<< <i>If you were objective, you'd defend MJ's right to post about any numismatically relevant topic, even if some small minority here prefer that MJ would not. >>
I have never complained about MJ or anyone else posting a link to Laura's reports or any other topic and I certainly don't think MJ needs me to defend him. I enjoy reading Laura's reports and appreciate when someone alerts me of a new report. When someone disagrees with the content of her reports, I also enjoy reading an opposing viewpoint. Certainly personal attacks aren't appropriate but not every disagreement should be considered as a personal attack.
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
Laura said that "a true rare coin has always vastly outperformed generics" and she includes bullion in the mix. I am always looking for plays after metals complete their cycle.
Does anyone have any charts tracking rarities over the last 30 years to back this claim up? What rarities would you buy for investment?
We all need to just rise above the fray. Just rise above. Live and let live. Saying what you think is cool. Posting the link is cool - I like reading the Legend reports (especially since I agree with this one). Disagreeing with posting the link is also cool.
This thread is advertising for Frank too! Just because of his postings, I realized I hadn't checked out his eBay auctions for some time, so I did, and I actually made a bid.
<< <i>When someone posts a dealer blog here, should those that disagree with that blog be able to express their disagreement here? Apparently, many here think not. >>
There is a big difference between disagreeing and bashing. What the heck does the spelling or grammer matter? Haters be grabbing for straws. Legend market report personally gives me a great a pulse of the market. Laura shoots straight. She has no secret adjendas and tells it like it is. A small player like me barely ever makes any mega coin shows. Legend's market report has helped me in the past and will continue to so in the future. >>
If I hadn't read this far, I'd never have known about adjendas.
Appreciate the links to Legend's reports, although I usually get to the Legend reports when I visit Legend on Sunday.
Pinnacle also has good market reports, as one poster mentioned. An earlier one by Kathleen on plastic was also very good.
If a thread on Legend is inappropriate due to it being considered 'advertising' for them, then are the myriad threads about eBay and PayPal ripoffs not 'advertising' for them?
This thread is advertising for Frank too! Just because of his postings, I realized I hadn't checked out his eBay auctions for some time, so I did, and I actually made a bid.
I finally took a look at Frank's ebay listings. Not for me (I'm very specific about what I like), but I now understand why he is so virulently against many of Laura's messages... I think Frank thinks that Laura's messages are targeted at the type of product that he carries. To be fair, I can see how he may think that (again, I am guessing at what Frank is thinking).
Laura doesn't like the mundane, run-of-the-mill stuff. She advocates quality. A well-worn, unmolested circ raw Morgan basic-date is an honest coin, but it's not what she (nor the overwhelming bulk of her client base) handles. In this regard, Laura and Frank are worlds apart.
Nothing wrong with handling lower-priced material. I have a buddy at work who is building a collection of lower-priced stuff. My problem with what my friend is doing is that he is only focused on price and not quality or even price per quality. I think this is the thrust of Laura's agenda - not to buy stuff that is bad value. Time and time again, Legend have advised me against buying TD's in 64 or 65 simply because for the coin and the price they were bad value. She actually called a 1877-CC TD in 64 a dreck once. And, it was a dreck. [Please no comments about what 'dreck' really means.] That dreck 77CC TD was my coin. She made me sell it (for a slight loss) and replace it with a much nicer 77CC in 63 that I still own and am proud to show off.
Some disclaimers: * I did not look carefully at Frank's listings and have no comment regarding their quality or their value. I have never done business with him and do not recommend for or against doing so. ** I very rarely read Legend's market report. If I don't read it, then I am immune to her contextual, grammatical or spelling issues... *** I am a huge fan of Legend, and I am biased because I know them very well. You may argue against Laura's messages, but I think it is wrong to get personal.
I got a very useful nugget of information from the market report. Legend provided the first public confirmation of my theory that telemarketers are what is driving the meteoric market rise for generic Morgans. That is more than I can say about any number of contributers, no matter how clean their spelling and grammar.
As others have said, only the Legend reports are targeted. CRO, Pinnacle, Doug Winter, and many others, all those reports get linked and do not attract the ire of the haters. Many other dealers contribute with lively and/or informative show reports. Given that, it looks like personal grudges, and beyond petty.
<< <i>Laura said that "a true rare coin has always vastly outperformed generics" and she includes bullion in the mix. I am always looking for plays after metals complete their cycle.
Does anyone have any charts tracking rarities over the last 30 years to back this claim up? What rarities would you buy for investment? >>
At these levels, my estimate is that silver bullion has outperformed 99.5% of numismatic coins for 20, 10, 5, and 1 year periods. I guess a person could point to that 0.5%, but probably only in hindsight, not in real time markets, and probably only by buying and selling the rare coins at sweetheart deal levels, not when paying full retail price, and selling at typical wholesale. More recently, because of a recent promotion, generic MS64 Morgans have outperformed 95% of numismatic coins for the past year. Again, a person might be able to point to the 5% that has more than doubled in hindsight, but couldn't have done it in real time a year ago, and again, paying full retail and selling at typical wholesale like average collectors do, would eliminate much of that 5% group as well.
/edit to add: standard reply about coins and investment. There are three indicators about how well a collector will do with numismatic coin investments: their grading skill, their dealer connections, and their market knowledge. Be above average in all three, and a person will likely do well. Those who are below average in all three, are likely to lose money or at best break even.
<< <i>Frank, You think Laura does not work hard? Why are you so jealous of her? If nothing, you should admire what she has done and how she does fight for the good of the hobby. And accept the fact her millionaire partner is only a minority partner who she happened to have made a lot of money for and backs her projects when asked (I know Laura does not always need his backing).
I thought the Market Report was excellent tonight. I view them like I do when i read the paper each day to see what is happening in the world around me. >>
I liked this part as I am at the CICF now and I thought it was a great show.We greatly misjudged the size of the coin market vs the rest of the world! >>
That is an excellent point. The coin market is GLOBAL, and 100+ year old high grade large silver coins are very attractive to buyers worldwide. Throw in the connection with the "wild west" historical context and you can see the appeal.
<< <i>I got a very useful nugget of information from the market report. Legend provided the first public confirmation of my theory that telemarketers are what is driving the meteoric market rise for generic Morgans. That is more than I can say about any number of contributers, no matter how clean their spelling and grammar. >>
Yep, I'd guess there are quite a few citizens who are about to take it in the shorts; they just don't know it yet.
<< <i>The posters of these Legend links have stated that they will be sure to post them weekly to annoy people who consider them inappropriate advertising. >>
If you think the threads are inappropriate advertising, you can refuse to read them. Or continue to bump them to the top by posting replies.
Just a thought... >>
I prefer to report them to the proper PCGS administrators.
I prefer to report them to the proper PCGS administrators.
... says the boy who cried wolf.
Regarding the matter of the pricing of the generic Morgans, this is the same thing (to some extent) that happened to Early Dollars a few years back. They have to exist in sufficient quantity for mass appeal. ED's are far more common than Early Half Dimes, Dimes and Quarters. Yet, they are more majestic (due to size) and more available. Especially when compared to Early Half Dimes and Dimes.
Many years ago, a very prominent ED specialist advised me to buy as many nice ED's as possible because he knows a group of dealers will soon be making a move with them. Without giving any more details, about a year later, ED pricing started to climb steeply upwards. Nice ED's climbed even more steeply. I did well. I am very grateful of the pointer. Now ED pricing have fallen to sad levels, and nice pieces can be had for a song.
Generics will also run the risk of being targeted by marketers. It's the nature of business. You can rent air time on HSN to sell a product if there isn't enough product. You can promote "rare" coins for a portfolio if there isn't enough of the coins for enough portfolios to make it worth the effort.
<I prefer to report them to the proper PCGS administrators>
Way funny. I figure you would be the one to bump this from page 3 to page one. Nice.
Tcmitter, you do realize that Don is cool with these Market Reports right? I'm not sure where he stands on constant whining about them though.
When you report into World Headquarters please make sure you get my name correct.
MJ
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i><I prefer to report them to the proper PCGS administrators>
Way funny. I figure you would be the one to bump this from page 3 to page one. Nice.
Tcmitter, you do realize that Don is cool with these Market Reports right? I'm not sure where he stands on constant whining about them though.
When you report into World Headquarters please make sure you get my name correct.
MJ >>
I think there are also ethical issues to be raised in such free posting of reports. Note well, I neither accuse or make accusations towards anyone. I want to be very clear on this.
For those who link dealer's reports, IMHO, I think every linked report, from any dealer, should contain a statement that the poster has never had a vested interest with the dealer or, in lieu of that, received any type of consideration on a deal with the dealer(s), they are linking to in a thread. If so, what kind of exact consideration, again IMHO, should be completely disclosed in the interests of full disclosure.
If a dealer has ever said, or intimated, that a poster was "given a break," even if indirectly, because of a link to a post, IMHO, I also think even something as seemingly innocuous as that should be disclosed.
It's tcmitssr, BTW, you don't help your case by trying to mock anyone's name/nym when you are trying to make your case in a fair and justifiable manner
Again, note well, I neither accuse or make accusations towards anyone. I think this is, potentially, a gray area that I would recommend Don and PCGS to consider the broader implications for all dealers and all posters who put up links to reports or a website, if they have not already.
I had no idea I was spelling your screen name incorrectly. My bad.
Feel free to spell my name incorrectly if you turn me into the authorities.
MJ
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
I met Frank at a local show close to eighteen months ago. To gage his temperature I commented his shirt reminded me of the fabric found in 1973 Ford Pinto seatbacks and he kind of chuckled. I did notice he carried mostly MS64 Walking Liberty halves and dipped out Mercury dimes and what not in his cases, nothing really out of the ordinary and certainly nothing with any "pop and sizzle". More bread and butter coins. He seemed sincere but had no problem finding fault with an early seated dollar in NGC plastic I had picked up earlier. When I told Frank it wasn't for sale and I only wanted his opinion he lightened up a bit. I guess his strategy was to buy it cheap if that was the way I was leaning. I am sure running a coin business is difficult work and the more competition there is the tougher to scratch out a decent living. Still, no need to throw down other dealers such as Legend as all it does it make the critic look foolish. Frank should not look upon Legend as competition as really anyway, as certainly they're not.
To gage his temperature I commented his shirt reminded me of the fabric found in 1973 Ford Pinto seatbacks and he kind of chuckled. I did notice he carried mostly MS64 Walking Liberty halves and dipped out Mercury dimes and what not in his cases, nothing really out of the ordinary and certainly nothing with any "pop and sizzle"
<< <i>I met Frank at a local show close to eighteen months ago. To gage his temperature I commented his shirt reminded me of the fabric found in 1973 Ford Pinto seatbacks and he kind of chuckled. I did notice he carried mostly MS64 Walking Liberty halves and dipped out Mercury dimes and what not in his cases, nothing really out of the ordinary and certainly nothing with any "pop and sizzle". More bread and butter coins. He seemed sincere but had no problem finding fault with an early seated dollar in NGC plastic I had picked up earlier. When I told Frank it wasn't for sale and I only wanted his opinion he lightened up a bit. I guess his strategy was to buy it cheap if that was the way I was leaning. I am sure running a coin business is difficult work and the more competition there is the tougher to scratch out a decent living. Still, no need to throw down other dealers such as Legend as all it does it make the critic look foolish. Frank should not look upon Legend as competition as really anyway, as certainly they're not. >>
I have known frank for more than twenty years. He has never so much as visited California (where your profile says you are) in all that time. So he couldn't have set up there.
And the car posted by Goldbully is not Frank's car. His car is a gray Malibu.
Nor has he ever so much as shown me a dipped out Mercury Dime.
And I'm sure that Frank doesn't consider Laura competition since they deal in completely different kinds of coins.
<< <i>Laura said that "a true rare coin has always vastly outperformed generics" and she includes bullion in the mix. I am always looking for plays after metals complete their cycle.
Does anyone have any charts tracking rarities over the last 30 years to back this claim up? What rarities would you buy for investment? >>
At these levels, my estimate is that silver bullion has outperformed 99.5% of numismatic coins for 20, 10, 5, and 1 year periods. I guess a person could point to that 0.5%, but probably only in hindsight, not in real time markets, and probably only by buying and selling the rare coins at sweetheart deal levels, not when paying full retail price, and selling at typical wholesale. More recently, because of a recent promotion, generic MS64 Morgans have outperformed 95% of numismatic coins for the past year. Again, a person might be able to point to the 5% that has more than doubled in hindsight, but couldn't have done it in real time a year ago, and again, paying full retail and selling at typical wholesale like average collectors do, would eliminate much of that 5% group as well.
/edit to add: standard reply about coins and investment. There are three indicators about how well a collector will do with numismatic coin investments: their grading skill, their dealer connections, and their market knowledge. Be above average in all three, and a person will likely do well. Those who are below average in all three, are likely to lose money or at best break even. >>
Just want to add that while the average collector can focus on a series or two and be able to grade as well as anybody, he is at a disadvantage due to a lack of dealer connections; ie., not getting the first shot at new material. It is very difficult for the average collector to know major market trends without those dealer connections, as well.
"Vou invadir o Nordeste, "Seu cabra da peste, "Sou Mangueira......."
Comments
<< <i>If you were objective, you'd defend MJ's right to post about any numismatically relevant topic, even if some small minority here prefer that MJ would not. >>
I have never complained about MJ or anyone else posting a link to Laura's reports or any other topic and I certainly don't think MJ needs me to defend him. I enjoy reading Laura's reports and appreciate when someone alerts me of a new report. When someone disagrees with the content of her reports, I also enjoy reading an opposing viewpoint. Certainly personal attacks aren't appropriate but not every disagreement should be considered as a personal attack.
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
Does anyone have any charts tracking rarities over the last 30 years to back this claim up? What rarities would you buy for investment?
This thread is advertising for Frank too! Just because of his postings, I realized I hadn't checked out his eBay auctions for some time, so I did, and I actually made a bid.
Go figure.
<< <i>
<< <i>When someone posts a dealer blog here, should those that disagree with that blog be able to express their disagreement here? Apparently, many here think not. >>
There is a big difference between disagreeing and bashing. What the heck does the spelling or grammer matter? Haters be grabbing for straws.
Legend market report personally gives me a great a pulse of the market. Laura shoots straight. She has no secret adjendas and tells it like it is. A small player like me barely ever makes any mega coin shows. Legend's market report has helped me in the past and will continue to so in the future. >>
If I hadn't read this far, I'd never have known about adjendas.
Pinnacle also has good market reports, as one poster mentioned. An earlier one by Kathleen on plastic was also very good.
If a thread on Legend is inappropriate due to it being considered 'advertising' for them, then are the myriad threads about eBay and PayPal ripoffs not 'advertising' for them?
I finally took a look at Frank's ebay listings. Not for me (I'm very specific about what I like), but I now understand why he is so virulently against many of Laura's messages... I think Frank thinks that Laura's messages are targeted at the type of product that he carries. To be fair, I can see how he may think that (again, I am guessing at what Frank is thinking).
Laura doesn't like the mundane, run-of-the-mill stuff. She advocates quality. A well-worn, unmolested circ raw Morgan basic-date is an honest coin, but it's not what she (nor the overwhelming bulk of her client base) handles. In this regard, Laura and Frank are worlds apart.
Nothing wrong with handling lower-priced material. I have a buddy at work who is building a collection of lower-priced stuff. My problem with what my friend is doing is that he is only focused on price and not quality or even price per quality. I think this is the thrust of Laura's agenda - not to buy stuff that is bad value. Time and time again, Legend have advised me against buying TD's in 64 or 65 simply because for the coin and the price they were bad value. She actually called a 1877-CC TD in 64 a dreck once. And, it was a dreck. [Please no comments about what 'dreck' really means.] That dreck 77CC TD was my coin. She made me sell it (for a slight loss) and replace it with a much nicer 77CC in 63 that I still own and am proud to show off.
Some disclaimers:
* I did not look carefully at Frank's listings and have no comment regarding their quality or their value. I have never done business with him and do not recommend for or against doing so.
** I very rarely read Legend's market report. If I don't read it, then I am immune to her contextual, grammatical or spelling issues...
*** I am a huge fan of Legend, and I am biased because I know them very well. You may argue against Laura's messages, but I think it is wrong to get personal.
EVP
How does one get a hater to stop hating?
I can be reached at evillageprowler@gmail.com
As others have said, only the Legend reports are targeted. CRO, Pinnacle, Doug Winter, and many others, all those reports get linked and do not attract the ire of the haters. Many other dealers contribute with lively and/or informative show reports. Given that, it looks like personal grudges, and beyond petty.
<< <i>Laura said that "a true rare coin has always vastly outperformed generics" and she includes bullion in the mix. I am always looking for plays after metals complete their cycle.
Does anyone have any charts tracking rarities over the last 30 years to back this claim up? What rarities would you buy for investment? >>
At these levels, my estimate is that silver bullion has outperformed 99.5% of numismatic coins for 20, 10, 5, and 1 year periods. I guess a person could point to that 0.5%, but probably only in hindsight, not in real time markets, and probably only by buying and selling the rare coins at sweetheart deal levels, not when paying full retail price, and selling at typical wholesale. More recently, because of a recent promotion, generic MS64 Morgans have outperformed 95% of numismatic coins for the past year. Again, a person might be able to point to the 5% that has more than doubled in hindsight, but couldn't have done it in real time a year ago, and again, paying full retail and selling at typical wholesale like average collectors do, would eliminate much of that 5% group as well.
/edit to add: standard reply about coins and investment. There are three indicators about how well a collector will do with numismatic coin investments: their grading skill, their dealer connections, and their market knowledge. Be above average in all three, and a person will likely do well. Those who are below average in all three, are likely to lose money or at best break even.
Let me just add this for your listening pleasure
Living in America
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
<< <i>
<< <i>Frank, You think Laura does not work hard? Why are you so jealous of her? If nothing, you should admire what she has done and how she does fight for the good of the hobby. And accept the fact her millionaire partner is only a minority partner who she happened to have made a lot of money for and backs her projects when asked (I know Laura does not always need his backing).
I thought the Market Report was excellent tonight. I view them like I do when i read the paper each day to see what is happening in the world around me. >>
I liked this part as I am at the CICF now and I thought it was a great show.We greatly misjudged the size of the coin market vs the rest of the world! >>
That is an excellent point. The coin market is GLOBAL, and 100+ year old high grade large silver coins are very attractive to buyers worldwide. Throw in the connection with the "wild west" historical context and you can see the appeal.
<< <i>I got a very useful nugget of information from the market report. Legend provided the first public confirmation of my theory that telemarketers are what is driving the meteoric market rise for generic Morgans. That is more than I can say about any number of contributers, no matter how clean their spelling and grammar. >>
Yep, I'd guess there are quite a few citizens who are about to take it in the shorts; they just don't know it yet.
<< <i>
<< <i>The posters of these Legend links have stated that they will be sure to post them weekly to
annoy people who consider them inappropriate advertising. >>
If you think the threads are inappropriate advertising, you can refuse to read them. Or continue to bump them to the top by posting replies.
Just a thought...
I prefer to report them to the proper PCGS administrators.
... says the boy who cried wolf.
Regarding the matter of the pricing of the generic Morgans, this is the same thing (to some extent) that happened to Early Dollars a few years back. They have to exist in sufficient quantity for mass appeal. ED's are far more common than Early Half Dimes, Dimes and Quarters. Yet, they are more majestic (due to size) and more available. Especially when compared to Early Half Dimes and Dimes.
Many years ago, a very prominent ED specialist advised me to buy as many nice ED's as possible because he knows a group of dealers will soon be making a move with them. Without giving any more details, about a year later, ED pricing started to climb steeply upwards. Nice ED's climbed even more steeply. I did well. I am very grateful of the pointer. Now ED pricing have fallen to sad levels, and nice pieces can be had for a song.
Generics will also run the risk of being targeted by marketers. It's the nature of business. You can rent air time on HSN to sell a product if there isn't enough product. You can promote "rare" coins for a portfolio if there isn't enough of the coins for enough portfolios to make it worth the effort.
EVP
How does one get a hater to stop hating?
I can be reached at evillageprowler@gmail.com
Way funny. I figure you would be the one to bump this from page 3 to page one. Nice.
Tcmitter, you do realize that Don is cool with these Market Reports right? I'm not sure where he stands on constant whining about them though.
When you report into World Headquarters please make sure you get my name correct.
MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i><I prefer to report them to the proper PCGS administrators>
Way funny. I figure you would be the one to bump this from page 3 to page one. Nice.
Tcmitter, you do realize that Don is cool with these Market Reports right? I'm not sure where he stands on constant whining about them though.
When you report into World Headquarters please make sure you get my name correct.
MJ >>
I think there are also ethical issues to be raised in such free posting of reports. Note well, I neither accuse or make accusations towards anyone. I want to be very clear on this.
For those who link dealer's reports, IMHO, I think every linked report, from any dealer, should contain a statement that the poster has never had a vested interest with the dealer or, in lieu of that, received any type of consideration on a deal with the dealer(s), they are linking to in a thread. If so, what kind of exact consideration, again IMHO, should be completely disclosed in the interests of full disclosure.
If a dealer has ever said, or intimated, that a poster was "given a break," even if indirectly, because of a link to a post, IMHO, I also think even something as seemingly innocuous as that should be disclosed.
It's tcmitssr, BTW, you don't help your case by trying to mock anyone's name/nym when you are trying to make your case in a fair and justifiable manner
Again, note well, I neither accuse or make accusations towards anyone. I think this is, potentially, a gray area that I would recommend Don and PCGS to consider the broader implications for all dealers and all posters who put up links to reports or a website, if they have not already.
Feel free to spell my name incorrectly if you turn me into the authorities.
MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
1) Posters of links to dealer blogs get no special considerations as a result
2) CU could not care less
<< <i>I prefer to report them to the proper PCGS administrators. >>
So you're trying to get threads deleted (or prohibited) that a lot of people are on record wanting to read?
Nice.
I am sure running a coin business is difficult work and the more competition there is the tougher to scratch out a decent living. Still, no need to throw down other dealers such as Legend as all it does it make the critic look foolish. Frank should not look upon Legend as competition as really anyway, as certainly they're not.
<< <i>While you all bicker, Laura just emailed me what MS66 Morgans are being bought for. I am going to be a seller this week. >>
so what are they being bought for?
I give away money. I collect money.
I don’t love money . I do love the Lord God.
<< <i>
<< <i>While you all bicker, Laura just emailed me what MS66 Morgans are being bought for. I am going to be a seller this week. >>
so what are they being bought for? >>
I would think they are being bought for resale.
Now that explains it all!!!
<< <i>Thanks for posting it forward MJ...Have a great weekend my friend...
AB
<< <i>I have little doubt that:
1) Posters of links to dealer blogs get no special considerations as a result
2) CU could not care less >>
1. They should state that, clearly, IMHO. What's the issue with doing that?
2. It's CU's decision what they care about or do not, not mine or yours.
This is an opinion forum and I've made mine clear.
<< <i>I met Frank at a local show close to eighteen months ago. To gage his temperature I commented his shirt reminded me of the fabric found in 1973 Ford Pinto seatbacks and he kind of chuckled. I did notice he carried mostly MS64 Walking Liberty halves and dipped out Mercury dimes and what not in his cases, nothing really out of the ordinary and certainly nothing with any "pop and sizzle". More bread and butter coins. He seemed sincere but had no problem finding fault with an early seated dollar in NGC plastic I had picked up earlier. When I told Frank it wasn't for sale and I only wanted his opinion he lightened up a bit. I guess his strategy was to buy it cheap if that was the way I was leaning.
I am sure running a coin business is difficult work and the more competition there is the tougher to scratch out a decent living. Still, no need to throw down other dealers such as Legend as all it does it make the critic look foolish. Frank should not look upon Legend as competition as really anyway, as certainly they're not. >>
I have known frank for more than twenty years. He has never so much as visited California (where your profile says you are) in all that time. So he couldn't have set up there.
And the car posted by Goldbully is not Frank's car. His car is a gray Malibu.
Nor has he ever so much as shown me a dipped out Mercury Dime.
And I'm sure that Frank doesn't consider Laura competition since they deal in completely different kinds of coins.
<< <i>
<< <i>Laura said that "a true rare coin has always vastly outperformed generics" and she includes bullion in the mix. I am always looking for plays after metals complete their cycle.
Does anyone have any charts tracking rarities over the last 30 years to back this claim up? What rarities would you buy for investment? >>
At these levels, my estimate is that silver bullion has outperformed 99.5% of numismatic coins for 20, 10, 5, and 1 year periods. I guess a person could point to that 0.5%, but probably only in hindsight, not in real time markets, and probably only by buying and selling the rare coins at sweetheart deal levels, not when paying full retail price, and selling at typical wholesale. More recently, because of a recent promotion, generic MS64 Morgans have outperformed 95% of numismatic coins for the past year. Again, a person might be able to point to the 5% that has more than doubled in hindsight, but couldn't have done it in real time a year ago, and again, paying full retail and selling at typical wholesale like average collectors do, would eliminate much of that 5% group as well.
/edit to add: standard reply about coins and investment. There are three indicators about how well a collector will do with numismatic coin investments: their grading skill, their dealer connections, and their market knowledge. Be above average in all three, and a person will likely do well. Those who are below average in all three, are likely to lose money or at best break even. >>
Just want to add that while the average collector can focus on a series or two and be able to grade as well as anybody, he is at a disadvantage due to a lack of dealer connections; ie., not getting the first shot at new material. It is very difficult for the average collector to know major market trends without those dealer connections, as well.
"Seu cabra da peste,
"Sou Mangueira......."
<< <i>I sold my MS66 Morgans for $330.00! You gusy can eat crow who don't like Legends market reports. >>
They hit $332 this morning before dropping to $328. Shrewd move, even though some investment advisors have predicted $338.
Did you get actually take the $990 or manage to negotiate a 1939D 10c MS68+ FB and a sushi lunch in trade?