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The difference between Coin and Currency collectors

Haven't touched my coins in 20 years so blowing them out in true auctions, $0.99 start and no reserve on ebay so I can afford more currency.

The first wave of 10 coins sold and I have received no less than 4 emails contacting me about allegedly high s&h rates. One guy is complaining that I charged $10.90 for s&h&ins his two wins together but it does not look like s&h is being combined.

When I politely broke it down for him with the new Jan. 1 USPS rates and insurance it is costing me a total $10.67. His response was even more heated. I sent an apology but I am only trying to be fair.'

A different buyer wrote me and stated "Before I bid on any of your other coins, just so I understand and can adjust my bid accordingly, you do not offer combined shipping, correct?" I thanked him for his two coin wins from last night and prompt payment then pointed out that he paid within $0.40 of what USPS charged me.

GEEEZ!
I have never had currency guys act this way, are coin guys on Ebay unfair or what?

Comments

  • ConstantineConstantine Posts: 2,368 ✭✭✭
    I have sold coins, cards, and currency on eBay for years. It is amazing to me how different the three groups of buyers are. The currency folks are by far the easiest going. No bias at all on my part, it is just fact in my book.
  • currency collectors are better looking than coin collectors LOL
  • Originally posted by: Maxcrusha

    currency collectors are betting looking than coin collectors LOL


    image



    imageimageimage

    Dad 1916-2014
  • synchrsynchr Posts: 1,401 ✭✭✭✭
    I messaged two of the guys that had won yesterday but complained then told them I'll eat all future S&H&I costs on their wins over the next 3 days.

    The buyer is always right, can't get better than free
  • numbersmannumbersman Posts: 1,039 ✭✭✭✭
    currency collectors tend to brush their teeth and shower
    Collector of numeral seals.That's the 1928 and 1928A series of FRNs with a number rather than a letter in the district seal. Owner/operator of Bottom Line Currency
  • gnatgnat Posts: 392 ✭✭✭
    Originally posted by: numbersman

    currency collectors tend to brush their teeth and shower




    Glad I wasn't drinking anything when I read this. Too funny.





    One might also consider that nearly all US type coins are merely widgets. With few exceptions (rarities and rare grades), you could replace or form a collection in short order and with little difficulty. With so many actual examples of any coin at a given grade, price levels are more definite and thus maybe those few bucks difference may be perceived as important. Or maybe they are just cheap?

  • goldengolden Posts: 9,608 ✭✭✭✭✭
    Originally posted by: numbersman
    currency collectors tend to brush their teeth and shower


    image
  • 2ndCharter2ndCharter Posts: 1,657 ✭✭✭✭✭
    I've never seen a currency dealer behind a bourse table in a mustard-stained shirt - can't say that about coin dealers!

    Member ANA, SPMC, SCNA, FUN, CONECA

  • TookybanditTookybandit Posts: 3,412 ✭✭✭✭
    image
  • sellitstoresellitstore Posts: 2,870 ✭✭✭✭✭
    Easy now.

    Some of us started as coin dealers and evolved.

    Yes, currency collectors are a nicer group in several ways.
    Collector and dealer in obsolete currency. Always buying all obsolete bank notes and scrip.
  • synchr, some folks you can never reason with.

    ==

    image
    Looking for CU $1 FRN 05232016 - any series or block. Please PM
    Looking for CU $1 FRN 20160523 - any series or block. Please PM

    Retired

  • ConstantineConstantine Posts: 2,368 ✭✭✭
    Originally posted by: Tookybandit

    image




    Giving her a feel, just wouldn't feel right.



  • mfontesmfontes Posts: 146 ✭✭✭
    I just shipped a gas pump computer to Georgia for restoration. The shipping charge was only $80 and my response was AAAAHHHHHH! Shipping costs are off the chart and we know with ebay fees and a modest shipping charge people still complain. Hey its only money right image
  • Currency dealers have sent me notes on consignment. No coin dealer ever did that with coins.

    My worst experiences have been trying to buy currency from coin dealers.
  • TootawlTootawl Posts: 5,877 ✭✭✭
    What about people who collect both paper and metal discs, like me?

    I know I'm really asking for it now!
    PCGS Currency: HOF 2013, Best Low Ball Set 2009-2014, 2016, 2018. Appreciation Award 2015, Best Showcase 2018, Numerous others.
  • Originally posted by: Tootawl

    What about people who collect both paper and metal discs, like me?



    I know I'm really asking for it now!




    Tootawl, not a problem and we'll not castigate you -- we'll just try to continue your education in the currency brotherhood.

    Lesson 1: don't admit you collect the metal discs. LOL image



    Edit: It has always been my contention that currency collectors are a cut above because what they collect has ZERO intrinsic value. You can't melt Silver Certificates or Gold Notes!

    Looking for CU $1 FRN 05232016 - any series or block. Please PM
    Looking for CU $1 FRN 20160523 - any series or block. Please PM

    Retired

  • synchrsynchr Posts: 1,401 ✭✭✭✭
    Originally posted by: techwriter
    synchr, some folks you can never reason with.
    ==

    Per good advice, I am killing them with kindness - offered free shipping to them!

    If I get two strong bidders then all else is fodder




    Originally posted by: techwriter
    Originally posted by: Tootawl
    What about people who collect both paper and metal discs, like me?

    I know I'm really asking for it now!


    Tootawl, not a problem and we'll not castigate you -- we'll just try to continue your education in the currency brotherhood.
    Lesson 1: don't admit you collect the metal discs. LOL image

    Edit: It has always been my contention that currency collectors are a cut above because what they collect has ZERO intrinsic value. You can't melt Silver Certificates or Gold Notes!
    Currency collectors just have faith in the value!
  • STLNATSSTLNATS Posts: 1,601 ✭✭✭
    Originally posted by: techwriter

    Edit: It has always been my contention that currency collectors are a cut above because what they collect has ZERO intrinsic value. You can't melt Silver Certificates or Gold Notes!





    By this logic baseball (and other types of) card and pog collectors make the highest cut of all. They collect things with no intrinsic nor face value at all. Interesting perspective.





    Originally posted by: sellitstore



    Some of us started as coin dealers and evolved.





    Evolution can end in unexpected results: sometimes you end up with monkeys.



    Always interested in St Louis MO & IL metro area and Evansville IN national bank notes and Vatican/papal states coins and medals!
  • STLNATSSTLNATS Posts: 1,601 ✭✭✭
    Originally posted by: 2ndCharter

    I've never seen a currency dealer behind a bourse table in a mustard-stained shirt - can't say that about coin dealers!




    But I have seen currency dealers handling/holdering raw notes while enjoying a tasty lunch of finger foods. Seen coin dealers do the same thing altho easier to ameliorate the residue from the shiny disks with less impact.



    Another thought it was a great idea to put his lunch atop their case only to turn over their soda - with unfortunate result for some of their inventory - it's amazing how quickly holders can wick liquid right into the edges of the encased notes.



    Always interested in St Louis MO & IL metro area and Evansville IN national bank notes and Vatican/papal states coins and medals!
  • Originally posted by: STLNATS

    Originally posted by: 2ndCharter

    I've never seen a currency dealer behind a bourse table in a mustard-stained shirt - can't say that about coin dealers!




    But I have seen currency dealers handling/holdering raw notes while enjoying a tasty lunch of finger foods. Seen coin dealers do the same thing altho easier to ameliorate the residue from the shiny disks with less impact.



    Another thought it was a great idea to put his lunch atop their case only to turn over their soda - with unfortunate result for some of their inventory - it's amazing how quickly holders can wick liquid right into the edges of the encased notes.







    Funny you should bring that up.... I once saw a paper money dealer that had a tray from some kind of school or airplane or something. Weird bulky tray that had food and drink in cutouts in the tray. One spot was big enough to hold a paper plate. I asked about it and he said he got it from a surplus restaurant supplier sale. He wasn't sure what it's use was other than than it really kept things from spilling out. To me it looked like a tray from a high chair for a baby or maybe a tray used in a prison. Said he's used it for years and never had a problem with spilling anything.

    Come and see a forgotten piece of history.....

    http://www.depressionscrip.com



    Always looking for more depression scrip -- PM me if you have any for sale or trade
  • synchrsynchr Posts: 1,401 ✭✭✭✭
    More auctions ended and one buyer with the same old complaint, "why is shipping so high?" I looked at my charge of $10.60 USPS Priority which included insurance on $876 total value. I quickly ran the numbers in Ebay shipping and that high of an insurance rate costs me $20.38 in postage&ins not the $10.60 that Ebay calculated.

    Since he hadn't paid yet I as able to send him a revised invoice with actual and a note that I do not profit from s&h&i but if he would send me writtem acceptance of ALL responsibility then I would ship without insurance and we could delete those costs.

    Originally posted by: synchr
    Haven't touched my coins in 20 years so blowing them out in true auctions, $0.99 start and no reserve on ebay so I can afford more currency.

    The first wave of 10 coins sold and I have received no less than 4 emails contacting me about allegedly high s&h rates. One guy is complaining that I charged $10.90 for s&h&ins his two wins together but it does not look like s&h is being combined.

    When I politely broke it down for him with the new Jan. 1 USPS rates and insurance it is costing me a total $10.67. His response was even more heated. I sent an apology but I am only trying to be fair.'

    A different buyer wrote me and stated "Before I bid on any of your other coins, just so I understand and can adjust my bid accordingly, you do not offer combined shipping, correct?" I thanked him for his two coin wins from last night and prompt payment then pointed out that he paid within $0.40 of what USPS charged me.

    GEEEZ!
    I have never had currency guys act this way, are coin guys on Ebay unfair or what?


  • luckybucksluckybucks Posts: 1,318 ✭✭✭
    Originally posted by: Tootawl

    What about people who collect both paper and metal discs, like me?



    I know I'm really asking for it now!




    Yes you are !!! ;c) ........ I am guilty of collecting those metal discs too.



    There is just something special about a rainbow toned Merc, SLQ, or Walker that makes it hard not to want them.



  • Jim61Jim61 Posts: 986 ✭✭✭
    Originally posted by: Tootawl

    What about people who collect both paper and metal discs, like me?



    I know I'm really asking for it now!




    Hummm. Not from me!


    Jim61

    Looking for $1 CU FRN radar 16566561 - NOT ANY MORE, THANK YOU delistamps and TheRock!

    Looking for $1 CU FRN radar 16977961.

    Looking for $1 CU FRN 99999961 - NOT ANY MORE, THANK YOU delistamps!

    Looking for $50 FRN 00000061
  • Exceedingly few collectors of common round metallic disks have or have ever found anything remotely approaching rare. Line up three dozen coin collectors and have them try and complete a series where the pops on some notes are in the twenties - they'll run back to their safe & easy to find stuff. But to each their own.....
    The above is my two cents worth - adjusted for inflation, YOU OWE me money. Please pay promptly.

    SPMC LM #371
  • synchrsynchr Posts: 1,401 ✭✭✭✭
    Originally posted by: Omega32
    Exceedingly few collectors of common round metallic disks have or have ever found anything remotely approaching rare. Line up three dozen coin collectors and have them try and complete a series where the pops on some notes are in the twenties - they'll run back to their safe & easy to find stuff. But to each their own.....


    If I understand your comment, currency has far more depth and intricacies requiring more skill and knowledge in the collecting
  • STLNATSSTLNATS Posts: 1,601 ✭✭✭
    I guess I missed it but didn't realize there was such an acrimonious rivalry between coin and currency collectors. Too busy trying to find stuff and understand the pieces (coins and currency and other financial items btw) in my collection I suppose.



    currency has far more depth and intricacies requiring more skill and knowledge in the collecting



    Nah, depends on the series so not really an accurate generalization. US large cents and bust coinage, by variety, and any number of ancient and medieval coinage series require as much, if not more, "skill and knowledge" as any series of currency (and perhaps proportionally as many rarities). One of the huge advantages of (US especially) currency collecting vs many areas of numismatics is that there is generally extensive documentation of varieties, why certain issues exist, etc. And more and more info is coming to light every day as government records, proof sheets, etc are studied and results published. I've found several delightful surprises in the Smithsonian NBN proof sheets which were just setting there waiting patiently for someone to look at them. Not possible with my collection of Roman folles of the tetrarchy, for instance, where scholars have argued about even the basic demographics of the coins for at least a century. Tons of knowledge and skill required to put together the limited and widely scattered evidence into a coherent and convincing system.



    To paraphrase, line up three dozen currency collectors and have them try to collect, or even figure out, some hammered coinage and see how quickly they run back to their safe and easy chiefs, buffaloes and black eagles. Certainly an equally unfair generalization.
    Always interested in St Louis MO & IL metro area and Evansville IN national bank notes and Vatican/papal states coins and medals!
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