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How are "ordinary" coins doing in today's market?
291fifth
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I find myself getting out of touch with the actual market for "ordinary" coins. How are they doing in today's market? By "ordinary" I mean just that, they are problem-free but unspectacular coins that are ok for the grade but no more.
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I try to find a strong niche and stick with that while going after the best examples at fair prices. I have always done well when I focus on that.
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Can it be defined by series, grade or price alone, or are all of those things factors that need to be considered.
Example: Can any problem free early gold, regardless of grade, be considered ordinary.
It's just something I have found to be a bit confusing at times. Separating the widgets from the extraordinary through a broadly accepted definition.
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Not being as well versed as others here, is there a short and sweet answer to what exactly constitutes ordinary coins?.
Not being as well versed as others here, is there a short and sweet answer to what exactly constitutes ordinary coins?.
Right now there are 14 Chain cents for sale on eBay and I doubt anyone worth his salt would call them ordinary.
Not being as well versed as others here, is there a short and sweet answer to what exactly constitutes ordinary coins?.
Ordinary coins seem to be selling well right now for me. Just not at the prices I would like.
Seems to me right now there are a lot of buyers for lower cost coins, but most of the people I have been dealing with lately are looking for deals.
Couple months ago I was relisting a coin and lowering the price, accidentally typed a $500 instead of $800(Greysheet bid). Got an offer for $300 and change. Would have gotten themselves a great deal on a Seated Dollar had they not warned me of my mistake and just hit BIN.
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Couple months ago I was relisting a coin and lowering the price, accidentally typed a $500 instead of $800(Greysheet bid). Got an offer for $300 and change. Would have gotten themselves a great deal on a Seated Dollar had they not warned me of my mistake and just hit BIN.
I can't wait to see Monday's threads on here:
"I made a best offer on a Seated dollar on eBay, and the seller not only declined, he RAISED the price by $300 right after that to teach me a lesson!!!!"
"What a jerk! Out him so I can block him!!!!!"
Couple months ago I was relisting a coin and lowering the price, accidentally typed a $500 instead of $800(Greysheet bid). Got an offer for $300 and change. Would have gotten themselves a great deal on a Seated Dollar had they not warned me of my mistake and just hit BIN.
I can't wait to see Monday's threads on here:
"I made a best offer on a Seated dollar on eBay, and the seller not only declined, he RAISED the price by $300 right after that to teach me a lesson!!!!"
"What a jerk! Out him so I can block him!!!!!"
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Not being as well versed as others here, is there a short and sweet answer to what exactly constitutes ordinary coins?.
Ordinary coins seem to be selling well right now for me. Just not at the prices I would like.
Seems to me right now there are a lot of buyers for lower cost coins, but most of the people I have been dealing with lately are looking for deals.
Couple months ago I was relisting a coin and lowering the price, accidentally typed a $500 instead of $800(Greysheet bid). Got an offer for $300 and change. Would have gotten themselves a great deal on a Seated Dollar had they not warned me of my mistake and just hit BIN.
Would you mind pricing some coins like that again and only telling me about it as I need to find some good quick deals? LOL
Not being as well versed as others here, is there a short and sweet answer to what exactly constitutes ordinary coins?.
Right now there are 14 Chain cents for sale on eBay and I doubt anyone worth his salt would call them ordinary.
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However, if you actually understood my guesstimate and followed instructions, you would find:
1793 chain cent P01 = 1
1793 chain cent AG = 3
1793 chain cent G = 6
1793 chain cent VG = 3
1793 chain cent F = 4
1793 chain cent VF = 7
1793 chain cent AU = 2
It doesn't appear that any of these would fall under the definition.
But keep trying. Perhaps you will be able to impress me one day
Not being as well versed as others here, is there a short and sweet answer to what exactly constitutes ordinary coins?.
Right now there are 14 Chain cents for sale on eBay and I doubt anyone worth his salt would call them ordinary.
Although using a chain cent is perhaps a bit more dramatic than my example of a no problem early gold coin, they are in essence both examples of the very thing to which I'm referring. The idea of a common coin today, particularly when viewed in light of how the internet has allowed us of all to come in contact with coins that 20 to 30 years ago we may not have ever had the chance to see locally, has transformed what each of us might consider to be common based upon our own circumstances and collecting preferences. What that transformation has resulted in exactly, is my question. Now I'm not trying to be overly naive, clearly there are common coins that everyone, or nearly everyone, recognizes to be generic. However, with so many niche areas of collecting and such a wide spread of budgets, from church mice to whales, I feel it can be hard, collectively, to agree on what is common or inversely, what is scarce. jmho.
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Remind me - why would you buy an ordinary coin??
Possibly because most of the extraordinary coins aren't available.
Why are people wasting $$ slabbing common date ms63 Morgans, even at $5 a pop?
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And the list goes on. Are they still common in some folks eyes..... of course. And I'm OK with that. And I've never had a problem selling any of these. Whether it be to dealers, so-called dealers, and even collectors.
But selling usually isn't on my mind when I buy. Of course I prefer to only be buried 6 feet, which I believe is fair. I'm sure someone would have brought this up as that seems to be all some folks care about is $$$$$.
Pretty much all I have purchased through the years are "common, ordinary" coins. The difference is I try and find them with an uncommon look. This could be but not limited to originality ( I define that for myself) Great strike perhaps on a Bust half that doesn't usually come that way. It could be for great eye-appeal, or a filthy dirty look which I also can define with eye-appeal.
And the list goes on. Are they still common in some folks eyes..... of course. And I'm OK with that. And I've never had a problem selling any of these. Whether it be to dealers, so-called dealers, and even collectors.
But selling usually isn't on my mind when I buy. Of course I prefer to only be buried 6 feet, which I believe is fair. I'm sure someone would have brought this up as that seems to be all some folks care about is $$$$$.
The coins you describe looking for are not "ordinary" coins.
Remind me - why would you buy an ordinary coin??
Because it's fun and doesn't cost an arm and a leg?
Remind me - why would you buy an ordinary coin??
If you were an ordinary coin collector.
Remind me - why would you buy an ordinary coin??
Because it's fun and doesn't cost an arm and a leg?
Excellent point. Looking for an "ordinary" yet extraordinary coin, such as a flashy MS63 common date/MM Walker is both a challenge and exciting.
This in and of itself pays dividends in enjoyment and perhaps a bit of profit down the road.
Sorry for all the pics but this thread needed a few examples from different peoples perspectives.
Charles III Album
Charles III Portrait Set
Charles IV Album
Charles IV Portrait Set
Remind me - why would you buy an ordinary coin??
If you were an ordinary coin collector.
The problem with the coin hobby may be that there are fewer ordinary collectors these days.
At the end of the conversation we had this ordinary connection. One of respect. Common as it is ; so it is. And the chat started with a most common cent… all over a 1927 Lincoln wheat cent with no beard or hair detail , much as I could tell from a phone chat and leading questions.
Today, about 10 minutes ago, two young gents about that same age came in with some common date (ordinary ) silver dollars. He left with them, even after a long chat about the Canadian currency, and Mexican pesos and other coins his grandma left him. Then I looked at an interesting belt buckle made of silver with 3 good sized turquoise stones in it. Surrounded by engraved leaf, I told them it was "nice, but I don't think I'd wear a belt with this buckle". They laughed and agreed they wouldn't , either .
Nowadays, what is "common" isn't always "ordinary", ordinarily. What is common, in this field, is availability. Most people are genuinely kind hearted and just going from point A to point B… and having a fun and fine transactions along that path, if possible.
Response: Because they are in silly sample slabs??????
Several cool varieties with populations under 100, yet you might find 25 of them listed on Ebay.
I don't know where the market is today, but it would seem a fertile ground to play.
There seem to be a few die hard collectors in VAM's and a bunch of cherry pickers who would rather wait and find their own example.
Such scarcity (and some downright rare) makes ordinary interesting.
I find it gives a lot of bang per buck and stabilizes the value of ones collection.
JohnnyCache.... you have some very nice, ordinary, coins there... Cheers, RickO
AU-58's are still grossly underappreciated.
Remind me - why would you buy an ordinary coin??
Because it's fun and doesn't cost an arm and a leg?
Yeah, like it cost man when _ _ _ made woman. It was designed that it would only cost him a rib. Now it costs a whole new kitchen.