What response answers every "why" question in the coin world?

MrBreeze

I have recently wondered if there is a simple answer to every "why" question that we encounter on these boards. Is there an all-encompassing response that will sum up all discussion and debate? Can every question be rooted in one single answer? Are there a few answers that one could pick from in order to cover every question?

I would love to make a list that I could refer to in the future.

I have two

Answer #1 - Supply and demand
Answer #2 - To make money

Why did this happen on eBay? Answer #2
Why does this coin cost twice as much as this coin? Answer #1
Why blah, blah, blah.........? Answer #?

RedTiger

Q: What coins are a good investment?
If a person is asking the answer is usually none. Making money in coins requires grading skill, and good contacts to buy the coins at a good price. Lacking these two, the would be investor is likely to lose money.

Q: Is this raw coin from Ebay a good buy?
90% of the time, if a person is asking, the answer is no. A lot of problems coins get sold this way to unsuspecting newbies.
But, what if the seller has good feedback and describes the coin as a no problem coin?
90% of the time, the answer is still no. Some sellers on Ebay describe would describe a whizzed counterfeit as no problem, if they thought they could sell it and make money.

Q: I am new to the hobby, what should I collect?
Collect what you like, not what someone else likes. If you don't know, buy a couple of books, a few inexpensive coins and some stuff will start to appeal to most folks more than others.

Q: I had this bad transaction with this dealer (or collector). Here is my story. What do you think?
I think you should have resolved this issue in private. The last ten or so folks that did this, made themselves look very bad when the other side of the story got aired. In some of these stories, the buyer of the item, bought something they knew little about for a lot of money. That is just plain foolish when there are so many in the hobby willing to do just about anything to make money. Be careful out there.

Q: How do I become a better collector?
Learn how to grade. Learn the real market prices that the coins you are interested in trade at (wholesale and retail). Make contacts with dealers and collectors to be able to get better prices when buying or selling.

OPA

YOU HIT THE NAIL ON THE HEAD....

ricko

Red Tiger said it all... excellent post. Cheers, RickO

mgoodm3

my response: "because I said so"

TwoSides2aCoin

#3) The Policy States :
#4) This is not WalMart, thank you !
#5) __________________________________

ziggy29

This is an auction, not an approval service.

foundinrolls

1.) Nyahhh, It's hard to tell from that picture.

2.) Could be, But probably isn't.

3.) Probably is but no way to be sure.

4.) Not to the best of my recollection.

5.) I refuse to answer.......

skier07

There is no such thing as a yes or no answer to a subjective question. There is always a yes or no, but, .....

This applies to numismatics and life in general. Even a simple question like a weather forecast has no definitive answer.

Bruce

Coxe

Either

"Because"

or

"Why not?"

or the favorite closure ..... "ModernCrap(TM)"

InYHWHWeTrust

The 'answer' that's like fingernails on a chalkboard to me and thrown around in various situations, but usually intended to be a thread/conversation stopper is the mantra: "After all..............grading........is.........subjective."

It doesn't answer every 'why' question though. Sorry, Greg, for the mini-rant; but I guess no good answer list is complete without "it."

Don

Whitby

<< <i>Q: What coins are a good investment?
If a person is asking the answer is usually none. Making money in coins requires grading skill, and good contacts to buy the coins at a good price. Lacking these two, the would be investor is likely to lose money.

Q: Is this raw coin from Ebay a good buy?
90% of the time, if a person is asking, the answer is no. A lot of problems coins get sold this way to unsuspecting newbies.
But, what if the seller has good feedback and describes the coin as a no problem coin?
90% of the time, the answer is still no. Some sellers on Ebay describe would describe a whizzed counterfeit as no problem, if they thought they could sell it and make money.

Q: I am new to the hobby, what should I collect?
Collect what you like, not what someone else likes. If you don't know, buy a couple of books, a few inexpensive coins and some stuff will start to appeal to most folks more than others.

Q: I had this bad transaction with this dealer (or collector). Here is my story. What do you think?
I think you should have resolved this issue in private. The last ten or so folks that did this, made themselves look very bad when the other side of the story got aired. In some of these stories, the buyer of the item, bought something they knew little about for a lot of money. That is just plain foolish when there are so many in the hobby willing to do just about anything to make money. Be careful out there.

Q: How do I become a better collector?
Learn how to grade. Learn the real market prices that the coins you are interested in trade at (wholesale and retail). Make contacts with dealers and collectors to be able to get better prices when buying or selling. >>



Excellent post

numobri

"Because" works for me.

RedTiger's rant was good,I thought.


Brian

crispy

Three.

The answer is always three.

Coxe

What do you mean? An African or European swallow?

tahoe98

<< <i>There is no such thing as a yes or no answer to a subjective question. There is always a yes or no, but, .....

This applies to numismatics and life in general. Even a simple question like a weather forecast has no definitive answer.

Bruce >>