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the end of coin collecting for Barney

Dear fellow PCGS members,

Due to my sometimes uncontrollable behavior that leads me to make spurious and ill-conceived choices I have decided to give up
coin collecting. I will hang on to the nice coins I have as "souvenirs" of my experience. I want to apologize publicly to Morganluvr
for my abrupt cancellation of business. Thanks to Dog97, Michael, and Carl Wohlforth for their special assistance and friendship.
Thanks to Anaconda Adrian for scanning the Morgan.

I must be going. Perhaps I'll run into you all somewhere down the road if I need to auction the monster.

Best wishes and thanks. I wish you all the best,

Barney Plisko
6343 El Cajon Blvd #247
San Diego CA 92115
Nicht mehr Münzen-für jetzt!

Comments

  • krankykranky Posts: 8,709 ✭✭✭
    Barney,

    Sorry that you feel you need to leave the hobby. I hope you still enjoy the coins you have now.

    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.

  • UncleJoeUncleJoe Posts: 2,536 ✭✭✭
    Barney, Sorry to hear of your departure.image

    Maybe a break is just what you need and then you can return with a fresh start and perspective.

    It's a hobby, it's supposed to be something you enjoy.

    Good luck. Joe.
  • TrimeTrime Posts: 1,863 ✭✭✭
    Barney,
    Sorry to hear about your decision. I was curious about "spurious and ill conceived choices"....What happened? Did you run out of money? Buy AT coins wich were subsequently body bagged? Overpay? Bid on coins that you were unable to afford or had no intention of paying for? I rarely intrude on peoples privacy but it was your announcement on the forum and I thought some clarification of your problems that led to the decision to stop collecting coins would help others avoid similar mistakes.
    I hope y6ou respond but if not good luck. By the way collectors rarely die (figuratively) they just recoup their losses and reappear again later in a new coat of armour. Best of luck.
    Trime
  • This board has helped many people decide whether to buy or pass on a coin, and it has helped just as many avoid a "bad" purchase. Perhaps with this board's guidance you can ease back in. Best of luck to you. image
  • Barney - I sympathize with your decision and wish you the best. Coin collecting can be a hazardous hobby especially to one's pocketbook if one is not careful. Like many other collectibles, valuations can fluctuate widely and the possibility of paying more than what the item would be actually worth on the open market is pretty high unfortunately. I have read many stories of people investing in what they thought were very rare coins and then finding out that they were not that rare at all. It sort of reminds me of the stock market in the late 1990's with the huge emphasis on hi-tech investing. As with many of those companies, their net worth vanished and people's investment in those firms went south. Many people have had to postpone their retirement and future plans as a result of it. I hope that your "loss" was not too great for your overall financial picture. I know that the urge to buy can sometimes lead one to make bad decisions. Hopefully, you can possibly sell them in the future so that you recoup some of your losses. I had purchased some items from an online retailer last year for close to $2000 and wanted to return some of them, but the firm shut down abruptly and I was stuck with the items. I was a bit leery with buying from the company and should not have done business with them. I read on the MSN discussion boards that others had purchased far above what I spent and many could not return their items and tried to get their credit card companies to get their money back claiming fraud to no avail.
    If your coins were grossly overvalued, I would request some sort of explanation from the sellers. Anyhow, hope that you enjoy the coins that you do have and remember the old saying to cut out all the BS and that the bottom line is what really matters.
    Recommended reading - The PCGS Guide to Coin Grading and Counterfeit Detection and The Coin Collector's Survival Manual and NCI Grading Guide
    For the Morgan collectors - The Morgan and Peace encyclopedia by Van Allen and Mallis

    What would your slabbed coins be worth if the grading services went out of business? What would your coins be worth if the Internet was taken offline for good?
  • michaelmichael Posts: 9,524 ✭✭
    barney,

    thanks for the kind words and sentiments expressed

    but i cant fix correct convert change anyone but myself

    good luck to you

    sincerely michael

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