Is Coin Collecting Pure?

GottaGetCoins

Like anything else, has coin collecting become too commercialized? Ebay, Teletrade flooded the arena with unethical sellers. I mean coins can be worse than used cars.

Is the game still pure? How many collect versus buy. Isnt it the search that matters. Isnt it the desire to have a specific coin that matters?

Your thoughts?

nwcs

I don't think coins has ever been "pure." Seems like used car sales for a very long time now. And even if you collect only (or majorly) you still have to know and play the game to get your coins. So either way you're in the game.

Compa

Many seem to be in more for the money (investment) than the pleasure of collecting. And I'm not talking about dealers. Those that 'collect' gold, silver bullion issues by the dozen are not collectors. Those that buy rare high grade stuff without really knowing the history behind the coins are often just picking up the piece with hopes of turning a profit in a year or so.

Scammers and theives are everywhere and in every niche you can think of. Coin collecting is not exempt.

Pure? Hardly!

Can it be? It is whatever you want it to be.

LucyBop

<< <i>I mean coins can be worse than used cars. >>



Hey, I like my used cars...

LucyBop

Q]I mean coins can be worse than used cars. >>



Hey, I like my used cars...

nwcs

Compa, that's not new -- especially the scammers and thieves! And I bet it would have happened if bullion ownership was allowed during the gold ban years. The only thing different is that we hear about it much more and the population has increased. I don't know if proportionately the same percentage collect now as before. But assuming so, it would stand to reason that more of these things would happen simply because the raw number would have increased. But that change would not indicate an increased percentage on its own. Just a proportional change.

GottaGetCoins

Great cars HepCat!

Stuart

Lucy Bop: Those are some really neat wheels that you've got there!!

Coin collecting can be as pure as you'd like to make it. We are each in control of your own numismatic destiny...

Compa

I want to go for a ride!!!!!!!!!!!!

LucyBop

Even in my Pace Car Limited Edition?

GottaGetCoins

Lucy, Im buying one of the following..Porsche 911, the new Vette or the new Mustang....Which do you like?

Id love to get a 67 Vette but its too much tinkering for me, Im not mechanically inclined. Do you do the work?

boz

<< <i> Ebay, Teletrade flooded the arena with unethical sellers. >>



These aren't the only things that affect the hobby. One day soon I will tell a story, about a transaction with whom many here would consider a "reputable" dealer. This one would sour anyone on this hobby. He has tied up my 7K + for 4 months now due to his shipping error. Nuff said for now.

LucyBop

<< <i>Porsche 911, the new Vette or the new Mustang.... >>




I love em all.......... not a loser in this line-up....


I do some work, I used to do more of it when I used to compete in my 11 second Turbo Charged 64 vw bug at Firebird Raceway in Phoenix....

Now, I take my stuff to some of the best I can find locally.......

Dave99B

Lucy, is this thread about coins, or cars!!!

Dave

spy88

Lucy, thats a really neat looking sticker you have on the chrome bumper of your red/white rocket!!! Where can I get one?

Back to TOPIC---coin collecting has been done for thousands of years. Roman generals used to take theirs into battle with them. Auctions for coins have been going on for over 300 years. It is no different for us now as it was for them then. Everything is relative to the time and the money one has for his/her pursuits.

There were counterfeiters, unethical sellers, and thieves throughout history doing their thing in numismatics, just as there are today, and will be until we ever get to a "cashless" society.

mdwoods

Is Coin Collecting Pure?

Nothing that humans are involved in is pure. Especially when it comes to selling.

Bear

This hobby was never pure, it never will be pure.

There is a sustantial sector of legitimate and honorable

dealers. There is a substantial sector of sometimes ,halfway

honorable dealers if they know you and then there are the bottom

night crawlers , attracted by easy money and scams and innocent marks.

Foolish collectors who think they are smart enough to con the con artists.

There are hypocritical publications who accept advertising from some of the worst

offenders of good bussiness ethics it is possible to imagine. There are sleazy grading

companies who to paraphrase Earl Sheib, (We will slab any coin any time in any grade you wish)

How does the collector survive this jungle, learn what your doing, deal with reputable companies

and people who have stood the test of time. Utilize the services of top tier grading companies.

Use informative and honest Forums such as this one. You ask a question and you will get a straight

answer. It may be blunt, it may not be what you want to hear, it might even offend you. But it is the

truth that will set you free. Be careful, prudent and always mentally question a coins grade . Regardless of

how it may be graded, does it measure up to your own internal standards. Remember every fault that

appears on the coin when you buy it, will still be on the coin when you try to sell it. Sell several of your coins

every year. That will tell you if your selection process is faulty, if your sources for those coinns is less then

commendable or if your ability to spot nice coins just stinks.

LucyBop

holy hijacked threads Batman!!

some people have alot of nerve....

MacCrimmon

<< <i>Hey, I like my used cars... >>



MS70, baby!!

Trime

The wise old Bear knows!

mercurynut

Its just pure fun!

Trime

It was pure for me when I was 13 years old and looking through change for coins to fill in the holes in my album.
Well it is somehow a little different now.

LucyBop

<< <i>It was pure for me when I was 13 years old and loking through change for coins to fill in the holes in my album. >>



I am building a very nice set of raw Winged Libertys and placing them in my National Coin Album....

I am excited to fill each slot, its pure fun, and I feel 13 again!

Dennis88

Nice Cars Lucy!!!

Trime

Lucy,
You bring the sand box and we can pretend as it was.