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Widget Sellers, Market Makers and WANNABEs..

MadMartyMadMarty Posts: 16,697 ✭✭✭
in U.S. Coin Forum
Oh My!!!image
It is not exactly cheating, I prefer to consider it creative problem solving!!!

Comments

  • DrizztDrizzt Posts: 1,036 ✭✭✭
    What is a widget? Not listed in PCGS glossery image
  • MadMartyMadMarty Posts: 16,697 ✭✭✭


    << <i>What is a widget? Not listed in PCGS glossery image >>



    Simple, any coin that Laura doesn't sell!!!
    It is not exactly cheating, I prefer to consider it creative problem solving!!!

  • DrizztDrizzt Posts: 1,036 ✭✭✭
    I see...so coins I can afford to look at then.
  • BillJonesBillJones Posts: 34,598 ✭✭✭✭✭


    << <i>

    << <i>What is a widget? Not listed in PCGS glossery image >>



    Simple, any coin that Laura doesn't sell!!! >>



    Ahh... Out there poking the Wicked Witch of the East in the ribs again. You're dog Marty, but getting her angry is easy.

    I can honestly say I went to Baltimore and did not see her or her table. Of course I was not looking for it either. image
    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • PerryHallPerryHall Posts: 46,607 ✭✭✭✭✭
    Widget----A common coin that can easily be located and multiple examples can be purchased at most major shows. For example, the high relief saint is a widget. You can easily buy a dozen at any major show with sufficient funding. The 1893-S Morgan is another example of a widget.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • TWODOGSTWODOGS Posts: 1,419


    << <i>What is a widget? Not listed in PCGS glossery image >>

    I think a widget is a sissified "little person." I could be wrong though.
    J.C.
    *******************************************************************************

    imageimageSee ya on the other side, Dudes. image
  • MadMartyMadMarty Posts: 16,697 ✭✭✭


    << <i>

    << <i>What is a widget? Not listed in PCGS glossery image >>

    I think a widget is a sissified "little person." I could be wrong though. >>



    Used for throwing or bowling with!!!
    It is not exactly cheating, I prefer to consider it creative problem solving!!!

  • BillJonesBillJones Posts: 34,598 ✭✭✭✭✭


    << <i>You can easily buy a dozen at any major show with sufficient funding. The 1893-S Morgan is another example of a widget. >>



    Well, not quite IMO.

    The thing about those two coins is that you need to match quality with price, and if that is a concern, getting a fair deal on those coins takes them out of the widget class IMO. Recently I tried to upgrade my High Relief from MS-63 to MS-64, but I could not get the numbers to work. Also there are some High Relief $20s in MS-63 holders that are not Mint State IMO. Too much rub on the knee!

    Now if you are talking about 1881-S Morgan Dollars and other Morgans of that stripe, NOW those coins are widgets!
    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • PerryHallPerryHall Posts: 46,607 ✭✭✭✭✭
    Bill---How many high relief Saints would you estimate are at a typical major show? Getting one that's properly priced is a totally different issue.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • lsicalsica Posts: 1,614 ✭✭✭✭


    << <i>The 1893-S Morgan is another example of a widget. >>



    Then everything is a widget. Then we're not coin collectors, we're widget collectors

    A little reality. How many "major shows" are there a year? A hundred total? A thousand? (I'm guessing, I have NO idea). A coin with a few thousand TOTAL examples known is a pretty scarce coin. Yet that'd be plenty to make "multiple examples" available for purchase "at most major shows"..."with sufficient funding"
    Philately will get you nowhere....
  • RussRuss Posts: 48,514 ✭✭✭


    << <i>The 1893-S Morgan is another example of a widget. >>



    They must be. Marty finds them in VF35 at pawn shops for $8.

    Russ, NCNE
    eBay consignment sales | | Collectibles from Resco CCC
  • lkeneficlkenefic Posts: 8,314 ✭✭✭✭✭
    widget

    Pronunciation: 'wi-j&t
    Function: noun
    Etymology: alteration of gadget
    1 : GADGET
    2 : an unnamed article considered for purposes of hypothetical example

    I think common date MS Morgans are definitely widgets...heck...even I can afford them so they MUST be widgets...Leo
    Collecting: Dansco 7070; Middle Date Large Cents (VF-AU); Box of 20;

    Successful BST transactions with: SilverEagles92; Ahrensdad; Smitty; GregHansen; Lablade; Mercury10c; copperflopper; whatsup; KISHU1; scrapman1077, crispy, canadanz, smallchange, robkool, Mission16, ranshdow, ibzman350, Fallguy, Collectorcoins, SurfinxHI, jwitten, Walkerguy21D, dsessom.
  • BillJonesBillJones Posts: 34,598 ✭✭✭✭✭


    << <i>Bill---How many high relief Saints would you estimate are at a typical major show? Getting one that's properly priced is a totally different issue. >>



    I don't know. I usually don't look for them. When I bought mine a few years ago at a Baltimore show, there might have been ten on the floor in some level of Mint State in PCGS and NGC holders. Smaller reginal shows might have four or five, but some of those are in PCI holders. I would not even consider buying a High Relief on one of those holders unless the price was really cheap.

    Overall the last I looked there were probably 6 thousand or so graded graded by PCGS and NGC. Those numbers are inflated by crack-outs, but there are also coins in third world grading service holders and some raw ones around. Overall of the 11,250 minted, probably 80 to 90 percent of the orginal mintage still exists in all grades.

    That makes the High Relief one of the most expensive fairly common coins around, but the demand for the piece is strong even among wealthy people who don't really collect coins. AND so far as I'm concerned the other common date overpriced champ, the 1995-W Proof silver eagle has a lot less going for it than the High Relief $20 gold.
    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • PerryHallPerryHall Posts: 46,607 ✭✭✭✭✭
    My point is that most collectible coins are widgets. They can be replaced with similar coins without too much difficulty. Those coins which aren't widgets are esoteric and include Morgans with exotic toning, colonials, patterns, early proofs, etc.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • WhizzardWhizzard Posts: 955


    << <i>

    << <i>

    << <i>What is a widget? Not listed in PCGS glossery image >>



    Simple, any coin that Laura doesn't sell!!! >>



    Ahh... Out there poking the Wicked Witch of the East in the ribs again. You're dog Marty, but getting her angry is easy.

    I can honestly say I went to Baltimore and did not see her or her table. Of course I was not looking for it either. image >>



    Well, it was Table 555. And no, there was no Table 666.
    What do you think, Mr. Bigglesworth?
    image
  • goose3goose3 Posts: 11,471 ✭✭✭
    image
  • RYKRYK Posts: 35,799 ✭✭✭✭✭
    Laura is toying with us. image

    From the Legend inventory:

    BUST LARGE CENT Coin Number : 1524
    1796 REV 97 PCGS MS-63 BN NOT A WIDGET!

    Not a coin you see every day! This piece has exceptional overall quality. The surfaces are clean but do display a touch of weakness in the planchet. There are NO visible problems. Both sides are an original even chocolate and do offer a touch of light glossy lustre. Miss Liberty and the details are well struck and have NO wear. The eye appeal is amazing. To date, only PCGS has graded 2 coins higher in BN (one is an MS66 if you can believe that). Adding one of these to any collection is special and makes the collection special as well. 210 year old coins in wonderful condition just do not appear on the market much anymore (not that there ever were a ton of survivors). We can't stress what a tremendous piece of our early history a choice coin like this represents.
    Pop. PCGS 2 / NGC 0
    $15,750.00
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • BillJonesBillJones Posts: 34,598 ✭✭✭✭✭


    << <i>My point is that most collectible coins are widgets. They can be replaced with similar coins without too much difficulty. Those coins which aren't widgets are esoteric and include Morgans with exotic toning, colonials, patterns, early proofs, etc. >>



    Well, that's sort of like the John Ford philosophy, and I really don’t agree with it. According to Ford, nothing in the regular U.S. series was worth collecting so far as he was concerned. He only bought and sold them. To steal a phrase of Dr. Sheldon, most regular U.S. coins were "machine made tokens" to John Ford.

    There are a great many coins that one could replace easily to fairly easily that have a great story or a wonderful history surrounding them. The only coins that I view as widgets are modern Proof and mint sets and certain Morgan dollar issues, like the S-mint coins from the 1879 to 1882, that are very common in choice to Gem Mint State. Most other items are not that easy to find.

    For example at the recent Baltimore show I was looking for some Liberty Seated type coins, especially the quarters and half dollars. You would be surprised how hard it is to find nice pieces. Most coins are over dipped, over graded or just ugly.
    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • rheddenrhedden Posts: 6,630 ✭✭✭✭✭
    Here are a few all-time great widgets to add to the list:

    1904 $20 Lib., 1924 Saint, and 1938-D Buffalo Nickel.


    For a Bust/Seated collector like myself, just about anything denoted "1853-P Arrows" could be classified as a widget.
  • ScarsdaleCoinScarsdaleCoin Posts: 5,293 ✭✭✭✭✭
    I think you need to remember that the "demand" plays a large part....some widgets are still quite good...... this case a 1916-d or a 1909 s vdb would be widgets but they are always in demand...
    Jon Lerner - Scarsdale Coin - www.CoinHelp.com
  • orieorie Posts: 998 ✭
    They're all widgets when you win Powerball.
    Cool set...poor pics
  • keetskeets Posts: 25,351 ✭✭✭✭✭
    if you really want to get away from widgets just start collecting SC$'s and you'll enjoy yourself while avoiding the hype and criticism.
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,470 ✭✭✭✭✭
    Market maker: a wannabe selling enough widgets to buy groceries for his family.

    widget sellers are the majority
    wannabes are also the majority sellers

    elitists are the minority who sit in power and judge the rest of us for having fun while they make a million to spend on a coin that the rest of us could really care less about, as we live in reality image

    image

  • carlcarl Posts: 2,054 ✭


    << <i>

    << <i>What is a widget? Not listed in PCGS glossery image >>



    Simple, any coin that Laura doesn't sell!!! >>


    I not only don't know what a widget is but I don't even know what a Laura is either.
    Carl
  • WhizzardWhizzard Posts: 955


    << <i>Market maker: a wannabe selling enough widgets to buy groceries for his family.

    widget sellers are the majority
    wannabes are also the majority sellers

    elitists are the minority who sit in power and judge the rest of us for having fun while they make a million to spend on a coin that the rest of us could really care less about, as we live in reality image

    image >>


    image
    What do you think, Mr. Bigglesworth?
    image

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