Does this kill the joy in coin collecting?

braddick

I stumbled upon this auction and although the pricing seems very fair, it kind of kills the enthusiasm of collecting coins.
Do you really want to chase after something that is so easily obtained?

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=804503851&category=3359

ursabear

An interesting approach to clearing inventory. I must admit, however, that I couldn't read the whole thing. The eBay ad is more busy than a kindergarten recess yard.

I don't know if it has a negative effect on me. However, I think you're right about one thing... the chase of just the right coin is thrilling -

airplanenut

I think it is nice that the ad isn't hype, but information- take it as you please... looks like a good seller

Jeremy

mbbiker

Looks like a good price for a pf-69 coin or am i wrong?

coppercoins

I kind of wonder why spend over $13 on common coins that can be had by the set at that price.

RGL

Wait a minute ... this is supposed to be fun? Body bags, misgraded slabs, flames from trolls, overpriced rarities and commons, etc, etc. ... Yeah, you are right. This is great! What is a hobby without challenges?

ANACONDA

Moderns.

Like blades of grass.

Each alike.

supercoin

Marijuana.

Hey man, just grass.

Tell the judge.

sumnom

Haiku should have one line of 5 syllables, one line of 7, and then one line of 5:



U.S. modern coins

all alike with low relief

come to the darkside!




Now that's a haiku, no?

kranky

That's a textbook example of buying the holder and not the coin, I guess. It struck me as being the same thing as going to a coin dealer and saying "Gimme $100 worth". It might appeal to new collectors who think they might get a bargain, though.


Haiku is easy.
Just stop writing at the
seventeenth syllab

BillJones

Some people should view this as a free instructional exercise. All the hype about how "scarce" modern Proof coinage with the cameo designation is quickly blown away with one Ebay offering.

No, this is not the much-revered PCGS product that is on sale, but for those who think they are collecting rarities that have a great investment future, this should serve notice. Shortages in supply will not drive up the prices of these coins. Only sustained and increasing demand will, and the history of demand for modern Proof coins as they grow older is NOT on your side if you buy these coins for the future.

cladking

<< <i>Some people should view this as a free instructional exercise. All the hype about how "scarce" modern Proof coinage is with the cameo designation is quickly blown away with one Ebay offering.

No, this is not the much-revered PCGS product that is on sale, but for those who think they are collecting rarities that have a great investment future, this should serve notice. Shortages in supply will not drive up the prices of these coins. Only sustained and increasing demand will, and the history of demand for modern Proof coins as they grow older is NOT on your side if you buy these coins for the future. >>




Good points! It does seem though that there may be a little bit of
a geometric increase in the demand of late. But even if this is true,
it will require years of this growth to absorb the large supply. Many
of the modern proofs are nearly all cameo and mintages are high.

darktone

I don't collect modern proof coins but I suspect the majority would grade like this for certain years. mike

coppercoins

<< <i>Many of the modern proofs are nearly all cameo and mintages are high. >>



Show me a US coin minted in the past 30 years that's NOT cameo. This whole "demand" thing for DCAM and UCAM modern proofs really baffles me. Do people not know the process was changed to make the cameo effect on the dies last a lot longer? Suffice to say that probably every proof cracked out of a set since 1976 and submitted directly out of the set has "come back" PR67CAM or higher, and mintages are easily over a million for most years, what are these people doing with these coins to create demand warranting sale at 10X-100X their "set" value? Paving their driveways with them?

BlueCole

what about a new collector who wants a 69UCAM? Doesn't seem bad to me.

B.

But then again, there's a reason he's selling 149 of them on ebay. . . . .

petertdavis

I think this is far from being something that would kill the joy of collecting. NGC is a good company. This specific dealer seems okay. A bit of hype, but on the Ebay hype meter, nothing spectacular. Price is right. I wouldn't mind having one of these as a 'stocking stuffer' as the dealer suggests (probably would be the best stocking stuffer I've had, ever, in fact).

Actually, I think it's great that people can find a source for cheap, but good quality, slabbed coins.

presleyh

Well If i could get about a dozen dcam 69 Ikes i would jump on em at 13.99. Say what you will about moderns but Ikes in dcam 69 or ucam 69 is a tough submission. My luck, I would get a handful of pennies.

gmarguli

Show me a US coin minted in the past 30 years that's NOT cameo. This whole "demand" thing for DCAM and UCAM modern proofs really baffles me.

30 years would mean 1973-present. Many coins from this time are not cameo (especially 1973-1977). Now 1978-present are full of cameos.

There are some coins from 2000-2002 that have no cameo. Forum members have posted them after being graded by PCGS.

mr1931S

my money would go to that guy with the wheatie hoard first...

at least i'd have some fun lookin'...

gmarguli

This specific dealer seems okay. A bit of hype, but on the Ebay hype meter, nothing spectacular.

Take a look at $16,000. A batch of graded coins worth $16,000. He lists values of an ICG PR70 state quarter at $1,600. I dare anyone to find a sale in the last year for an ICG PR70 state quarter for even $100.

coppercoins

<< <i>This specific dealer seems okay. A bit of hype, but on the Ebay hype meter, nothing spectacular.

Take a look at $16,000. A batch of graded coins worth $16,000. He lists values of an ICG PR70 state quarter at $1,600. I dare anyone to find a sale in the last year for an ICG PR70 state quarter for even $100. >>



He forgot the decimal point...yeah, he must have. He MUST have meant $16.00

DHeath

Cost of a 2002 proof set $19.95. Shipping $2.00. Cost of grading 10 coins $80. Cost of shipping to and from the service $15. Total cost to acquire and submit the coins yourself assuming all were PR69 Dcam, $11.70 per coin. Another case of a dealer ripping off a newbie?

Some collectors like moderns, not because they're rare, but because they're familiar and inexpensive to complete as a series in an attractive grade. They aren't investing, they're enjoying the hobby on a budget. PCGS understands this pretty well, and has made a little money building a market for these coins. This website is a byproduct. It stays pretty busy, and attracts tons of newbies. I think that's the difference in this site and NGCs. BTW - I like both, and collect both. It's just a point of view. I think pointing out their relative rarity of most moderns misses the point. Who that collects them believes they're rarities? Kill the joy? Nah. Just proves the value of the slab is $10 plus the coin.

coinrookie

A little off topic but. Bless you DHeath. I collect proof Ikes because I like them and they are affordable mostly (74 Clad a little pricey). This is an investment of my time. Not a future payoff. Modern collectors are not as dumb as other collectors think. I know that most modern proofs will never be big money coins. Also for everyone that thinks pr69dc is a lock, try submitting Ikes. It is not as easy as you think. Also I will buy 10 pcgs 76 Lincoln in pr69dc for say 100.00 that you make. Also the math has been done on this auction, it is a fair deal. Sorry about the rant. But most modern collectors just didn`t fall off the turnip truck.

airplanenut

<< <i>Show me a US coin minted in the past 30 years that's NOT cameo. This whole "demand" thing for DCAM and UCAM modern proofs really baffles me. 30 years would mean 1973-present. Many coins from this time are not cameo (especially 1973-1977). Now 1978-present are full of cameos. There are some coins from 2000-2002 that have no cameo. Forum members have posted them after being graded by PCGS. >>

Dixon has a 2002 PCGS PR68RD cent