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Words of Wisdom - 10 Words Max!

MrEurekaMrEureka Posts: 24,691 ✭✭✭✭✭
in U.S. Coin Forum
Please share your numismatic wisdom in no more than ten words.

No cheating!
Andy Lustig

Doggedly collecting coins of the Central American Republic.

Visit the Society of US Pattern Collectors at USPatterns.com.
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Comments

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    JulioJulio Posts: 2,501 ✭
    Do not buy coins as an investment, collect to enjoy. jws
    image
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    krankykranky Posts: 8,709 ✭✭✭
    Collect what YOU like and don't expect to make money.

    New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.

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    PerryHallPerryHall Posts: 47,538 ✭✭✭✭✭
    Don't buy raw gold off eBay.

    Don't buy raw tradedollars from China off eBay.

    Don't buy third world slabs unless you can grade & authenticate.





    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

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    MrEurekaMrEureka Posts: 24,691 ✭✭✭✭✭
    If the money spends easily, rethink your plan.
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
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    DHeathDHeath Posts: 8,472 ✭✭✭
    Develop your eye, buy like a dealer, sell a few.
    Developing theory is what we are meant to do as academic researchers
    and it sets us apart from practitioners and consultants. Gregor
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    fivecentsfivecents Posts: 11,207 ✭✭✭✭✭
    Never buy problem coins you will applogize for when selling.
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    SciotoScioto Posts: 955 ✭
    Caveat Emptor
    GO AHEAD! I DOUBLE-DOG DARE YOU TO RATE ME A 1!
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    LongacreLongacre Posts: 16,717 ✭✭✭
    Russ is King of Kennedys. Do you understand that, punk?
    Always took candy from strangers
    Didn't wanna get me no trade
    Never want to be like papa
    Working for the boss every night and day
    --"Happy", by the Rolling Stones (1972)
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    LouisLouis Posts: 3,687
    Once a fool, twice, a damn fool. image
    image

    image
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    ColonialCoinUnionColonialCoinUnion Posts: 10,087 ✭✭✭
    I threw myself on a live grenade for you guys.
    Coin Rarities Online
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    LanLordLanLord Posts: 11,754 ✭✭✭✭✭
    RIP Colonial Coin Union
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    saintgurusaintguru Posts: 7,728 ✭✭✭
    Coins are metallic footprints of the history of nations.
    image
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    jmj3esqjmj3esq Posts: 5,421 ✭
    Do not buy raw coins from online auctions.
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    ColonialCoinUnionColonialCoinUnion Posts: 10,087 ✭✭✭
    If a slabbed coin would be worth less raw, pass.
    Coin Rarities Online
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    curlycurly Posts: 2,880 ✭
    It's a hobby, nobody needs a rare coin.
    Every man is a self made man.
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    PerryHallPerryHall Posts: 47,538 ✭✭✭✭✭
    Don't buy widgets from wannabe dealers. image

    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

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    RobJoyce1921dVAMguyRobJoyce1921dVAMguy Posts: 942 ✭✭
    If you think it "might have been cleaned" it was.
    Rob Joyce - Dollar Variety / VAM Collector
    http://www.vamworld.com
    and
    http://www.rjrc.com
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    lkrarecoinslkrarecoins Posts: 2,137 ✭✭✭
    "you don't lie to me son, you lie to girls"

    (Rodney Dangerfield - Back to School 1986)
    In Loving Memory of my Dad......My best friend, My inspiration, and My Coin Collecting Partner

    "La Vostra Nonna Ha Faccia Del Fungo"
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    NumisOxideNumisOxide Posts: 11,037 ✭✭✭✭✭
    Buy the coin, not the holder.
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    ElKevvoElKevvo Posts: 4,198 ✭✭✭✭✭
    It is OK to collect modern circulated coins.
    ANA LM
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    RYKRYK Posts: 35,800 ✭✭✭✭✭
    If you have to convince yourself, pass.
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
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    BarryBarry Posts: 10,100 ✭✭✭
    There's no Santa Claus in numismatics.
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    RYKRYK Posts: 35,800 ✭✭✭✭✭
    Buy coins in PCGS holders, sell them in NGC holders. image

    (Does the wink count as a word?)
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
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    BobaFett72BobaFett72 Posts: 7,304
    Raw coins taste better than plastic.

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    RYKRYK Posts: 35,800 ✭✭✭✭✭
    Great coins are never cheap; cheap coins are rarely great.
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
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    dizzyfoxxdizzyfoxx Posts: 9,823 ✭✭✭
    Buy only those "just gotta have it" coins, no regrets.image
    image...There's always time for coin collecting. image
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    coinguy1coinguy1 Posts: 13,484 ✭✭✭
    Seek assistance from willing and qualified dealers and/or collectors.
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    coindeucecoindeuce Posts: 13,510 ✭✭✭✭✭
    image Believe half of what you see, none that you don't. image

    "Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
    http://www.american-legacy-coins.com

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    123cents123cents Posts: 7,178 ✭✭✭
    Don't buy a coin you don't like regardless of price.
    image
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    busco69busco69 Posts: 815 ✭✭
    If it don't cost dollars it don't make cents.
    ''Coin collecting is the only hobby where you can spend all your money and still have some left''
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    MrBreezeMrBreeze Posts: 1,039 ✭✭✭
    Buy Books.
    Learn More.
    Take Counsel.
    Share Knowledge.

    And most importantly,

    Have Fun.

    https://www.pcgs.com/SetRegistry/collectors-showcase/world-coins/one-coin-per-year-1600-2017/2422

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    MORGANHUNTER2MORGANHUNTER2 Posts: 4,473 ✭
    Never use the mortgage money to buy a rare coin!

    you need the roof more than the coin!
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    KollectorKingKollectorKing Posts: 4,820 ✭✭✭✭✭
    don't follow the "herd" mentality
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    poorguypoorguy Posts: 4,317 ✭
    Knowledge, Appreciation, Passion, Budget, Time, Respect, Experience, Patience, Common Sense

    Ok, now let me explain.

    Knowledge: Learn about what you want to buy before you buy it. You wouldn't buy a car for your family without making sure you knew what else was out there or if it was the best deal. Also, you don't have to be a genius to enjoy the hobby. Just as good as knowing the answer is knowing where to find it.

    Appreciation: Appreciating the great history and impact coinage has had on our nation is just important as appreciating the coins themselves. If you don't appreciate the history, you're just collecting pretty shiny round things.

    Passion: This is the driving force in all of us that pushes us to look for that perfect coin to fit in a matching set. It drives us to look for the rare varieties within a type. It is what drives the treasure hunter to keep searching for the gold. It is essentially love for coins.

    Budget: Coins are a hobby to most and therefore should not be the main funnel of a family's income. Take care of your other finances first, then play with coins. Don't buy coins you can't afford.

    Time: Building a collection takes time. Also, take time out to admire the work you've done putting a set together. Reminisce about the experiences you went through with each coin in your set.

    Respect: Earning the respect of the collecting community and showing respect for fellow collectors and dealers will build alot of bridges and will increase both your level of experience and add to your appreciation of this hobby.

    Experience: Nobody ever became an expert by staying buried in a book. People took their knowledge learned from books and articles and used that power to better experience the hobby they have a passion for. Visit shows, join a coin forum image, go to the ANA museum and the smithsonian. For instance, I was sent a coin by a dealer who was 100% certain the coin they sent me was Gem+ but it was actually just an exceptional strike on an AU58 coin. Yes, a dealer. It's difficult to understand the subtle differences that mean so much value-wise. Another scenario was when I had the 1922 Matte Proof Low Relief Peace Dollar on eBay. I got numerous calls about people having the "same coin" but they were actually business strike 1922 and I had to try to explain to someone who had NEVER seen a matte proof coin the differences betweeen proof and business strikes. When you tell someone that the detail is sharper than a business strike, they have nothing but their own coin to compare it to so the next one they pull out of the box may have a better strike and they call me back telling me they found a proof. Seeing proof coins in-hand will give a much better learning experience than anything you read in a book.

    Patience: Wait for the right coins. They are out there. However, limit your patience to the easier dates. Sometimes you will never get another chance to aquire a truly rare coin for your collection. In a hot market, these coins come out and you should be ready when the time comes.

    Common Sense: No, that mystery lot of coins on eBay IS NOT a good deal! If it looks too good to be true, it probably is.
    Brandon Kelley - ANA - 972.746.9193 - http://www.bestofyesterdaycollectibles.com
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    LeianaLeiana Posts: 4,349 ✭
    If a coin makes you smile, it's worth every penny. image

    -Amanda
    image

    I'm a YN working on a type set!

    My Buffalo Nickel Website Home of the Quirky Buffaloes Collection!

    Proud member of the CUFYNA
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    JulianJulian Posts: 3,370 ✭✭✭
    There has been a great deal of wisdom shared.

    My addition:

    Don't buy what you don't understand. Only buy it if you like it.

    More than 10 words. Sue me, Andy!!

    Continue to enjoy your collections, all!!
    PNG member, numismatic dealer since 1965. Operates a retail store, also has exhibited at over 1000 shows.
    I firmly believe in numismatics as the world's greatest hobby, but recognize that this is a luxury and without collectors, we can all spend/melt our collections/inventories.

    eBaystore
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    CladiatorCladiator Posts: 18,345 ✭✭✭✭✭
    If you like it, buy it.
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    ClankeyeClankeye Posts: 3,928 ✭
    Pay for your ticket and don't complain.
    Brevity is the soul of wit. --William Shakespeare
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    mgoodm3mgoodm3 Posts: 17,497 ✭✭✭
    High-angle lighting, shine your slab regularly.
    coinimaging.com/my photography articles Check out the new macro lens testing section
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    DennisHDennisH Posts: 14,040 ✭✭✭✭✭
    When in doubt, don't.
    When in doubt, don't.
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    StuartStuart Posts: 9,831 ✭✭✭✭✭
    As Dave Bowers advises: Buy the Book before the Coin

    Stuart

    Collect 18th & 19th Century US Type Coins, Silver Dollars, $20 Gold Double Eagles and World Crowns & Talers with High Eye Appeal

    "Luck is what happens when Preparation meets Opportunity"
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    tradedollarnuttradedollarnut Posts: 20,609 ✭✭✭✭✭
    Buy only what you understand.
    Early Dollar Set
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    hootchiegirlhootchiegirl Posts: 222
    if no coins eat pie its yummmmeeeee
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    VeepVeep Posts: 1,508 ✭✭✭✭
    My sig line says it: " You can buy junk anytime."
    "Let me tell ya Bud, you can buy junk anytime!"
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    vaq45vaq45 Posts: 212
    " Every piece of ass you turn down you'll be one behind and never catch up"
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    LakesammmanLakesammman Posts: 17,669 ✭✭✭✭✭
    Don't associate with anyone that treats you poorly here.
    "My friends who see my collection sometimes ask what something costs. I tell them and they are in awe at my stupidity." (Baccaruda, 12/03).I find it hard to believe that he (Trump) rushed to some hotel to meet girls of loose morals, although ours are undoubtedly the best in the world. (Putin 1/17) Gone but not forgotten. IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Broadstruck, Ricko, Big Moose, Cardinal.
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    saintgurusaintguru Posts: 7,728 ✭✭✭
    you look pretty yummy yourself.

    Ergo you must just be a guy with a sexy avatar. image
    image
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    tradedollarnuttradedollarnut Posts: 20,609 ✭✭✭✭✭


    << <i>you look pretty yummy yourself.

    Ergo you must just be a guy with a sexy avatar. image >>



    That's never stopped you before! image
    Early Dollar Set
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    TheKidCollector1991TheKidCollector1991 Posts: 722 ✭
    If Pie don't work try a cookie.

    image

    TKC

    Or....

    Your dealer can't speak english well?, neither can his coins

    Basically means, try to get the RIGHT Info and not the wrong one.

    Since I live in Kuwait, Most of the dealers speak Their native Arab language and can't tell me much about the coin.

    TKC!
    Want List
    Proud member of the CUFYNA
    Need a Banner Made? PM ME!
    image
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    BlindedByEgoBlindedByEgo Posts: 10,754 ✭✭✭✭✭
    Always remember, pillage BEFORE you burn.

    Check out my current listings: https://ebay.com/sch/khunt/m.html?_ipg=200&_sop=12&_rdc=1

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