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What aspect, if any, of the coin collecting hobby...

RWBRWB Posts: 8,082 ✭
in U.S. Coin Forum
...do you wish would "go away?"

Comments

  • questor54questor54 Posts: 1,351 ✭
    Registries. While they have saved the market for many coins, I believe they have distorted pricing.

    They will never go away. They go back, in spirit, to two collectors comparing their coins. Long before Sheldon "Large Cent Whist" even.
  • 291fifth291fifth Posts: 24,698 ✭✭✭✭✭
    NCLT
    All glory is fleeting.
  • CoinosaurusCoinosaurus Posts: 9,645 ✭✭✭✭✭
    The ridiculous parking rates at all the convention centers.
    Newman Numismatic Portal, www.NewmanPortal.org
  • CaptMorganCaptMorgan Posts: 145
    The prices...
  • bidaskbidask Posts: 14,028 ✭✭✭✭✭
    altered surface coins in TPG slabs
    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • llafoellafoe Posts: 7,220 ✭✭
    The overabundance of mint products. It'd be nice to have a cent, nickel, dime, quarter, half and dollar for each of the three mints... and NOTHING more!
    WANTED: Cincinnati Reds TEAM Cards
  • dogwooddogwood Posts: 1,935 ✭✭✭✭
    I don't swim in this pool, but the idea that a tiny mark seen only under a loupe can mean a difference of five figures in price.
    We're all born MS70. I'm about a Fine 15 right now.
  • PerryHallPerryHall Posts: 46,857 ✭✭✭✭✭
    The greed, big egos, and dishonesty of some dealers.

    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

  • MidLifeCrisisMidLifeCrisis Posts: 10,550 ✭✭✭✭✭


    << <i>The overabundance of mint products. It'd be nice to have a cent, nickel, dime, quarter, half and dollar for each of the three mints... and NOTHING more! >>


    image
  • llafoellafoe Posts: 7,220 ✭✭


    << <i>The greed, big egos, and dishonesty of some dealers. >>



    Well at least you chose three things that were mutually exclusive! imageimage
    WANTED: Cincinnati Reds TEAM Cards
  • lunytune2lunytune2 Posts: 1,077 ✭✭✭
    All the coins that are minted but not circulated ....I like to keep my Dansco albums updated , not my main focus, but you can't even collect moderns out of circulation anymore !
  • AmigoAmigo Posts: 966 ✭

    The rip off National Dealers that use Magazines and Cable Networks to market their Junk. I have been buying from the public for the last 7 yrs. I come across it over and over.

    Case in point. Yesterday I purchased a hoard that was acquired over about a 15 yr time period from an elderly gentleman. Multiple sets of state qtrs, framed type sets, vairous sets in great presentation boxes. 24 kt plated coins and stamps etc etc.

    All of it packaged and illistrated as if it was worth a fortune. I purchased everything from him, but very little was worth more than face. I paid him face of $1200, of which he had paid over $12000. Those companies prey on the elderly and unknowleageable ......
  • FilthyBrokeFilthyBroke Posts: 3,518 ✭

    Deception, as in counterfeiting and doctoring.
  • BaseballAbsBaseballAbs Posts: 2,621 ✭
    Counterfeiting all the way, I wish it would go away forever!
    Winner of the "You Suck!" award March 17, 2010 by LanLord, doh, 123cents and Bear.
  • Billet7Billet7 Posts: 4,923 ✭✭✭
    I can't make up my mind, so I will second the opinions of everyone who has already posted!
  • llafoellafoe Posts: 7,220 ✭✭


    << <i>Counterfeiting all the way, I wish it would go away forever! >>



    Then what would all the plastic surgeons do for a living? image
    WANTED: Cincinnati Reds TEAM Cards
  • COALPORTERCOALPORTER Posts: 2,900 ✭✭
    Dealers and others that wont buy a coin because of the plastic it is in.
  • llafoellafoe Posts: 7,220 ✭✭


    << <i>Dealers and others that wont buy a coin because of the plastic it is in. >>



    That tends to be experience or learned behaviour... or both.
    WANTED: Cincinnati Reds TEAM Cards
  • questor54questor54 Posts: 1,351 ✭


    << <i>Dealers and others that wont buy a coin because of the plastic it is in. >>



    Unless that plastic is full of PVC, of course.
  • CEOGBOSECEOGBOSE Posts: 377
    Grading inconsistencies
    Greg Bose
    CoinSpace.com Founder
    www.coinspace.com
  • leothelyonleothelyon Posts: 8,490 ✭✭✭✭✭
    Get rid of registry points, gpa's, rankings. List collections alphabetically that have images. Show % of completion. Give option to buy a code number to list any company slab in a separate registry catagory for true coin collectors.

    This way, I'll be able to show some respect to those collectors who collect really nice coins.


    Leo image

    The more qualities observed in a coin, the more desirable that coin becomes!

    My Jefferson Nickel Collection

  • golfer72golfer72 Posts: 3,588
    Plus grading and the Star designation.
  • llafoellafoe Posts: 7,220 ✭✭


    << <i>This way, I'll be able to show some respect to those collectors who collect really nice coins. >>



    If you collected really nice coins, they'd ALL be in PCGS slabs! image
    WANTED: Cincinnati Reds TEAM Cards
  • COALPORTERCOALPORTER Posts: 2,900 ✭✭


    << <i>

    << <i>This way, I'll be able to show some respect to those collectors who collect really nice coins. >>



    If you collected really nice coins, they'd ALL be in PCGS slabs! image >>



    Does it work in reverse?

    "If you have PCGS slabs, you have a really nice coin"

    Is this always true?
  • RedTigerRedTiger Posts: 5,608 ✭
    The pettiness. A bunch of mostly upper income white males and many of them purposely choose to spend a good part of their energy on grudges. I guess some of that is to be expected with a bunch of males with above average incomes, and lower than average social skills, but the pettiness often gets way over done, and tends to spill over to almost every area of the hobby.
    Investment blog: gold, stocks and more
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    The extreme focus on nitty gritty differences on coins as if they were major variants really worthy of notice.... hairsplitting, obsessive-compulsive focus on trivia and meaningless detail. Blecchhh.... Cheers, RickO
  • MrEurekaMrEureka Posts: 24,419 ✭✭✭✭✭
    Third party grading. The business was a lot more fun when the only opinions that mattered were those of the buyer and seller.
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • llafoellafoe Posts: 7,220 ✭✭


    << <i>Third party grading. The business was a lot more fun when the only opinions that mattered were those of the buyer and seller. >>



    You mean buyer, seller and doctor. image
    WANTED: Cincinnati Reds TEAM Cards
  • FrankcoinsFrankcoins Posts: 4,571 ✭✭✭
    The recent examples of dealer groups, grading services, and the ANA to go into full war mode against the LESSER of two problems.

    2007 - Which is the bigger problem on Ebay?

    1. SEGS and PCI slabs containing genuine coins

    2. Totally counterfeit raw coins from China.

    The coin community chose #1 as their target, and millions of coins are unsellable on eBay, many sellers received 30 day
    suspensions for selling them even under the new rules (as I did, when a raghead Ebay "trust and safety" guy interpreted the rules to mean that
    even showing a PHOTO of a non-approved slab was MENTIONING it, or a VAM number was a numerical grade of a raw coin.) Ebay sent out letters
    deeming SEGS and other brands of slabs as COUNTERFEIT, ruining the reputations of many sellers,

    Some permanently suspended, (see this typical example) who bought these coins in good faith from legitimate sellers.

    You can't find more than 2 or 3 SEGS or PCI slabs on eBay, and those are quickly zapped.

    But what did they do about the totally fake counterfeits? NOTHING.

    Now today...

    Which is the bigger problem in numismatics?

    1. Genuine coins in authentic slabs which someone "improved" in ways that may or may not be acceptable

    2. Dangerously good counterfeits in dangerously good counterfeit PCGS and NGC slabs.

    Ahh, once again they chose #1
    Frank Provasek - PCGS Authorized Dealer, Life Member ANA, Member TNA. www.frankcoins.com
  • BarryBarry Posts: 10,100 ✭✭✭
    Nitpicky numerical grades. Back to simpler times...
  • DIMEMANDIMEMAN Posts: 22,403 ✭✭✭✭✭
    >>>Registries. While they have saved the market for many coins, I believe they have distorted pricing.<<<

    Boy, I couldn't disagree more! The Registry has done more for coin collecting than any other single thing since the beginning of coin collecting!

    What should go away is BULLION!!!
  • GoldenEyeNumismaticsGoldenEyeNumismatics Posts: 13,187 ✭✭✭


    << <i>The greed, big egos, and dishonesty of some dealers. >>



    The greed, big egos, and dishonesty of some collectors.
  • leothelyonleothelyon Posts: 8,490 ✭✭✭✭✭


    << <i>The extreme focus on nitty gritty differences on coins as if they were major variants really worthy of notice.... hairsplitting, obsessive-compulsive focus on trivia and meaningless detail. Blecchhh.... Cheers, RickO >>



    The following coin is not the nitty-gritty example your talking about. In fact, since it's an ultimate coin that every true Jefferson nickel
    collector would love to own, it takes a nitty-gritty individual to recognize it's superior qualities and to understand it's rarity.

    image
    image
    image
    image


    Leo

    The more qualities observed in a coin, the more desirable that coin becomes!

    My Jefferson Nickel Collection

  • themasterthemaster Posts: 676 ✭✭✭
    HSN, Littleman and Littlemanimage

    Have a Great Day!
    Louis
    "If you would know the value of money, go and try to borrow some." Benjamin Franklin
  • breakdownbreakdown Posts: 2,258 ✭✭✭✭✭
    A lot of good answers here particularly with respect to forms of fraud, whether counterfeiting or doctoring. However, an aspect of the hobby that i have found to be a big drawback is the concern over security and theft.

    "Look up, old boy, and see what you get." -William Bonney.

  • RWBRWB Posts: 8,082 ✭
    Interesting responses - somewhat different than the range of posted complaint threads.

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