I have read what people are calling dreck coins.....I would like to see an image of what you think m

coinsarefun

Below are a few random coins, not particularity high grade but nonetheless eye appealing to me
Do these fall in that category?

Show me an example of what is dreck to you

Please enlighten me

MrSpud

Stuff like this that doesn't have a place in my collection. Not really a coin though.

Stew

I would like to see some explanations myself. Very good question.
In the context that I understand it to date, Dealers discussing coins that are of common date
and average grade that they can not make much money on.
This is the only time I have heard the term "Dreck" in a spoken conversation.
On the message boards I have seen it used to describe a number of different
type and grade coins

Stew

coinsarefun

<< <i>I would like to see some explanations myself. Very good question.
In the context that I understand it to date, Dealers discussing coins that are of common date
and average grade that they can not make much money on.
This is the only time I have heard the term "Dreck" in a spoken conversation.
On the message boards I have seen it used to describe a number of different
type and grade coins

Stew >>






Thanks for a good start to a serious question.
Am I to understand that dreck is really coins that dealers cannot make a huge profit?
What about an average collector......is he to think all his common date, middle grade coins that he
has enjoyed all these years dreck???

ocon4008

No one liked this one but me.

MrSpud

I really think a big part of it is just a negative marketing campaign to get people to dump their coins to dealers cheap and then to buy only high priced coins that are popular at the time. Kind of like the carefully planned promotions that you hear about.

ocon4008

no one liked this either, but it now resides in a PCGS VF 30. I am happy; call it all the names you want.

FilthyBroke

<< <i>What about an average collector......is he to think all his common date, middle grade coins that he
has enjoyed all these years dreck??? >>




Some people want you to think that. Some just feel the need to boost their own egos by denigrating less expensive collections. I sense some insecurity here, in the need for stickers, PQ designations, and whatever other reinforcement they can find. The collector should be able to determine on his/her own what is nice enough for their collection, and what fits their style of collecting. At some point they will have to be on their own, making their own decisions. What then?

Let those who comment negatively about another's coins take a look at why they feel the need to do that. That's all.

Bear

The "D" coins are like pornography, I will know it when I see it.

yellowkid

Stef I think that the term is quite subjective. One persons "d" can be perfectly acceptable to another. The usage that we here are most familiar with is, to me, elitist.

TwoSides2aCoin

If anyone has a whitman folder full of these, they collect dreck.

This net grades around AU 58 , no ?

Walkerguy21D

<< <i><< What about an average collector......is he to think all his common date, middle grade coins that he
has enjoyed all these years dreck??? >>

Some people want you to think that. Some just feel the need to boost their own egos by denigrating less expensive collections. I sense some insecurity here, in the need for stickers, PQ designations, and whatever other reinforcement they can find. The collector should be able to determine on his/her own what is nice enough for their collection, and what fits their style of collecting. At some point they will have to be on their own, making their own decisions. What then?

Let those who comment negatively about another's coins take a look at why they feel the need to do that. That's all. >>


Thank you Stefanie and FilthyBroke - This has helped to re- ground me a bit! I had really been letting all this elitist vs- dreck/'we warned you' talk get to me the past few days. I do not own any coins with stickers on them - the great majority of my certified coins were purchased pre-CAC. I also own hundreds of raw coins, many which might certify and might sticker if I submitted them, but do they really need it - other than to avoid the dreck category?

SurfinxHI

I got poofed on the same topic last weekend...same question, same point. Glad to see this is hanging in there...

Greg

LindeDad

Well since all of my coins sell for less than five figures any of them will work.

Stew

<< <i>

<< <i>I would like to see some explanations myself. Very good question.
In the context that I understand it to date, Dealers discussing coins that are of common date
and average grade that they can not make much money on.
This is the only time I have heard the term "Dreck" in a spoken conversation.
On the message boards I have seen it used to describe a number of different
type and grade coins

Stew >>






Thanks for a good start to a serious question.
Am I to understand that dreck is really coins that dealers cannot make a huge profit?
What about an average collector......is he to think all his common date, middle grade coins that he
has enjoyed all these years dreck??? >>



That is right along the lines that I understand (In NO way my opinion)
Just what I have heard in discussions among dealers at a number of shows
I am an average collector of all types of coins and specialize in one series.
Meaning I study that series much much more than another not that I am
am not an expert yet. And among a large number of collectors and especially dealers
the entire series I specialize in is "Dreck" (Eisenhower Dollars)
I am beginning to see them more and more in the last year taking up table space at shows
which I have never seen before. Table space is for coins that will sell and make money.
Might not be considered "Dreck" in the next few years.

"What is "Dreck" today is the next hot thing tomorrow"

Stew

smokincoin

To me... this is "retired" or something similiar. May be "dreck" to some, but I just don't like the word "dreck".

shorecoll

Most of the dreck people are talking about is doctored or way overgraded coins that made it into slabs or coins that dealers sell as problem free and aren't. "Widgets" are things you can go buy a hundred of at any major show if you have the money. There are lots of lower grade coins that people collect that aren't either. Some "elitists" mix all this stuff together, and some of the people criticizing them seem to be as well.

FatMan

Here's my dreck contribution. A decent common coin that is IMO a low end MS65 with no real eye appeal unless you like dipped white coins. The reason it reaches the dreck standard is not the coin, it it the holder...MS66

nutmeg

<< <i>


No one liked this one but me. >>



What I notice with this coin is you can't see the D mintmark. For the1925 to be a desirable coin you need to see the Denver mintmark.

waterzooey

The point was made in this post again!!!

DRECK IS CREATED BY THE TPG'S WHEN THEY HOLDER problem coins, overgrade coins, or are inconsistent- Do not grade based on market acceptability- Grade on consistent rules-

My faith has never waivered when it comes to TPG's until i started collecting barber coins- I just purchased an 1897-o in a VF35 holder- The coin had a wire type impression all around the coin- Anyway I returned the coin immediately. Then I purchased a 1904-s that is in an XF40 grade- The coin has digs, scratches, old cleaning- Yet the coin was holdered with a grade because it is a semi-key/key date.

I have looked at many a coin and said that is a nice 64 but it resides in a 65 holder etc etc.

TPG's are the primary cause of TPG's. I have said it and said it- the TPG's need to buy up these overgradedm wrongly graded coins and holder them correctly- Give the money back... etc etc

Shortgapbob

<< <i>The point was made in this post again!!!

DRECK IS CREATED BY THE TPG'S WHEN THEY HOLDER problem coins, overgrade coins, or are inconsistent- Do not grade based on market acceptability- Grade on consistent rules-

My faith has never waivered when it comes to TPG's until i started collecting barber coins- I just purchased an 1897-o in a VF35 holder- The coin had a wire type impression all around the coin- Anyway I returned the coin immediately. Then I purchased a 1904-s that is in an XF40 grade- The coin has digs, scratches, old cleaning- Yet the coin was holdered with a grade because it is a semi-key/key date.

I have looked at many a coin and said that is a nice 64 but it resides in a 65 holder etc etc.

TPG's are the primary cause of TPG's. I have said it and said it- the TPG's need to buy up these overgradedm wrongly graded coins and holder them correctly- Give the money back... etc etc >>





I agree with this. A coin can be a nice coin in a MS-64 holder, but look overgraded in an MS-65 holder. Collectors collect on all levels. In my opinion, a cleaned gold coin isn't necessarily dreck. It may not be a nice coin, but isn't dreck in itself. When it becomes dreck is when that same cleaned gold coin is graded/overgraded by a TPG.

The example of the Roanoke commem is a very good one.

ocon4008

<<What I notice with this coin is you can't see the D mintmark. For the1925 to be a desirable coin you need to see the Denver mintmark. >>

It wore off; it is ex jewelry. I don't care either. I said in another thread: it will melt when the price is more and be dreck nevermore. Quoth the Raven

goodmoney4badmoney

All my stuff is totally awesome and not dreck-like so I have nothing to post. Just kidding of course.
I am very surprised that one companies "market report" (or whatever you want to call it) can be this influential. I guess they market very well.

notwilight

I posted in another thread that I don't have any dreck. Then I got to thinking about it and I have some low value coins that aren't the nicest for the grade. Is this dreck?




Is this dreck?




It is in an old PCI holder (pre97 which is when I bought it). does the grade assigned matter?

--Jerry

abitofthisabitofthat

One good way to think about coins that are referred to as dreck in the trade is a coin that you could very easily find a much better example of with a little effort or knowledge. BTW, dreck gets a lot of press here because of the way that Laura Spreber uses it, but it is by no means limited to Laura or her usage of it.

A common date Morgan dollar that is nice and original, that could be found in any grade at any show, is not necessarily dreck. A lot of people seem to misunderstand the term in this sense - that all inexpensive coins are dreck. A collector that is building an inexpensive set of Morgans can build an attractive, well matched set in VF (say under $20 for a lot of coins). This is not dreck. This is a thoughtful set that a collector should be proud of. If the same collector bought the same coins and they were all whizzed, cleaned, AT'd, rim dinged, and ugly, this would be a collection of dreck. It is not at all about price, it is about quality and eye appeal at any price point.

As a dealer - dreck, to me, is a coin that cannot be sold to a knowledgable collector. These are coins that I try not to own. Most knowledgable collectors will not want inferior quality coins (for their grade) in their collection. This is not in any way elitist. Far from it. Dealers that handle drecky coins, and sell them to Newbies and too-high prices, are a real problem in this hobby. Both a Laura's level of the market, but also at the lower end of the market - where I set up at local one-day shows. There are some dealers at the shows I set up at that sell nothing but dreck to new collectors who have not developed an eye and shop only on price. These dealers, IMHO, hurt this hobby because the collectors will, if they stick around long enough, realize they were ripped off, and may think the entire hobby is a scam.

Dreck is just a word to describe certain coins, like 'scudzy' is a perfectly understood word to copper collectors and dealers. It should not carry any sort of 'elitist' connotation, and I believe for most people it does not. Laura's very well publicized usage may give a different opinion to some people, but it is not 'her' word.

I hope that this helps clarify some of the usage


edit - spelling

joebb21

>>>There are some dealers at the shows I set up at that sell nothing but dreck to new collectors who have not developed an eye and shop only on price. These dealers, IMHO, hurt this hobby because the collectors will, if they stick around long enough, realize they were ripped off, and may think the entire hobby is a scam<<<<

I dont think such people will leave if they were in it for the hobby. A hobbyist will eventually learn how to grade and start buying the nicer pieces.

I believe in this weeks heritage auction there are a bunch of $50 round, and octagonals which were "bought by some texas investor" or something like that.
If I recall reading correctly, almost all of them were cleaned, or somehow enhanced.

THAT is where an investor gets hurt.

Im not saying collectors cant and dont get hurt, but I am saying that we all started out at the bottom of the rung before we started moving up..

Barndog

abitofthisabitofthat

<< <i> >>



This is a prefect example. I am sure that if you tried you could find a similar coin that mice had not nibbled on.

Barndog

<< <i>This is a prefect example. I am sure that if you tried you could find a similar coin that mice had not nibbled on. >>



a notable dealer declined the opportunity to bid on the coin for me as my agent because the coin was "not the kind of coin they recommend"

BAJJERFAN

<< <i>The point was made in this post again!!!

DRECK IS CREATED BY THE TPG'S WHEN THEY HOLDER problem coins, overgrade coins, or are inconsistent- Do not grade based on market acceptability- Grade on consistent rules-

My faith has never waivered when it comes to TPG's until i started collecting barber coins- I just purchased an 1897-o in a VF35 holder- The coin had a wire type impression all around the coin- Anyway I returned the coin immediately. Then I purchased a 1904-s that is in an XF40 grade- The coin has digs, scratches, old cleaning- Yet the coin was holdered with a grade because it is a semi-key/key date.

I have looked at many a coin and said that is a nice 64 but it resides in a 65 holder etc etc.

TPG's are the primary cause of TPG's. I have said it and said it- the TPG's need to buy up these overgradedm wrongly graded coins and holder them correctly- Give the money back... etc etc >>



I'd prefer to see a written explanation of why it was given the 65 over the 64.