WINDOW OF OPPORTUNITY.........
COINDOG
Posts: 402
Right Now A Great Opportunity Exists For All Collectors To Get In On The Ground Floor, Before Prices Go Through The Roof !!!I Am Talking About Full Step Jeffs, Ike Dollars, Roosevelt Full Torch
Dimes, And High Grade Kennedy Halves.
These Are Some Of The Fastest Growing Sets In The Registry, Also, Some Of The Fastest Growing Sets OUTSIDE The Registry.
Many Collectors " Missed The Boat " With Full Bell Line Franklin Halves !! A Lot O f People Called Them " Sleepers" !! Knowledgeable Collectors And Dealers Knew Better !!
I Have Looked Through THOUSANDS Of Ike Dollars To Find One 1972-P Type # 2 ( Valuable In Any Grade ) Or THOUSANDS Of Jeff
5 Cent Pieces To Find One Full Stepper.
Collectors Will Collect ONLY If A Series Is CHALLENGING !!!
That Is The MAIN Reason That Most Collectors Collect !!!
A Perfect Example Of This Is To Compare Buffalo, And Barber 5 Cent Pieces. Not A Single Barber Coin In The " RED BOOK ' Is Priced Above $ 1000.00 Even In Mint State !!!
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Comments
You Should Learn To Use Your KeyBOARD to TYPE ENGLISH Properly!@ Using Caps On Every Word Is Very Annoying And Difficult To Read !!!!
Again, no offense, but it's a pain in the ass to read. Personally too, I couldn't figure out what your post was about. You stated that collectors collect things that are hard to get. Yea, we know that. What was the post about?
-Ben
Here's a warning parable for coin collectors...
We play "Whack-A-Mole" with people who get too excited around here.
These opportunities have existed for years but human nature makes it difficult
to appreciate thing which are out of favor. We tend to follow the car in front of us
and to do like the neighbors. There is always safety in numbers or so it seems.
These coins are generating interest and are sure to at least be a lot of fun until
everyone gets on board. By then even the coins in circulation will have been pick-
ed clean and bargains will be few and far between.
It suffices for me just to see the process get started. That is where we're at; barely
even started.
William S. Burroughs, Cities of the Red Night
Looking for PCGS AU58 Washington's, 32-63.
Bruce Scher
most collectors collect for fun, and a chalenge. also, i have never met a collector who said" i want to loose money when i sell my coins"
sadly, most do !! when it comes time to sell, very few collectors realize a profit.
take the 1925-p peace dollar for example. i'ts almost 80 years old
and sells for a few dolars in mint state. however, the same coin in ms 66 has value, and continues to increase in price !
in addition, the ms 66 coin can be afforded by almost every collector. on the other hand, if you bought the ms 63 coin, you could keep it another 100 years, and it would still only be worth a few dollars !
the first thing that i learned was to buy the book first. the second thing was " if you are the only one that wants the coin when you buy it, you will still probally be the only one that wants it when it is time to sell it"
the biggest error that most collectors make is buying the wrong grade in a particular series !
also, not taking advantage of ground floor opportunities( full step jeffs, for example)
right now full step coins that are worth hundreds, or thousands of dollars can still be found in dealer cases for a fraction of their value !
it is a hype ad ! it seems that you did the right thing buying those washington quarters when you did.
i will never forget 1979-1980, when the price of gold hit $ 800.00 per ounce. everyone and his brother was trying to buy it !
the wise collectors, dealers, ect. bought it at $ 300.00 per ounce and sold it at $ 800.00 !
Then again, he sounds pretty seasoned.
Some of his points may be/are valid, as he has received some response, so "something" there in his initial post said "something" (or, are we just bored?).
I just like the fact that he made a great attempt to spell "lose" properly (it's usually the reverse). I know: "tough crowd"
Again, welcome to the boards.
<< <i>" if you are the only one that wants the coin when you buy it, you will still probally be the only one that wants it when it is time to sell it" >>
I highly disagree... and if you are a collector, why are you going to look ahead to the selling point of your coin when you buy it? Generally collectors hang on to their personal coins for quite a while... and there is always a possiblity of growth in an area. Look at Patterns, how desirable were they a couple years ago? How POPULAR are they now?
42/92
Actually Liberty Nickels are Barber Nickels, in that they were designed by Barber. They just don't usually go by that name.
Cheers
Greg
I am also waiting to find that MS example of the 1885 and 1912-S "Barber" nickel for under $1,000.
Collectors Will Collect ONLY If A Series Is CHALLENGING !!!
You have got to be kidding with that line! I suppose this would depend on how you define challenging, but overall that is the most rediculous statement I have read in a long time. Collecting state quarters from circulation is certainly not very challenging, but millions are doing it.
<< <i>I found that you get a lot more enjoyment collecting what "YOU" want to collect instead of collecting what someone else wants you to collect.
I am also waiting to find that MS example of the 1885 and 1912-S "Barber" nickel for under $1,000.
Collectors Will Collect ONLY If A Series Is CHALLENGING !!!
You have got to be kidding with that line! I suppose this would depend on how you define challenging, but overall that is the most rediculous statement I have read in a long time. Collecting state quarters from circulation is certainly not very challenging, but millions are doing it. >>
In Chicago we often get new coins from both mints. This makes an unc set of states issues
from circulation to be fairly easily accomplished. Of course, some of these coins look pretty
bad if you only look at a few rolls per week and watch your pocket change. The best Philly
Delaware I've seen (in the collection) would charitably be described as MS-60. I've simply
have not seen one of these which could be called choice. Even in the handful of mint sets
I've checked there are few that I'd call MS-63. There are several issues that I've yet to find
a nice choice unc. In fact, there is only one coin in this set that is really gem. (CT-P) I would
imagine based on reports from the coasts that even finding uncs from the distant mint is very
difficult in circulation. Not only do the coins have to move around a lot in their random walk to
get to your hands but there are other collectors seeking the same coin on its way to you. This
increases the time it will take to find one and the wear on the example you do eventually find.
This isn't to say that people should rush out and buy rolls of states issues to set aside or that
they should even collect them at all. It is simply saying that there is a challenge to find a nice
choice set in the Chicago area in circulation and a challenge to find an unc set on the coasts.
Whatever anyone thinks of the importance, designs, collectibility, or investment potential of
these coins, one inescapable fact remains: These coins are being collected by huge numbers
of people and are being set aside in huge numbers.
Whatever the future holds for them, they are fun to collect from circulation and they can be
challengeing on some level. Certainly in high grade they are very difficult to find even if you
include other sources.
the point being: most collectors do not make a profit when they sell their collection. they either sell at a loss, or break even.
the rare collector that does realize a profit is usually paid off in inflated dollars !!
i am not suggesting that any series is better to collect than another.( i collect a little bit of everything) what i am suggesting is to collect with an eye toward investment. ( be a collector first, and a investor second)
at some point every collection is sold !! i just dont think as collectors we should take a loss ( i have never met a collector who said:" i want to take a loss when i sell ")
regardless of what you or i collect, if we buy the grades that most other collectors want in a particular series, they will have value.
if we try to cut corners in a series and buy lower grades than most other collectors buy in that series, then we will have a lot of difficulty selling when the time comes to sell.
however, if anyone is determined to take a loss on their collection, then i will pay them 50 per cent of what it is worth, any volunteers ?
Amen. . .
Bruce Scher
ps it would be interesting to know just how many coins he had a hand in
<< <i>Bruce:
Actually Liberty Nickels are Barber Nickels, in that they were designed by Barber. They just don't usually go by that name.
Cheers
Greg >>