<< <i>"INSURANCE POLICY" was in quotes. Stop taking colloquial references and trying to formalize them. And, if you understand what I was trying to say >>
you completely missed the point. I understood, because i'm used to silly statements like that. but newbies who get on this forum & hear the 2 false statements you made over & over & over again might not understand. you are not being fair to them.
besides, YOU went on to compare a home insurance policy to a grading guarantee, not me.
<< <i>don't presuppose that simply because a coin collector is new to the hobby that he is not as smart as you and does not understand the English language. >>
the english language is not the problem, nor is being smart. the problem is misleading statements that, after continued repeating, evolve to distort or replace the truth.
<< <i>THIS IS A FALSE ASSUMPTION BY YOU THAT SIMPLY BECAUSE SOMEONE READING THIS BOARD IS NEW TO COIN COLLECTING THAT HE WILL NOT UNDERSTAND THE ENGLISH LANGUAGE AS WELL AS YOU. >>
i just answered this.
<< <i>I DO NOT WANT TO LOSE RESPECT FOR YOU EITHER. >>
you already have.
<< <i>I've taken to buying the higher dollar value coins in slabs because I want the guarantee that the coin is authentic >>
paigowjohnny, your statement proves that sometimes it takes a self-admitted newby to finally provide useful insight. that is an outstanding reason for purchasing a slabed coin.
<< <i>a coin slabbed by one of the top tier companies gives us two chances to grade the coin. >>
& that is also an excellent reason for buying a slabed coin - to get another OPINION.
the difference between what you are saying & what wondercoin is saying is that wondercoin's statements were misleading. that's really the point i'm trying to make. these last 2 statements are clearly useful to a newbie, misleading statements are not.
wondercoin, i think you are viewing my comments as a personal attack. they are not, & i will not back away from them. i am trying to point out though, that even a shift of 1 little word in a statement can change the value of an otherwise well-meaning statement.
example of how your statements might be rephrased:
old (1) "independent 3d party grading gives an unbiased opinion on the grade" new: (1) "3d party grading gives an opinion on the grade of a coin independent of the interests of the seller"
old (2) "the holder creates an "insurance policy" that the coin is the represented grade" new: (2) "the holder creates an "insurance policy" that the coin grades no lower than the represented grade"
while not perfect, i submit to you that the new versions are more accurate, & therefore more valuable, esp. to a newbie.
Anaconda's last post was one of the best I have read on this forum in a long time. It deserves to be at the top of a thread not buried deep in this one.
I'm not anti-modern coin. I just anti OVERPRICED modern coin. I lover the modern commemorative gold coins and don't care that I have lost money on them. I love the silver proof sets with state quarters in them. I hate overpriced, over promoted slabs.
During over 40 years as a collector I've seen modern coin markets can be played with. Yes dealers play with classic coin markets too, but not the extent that they can control modern coin prices. Some classic coins are not worth the market games because there are not enough of them to make it worthwhile. There will always be plenty of modern coins to fiddle with, and that's why you need be careful of them. Yes, enjoy them as collectors' items, but don't bet the ranch on them. Most of the time you are headed for disappointment.
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 ... ?
Comments
buying your coins raw thats ok.Especially if you really know what you are doing. For many of us though
a coin slabbed by one of the top tier companies(depending on the series) gives us two chances to
grade the coin. The 3rd parties opinion and then our own evaluation. Their are coins from the leading
companies in high grade I would not want as a gift. As for the question of classic vrs modern coins.
Why does it have to be either or, it is possible to collect both, either at different times in your
collecting career or at the same time. Each has desirable characteristics and each has appeal.
As to the question of toned verses untoned why,must we always have an iron clad rule
of only one or the other. For my Pr Kennedy set I prefer untoned coins, but for my MS classical
and Franklin coins I prefer beautiful toning. If you collect using the same effort and research
you use in buying a car or a home, then you will generally be spared the major downside risk.
I remember in the 1980s a downside plunge occured in high grade classical type coins that woul
curl your hair. Luckily, since I no longer suffer from hair on the head, I have ceased to worry
about its curling in the future. The jelly donut Bear
Camelot
<< <i>"INSURANCE POLICY" was in quotes. Stop taking colloquial references and trying to formalize them. And, if you understand what I was trying to say >>
you completely missed the point. I understood, because i'm used to silly statements like that. but newbies who get on this forum & hear the 2 false statements you made over & over & over again might not understand. you are not being fair to them.
besides, YOU went on to compare a home insurance policy to a grading guarantee, not me.
<< <i>don't presuppose that simply because a coin collector is new to the hobby that he is not as smart as you and does not understand the English language. >>
the english language is not the problem, nor is being smart. the problem is misleading statements that, after continued repeating, evolve to distort or replace the truth.
<< <i>THIS IS A FALSE ASSUMPTION BY YOU THAT SIMPLY BECAUSE SOMEONE READING THIS BOARD IS NEW TO COIN COLLECTING THAT HE WILL NOT UNDERSTAND THE ENGLISH LANGUAGE AS WELL AS YOU. >>
i just answered this.
<< <i>I DO NOT WANT TO LOSE RESPECT FOR YOU EITHER. >>
you already have.
<< <i>I've taken to buying the higher dollar value coins in slabs because I want the guarantee that the coin is authentic >>
paigowjohnny, your statement proves that sometimes it takes a self-admitted newby to finally provide useful insight. that is an outstanding reason for purchasing a slabed coin.
<< <i>a coin slabbed by one of the top tier companies gives us two chances to grade the coin. >>
& that is also an excellent reason for buying a slabed coin - to get another OPINION.
the difference between what you are saying & what wondercoin is saying is that wondercoin's statements were misleading. that's really the point i'm trying to make. these last 2 statements are clearly useful to a newbie, misleading statements are not.
wondercoin, i think you are viewing my comments as a personal attack. they are not, & i will not back away from them. i am trying to point out though, that even a shift of 1 little word in a statement can change the value of an otherwise well-meaning statement.
example of how your statements might be rephrased:
old (1) "independent 3d party grading gives an unbiased opinion on the grade"
new: (1) "3d party grading gives an opinion on the grade of a coin independent of the interests of the seller"
old (2) "the holder creates an "insurance policy" that the coin is the represented grade"
new: (2) "the holder creates an "insurance policy" that the coin grades no lower than the represented grade"
while not perfect, i submit to you that the new versions are more accurate, & therefore more valuable, esp. to a newbie.
K S
During over 40 years as a collector I've seen modern coin markets can be played with. Yes dealers play with classic coin markets too, but not the extent that they can control modern coin prices. Some classic coins are not worth the market games because there are not enough of them to make it worthwhile. There will always be plenty of modern coins to fiddle with, and that's why you need be careful of them. Yes, enjoy them as collectors' items, but don't bet the ranch on them. Most of the time you are headed for disappointment.
<< <i>I'm not anti-modern coin. >>
ROFL.