It has come to my attention in the last several years that a disturbing number of bidders in coin auction venues in which I participate, seem to get some sort of physic enjoyment of placing a winning bid on a lot, irrespective of whether or not such bid makes economic sense - like the guy who paid $32,000 for an 1852 Large Cent in a PC 5 RD holder.
If I win more than one coin in a year, and I participate in a good fifteen auctions or so, it's an anomaly.
"Vou invadir o Nordeste, "Seu cabra da peste, "Sou Mangueira......."
Went to a dealer during my travels. After looking over some nicer slabbed Morgans, pull out an 1890-O PCGS 65 and ask him what he will give in trade. Tosses it on the counter and says they go for about $112.00. I say, WHAT? How about 2 grand! Grabs it back and says, oh, it's the "O" mint mark, I thought it was Philadelphia. I can't sell that high end stuff around here.
I can never win a dang Ebay auction. I'm always outbid by the next increment, WTH! I'll be winning it till the last second, then bam, that's when all the action takes place.
<< <i>How can you have a miserable experience in coins?
they're supposed to be fun and games >>
I cherrypicked a coin in my Series that will surpass any coin I have done before.. I also picked up a upgrade for my Registry Set only to find out after looking up the cert number it shows....Last sold Bullet sale at heritage fun 2003 and This untoned Superb Gem is smooth from rim to rim. A well contrasted specimen striking of the type. From the Collection of Colonel Carmine Penta. ( Its been a amazing week and now more research is needed. We all create are own luck. I am Happy Happy Happy. Enjoy
I had to tell a friend (coin dealer A) that I wasn't going to work for him. Instead working across town for another dealer (B). B has better pay, benefits, more professional environment...
It was hard to let down a friend, but I think it would have been harder to work for a friend.
I bid on a lot via the Internet and then watch the auction live via one of those Internet connections. I watch that lot get hammered down at price well under my bid. I stay on the Internet for several more lots to make sure that the acutioneer does not reopen the lot to the floor, which she does not. I check the site and note that the piece sold for the hammer price. The next day the auction price is $2,500 higher.
I call up the auction company find out what happened. They say that they "missed" a snail mail bid. Since I wanted the lot I went with it, but old saying is "Fool me once, shame on you. Fool me twice, shame on me."
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
The good far outweighed the bad, but I did get ticked at the central FL show on Fri....I located a couple common late date walkers (39P and 44D) in the XF/XF+ grade my customer wants, in a dealer's junk binder. Knowing these are 'bullion' coins, but being respectful of the prices the dealer had marked, I offered $35 for the pair. The dealer, whom I've spent money with on multiple occasions, acted insulted, said I could have them for $40, and then turned away from me (with no one else at his table). I felt like just leaving them out on his case and making a snide remark, but kept my mouth shut, and carefully put them back into the right places in the binder and went on my way.
<< <i>The good far outweighed the bad, but I did get ticked at the central FL show on Fri....I located a couple common late date walkers (39P and 44D) in the XF/XF+ grade my customer wants, in a dealer's junk binder. Knowing these are 'bullion' coins, but being respectful of the prices the dealer had marked, I offered $35 for the pair. The dealer, whom I've spent money with on multiple occasions, acted insulted, said I could have them for $40, and then turned away from me (with no one else at his table). I felt like just leaving them out on his case and making a snide remark, but kept my mouth shut, and carefully put them back into the right places in the binder and went on my way. >>
It does seem odd. Gray Sheet bid/ask on the pair is only $29/$32 so $35 seems more than fair.
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
I got offered $30 for my 1921 Peace dollar in a PCGS AU58 holder (with plenty of luster on it). When I kindly told the prospective buyer that it was worth more than $30, he called me a "lying cheat who wants to rip people off." I don't let one person's comments bother me, but it scares me that this guy might go around saying senseless things. I wonder how some of you guys handle situations like these.
<< <i>I had to tell a friend (coin dealer A) that I wasn't going to work for him. Instead working across town for another dealer (B). B has better pay, benefits, more professional environment...
It was hard to let down a friend, but I think it would have been harder to work for a friend.
Oh I start work on the 15th....excited. >>
Appears that you made a difficult, but wise decision. Stay grounded, and grow a thick skin. You'll need this.
<< <i>I got offered $30 for my 1921 Peace dollar in a PCGS AU58 holder (with plenty of luster on it). When I kindly told the prospective buyer that it was worth more than $30, he called me a "lying cheat who wants to rip people off." I don't let one person's comments bother me, but it scares me that this guy might go around saying senseless things. I wonder how some of you guys handle situations like these. >>
Very easy solution. Tell that prospective buyer to bring you all of the 1921 Peace Dollars in PCGS AU-58 that they can buy for $30, because you'll pay them triple that in cash. If that doesn't shut them up or give them a blush, then you've got a certifiable nut job on your hands.
<< <i>I got offered $30 for my 1921 Peace dollar in a PCGS AU58 holder (with plenty of luster on it). When I kindly told the prospective buyer that it was worth more than $30, he called me a "lying cheat who wants to rip people off." I don't let one person's comments bother me, but it scares me that this guy might go around saying senseless things. I wonder how some of you guys handle situations like these. >>
Very easy solution. Tell that prospective buyer to bring you all of the 1921 Peace Dollars in PCGS AU-58 that they can buy for $30, because you'll pay them triple that in cash. If that doesn't shut them up or give them a blush, then you've got a certifiable nut job on your hands. >>
It doesn't help Stack's-Bowers to continue refusing to establish a searchable auction archive retroactive to the original Stack's Auctions that is at least as useful/functional as the existing Heritage archive search function.
1) After telling someone that their coins weren't worth any more than face value, I was asked "what is face value?"... 2) Got my first Paypal scam/spoof where they "pay" above my asking price then tell me to Western Union them the surplus before shipping. Ol' Matt didn't fall off the turnip truck yesterday!
<< <i>The good far outweighed the bad, but I did get ticked at the central FL show on Fri....I located a couple common late date walkers (39P and 44D) in the XF/XF+ grade my customer wants, in a dealer's junk binder. Knowing these are 'bullion' coins, but being respectful of the prices the dealer had marked, I offered $35 for the pair. The dealer, whom I've spent money with on multiple occasions, acted insulted, said I could have them for $40, and then turned away from me (with no one else at his table). I felt like just leaving them out on his case and making a snide remark, but kept my mouth shut, and carefully put them back into the right places in the binder and went on my way. >>
Patience like that is what makes you an Expert Collector
"People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf." - Geo. Orwell
I saw yet another example of a coin with natural surfaces that was dipped, made more white, put in a holder with added marketing accoutrements, and is selling for far more than the original coin sold for 2 1/2 months ago. I wonder how many unmolested type coins will be left?
"Vou invadir o Nordeste, "Seu cabra da peste, "Sou Mangueira......."
Finally found what looks to be an original roll on e-Bay only to try & be frugal and ended up being the under bidder ! ! !
Still kicking myself for not over paying for THIS ONE :
HH
Need the following OBW rolls to complete my 46-64 Roosevelt roll set: 1947-P & D; 1948-D; 1949-P & S; 1950-D & S; and 1952-S. Any help locating any of these OBW rolls would be gratefully appreciated!
<< <i>I saw yet another example of a coin with natural surfaces that was dipped, made more white, put in a holder with added marketing accoutrements, and is selling for far more than the original coin sold for 2 1/2 months ago. I wonder how many unmolested type coins will be left? >>
I would have to see the before and after pics before making a judgment. Some coins with so called "natural surfaces" have ugly toning which make them unsalable and benefit from a proper dip while other coins can be ruined and degraded from dipping.
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
I dislike the Post Office.......I bought a 550.00 coin from a California Dealer OCT 7th they shipped it out on the 9th Registered Mail. On monday I contacted the dealer and told them no coin, I get this email yesterday from them saying..........Hi Tom, we have contacted the San Diego post office that handled your package. The plane carrying the container of packages made it to O’Hare but has been misplaced. The postal service is working diligently on this situation. They should be contacting us tomorrow to update us on what is going on. So sorry for the inconvenience............1 Year ago 2 of my coins were stolen by a Anaheim Postal Clerk.......IS He in Jail? Last I heard they still have not returned the Coins they did recover...I really dislike the post office. Enjoy
Went to a very small show near New Orleans a few months ago and brought some of the toned Morgans I now have on the site. I did not expect to sell them there as most of the dealers were real small time. I had not seen any set up at larger shows so I decided to play a game. I looked for the few that had "toned" Morgans in their stock. Then I showed them mine and asked what they would pay for them saying up front that color coins are not really book value coins which most nodded in acceptance while thumbing hastily through a greysheet, at which I chuckled a little inside. One "dealer" took his time and told me they were pretty but not nice enough for him (keep in mind some of these were $3000+ color coins) and he offered me about 50% over greysheet all the while saying he doesn't really believe toning should add to the price. To which I respectfully declined. Then came the fun part. I picked out his "best" toner, an 1887 in pcgs 64 which had dusty pastel shades of muted orange and lavendar, which had a moderate haziness to it. Probably a $75 toner at the very best retail. I looked it over and asked how much for it and he said $450. Gathering all my aplomb, I handed it back to him, looked him in the eye, asked him why it was that expensive, and he said, "because it has nice toning." in direct contradiction of his toning shouldnt add value to the coin speech while looking over mine. I responded by saying "So you have no problem asking more for toned coins but refuse to pay up for toning when it is offered to you?" He stared blankly back at me, turned around, and I knew he knew I knew (whew) he was a shady rip off dealer. Hah. Burn.
I ended up buying a cool scallop fossil about the size of my hand there, the missing clad toned Mississippi quarter, pci toned proof washington quarter both on my site, and that was about it.
<< <i>Went to a very small show near New Orleans a few months ago and brought some of the toned Morgans I now have on the site. I did not expect to sell them there as most of the dealers were real small time. I had not seen any set up at larger shows so I decided to play a game. I looked for the few that had "toned" Morgans in their stock. Then I showed them mine and asked what they would pay for them saying up front that color coins are not really book value coins which most nodded in acceptance while thumbing hastily through a greysheet, at which I chuckled a little inside. One "dealer" took his time and told me they were pretty but not nice enough for him (keep in mind some of these were $3000+ color coins) and he offered me about 50% over greysheet all the while saying he doesn't really believe toning should add to the price. To which I respectfully declined. Then came the fun part. I picked out his "best" toner, an 1887 in pcgs 64 which had dusty pastel shades of muted orange and lavendar, which had a moderate haziness to it. Probably a $75 toner at the very best retail. I looked it over and asked how much for it and he said $450. Gathering all my aplomb, I handed it back to him, looked him in the eye, asked him why it was that expensive, and he said, "because it has nice toning." in direct contradiction of his toning shouldnt add value to the coin speech while looking over mine. I responded by saying "So you have no problem asking more for toned coins but refuse to pay up for toning when it is offered to you?" He stared blankly back at me, turned around, and I knew he knew I knew (whew) he was a shady rip off dealer. Hah. Burn.
I ended up buying a cool scallop fossil about the size of my hand there, the missing clad toned Mississippi quarter, pci toned proof washington quarter both on my site, and that was about it. >>
"Why coin collectors drink."
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
<< <i>Bought what was listed as a 1951 proof set on eBay. I was shipped business strike coins, worth a fraction of what I paid. >>
And the seller would be...?
I used to be somebody, now I'm just a coin collector. Recipient of the coveted "You Suck" award, April 2009 for cherrypicking a 1833 CBHD LM-5, and April 2022 for a 1835 LM-12, and again in Aug 2012 for picking off a 1952 FS-902.
<< <i>Went to a dealer during my travels. After looking over some nicer slabbed Morgans, pull out an 1890-O PCGS 65 and ask him what he will give in trade. Tosses it on the counter and says they go for about $112.00. I say, WHAT? How about 2 grand! Grabs it back and says, oh, it's the "O" mint mark, I thought it was Philadelphia. I can't sell that high end stuff around here.
How dumb of a statement was that? >>
Even the Philly coin sells for a lot of money. Any Morgan dated 1890 in MS65 is worth big bucks. This guy sounds like a maroon. $112? I see commons selling for around $150 this week which suggests most honest dealers are paying a lot more than $112 in CASH for gem generic Morgans. Good story.
I don't have any stories for this year as I haven't bought a single coin in 2013. Did have a dealer friend of mine sell some coins for me a few weeks ago at Bay State and did better than I expected as far as volume of coins sold. Interesting that those coins were easier to sell there yet at the January FUN show there was essentially no interest.
Comments
None for me, but this should make for a fun thread.
peacockcoins
"Inspiration exists, but it has to find you working" Pablo Picasso
.
CoinsAreFun Toned Silver Eagle Proof Album
.
Gallery Mint Museum, Ron Landis& Joe Rust, The beginnings of the Golden Dollar
.
More CoinsAreFun Pictorials NGC
Coin Club Benefit auctions ..... View the Lots
If I win more than one coin in a year, and I participate in a good fifteen auctions or so, it's an anomaly.
"Seu cabra da peste,
"Sou Mangueira......."
Went to a dealer during my travels. After looking over some nicer slabbed Morgans, pull out an 1890-O PCGS 65 and ask him what he will give in trade. Tosses it on the counter and says they go for about $112.00. I say, WHAT? How about 2 grand! Grabs it back and says, oh, it's the "O" mint mark, I thought it was Philadelphia. I can't sell that high end stuff around here.
How dumb of a statement was that?
Eric
they're supposed to be fun and games
Ike Specialist
Finest Toned Ike I've Ever Seen, been looking since 1986
<< <i>How can you have a miserable experience in coins?
they're supposed to be fun and games >>
From the Collection of Colonel Carmine Penta. ( Its been a amazing week and now more research is needed. We all create are own luck. I am Happy Happy Happy. Enjoy
I used to be famous now I just collect coins.
Link to My Registry Set.
https://pcgs.com/setregistry/quarters/washington-quarters-specialty-sets/washington-quarters-complete-variety-set-circulation-strikes-1932-1964/publishedset/78469
Varieties Are The Spice Of LIFE and Thanks to Those who teach us what to search For.
It was hard to let down a friend, but I think it would have been harder to work for a friend.
Oh I start work on the 15th....excited.
Rob
Successful Trades with: Coincast, MICHAELDIXON
Successful Purchases from: Manorcourtman, Meltdown
you fellas vent a lot nicer than me.
I call up the auction company find out what happened. They say that they "missed" a snail mail bid. Since I wanted the lot I went with it, but old saying is "Fool me once, shame on you. Fool me twice, shame on me."
<< <i>Had an R6+ 'picked from right under my nose...
a bust half? Say it ain't so!
<< <i>The good far outweighed the bad, but I did get ticked at the central FL show on Fri....I located a couple common late date walkers (39P and 44D) in the XF/XF+ grade my customer wants, in a dealer's junk binder. Knowing these are 'bullion' coins, but being respectful of the prices the dealer had marked, I offered $35 for the pair. The dealer, whom I've spent money with on multiple occasions, acted insulted, said I could have them for $40, and then turned away from me (with no one else at his table). I felt like just leaving them out on his case and making a snide remark, but kept my mouth shut, and carefully put them back into the right places in the binder and went on my way. >>
It does seem odd. Gray Sheet bid/ask on the pair is only $29/$32 so $35 seems more than fair.
Hoard the keys.
Interests:
Pre-Jump Grade Project
Toned Commemoratives
100
yet
<< <i>I wonder how some of you guys handle situations like these. >>
Did you show him greysheet or other data? Cheers, RickO
Nothing for me this week though.
<< <i>I had to tell a friend (coin dealer A) that I wasn't going to work for him. Instead working across town for another dealer (B). B has better pay, benefits, more professional environment...
It was hard to let down a friend, but I think it would have been harder to work for a friend.
Oh I start work on the 15th....excited. >>
Appears that you made a difficult, but wise decision. Stay grounded, and grow a thick skin. You'll need this.
For moi - 0/2 at the bean garden.
"Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
http://www.american-legacy-coins.com
<< <i>I got offered $30 for my 1921 Peace dollar in a PCGS AU58 holder (with plenty of luster on it). When I kindly told the prospective buyer that it was worth more than $30, he called me a "lying cheat who wants to rip people off." I don't let one person's comments bother me, but it scares me that this guy might go around saying senseless things. I wonder how some of you guys handle situations like these. >>
Very easy solution. Tell that prospective buyer to bring you all of the 1921 Peace Dollars in PCGS AU-58 that they can buy for $30, because you'll pay them triple that in cash. If that doesn't shut them up or give them a blush, then you've got a certifiable nut job on your hands.
"Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
http://www.american-legacy-coins.com
<< <i>
<< <i>I got offered $30 for my 1921 Peace dollar in a PCGS AU58 holder (with plenty of luster on it). When I kindly told the prospective buyer that it was worth more than $30, he called me a "lying cheat who wants to rip people off." I don't let one person's comments bother me, but it scares me that this guy might go around saying senseless things. I wonder how some of you guys handle situations like these. >>
Very easy solution. Tell that prospective buyer to bring you all of the 1921 Peace Dollars in PCGS AU-58 that they can buy for $30, because you'll pay them triple that in cash. If that doesn't shut them up or give them a blush, then you've got a certifiable nut job on your hands. >>
A few coins never showed up, that were purchased about a month ago.
PCGS Registries
Box of 20
SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
"Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
http://www.american-legacy-coins.com
1) After telling someone that their coins weren't worth any more than face value, I was asked "what is face value?"...
2) Got my first Paypal scam/spoof where they "pay" above my asking price then tell me to Western Union them the surplus before shipping. Ol' Matt didn't fall off the turnip truck yesterday!
<< <i>The good far outweighed the bad, but I did get ticked at the central FL show on Fri....I located a couple common late date walkers (39P and 44D) in the XF/XF+ grade my customer wants, in a dealer's junk binder. Knowing these are 'bullion' coins, but being respectful of the prices the dealer had marked, I offered $35 for the pair. The dealer, whom I've spent money with on multiple occasions, acted insulted, said I could have them for $40, and then turned away from me (with no one else at his table). I felt like just leaving them out on his case and making a snide remark, but kept my mouth shut, and carefully put them back into the right places in the binder and went on my way. >>
Patience like that is what makes you an Expert Collector
"Seu cabra da peste,
"Sou Mangueira......."
Still kicking myself for not over paying for THIS ONE :
HH
1947-P & D; 1948-D; 1949-P & S; 1950-D & S; and 1952-S.
Any help locating any of these OBW rolls would be gratefully appreciated!
<< <i>I saw yet another example of a coin with natural surfaces that was dipped, made more white, put in a holder with added marketing accoutrements, and is selling for far more than the original coin sold for 2 1/2 months ago. I wonder how many unmolested type coins will be left? >>
I would have to see the before and after pics before making a judgment. Some coins with so called "natural surfaces" have ugly toning which make them unsalable and benefit from a proper dip while other coins can be ruined and degraded from dipping.
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
I used to be famous now I just collect coins.
Link to My Registry Set.
https://pcgs.com/setregistry/quarters/washington-quarters-specialty-sets/washington-quarters-complete-variety-set-circulation-strikes-1932-1964/publishedset/78469
Varieties Are The Spice Of LIFE and Thanks to Those who teach us what to search For.
<< <i>... The plane carrying the container of packages made it to O’Hare but has been misplaced. ..
>>
Hopefully they find their plane soon.
I ended up buying a cool scallop fossil about the size of my hand there, the missing clad toned Mississippi quarter, pci toned proof washington quarter both on my site, and that was about it.
<< <i>Halfhunter...that roll had been opened and searched... could clearly see that... likely you did not miss anything...Cheers, RickO >>
<< <i>Went to a very small show near New Orleans a few months ago and brought some of the toned Morgans I now have on the site. I did not expect to sell them there as most of the dealers were real small time. I had not seen any set up at larger shows so I decided to play a game. I looked for the few that had "toned" Morgans in their stock. Then I showed them mine and asked what they would pay for them saying up front that color coins are not really book value coins which most nodded in acceptance while thumbing hastily through a greysheet, at which I chuckled a little inside. One "dealer" took his time and told me they were pretty but not nice enough for him (keep in mind some of these were $3000+ color coins) and he offered me about 50% over greysheet all the while saying he doesn't really believe toning should add to the price. To which I respectfully declined. Then came the fun part. I picked out his "best" toner, an 1887 in pcgs 64 which had dusty pastel shades of muted orange and lavendar, which had a moderate haziness to it. Probably a $75 toner at the very best retail. I looked it over and asked how much for it and he said $450. Gathering all my aplomb, I handed it back to him, looked him in the eye, asked him why it was that expensive, and he said, "because it has nice toning." in direct contradiction of his toning shouldnt add value to the coin speech while looking over mine. I responded by saying "So you have no problem asking more for toned coins but refuse to pay up for toning when it is offered to you?" He stared blankly back at me, turned around, and I knew he knew I knew (whew) he was a shady rip off dealer. Hah. Burn.
I ended up buying a cool scallop fossil about the size of my hand there, the missing clad toned Mississippi quarter, pci toned proof washington quarter both on my site, and that was about it. >>
"Why coin collectors drink."
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
<< <i>Bought what was listed as a 1951 proof set on eBay. I was shipped business strike coins, worth a fraction of what I paid. >>
And the seller would be...?
Recipient of the coveted "You Suck" award, April 2009 for cherrypicking a 1833 CBHD LM-5, and April 2022 for a 1835 LM-12, and again in Aug 2012 for picking off a 1952 FS-902.
<< <i>Went to a dealer during my travels. After looking over some nicer slabbed Morgans, pull out an 1890-O PCGS 65 and ask him what he will give in trade. Tosses it on the counter and says they go for about $112.00. I say, WHAT? How about 2 grand! Grabs it back and says, oh, it's the "O" mint mark, I thought it was Philadelphia. I can't sell that high end stuff around here.
How dumb of a statement was that?
Even the Philly coin sells for a lot of money. Any Morgan dated 1890 in MS65 is worth big bucks. This guy sounds like a maroon. $112? I see commons selling for around $150 this week which suggests most
honest dealers are paying a lot more than $112 in CASH for gem generic Morgans. Good story.
I don't have any stories for this year as I haven't bought a single coin in 2013. Did have a dealer friend of mine sell some coins for me a few weeks ago at Bay State and did better than I expected as far as volume of coins
sold. Interesting that those coins were easier to sell there yet at the January FUN show there was essentially no interest.