASAP!
When should the word be acceptable in dealer names?
NEVER!
Unless they have an 1804 dollar, slabbed for sale.
BHNC #203
If coins are being bought and sold, they are not priced artificially high.
If they were overpriced based on perceived demand, they wouldn't be selling. 1893-S Morgans, 1916-D Mercury dimes and 1909-S VDB cents are quite popular and are bought/sold regularly.
1) Only being able to choose one... LOL, Agree, or Like....some posts are worth a double shot
2) When my cherry picks become sour grapes
BST: KindaNewish (3/21/21), WQuarterFreddie (3/30/21), Meltdown (4/6/21), DBSTrader2 (5/5/21) AKA- unclemonkey on Blow Out
@MasonG I agree, the market sets the price, but my 3 examples are not rare, are marketed as "rare," and their prices are adjusted higher than similar coins minted at those levels (100,000's). Those three series are also ridiculously popular which accounts for their prices. Many people "overpay" but again, it's what the market demands.
"Bongo hurtles along the rain soaked highway of life on underinflated bald retread tires."
~Wayne
They are priced appropriately based on demand. You don't seriously believe that every coin with a comparable mintage will be valued the same by collectors, do you? You said:
"A rare coin has a mintage of less than 1000 or 100 or 10, let's say."
If 1,000 coins were minted but there are only 10 people who are interested in it, is it rare?
The market isn't making demands, it's the result of the decisions people make buying and selling. Whatever amount people choose to buy/sell for, they're not overpaying except in your mind.
Prices are determined by supply and demand, you're focusing on supply and not paying enough attention to demand.
I don’t see why the term rare should be banned. These key dates are rare. It’s a matter of perception. Maybe not as rare as once thought, but compared to other common coins such as a 1938D Buffalos and 1881S 1922 dollars etc they are extremely rare. Rare is a relative term.
I am very careful about what I call rare. Even careful with the word scarce.
And yes, calling a lot of those coins rare bugs me.
My YouTube Channel
I know the first two things I'd shoot. Shhh, it's for your own good.
Finally!! Pictures of Bigfoot!!!
After seeing pictures of those feet for the third or fourth time, I feel like I need to wash my eyes out with soap.
My YouTube Channel
I am more concerned with telemarketers who call 1938D Buffalos rare vintage coins to the unsuspecting general coin collecting public
1) I dislike auctions, which needs the page to refresh to determine how much time is left.
2) I dislike the fact that as I get older I forget the page needs to be refreshed.
Oh good, the opinion police are here.
Doubled dies that really aren’t and errors that are also not.
Both brought to you by the internet get rich quick schemes.
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.
I was hungry,never-mind now,thanks
Forget the soap, give me some caustic soda/lye 😵😂🤣
A few dislikes which come to mind:
Seller with a coin in a 55 holder priced as a 58. “It’s a slam dunk 58”. Well why isn’t it in a 58 holder then?
Make an offer BST posts.
.
.
Like dealers who say their coin is under-graded, which turns out to be their whole inventory. Or every coin is well struck.
Hungry? This might help?
https://brightstuffs.com/7-benefits-of-eating-gold-can-you-eat-real-gold/
Not gonna look,but everyone says don't clean your corns
I said this before and I'll say it again
People who put the coins in an auction and leave them registered it the registry
Mike
My Indians
Danco Set
Having recently experienced both of these, I'm going with your two Al. I have a submission at PCGS since February. Yes, i've called....and written.
Tom
Didn't the old Whitman Coin Folders for the "Merc. Dime have a plug denoted rare in the 16-d hole? IIRC one or two other folders had a plug in rare spots. You popped the plug out when you filled the hole.
The SL quarter folder had a plug in the 1916 spot. I think there were more, but I can't recall either. I don't think very many people who used those folders actually filled those spots. If you could afford a 16D, you usually had better albums than a Whitman folder
BTW: As a kid, I ruined my first mercury dime folder trying to remove the plug. Didn't have the coin, just wanted to see what would happen. Fortunately, the dealer at the local coin shop gave me a used one to replace it. Nice guy.
I remember the 1916-D dime slot having that filler in it. 👍
My YouTube Channel
To be honest I don’t even think most 1793-1807 US coins should be slabbed. No reason something like a 1795 half dollar or 1796 dime in AG or G needs to be in a slab unless you’re really concerned about authenticity.
Part of the magic of early coinage is being able to hold such a piece of American history in your hand, IMO. Keep in mind this is just personal preference.
"You can't get just one gun." "You can't get just one tattoo." "You can't get just one 1796 Draped Bust Large Cent."
These really amuse me. I assume that you both are among the 99% of this forum who aren't satisfied to buy from stock photos. That is you don't believe "An AU 58 is an AU 58. As long as it says AU 58 on the holder, I'm satisfied." So you go through dozens of example of a date and grade to find one that has great eye appeal, only to find out that the seller won't sell it for the price he would using a stock photo. There is nothing wrong with asking premium prices for PQ coins, and, you have to be OK to wait a long time to get your price which is obviously fair.
If a dealer is constantly overcharging for his coins and he's still in business because people keep buying from him, maybe his pricing is more in line with the current market than he's getting credit for.
Or maybe he has a trust fund or a more lucrative primary/secondary job.
my least two fav things are
1-Intorlerant collectors
2-the Dutch
11.5$ Southern Dollars, The little “Big Easy” set
Or.. Retired & collecting SS. LOL
SS won't get you very far these days.
Tell that to my wife.
She's already gone out to eat once this month.
I can't complain since she has the critical job.
She's the only one who knows how much money is in the coin account.
No, that’s not what I met at all. I have paid Mint State for AU-58 coins many times.
I am talking about dealers who charge very high prices for everything. I won’t name names, but I once ran into a dealer who said that he had some British coins for me and that he would send me a list. When it arrived, every item was priced three or more times higher than the current British catalog.
I know that some items are worth more than the listed prices, but not everything. The proof is I have purchased the same items in the same grades for a lot less.
Dealers that have no respect for your 45 years of numismatic knowledge. can't accept you know more than them.
even when your trying to help them. closed minds.
treat you as just a wallet to be opened for them. Hustlers not numismatists.
verbally abusive and angry dealers and I have met more than a few.
Obviously cleaned coins in TPG holders that are straight graded.
Dealers and sellers who don't price their coins they are selling.
DPOTD-3
'Emancipate yourselves from mental slavery'
CU #3245 B.N.A. #428
Don
Vacation mode over.
1)Real lowball offers .... Learned to say "pass" rather than have a conversation.
2When a potential buyer says, ")I want the coin badly. Can I pay you in a month?" For me, it never works out.
Yep. I have never made a sale to someone who started out with a lowball offer. Easier to just decline and go on your way.
Sellers who find counterfeits in poor old grandpa's collection... Wait a minute, could be me without some planning
.
When I rec a package that smells like a cat box or a ashtray.
Hoard the keys.