Here's a guy who has lost all the joy
kranky
Posts: 8,709 ✭✭✭
A letter in this week's Coin World:
"Why don't you shut up about the Uncirculated 2002 Olympic $5 commemorative? There are collectors out there who work hard, do research and keep track of mintage numbers and plan accordingly. If some people aren't aware of this information because they didn't bother to do the research or haven't taken this hobby seriously, why do you think you need to blare it out over the Internet and your magazine?
"You're just backstabbing those of us who've worked hard to keep track of these things. Can't we be rewarded for our hard work and dedication? I've noticed that since you have been screaming that this is among the lowest mintage coins in modern commemoratives, sales have jumped to over 10,000. Prior to all your reporting, the sales had been stagnant for months at about 8,700, including the 5,000 in the four-coin set.
"Do you have a vested interest in seeing the mintage figures rise? I don't. I planned and ordered mine as soon as they went on sale in October 2001. I know you think it's your duty to inform the people, but mission accomplished! Now, enough already!"
"Why don't you shut up about the Uncirculated 2002 Olympic $5 commemorative? There are collectors out there who work hard, do research and keep track of mintage numbers and plan accordingly. If some people aren't aware of this information because they didn't bother to do the research or haven't taken this hobby seriously, why do you think you need to blare it out over the Internet and your magazine?
"You're just backstabbing those of us who've worked hard to keep track of these things. Can't we be rewarded for our hard work and dedication? I've noticed that since you have been screaming that this is among the lowest mintage coins in modern commemoratives, sales have jumped to over 10,000. Prior to all your reporting, the sales had been stagnant for months at about 8,700, including the 5,000 in the four-coin set.
"Do you have a vested interest in seeing the mintage figures rise? I don't. I planned and ordered mine as soon as they went on sale in October 2001. I know you think it's your duty to inform the people, but mission accomplished! Now, enough already!"
New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.
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Comments
Cameron Kiefer
Obscurum per obscurius
I can write a letter to Coin World thanking them for brining the low mintage to my attention. "Since I read your article I have purchased 2,000 for investment purposes. Thanks, Coin World!"
Obscurum per obscurius
hopefully, that little statement put a dent into this topic.
Robert
Here's a warning parable for coin collectors...
The reason that they have not bought them is the reason I don’t buy them. As a collector I like the Proof coins much more. Of course if collectors did start to by more Uncirculated commemorative coins the mintages would go up and the prices would come down. Such is the nature of economics, which was once called “the dismal science.”
any profit made in coins for me is just gravy (and exciting because it allows me to buy MORE coins).
2 Cam-Slams!
1 Russ POTD!
"Waaaaaah! I can't make a lot of money because Coin World reported the news and did its job!" "Now I'm to cry, because I worked sooo hard looking up numbers and I feel I should be rewarded immensely."
Puhlease!