What If You Could Find Out The Truth Of What "REALLY" Goes On IN The Coin Business????
stman
Posts: 11,352 ✭✭✭✭✭
This could involve AT Coin docs, laser, putty etc.etc. What if those in the know were not afraid of being sued and revealed all?
Do you really want to know the truth? Can the hobby handle the truth? Would it ruin Numismatics as most know it?
Just curious!!!! OK, I know we're supposed to shut up and the "Coin Posse" is saving us without our knowing it.
One more question...... Are the ones that have been around Numismatics for all these years and come on here saying they know who
the above are.... are they being fair by not disclosing what they know and coming on here acting all nice and Innocent?
Just curious is all.
OK, stman goes back in hiding!!!
Do you really want to know the truth? Can the hobby handle the truth? Would it ruin Numismatics as most know it?
Just curious!!!! OK, I know we're supposed to shut up and the "Coin Posse" is saving us without our knowing it.
One more question...... Are the ones that have been around Numismatics for all these years and come on here saying they know who
the above are.... are they being fair by not disclosing what they know and coming on here acting all nice and Innocent?
Just curious is all.
OK, stman goes back in hiding!!!
Please... Save The Stories, Just Answer My Questions, And Tell Me How Much!!!!!
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Comments
From the little I know, I know too much for my own good. And I choose not to share, who needs to be sued! Damn lawyers!
TPN
.............i would probably be dissappointed. truth is always less intriguing than fiction, maybe stranger but less fun.
al h.
Of course not, but it might change the way we pursue our hobby. That would be a good thing. Educated buyers end up with better coins.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
<< <i>"Fair" has nothing to do with it. They're being smart. >>
How so?
And there's much, much more. Things that would make your skin crawl !!
Best,
Sunnywood
Sunnywood's Rainbow-Toned Morgans (Retired)
Sunnywood's Barber Quarters (Retired)
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
<< <i>And there's much, much more. Things that would make your skin crawl !! >>
Sunnywood, Every-time I come home from a show I feel the need for another shower.
Stman - Why do you keep on going to shows if you feel like that?
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
No. But maybe there's something wrong with repeatedly going someplace that makes you feel dirty.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
<< <i>Is there something wrong with wanting to be clean?
No. But maybe there's something wrong with repeatedly going someplace that makes you feel dirty. >>
Heh, I go many places that make me feel dirty. Something wrong? Nothing that a shower won't "usually" cure.
Where ya trying to go with this? Quit dancing and spit it out.
This could (COULD?) involve AT Coin docs, laser, putty etc.etc.
What if those in the know were not afraid of being sued and revealed all? YES AND WHAT IF BIRDS COULD TALK AND WE COULD ALL FLY?
Do you really want to know the truth?
NO. NOR DO I WANT TO STUDY PROSTITUTION IN GREAT DETAIL.
Can the hobby handle the truth?
UNFORTUNATELY, YES. IT WOULD HOWEVER, BE GREAT IF IT RUINED NUMISMATICS TEMPORARILY SO I COULD BUY THAT SPECIMEN 1794 DOLLAR AT CONTURSI'S GARAGE SALE.
Would it ruin Numismatics as most know it?
SEE ABOVE.
Just curious!!!! OK, I know we're supposed to shut up and the "Coin Posse" is saving us without our knowing it.
One more question...... Are the ones that have been around Numismatics for all these years and come on here saying they know who
the above are....
REMEMBER......GUYS WHO KNOW THINGS AND BRAG ARE OFTEN JUST GUYS WITH GOOD IMAGINATIONS
are they being fair by not disclosing what they know and coming on here acting all nice and Innocent?
FAIR TO WHO....US? THEY DON'T OWE US ANYTHING. WHAT WOULD THEY STAND TO GAIN? A REPUTATION FOR REVEALING POTENTIALLY CONFIDENTIAL INFORMATION?
Just curious is all.
OK, stman goes back in hiding!!
YEAH, RIGH.....WAIT A MINUTE.....I'M SPROUTING WINGS!!!!!
["Damn lawyers!" MAN, NO KIDDING! BURY 'EM!]
<< <i>Do you really want to know the truth? >>
It's like knowing how the law and hot dogs are made.
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<< <i>Sunnywood - You're in POTD territory! I mean, er, YOU'RE BANNED!
I'll second that
“It ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so.” Mark Twain
Newmismatist
<< <i>FAIR TO WHO....US? THEY DON'T OWE US ANYTHING. WHAT WOULD THEY STAND TO GAIN? A REPUTATION FOR REVEALING POTENTIALLY CONFIDENTIAL INFORMATION? >>
Well put. Or perhaps their source?
I think there are much more interesting truths than those you mentioned. Such as: ownership stakes in, and inner workings of, the grading services;
REMEMBER, ANY CONSPIRACY CAN BE REVEALED AND PROBABLY WILL BE EVENTUALLY
the volume of crackouts, resubmissions, conservation, etc.
IF "CRACKOUT ARTISTS" WERE MAKING AS MUCH MONEY AS SOME WOULD HAVE YOU BELIEVE, THEY WOULD PULL UP TO SHOWS IN LIMOS. THEY DON'T. THEY BORROW MONEY WHEN THEY NEED A "CAPITAL INFUSION"
How much dealers really score in gross margins;
DEPENDS ON THE DEALER - GUYS WHO BUY EVERYTHING AND TAKE OUT FULL PAGE ADS AND FLY ALL OVER THE PLACE MAKING OFFERS ON LARGE COLLECTIONS PROBABLY DO OK BUT WORK THEIR BUTTS OFF AND THE COMPETITION IS FIERCE. OCCASIONALLY THEY MAKE A BIG SCORE AND THAT MAKES THEIR YEAR....OTHER GUYS DO WELL DEPENDING ON HOW GOOD THEIR "EYES" ARE AND HOW CUT THROAT THEY WANT TO BE AND HOW MANY SHOWS THEY WANT TO GO TO. I COULD MAKE A LOT MORE MONEY IN COINS IF I WANTED TO BE GONE FROM HOME EVERY WEEKEND AND RISK GETTING KONKED ON THE HEAD. SOME DEALERS DO VERY WELL....THEY'RE SMART AND HARD WORKING...THERE ARE ONLY FOUR BARRIERS TO ENTRY INTO COINS......MONEY, TIME, KNOWLEDGE AND A HIGH IQ.
how many pros rely on upgrades rather than resales for profit.
PEOPLE LOVE TO REMEMBER THEIR HITS.....SOME PEOPLE ON THIS BOARD ARE PROBABLY JUST ABOUT AS GOOD AS THE AVERAGE CRACK OUT ARTISTS - NOT THAT GOOD.
What terms are negotiated by big consignors to auctions;
104-107% OF HAMMER ON A 100k CONSIGNMENT
how many lots in Heritage and Stack's and other auctions are actually owned or controlled by the auction house;
PROBABLY ABOUT 15-20% GIVE OR TAKE 10%
where all the fresh white pop-top PCGS-certified inventory at certain well-connected dealers really comes from (modrens and classics);
classics - ncs to ngc to pcgs however i don't see as many totally white classic coins in pcgs holders as are in ngc holders so who knows....as far as moderns go....i have no idea.....the mint?.....isn't that where they are minted?
how often coins are recycled from dealer to dealer to dealer before they find a home in strong hands.
DEPENDS ON THE COIN.....YOU WOULD BE SURPRISED HOW FEW COINS BUBBLE TO THE SURFACE AGAIN....MOST GO AWAY SHORTLY AFTER COMING ON TO THE MARKET....YOU JUST MAY REMEMBER THE EXCEPTIONS
How much dealer inventory is really consigned by other dealers or collectors.
WITH ME - NOTHING....WITH A BUDDY OF MINE.....100%
How wholesale buyers screw the crap out of less-informed sellers.
WITH SOME OF THEM, AS OFTEN AS THEY CAN. WITH OTHERS, NEVER.
How bids are manipulated at auctions,
IT'S CALLED THE RESERVE HOWEVER NO MATTER WHAT YOU DO, IT WILL COST YOU ONE WAY OR ANOTHER REGARDLESS OF WHETHER OR NOT THE COIN SELLS OR DOESN'T MAKE RESERVE.
in the Greysheets;
IMAGINE A SMALL GROUP OF PEOPLE FIGURING OUT BIDS ON THOUSANDS AND THOUSANDS OF COIN PRICES....FOR MANY ISSUES, THE PRICE SHEETS SET THE PRICE. MANY ISSUES ARE TOO CHEAP IN THE SHEETS. SOME ARE TOO HIGH.
who controls pricing in the guide books;
THE EXPERTS IN THE SERIES....CLINE ON SLQS....ETC., ETC.,
how distorted are the pop reports.
YOU CAN DO A STATISTICAL ANALYSIS BUT WHO CARES....IT'S ALL RELATIVE.
Wouldn't it be nice to know every holder that a particular coin ever resided in?
NO......MAKE UP SOMETHING INTERESTING....REPEAT IT A FEW TIMES....YOU'LL SOON BE ASLEEP.
I bet some coins have shocking histories.
REMINDS ME OF "STUNNING" DIE VARIETIES. IN MY BOOK, NO DIE VARIETIES ARE STUNNING. GIRLS ARE STUNNING.
REMEMBER, THE LAW IS AN ASS.
Stman - OK, fine, you want blunt? You got it. There are things I like about my business and my hobby. There are other things I don't like. When I come to these boards, I come to have fun. Sometimes, maybe, to meet new friends and clients. But I try to stay focused on the good things. Doesn't mean I ignore the bad. HRH will attest to that, as will others. But I wonder about people like you that focus on the bad. Beyond stirring up trouble, do you enjoy the hobby? Do you even like coins? What makes you tick? What do you LIKE??? Enquiring minds want to know!
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
<< <i>But I wonder about people like you that focus on the bad. Beyond stirring up trouble, do you enjoy the hobby? Do you even like coins? What makes you tick? What do you LIKE??? Enquiring minds want to know! >>
Fair enough. I simply asked some questions. I don't see that as stirring up trouble.
Sorry if this thread bothered you. You could have ignored it.
BTW, I tried my best to not point fingers at dealers or collectors. You seem to take offense at it though. Stirring up trouble, how so?
Are you trying to censor me for just putting some hypothetical questions out there? What a joke.
First, I don't have the power to censor you. Second, you say you come into the place in which I live, work and play and you say you leave needing to take a shower. Yeah, I take offense. But I'd still like to know why you care.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
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David
Try this.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
As for me, I would like to know. I also enjoy the hobby. I also don't spend "big bucks" (to me) like some around here do. I don't buy awesome toners. I don't buy high-end RD lincolns from olden times.
I am sure I have some "recolored" or "lightly cleaned" coins. I know I have some dipped coins (blast white morgans).
For all that, I would like to know the "industry secrets".
Also, for those dealers/collectors that come on and say "yes, if you only knew what XXXXX has done to coins and can do...." but then doesn't say.
If you know something, and aren't going to say anything, then DON'T SAY ANYTHING...NOTHING. Don't even hint at it.
If you want to say something, then cool. Seems most are part of the "good ol' dealers" network or are afraid of retribution from others.
Wimps.
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
<< <i>He's just trying to encourage you to be positive....maybe he missed some of your positive threads. >>
Not that I am going to keep going round and round with the likes of you 2. Please note the thread I linked in my previous post on
"Good dealers."
That thread sat at the front page for a few days...... I'm sorry I don't see your name in there. From anybody.
When I look at my gold type set I don't think shows, dealers, AT , cleaning or anything else except the coins I'm holding.
BTW, It real obvious this was a thread intended to stir the pot, so drop the "babe in the woods" routine
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Dude...stman.....i was trying to be nice to you.
Thank you.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
<< <i>Dude...stman.....i was trying to be nice to you. >>
OK, but it didn't seem that way. It seemed you were saying I am never positive.
BUT, I will say that I am who I am. I don't sugar coat anything. I don't win any popularity contest.... nor do I try!!!!
Well, we have suceeded not only using mental telepathy in forcing stman to post this thread but we have successfully overtaken it and completely wrecked it.
Just kidding stman. You posted this because your neighbor's dog told you to.
Just kidding again.
<< <i> You posted this because your neighbor's dog told you to. >>
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Yes, thank you for answering our prayers.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
That's why it's so important to educate yourself.
<< <i>Yes, thank you for answering our prayers. >>
Ain't nothing but a "thang."
<< <i>Well, we have suceeded not only using mental telepathy in forcing stman to post this thread but we have successfully overtaken it and completely wrecked it. >>
Wrecked it? Haha, you did EXACTLY what I knew (and hoped you would.)
BTW, better check your spelling. I know those things bother you. I guess with your agenda to "Get" me you got too excited. LOLOL