Some insight from Rick Tomaska on Modern coinage

relayer · December 19, 2002 3:43PM

It actually turned it in an informative thread...

LucyBop · December 19, 2002 3:48PM

I saw it when it opened and was pm'ing another member about it, I was really thinking about pulling the trigger. then POW! He beat Lucille to the punch! Shame on him!!!

Placid · December 19, 2002 3:50PM

Well you have more spending money.

LucyBop · December 19, 2002 3:56PM

Nope thats Rick T!!!!! R&I Coins! May the fleas of a thousand Camels infest his armpits!

Placid edited his post, he said he thought it was mnmcoin.

relayer · December 19, 2002 4:04PM

See Lucy, he who hesitates has lost.

LucyBop · December 19, 2002 4:06PM

I try to tell myself.. "Maybe the coin is overgraded" Maybe it really stinks, after all the scan looks shoddy"

'maybe..................... #@#%@!"

coynclecter · December 19, 2002 4:11PM

He got this one too

I liked it myself, but not for that price.

BIN

LucyBop · December 19, 2002 4:13PM

GASP!

Well isn't he the GRINCH who stole Lucy's Christmas!

Placid · December 19, 2002 4:21PM

Is this one o.k. ?

relayer · December 19, 2002 4:27PM

The 1963 is a pop 35 coin. The 1959 is a pop 3.

LucyBop · December 19, 2002 4:33PM

And I have a homemade 1963 pr68dcam already........

JR · December 19, 2002 4:42PM

<< Well isn't he the GRINCH who stole Lucy's Christmas! >>

Why, yes he is! Shame on him for shutting out the HepKitty!

oreville · December 19, 2002 8:38PM

Interesting....the fact that Rick is even rummagging through the ebay lots for things to buy and competing with us folk for lots is telling you something important...........

He must be having difficulty getting enough good inventory for his customers???????

Keep that more important factor in mind.......

LucyBop · December 19, 2002 10:08PM

Somebody, pull the plug on his internet connection!

MrKelso · December 19, 2002 10:25PM

<< Nope thats Rick T!!!!! R&I Coins! May the fleas of a thousand Camels infest his armpits!

Placid edited his post, he said he thought it was mnmcoin. >>

May the fleas of a thousand Camels infest his armpits!

Only his armpits Lucy?

That looks like a pretty Nice Franklin.

danglen · December 19, 2002 10:26PM

Gorgeous color!!!!

Gilbert · December 19, 2002 10:59PM

DeepCameoCoin IS someone at R&I, but not Rick.

It will be interesting to see if these show up for sale or auction under DCC's (UltimateCoin's) R&I eBay auctions, and for what price. If they don't show up, maybe they are for a particular customer.

That 1963 proof looks like it could have easily received a CAM designation; wonder how that would affect the pop report.

LucyBop · December 19, 2002 11:04PM

None the less, may their Internet connection never exceed 14k!

relayer · February 4, 2003 2:49PM

It's now listed in this months mail offering from R&I at $1350

LucyBop · February 4, 2003 3:41PM

I saw that! He's calling it one of the finest hes handled...... Rats and Phooey!

DesertLizard · February 4, 2003 3:49PM

It's now listed in this months mail offering from R&I at $1350

I guess he needs the 172% markup for all the hard work in getting the coin?

TWQG · February 4, 2003 3:51PM

He has outbid me on clad washingtons

LucyBop · February 4, 2003 3:52PM

I'm gonna have to drive over to where he is in my 55 BelAir and fix his wagon in person!

michael · February 4, 2003 5:13PM

i just received ricks current newsletter and he states that great toned mintstate coins and i am sure evenmoreso with franklins.............. are the coins to buy!

i see as usual he practices what he preaches

i guess if you see something you like on ebay and you really like it and it has a buy it now you might have to step up to the plate or lose out!

i think currently great! coins are selling fast on ebay and the days of being about to think about a great coin and waiting till the end of the auction to bid/bidding low if you do bid or if the coin doesnot sell asking the seller for a better price is becoming? a thing of the past

if you want it and you like it and you gots the discretionary money then BUY IT!!!!!!!!!!!!!!!!!!!!!

sincerely michael

IrishMike · February 4, 2003 7:09PM

Lucy, the next coin he buys is usually touted as the best one he has handled with a little edification.

Do you think he added $1200 value to the coin. I suppose someday when someone goes to sell it, they can brag how they bought it from R&I. You have to admire the niche he has found, as Dr. Phil says, its working for him.

LucyBop · February 4, 2003 7:30PM

<< if you want it and you like it and you gots the discretionary money then BUY IT!!!!!!!!!!!!!!!!!!!!! >>

I had the chance and was discussing this coin with another member, I was then stepping up to the plate to purchase it and WHAMMO! The HepKitty was smoked by the big bad bully! If only I would have just pulled the trigger immediately.....Maybe He'd be posting here on how the HepKitty out beat him, as it should be!

ultimatecameo · February 11, 2003 12:28PM

I always wonder why you folks don't address me directly. I am very accessible! I love talking coins.

That was a very, very nice 1959 Franklin. Not a deep cameo, but a solid Proof 69 - the first I have ever handled. And with attractive cameo contrast.

I thought the coin was a bargain at the price we sold it for.

I feel one of my biggest advantages buying superb coins from other people is not caring what they paid for it. If an individual offered me a coin for $3,000 that I thought offered good value if I sold it for $3,500 to a client, I would acquire it. It didn't matter if the original owner paid $25 for the coin, $250, or $2,500.

I was sincerely happy for him, and happy for myself and future client who would enjoy owning it.

Should the new owner of the 1963 Lincoln cent PCGS PR70DCAM care that the previous owner acquired the coin from me for less than 10% of what he paid?

Establishing the true value of a coin makes for good debate, but my feeling is that a discussion over what the previous owner originally paid is irrelevant and counter-productive.

I have had situations at a show where a dealer acquired a coin for, as an example, $500, and wanted to immediately flip it for $2,000. Should I pass simply because he wanted a 300% profit for 10 minutes work?

Its irrelevant. The only question worth answering is: What is it worth to me?

I hope to get the 1959 Franklin PR69 back someday, and I believe the new owner will have made a nice profit when he does decide to sell.

Kindest regards, Rick

Hey LucyBob -

You are a true Franklin lover! If you ever want to see some other neat stuff - give me a holler!

Russ · February 11, 2003 12:34PM

<< but my feeling is that a discussion over what the previous owner originally paid is irrelevant >>

Mr. T,

I wholeheartedly concur. And, while you're here let me just say thanks for the 1965 SMS Kennedy graded MS67 no cam that I snagged from you guys for $45, cracked out resubmitted, and got back a 67CAM that I sold for $385.

Russ, NCNE

airplanenut · February 11, 2003 12:41PM

Well said, Mr. Tomaska.

ultimatecameo · February 11, 2003 12:42PM

Russ -

You made my point!

That is what makes this so much fun. Its like treasure hunting! You never know what to expect around the next bend!!!!!!!!!!!!!!

tradedollarnut · February 11, 2003 1:02PM

Should the new owner of the 1963 Lincoln cent PCGS PR70DCAM care that the previous owner acquired the coin from me for less than 10% of what he paid?

A better question is: Should the new owner of the 1963 Lincoln cent PCGS PR70DCAM care that he can sell the coin for less than 10% of what he paid?

doops · February 11, 2003 1:04PM

<< I always wonder why you folks don't address me directly. I am very accessible! I love talking coins.

That was a very, very nice 1959 Franklin. Not a deep cameo, but a solid Proof 69 - the first I have ever handled. And with attractive cameo contrast.

I thought the coin was a bargain at the price we sold it for.

I feel one of my biggest advantages buying superb coins from other people is not caring what they paid for it. If an individual offered me a coin for $3,000 that I thought offered good value if I sold it for $3,500 to a client, I would acquire it. It didn't matter if the original owner paid $25 for the coin, $250, or $2,500.

I was sincerely happy for him, and happy for myself and future client who would enjoy owning it.

Should the new owner of the 1963 Lincoln cent PCGS PR70DCAM care that the previous owner acquired the coin from me for less than 10% of what he paid?

Establishing the true value of a coin makes for good debate, but my feeling is that a discussion over what the previous owner originally paid is irrelevant and counter-productive.

I have had situations at a show where a dealer acquired a coin for, as an example, $500, and wanted to immediately flip it for $2,000. Should I pass simply because he wanted a 300% profit for 10 minutes work?

Its irrelevant. The only question worth answering is: What is it worth to me?

I hope to get the 1959 Franklin PR69 back someday, and I believe the new owner will have made a nice profit when he does decide to sell.

Kindest regards, Rick

Hey LucyBob -

You are a true Franklin lover! If you ever want to see some other neat stuff - give me a holler! >>

eloquently spoken there rick

marcalan84 · February 11, 2003 1:04PM

Rick- You might want to edit your thread. I don't think that LucyBop is gonna like that "Hey LucyBob" comment. I don't think you want to open that can of worms. Better send her one of those "Frankies" to make it up to her.

ultimatecameo · February 11, 2003 1:31PM

Marcalan84

I will try this again. I'm not sure what happened to my first attempt at sending this message:

The "Hey Lucybop" was not meant as a slight in any way. Its meant as a salutation among friends who share some common interests.

It all started with Laura Sperber, when I would get emails addressed "HEY RICK"!

I kind of liked it.

It sounds like you may know her better than I. What kind of Franklin do you think might assuage her?

relayer · February 11, 2003 1:42PM

Rick-

It was a great buy, congratulations.

I was building a 1959 PCGS proof set and was doing a search and it showed up. Because the search display gallery is a few mintues behind, I saw the same thing as you did. A PR69 with a BIN of $500.

The only difference is when I clicked on the link, the ad said "Auction has ended with BuyItNow".

So that was annoying, but then I reconized the user ID. I sent you an email by ebay asking how much you'd want to flip it for, but you didn't respond.

I'd like to suggest you add a new eBay ID for buying. From a collectors point of view, it was bad enough losing out on the deal but because I was watching your mailings for 59's and I knew it would show up there next month. Kind of like salt pouring salt in the wounds.

Since I'm playing the PCGS Registry game I probably would have bought it when I saw it your mailing (well if it was $351 less I would have) had I not seen it on eBay first.

Anyway, I'll stick with my PR68 and more power to you!

ccr · February 11, 2003 1:51PM

You have a heck of a good eye for quality Rick. I`ve drooled over the coins that you have been offering on your site for a long time. They`re really amazing indeed.

ultimatecameo · February 11, 2003 1:58PM

Relayer -

I don't buy much on ebay. That was a fluke.

I'm not sure I received an email from you. If you sent it to the ebay bidder ID, it went to Jackie in my office.

The best way to reach me via email is rt@ricoins.com

I respond to at least 90% of my emails. I do miss them on occasion.

I hope I can make it up to you in the future!

Monstavet · February 11, 2003 2:18PM

TDN: ROFLMAO! Well put!
Lucy: U Snooze...u lose!
Rick: Good looking coin! It is funny how people talk about you as if you don't lurk here/post here often enough

DCAMFranklin · February 11, 2003 2:43PM

Hey Rick- You state that, "Should the new owner of the 1963 Lincoln cent PCGS PR70DCAM care that the previous owner acquired the coin from me for less than 10% of what he paid?"

Well, perhaps. Everyone on this Forum that saw that coin in person has stated that it would grade no higher that PR-67 DCAM today. Too many serious collectors have come to the same conclusion for this to be disputed. So, my question of you is this. Had you represented the new owner, what would you have advised your client to do in that auction? Will the new owner have any choice but to submit the coin for PCGS' grade guarantee?

Edited for a spelling error.

Monstavet · February 11, 2003 2:53PM

No! He put it in his #1 Registry set! The holder says it is PR70DCAM, so it is.

oreville · February 11, 2003 2:57PM

Hey Rick:

So when do you think PCGS will slab the first brilliant MS-67 FB Frankie and what date/mm do you think it will be? Here's wishful thinking that it is that 1950-P MS-66 FB you sold me a few years ago. But I am sure I am not alone with the candidate coin.

relayer · February 11, 2003 3:04PM

Last year I bought a coin from you and wanted to upgrade it to another one you had and called R&I about it. The gal who answered said she'd ask but you were out at a show.

When I called back to ask, she hadn't got answer yet. I asked when she would be talking with you and she said "Oh, I don't get to talk to him, only Sasha and Jackie get to talk to Rick".

So if the message went to Jackie then I'm getting higher up the chain.

DCAMFranklin · February 11, 2003 3:16PM

Hey Rick- Before you answer the questions in my previous post, perhaps you should read through this related thread:

1963 PR-70 DCAM

One of Russ' posts says, "I heard that Rick himself stated that the coin would grade no higher than 67 today." Would that be accurate??

gmarguli · February 11, 2003 3:17PM

Rick, maybe you answered this before and I missed it, but what did the 1963 1¢ PR70DCAM look like when you sold it? Has it changed in the slab?

braddick · February 11, 2003 3:31PM

Rick- I bet you wished you could turn back the hands of time and recapture this debacle:

DCAMFranklin · February 11, 2003 3:50PM

C'mon Pat, there is some Cameo frost there somewhere......right?......c'mon, keep looking! They didn't label that coin Cameo without any frost or contrast, did they? You know, Rick may place a little "incinerator" premium to the value of that coin......

MrKelso · February 11, 2003 6:45PM

<< Nope thats Rick T!!!!! R&I Coins! May the fleas of a thousand Camels infest his armpits!

Placid edited his post, he said he thought it was mnmcoin. >>

Lucy i have found that if you use 1001 Camels you will get a better infestation.

LucyBop · February 11, 2003 8:22PM

Hey Daddy-o! I already have some coins in my collection that came form R&I ...... And the KItty plans on getting some more!

braddick · February 12, 2003 12:26AM

<< C'mon Pat, there is some Cameo frost there somewhere......right?......c'mon, keep looking! They didn't label that coin Cameo without any frost or contrast, did they? You know, Rick may place a little "incinerator" premium to the value of that coin......

>>

It's not the fact this coin has NO frost, nor any cameo that is offensive (ok, everyone has an 'off' day) but check out the reeding marks right above the ear. That coupled with other marks should have easily taken this one out of the PR67 realm. Nope. Rick NEVER saw this coin.

I should start a Thread regarding how these PCI "signature series" coins never really made it, half the time, to the signature series Numismatists! PCI charged for the service and the coins NEVER left their building.
It is why the Service was quickly shut down and it all became hush hush.
Larry Briggs has the complete story (along with the lawsuit paperwork!) as he was also a part of this chapter and 'comedy of errors' on PCI's part.

MAULUMALL · February 12, 2003 1:01AM

<< C'mon Pat, there is some Cameo frost there somewhere......right?......c'mon, keep looking! They didn't label that coin Cameo without any frost or contrast, did they? You know, Rick may place a little "incinerator" premium to the value of that coin......

>>

It's my understanding that PCI had a deal with Rick whereby Rick would grade a certain quantity of coins and would affix his sig to those he infact,did grade.
It is also my understanding that PCI started to affix his sig on coins he didn't grade and when he found out about it,he immediately put a stop to it and took back his name.
That is my understanding of events anyway.

I have bought from his Co. and will attest to the fact that I think I have gotten the better of the deal.
That 59 was sweet and I bet he would have paid a lot more than he did.
Edited to add........Braddick said it better than me.

ultimatecameo · February 12, 2003 2:28AM

Tradedollarnut -

My answer to that question is on the Registry message board, under 1963 Lincoln PR70DCAM!

Some insight from Rick Tomaska on Modern coinage

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