Ironic and not appropriate...
MoneyLA
Posts: 1,825 ✭
In another thread on this, the registry board, there was this exchange concerning the auction of a rare and highly graded coin:
"i see the coin is currently at 10,700"
"Don't you mean holder?"
"Don't you mean EGO"
I find it very ironic that on a registry message board that there would be comments aimed to belittle registry coins and their collectors. I also feel that such comments are not appropriate and in fact insulting.
Some of us enjoy chasing the slabbed rarities and we certainly should not belittle others who are doing that -- and certainly not here on a message board for that type of collector.
'cmon guys.
best of luck to the bidders.
cheers, alan mendelson
"i see the coin is currently at 10,700"
"Don't you mean holder?"
"Don't you mean EGO"
I find it very ironic that on a registry message board that there would be comments aimed to belittle registry coins and their collectors. I also feel that such comments are not appropriate and in fact insulting.
Some of us enjoy chasing the slabbed rarities and we certainly should not belittle others who are doing that -- and certainly not here on a message board for that type of collector.
'cmon guys.
best of luck to the bidders.
cheers, alan mendelson
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Comments
Good points made. But heck, my wife still makes fun of me because I got kinda wrapped up in the Beanie Craze a few years back and found myself buying a couple of the super tough ones. -Walk into our closet and there a Humphrey and a Slither sit as a gentle reminder of how easy it is to blow $3,500.00 on a couple of six dollar toys and how life, in general, shouldn't be taken too seriously.
who belittle the coins and those who collect them. There are many reasons for this and in most
cases it boils down to ignorance and insecurity. When they see collectors paying "huge" amounts
of money for coins they've always held in utter contempt, they are reminded that they are paying
"huge" amounts of money for little discs of metal with little "real" value.
Of course some of these people are just mean.
So, in this instance, the comments are not belittling a registry coin. They are aimed and directed right at the heart of the matter - the collecting of inserts. Insulting? Yes, to the insert. To the coin? Nah. It's beyond being insulted.
Converse to your opinion, I think a good healthy dose of denigration is in order here!
the '63 cent is apparently not the finest "70" coin in existence there are those who say the coin
looks better in person. Regardless of the real grade of this coin there are those who collect bas-
ed on condition and trust the assigned grade sufficiently to bid accordingly. Most of the registry
participants read these boards and have their own opinion on the worth of this coin. It is not fair
to imply that all collectors (or even any of them) have as their primary interest the "insert". What-
ever price this sells for it would not be safe to assume that it was based on the picture, the coin,
the insert, or the "investment" potential unless you are familiar with the coin and the purchaser.
Others who have seen the coin say the picture accurately depicts the coin's flaws. If you can see flaws in a picture, the coin is not a 70.
While I'd agree the '63 cent is apparently not the finest "70" coin in existence there are those who say the coin looks better in person.
Not the finest 70? What the heck does that mean? A coin is a 70 or it isn't a 70 - it can't be 'kindof' a 70, just like someone can't be 'kindof' a virgin. A flaw is a flaw is a flaw. A PF69DCAM sells for $150. A PF66 w/ a PF70DCAM insert sells for $40k.... you tell me, what should I conclude?
It is not fair to imply that all collectors (or even any of them) have as their primary interest the "insert".
Who implied this about all collectors? Note that a statement purported to be from the previous buyer was posted to this board where he came out and said he "bought the insert, so what". If accurate, that's a pretty telling statement about the coin....
Whatever price this sells for it would not be safe to assume that it was based on the picture, the coin, the insert, or the "investment" potential unless you are familiar with the coin and the purchaser.
I trust my eyes and first hand reports of the coin. This is not a case of a coin being a liner and it being a matter of opinion as to its grade. A PF70 must be perfect under magnification, not imperfect to the naked eye. In this narrow instance, such comments are completely justified. The person that buys this coin either hasn't seen it or doesn't care that he's buying the insert.
<< <i>I haven't seen the coin and never make judgements about them from pictures.
Others who have seen the coin say the picture accurately depicts the coin's flaws. If you can see flaws in a picture, the coin is not a 70.
While I'd agree the '63 cent is apparently not the finest "70" coin in existence there are those who say the coin looks better in person.
Not the finest 70? What the heck does that mean? A coin is a 70 or it isn't a 70 - it can't be 'kindof' a 70, just like someone can't be 'kindof' a virgin. A flaw is a flaw is a flaw. A PF69DCAM sells for $150. A PF66 w/ a PF70DCAM insert sells for $40k.... you tell me, what should I conclude?
It is not fair to imply that all collectors (or even any of them) have as their primary interest the "insert".
Who implied this about all collectors? Note that the previous buyer came out and said he "bought the insert, so what". That's a pretty telling statement about the coin....
Whatever price this sells for it would not be safe to assume that it was based on the picture, the coin, the insert, or the "investment" potential unless you are familiar with the coin and the purchaser.
I trust my eyes and first hand reports of the coin. This is not a case of a coin being a liner and it being a matter of opinion as to its grade. A PF70 must be perfect under magnification, not imperfect to the naked eye. In this narrow instance, such comments are completely justified. The person that buys this coin either hasn't seen it or doesn't care that he's buying the insert. >>
<< <i>
<< <i>I haven't seen the coin and never make judgements about them from pictures.
Others who have seen the coin say the picture accurately depicts the coin's flaws. If you can see flaws in a picture, the coin is not a 70.
While I'd agree the '63 cent is apparently not the finest "70" coin in existence there are those who say the coin looks better in person.
Not the finest 70? What the heck does that mean? A coin is a 70 or it isn't a 70 - it can't be 'kindof' a 70, just like someone can't be 'kindof' a virgin. A flaw is a flaw is a flaw. A PF69DCAM sells for $150. A PF66 w/ a PF70DCAM insert sells for $40k.... you tell me, what should I conclude?
It is not fair to imply that all collectors (or even any of them) have as their primary interest the "insert".
Who implied this about all collectors? Note that the previous buyer came out and said he "bought the insert, so what". That's a pretty telling statement about the coin....
Whatever price this sells for it would not be safe to assume that it was based on the picture, the coin, the insert, or the "investment" potential unless you are familiar with the coin and the purchaser.
I trust my eyes and first hand reports of the coin. This is not a case of a coin being a liner and it being a matter of opinion as to its grade. A PF70 must be perfect under magnification, not imperfect to the naked eye. In this narrow instance, such comments are completely justified. The person that buys this coin either hasn't seen it or doesn't care that he's buying the insert. >>
I don't believe a proof or MS 70 exists.
That a previous owner says he bought the insert has no bearing on the coin or its grade.
This is the literal meaning of the phrase "bought the insert".
Many of the posters in the threads demeaning this coin, its sale, and possible purchaser
have implied that the only possible motivation is the assigned grade, ego, etc. Your own
last sentence says as much.
While there may or may not be ample reason to dislike this coin, what is the motivation of
those who are compelled to "scream it from the rooftops"? How would you feel if this were
your coin? Indeed, how would you feel if you wanted to own the coin at some price between
$1 and $100,000 but didn't want the ridicule if you won or people knew you bid?
My teenage kids are going to do SOME THINGS THAT NO MATTER WHAT I SAY THEY WILL DO. Of course, these will be stupid, foolish things that 20 years from now, I can say "I told you so". On the other hand, it is all part of learning process - sort of like when I ran to Las Vegas 2x in a week a few years ago to bet heavily (for me) on the Super Bowl of San Diego plus 20 against the 49ers. You know the old "any given Sunday" slogan and, geez, 20 POINTS IN A SUPER BOWL GAME. Well, guess what I lost, BUT, I HAVE NEVER BET A SINGLE DOLLAR AFTER THAT ON ANY GAME and at the last PCGS Invitational in Vegas last month placed ZERO BETS OF ANY KIND (OTHER THAN COIN GRADING BETS) OVER A 3 DAY PERIOD.
My point is simple - we have all WARNED this TO DEATH. Enough already - let the new buyer chase this coin to the Moon. Let him buy it for $35,000 and then sell it to the next guy a year from now for $31,000 and so on until 10 years from now the coin is back to selling at $2,000 where it may have started. Or, even if the coin sells for $41,000 this time, $43,000 the next and so on - WE HAVE STATED THE CASE AGAINST THIS COIN AD NAUSEAM. And, just like our teenage kids, there will be some "teenage" collectors out there who will have to learn from their mistakes. But, I will tell you this - in looking back I AM PERSONALLY HAPPY I BET THAT SUPER BOWL GAME - the small picture is the game (or the coin in this case), the big picture IMHO is what impact the bet or purchase has on someone in their lifetime, especially where they later recognize their mistake.
Wondercoin
have implied that the only possible motivation is the assigned grade, ego, etc. Your own
last sentence says as much.
Since they minted the darn thing by the billions [
While there may or may not be ample reason to dislike this coin, what is the motivation of
those who are compelled to "scream it from the rooftops"?
Why? Because this coin personifies everything that is wrong about the Registry - a nominally fine concept. But because coins are ranked by the grade on the insert and not by the actual quality of the coin, sometimes coins such as this are utilized to artificially manipulate the standings.
All that evil requires to triumph is for good men to do nothing....
This coin is all about ego and the paper insert and to say otherwise is ironic and inappropriate.