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I'm gonna sound like a anti-Modern grouch....but BFD!!

saintgurusaintguru Posts: 7,728 ✭✭✭
in U.S. Coin Forum
Like anyone cares?

All these threads about buying all these coins from the mint. These aren't REALLY coin collecting. They are subscriptions.

Now I know that John Clapp did the same thing, but he was like one of 3 or 4 who did it. This is like buying beanie babies or Epileptic Elmo's.




Thank you for your time.

I am now ready.

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Comments

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    laserartlaserart Posts: 2,255 ✭
    Go back to bed, grouch.
    "If I had a nickel for every nickel I ever had, I'd have all my nickels back".
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    CladiatorCladiator Posts: 18,345 ✭✭✭✭✭


    << <i>These aren't REALLY coin collecting. >>

    They are coins by definition. Folks are collecting them, by definition. So I'd say yes, it's coin collecting.
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    ziggy29ziggy29 Posts: 18,669 ✭✭✭


    << <i>Folks are collecting them, by definition. >>

    Is it? Some of them are, no doubt, but is "collecting" merely the act of buying something and putting it aside? Not opening the box, not enjoying them, buying for pure profit potential? Is that really "collecting" in the pure sense?

    I'm not talking about the people who buy sets for themselves, open the boxes and enjoy the coins inside for years to come. They ARE collectors in every sense of the word.
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    saintgurusaintguru Posts: 7,728 ✭✭✭


    << <i>

    << <i>These aren't REALLY coin collecting. >>

    They are coins by definition. Folks are collecting them, by definition. So I'd say yes, it's coin collecting. >>



    GFY. With a name like Clad-eyator, what else would you say?

    Modern mint stuff. image

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    image
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    FairlanemanFairlaneman Posts: 10,428 ✭✭✭✭✭
    What is BFD ?
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    saintgurusaintguru Posts: 7,728 ✭✭✭
    Big Fuddernutting Deal.
    image
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    CladiatorCladiator Posts: 18,345 ✭✭✭✭✭
    Main Entry: coin
    Pronunciation: 'koin
    Function: noun
    Etymology: Middle English, from Anglo-French coing wedge, corner, from Latin cuneus wedge
    1 archaic a : CORNER, CORNERSTONE, QUOIN b : WEDGE
    2 a : a usually flat piece of metal issued by governmental authority as money b : metal money c : something resembling a coin especially in shape
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    CladiatorCladiator Posts: 18,345 ✭✭✭✭✭
    Main Entry: col·lect
    Pronunciation: k&-'lekt
    Function: verb
    Etymology: Latin collectus, past participle of colligere to collect, from com- + legere to gather -- more at LEGEND
    transitive verb
    1 a : to bring together into one body or place b : to gather or exact from a number of persons or sources <collect taxes> c : to gather an accumulation of (objects) especially as a hobby <collects stamps>
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    saintgurusaintguru Posts: 7,728 ✭✭✭
    image
    image
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    CladiatorCladiator Posts: 18,345 ✭✭✭✭✭
    Look, I don't collect them or find any numismatic interest in them but Geesus Kreyest people. If folks want to collect them and it makes them happy then what the phuque business of yours is it? Live and let live already.
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    cladkingcladking Posts: 30,026 ✭✭✭✭✭
    A coin isn't really collectible until it goes out of production but sometimes
    it's wise to make the purchase beforehand.

    Sometimes it can be very difficult or expensive to obtain coins very soon
    after they are no longer being made.
    tempus fugit extra philosophiam.
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    ConnecticoinConnecticoin Posts: 13,275 ✭✭✭✭✭
    With the mint stuff, it does seem to be more about short-term speculation that any real collecting.

    It will be interesting to see who is left holding the bag after the attempted cornering of the 2006 Plat bullion coin "market" by this forum unravels.
    *For Sale on Ebay*
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    NewbNewb Posts: 1,401
    Been a lot of sh*t stirring threads lately...pretty sad. Rodney King would not be pleased.

    I guess it's okay to sell old coins for profit but not new coins.

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    originalisbestoriginalisbest Posts: 5,971 ✭✭✭✭
    Super-high degrees of rampant speculation, little to no interest in the coins themselves. What do I care? I'm collecting other stuff at the moment.
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    LionelLionel Posts: 536 ✭


    << <i>Like anyone cares?

    All these threads about buying all these coins from the mint. These aren't REALLY coin collecting. They are subscriptions. >>




    Well, you can't subscribe to the coins I bought from the Mint. They've been "collected" into one place, and I'll be thoroughly enjoying them for years to come when I think of how they might actually help put one or both of my kids through college.








    Anyone can make a difference, but most people probably shouldn't. -- Marge Simpson
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    saintgurusaintguru Posts: 7,728 ✭✭✭


    << <i>Been a lot of sh*t stirring threads lately...pretty sad. Rodney King would not be pleased.

    I guess it's okay to sell old coins for profit but not new coins. >>



    You do want to win my contest, don't you? image

    TSK! TSK!

    image
    image
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    CladiatorCladiator Posts: 18,345 ✭✭✭✭✭


    << <i>What do I care? I'm collecting other stuff at the moment. >>

    Exactly my point. Why do Jay and Laura and the others care about this for? Why are they so feverish about it? Do they feel threatened...I doubt it. Unsolicited advice is simply a self ego stroking method.
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    saintgurusaintguru Posts: 7,728 ✭✭✭
    image
    image
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    FairlanemanFairlaneman Posts: 10,428 ✭✭✭✭✭


    << <i>I guess it's okay to sell old coins for profit but not new coins. >>



    Help me out.

    Coins circulate, correct ? Will this newer stuff be in circulation ? Not knocking anyone but I think there is a world of difference between the terminology when "Old Coins" and "New Coins" is used within a statement.

    Ken
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    CladiatorCladiator Posts: 18,345 ✭✭✭✭✭


    << <i>Coins circulate, correct ? >>

    Who says they have to circulate? The definition from Webster doesn't state that they must circulate before they can qualify as a "coin".
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    richardshipprichardshipp Posts: 5,647 ✭✭✭


    << <i>image >>



    Eagle #1: Wonder why he's talking trash when his babies are on the bidding block?
    Eagle #2: ????
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    NewbNewb Posts: 1,401


    << <i>

    << <i>Been a lot of sh*t stirring threads lately...pretty sad. Rodney King would not be pleased.

    I guess it's okay to sell old coins for profit but not new coins. >>



    You do want to win my contest, don't you? image

    TSK! TSK! >>



    image
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    CladiatorCladiator Posts: 18,345 ✭✭✭✭✭


    << <i>It was the "Jay and Laura" thing that broke me. >>

    It made me laugh when I wrote it image
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    RYKRYK Posts: 35,802 ✭✭✭✭✭
    Buying coins from the Mint, keeping them in a sealed box, and selling them one week later for a 90% profit is not coin collecting. Now, I gotta go to the post office to mail this sealed package of 5 ASE sets. See you guys later.
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
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    PhillyJoePhillyJoe Posts: 2,728 ✭✭✭✭
    I know people who collect gold bullion dated 1907 to 1932. All I have to say to them is HNY.image

    Joeimage
    The Philadelphia Mint: making coins since 1792. We make money by making money. Now in our 225th year thanks to no competition. image
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    OneCentOneCent Posts: 3,561 ✭
    Collecting?

    It's purely about making money. Not that there is anything wrong with making money, but its not collecting.

    image
    imageimage
    Collector of Early 20th Century U.S. Coinage.
    ANA Member R-3147111
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    NewbNewb Posts: 1,401


    << <i>

    << <i>I guess it's okay to sell old coins for profit but not new coins. >>



    Help me out.

    Coins circulate, correct ? Will this newer stuff be in circulation ? Not knocking anyone but I think there is a world of difference between the terminology when "Old Coins" and "New Coins" is used within a statement.

    Ken >>



    Well then you define a stamped piece of metal issued by the Mint which is legal tender. It's a freaking coin. I don't see too many Saints circulating nowadays, are they no longer coins?
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    notlogicalnotlogical Posts: 2,235 ✭
    Patterns never circulated either did they? People bought them irectly from the Mint to collect them didn't they?

    Are people who collect them coin collectors? image
    What Mr. Spock would say about numismatics...
    image... "Fascinating, but not logical"

    "Live long and prosper"

    My "How I Started" columns
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    IrishMikeIrishMike Posts: 7,737 ✭✭✭
    Sometimes I wonder if what you so called collectors are doing is any different then the Home Shopping Network. They buy up large quantities of stuff and turn around and hype it to the public. If you truly want to own a set of this or that then fine, but at least if you are speculating admit it and quit hiding behind "I am a coin collector BS".

    Ah, I feel better for getting that off my chest. image
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    ZoinsZoins Posts: 34,486 ✭✭✭✭✭
    What is curious to me is why the "modern bashers" spend so much time complaining about moderns when they can be making posts about premoderns.

    Whether an ultra-modern will retain its value over the course of time is a valid question, however many posts I see on this don't back up assertions with data or examples ... or anything new. Without that, it's just the same old tired speculation. What's interesting about that?

    As for the intent of the acquisitions, there are people who simply hand over $100K and more to rare coin advisors that pick up PCGS and NGC classic US gold for them without the collector ever being involved in the individual choices. I've been wondering how much of an impact this has on the classic gold market.
    Private Mint News | 2010 Lincoln Reverse Finalists
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    ziggy29ziggy29 Posts: 18,669 ✭✭✭


    << <i>Coins circulate, correct ? >>

    Coins which are struck for circulation circulate. Anything is a "coin" if it is legal tender within the jurisdiction it was minted for.

    That they are non-circulating makes them just like older commems and classic proofs, which were also NCLT and are considered a big part of mainstream coin collecting.
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    saintgurusaintguru Posts: 7,728 ✭✭✭
    Relax SPOCK.....

    image
    image
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    NewbNewb Posts: 1,401
    Dam, I had forgotten about that picture. OMG.
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    CladiatorCladiator Posts: 18,345 ✭✭✭✭✭


    << <i>What is curious to me is why the "modern bashers" spend so much time complaining about moderns when they can be making posts about premoderns. >>

    Excellent point.
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    BurksBurks Posts: 1,103 ✭
    OMG MY STATUS WENT TO RESERVER!

    OMFG COINS SHIP3D

    HOLY!!!!!!!! MINT!!!!!!! CHARGED!!!!!!! MY!!!!!!! CARD!!!!!!!!

    Anyone else seeing a pattern?

    Edit: And yes I collect modern crap. I just don't make a new topic every time my order moves 5' like some people.
    WTB: Eric Plunk cards, jersey (signed or unsigned), and autographs. Basically anything related to him

    Positive BST: WhiteThunder (x2), Ajaan, onefasttalon, mirabela, Wizard1, cucamongacoin, mccardguy1


    Negative BST: NONE!
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    lloydmincylloydmincy Posts: 1,861 ✭
    Generic Saints or Moderns. No difference. Everyone in this "modern 90% profit-in-a-day" is simply a collector-turn-dealer for a short time span. BRING IT!!!!
    The Accumulator - Dark Lloyd of the Sith

    image
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    FairlanemanFairlaneman Posts: 10,428 ✭✭✭✭✭
    Excuse me for asking a question.

    Since the question cannot be answered I will just come out and say the newer stuff is bullion and that is it. If you want to collect it for a few days thats fine. You are a coin collector.

    I fell better now also.

    Half hearted.....image

    Ken
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    billboatbillboat Posts: 2,260
    I joined the fray although I'm a classic collector with a few modern Uncirc dollars that I find attractive-- Lief Ericson, Dolly Madison, West Point, Marine Corps and Granite Lady. I'm hoping to flip my 2006W AGE sets and use the proceeds for buying more real coins--specifically a nice 1815/2 CBH.

    Edit: PS and OT but I see my User rating has gone down some more--dropped from 4.94 to 4.22--guess too many people find me irritating.image
    Curmudgeon in waiting!
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    mrmommrmom Posts: 348 ✭
    to me true coin collecting is when you pick a coin from your pocket change . all the others are investing whether you buy old or new coins from ebay, heritage, coin show, or us mint. Why, because most of us hope that the coins we bought will go up in value.
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    CoinHuskerCoinHusker Posts: 5,034 ✭✭✭
    Come on guys. Do you really think this was appropriate to post in response to a YN?

    << <i>Relax SPOCK.....

    image >>






    image
    Collecting coins, medals and currency featuring "The Sower"
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    billboatbillboat Posts: 2,260
    image

    I'm with CoinHusker--how many would want this kind of reply for our YN? I'd suggest an OP edit.
    Curmudgeon in waiting!
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    FullStrikeFullStrike Posts: 4,353 ✭✭✭
    imageimageimageimageimageimageimageimage



    Slam those AGE's and ASE's all you want, I don't like them anyway.

    but leave the APE's alone - they might get crazy on you. image
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    dpooledpoole Posts: 5,940 ✭✭✭✭✭
    Saintgoogoo knows that the Plats are going to kick his StG boing-yoings smoeday. He's just mad he missed the boat. image

    Here's a warning parable for coin collectors...



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    saintgurusaintguru Posts: 7,728 ✭✭✭


    << <i>image

    I'm with CoinHusker--how many would want this kind of reply for our YN? I'd suggest an OP edit. >>




    image


    image
    image
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    BigEBigE Posts: 6,949 ✭✭✭
    I bet those people at the garbage dump are making big money-----------BigE
    I'm glad I am a Tree
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    FatManFatMan Posts: 8,977 ✭
    Post in question edited.
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    FatManFatMan Posts: 8,977 ✭
    Post in question edited.
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    saintgurusaintguru Posts: 7,728 ✭✭✭
    You edit it.

    And edit the one that Cornhusker REPOSTED too.
    image
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    MyqqyMyqqy Posts: 9,777 ✭
    I happen to think this stuff is cool. I collect some of it. It's not about the fact that they are ultra moderns. It's not about the fact that they are bullion coins. It's not about disapproving of what others choose to collect. It's simply wondering if the huge premiums will stand the test of time, and questioning whether or not it's really "collecting" if the goal is to quickly flip for a few bucks, or to hold on, keep several sets sealed with the primary motive being future profit. Or, for that matter, wondering if it's good for the hobby for long-time collectors and purchasers of Mint products to be shut out of an offering because they weren't first in line to hoard them all. Note that there's nothing about enjoying the COINS. That's what puzzles me about all this.

    I agree with this- I see nothing wrong with a little critical analysis of segments of the hobby. I don't wet myself with anger when someone critiques morgans or proof franklins.... image
    My style is impetuous, my defense is impregnable !
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    ss350camaross350camaro Posts: 4,529 ✭
    image

    Is there a contest going somewhere here for the lamest post of 2006 that i missed ?

    Sure seems like a strong entry.


    image

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