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Your future in coin collecting

nwcsnwcs Posts: 13,386 ✭✭✭
in U.S. Coin Forum
I've been thinking, given the issues raised in doctoring, AT, misrepresentation, blah blah blah raised here, has it had any impact on how you collect? Should it? What about in a few years?
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  • mrfredmrfred Posts: 718
    A little bit. Yes -- but by far the biggest factor in my future as a collector is my money! Do I have enough cash to keep on buying??? image
    Life got you down? Listen to John Coltrane.
  • DHeathDHeath Posts: 8,472 ✭✭✭
    Neil,

    Yes, the impact has been to make me seek additional education and improve my skills. I feel certain I can't depend on anyone or any company to afford me 100% protection from doctoring, 100% satisfaction with purchases, or 100% support in maximizing the value of my collection. It is up to each of us to be good collectors. I have more intereest in my collection than anyone else does, so I'll be more careful than any third-party would. See you at the ANA grading seminar.image
    Developing theory is what we are meant to do as academic researchers
    and it sets us apart from practitioners and consultants. Gregor
  • nwcsnwcs Posts: 13,386 ✭✭✭
    Well, I have to say it's been interesting to see the issues. I never imagined when I got back into coins that there was so much monkeybusiness! But I have to say that I'm with you, Don. I've been ramping up on knowledge and looking to get smarter in my purchases. Funny thing is, even if we chose another hobby we'd face similar issues. Still, antiquities and coins seems to be the most abused.

    See you in Charlotte! image

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  • kieferscoinskieferscoins Posts: 10,017 ✭
    I would say that caution will be taken by me.

    I recently bought a PR-61CAM seated dime. Looked great a few months ago (brand new PCGS slab). Than about 1 1/2 months ago the CAM started melting off and the coin turned a wierd purple from an improper dip. Mr. Hall at the FUN show agreeded that it was artifically frosted and offered to buy it back.

    Cameron Kiefer
  • clw54clw54 Posts: 3,815 ✭✭✭
    I expect the toning fad to pass. Then people the question if that untoned coin was toned at one time and if PCGS can tell.
  • BearBear Posts: 18,953 ✭✭✭
    One of the main reason I collect toned Binion Morgans, is the fact that I believe the tone

    doctors have not gotten their little fingers on the coins. The tone on the coins is a gift

    from Mother Nature.
    There once was a place called
    Camelotimage
  • clw54clw54 Posts: 3,815 ✭✭✭
    Bear, I saw a few of those at the Anaheim show yesterday.
  • mdwoodsmdwoods Posts: 5,549 ✭✭✭
    I will definitely be more cautious, but I will still be an avid collector. I have seen a slabbed Peace dollar that looked suspicious, like maybe it had been puttied, but I don't know enough to be sure. I did pass on the coin. mdwoods
    National Register Of Big Trees

    We'll use our hands and hearts and if we must we'll use our heads.
  • critocrito Posts: 1,735 ✭
    "Your future in coin collecting"... will be the same as my past in coin collecting (and none of the mentioned issues seems "new" to me). if everyone's hyping something, it's time to sell some, if everyone's bashing, time to buy some image inexpensive coins are easy to forget about for 10 years, by which time, they may not be inexpensive any more... and I can start the cycle all over again image
  • ZerbeZerbe Posts: 587 ✭✭
    Definitely !! Greedy coin doctors and the lying, telemarketing coin pimps they hire to push the product, have made me adjust my buying of coins. At this point I do not see it as a hobby. It is everyone for themselves. Big business, greed, fraud, lies and no laws to protect the consumer. How can you enjoy coins with all the cautions you have to take now.
    Sorry, guess I am being too pessimistic and cautious. I have to go to the bank now and make my hourly check of my coins.
  • Dog97Dog97 Posts: 7,874 ✭✭✭
    The only impact it has had on my collecting is that I am now more aware of & avoid AT, overdipped, altered, doctored, cleaned and damaged coins and might pay a prem for a nice coin.
    Change that we can believe in is that change which is 90% silver.
  • SarasotaFrankSarasotaFrank Posts: 1,625 ✭✭


    << <i>I expect the toning fad to pass. >>



    thank you.

    dot com mania. I suspect there will be lots of head scratching and forehead slamming followed by those six little words:

    "what COULD i have been thinking!"

    I'm with fcloud - make mine BLAST white.
    "I want to die peacefully in my sleep like my Grandfather did, as opposed to screaming in terror like his passengers."
  • ARCOARCO Posts: 4,420 ✭✭✭✭✭
    in the worldwide numismatic arena there are probably 30 trillion coins floating around. Don't be dismayed brother by the few coin doctors hawking their wares. Find an area you enjoy, understand the nuances of grading, pricing, market conditions, counterfeiting and have a blast!

    Tyler
  • braddickbraddick Posts: 24,199 ✭✭✭✭✭
    Coins are only half of the equation. The other half are the topics that are inspired from a group, like us, who talk coins and then allow the conversations to drift. That, in some ways, is even the better half of the full equation.

    peacockcoins

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