I sold 2 red books in the shop today. I'm a grumpy old dealer too. Both guys paid with the $20 paper notes, and I handed them four silver dimes each in change. Melt value equaled $5.28 @ today's prices. $1.32 per dime. But they looked them up in the red book and figured the books were about free since the numismatic values were greater.
They were looking for 2017 Eagles but I have to buy more because I ran out. This drives me crazy dealing bullion. The margins are too thin and the buyers want us to let it go for spot. I buy my material from Walk-in, call in, and shut-ins. And I deal with the refinery for selling scrap and buying PMs in bulk. My accountant wants to know how I can spend so much and make so little. I just tell him I lose on eBay but will make it up doing volume. ( he laughs)
Folks say they find me on Google. I tell them I'm googlish ( they groan) It's busy in the shop, occasionally. Some days more than others.
The worst part of a B&M isn't buying or appraising estates. The worst part is meeting so many who don't care a thing about what their deceased loved ones collected throughout their lives.
Oh the hobby and market will always thrive and go on.
Enjoy and have a good time.
I hope your children take up the hobby. Mine didn't.
Future collectors will do what they want and aren't necessarily constrained by our (oldster) collecting experiences. They don't have to go to shows. They don't have to freak about resale values. They don't have to join any organizations. The only thing I can guarantee is that their experience will be significantly more online than ours. And that is going to look different, and not necessarily what we think it should look like. Let's stick around as leaders and guide accordingly, but we do not have to dictate how the next generation experiences collecting.
I went to Comicon 30 years ago and the situation is radically different today. Numismatics may well similarly diverge. I want to emphasize what I think are timeless aspects - scholarship and social interaction. I'm going to push those themes, and the next folks coming up will sort out the rest.
@savoyspecial said:
I hope you are the exception to this, but I have noticed a lot of younger online "dealers" who burn white hot for about a year and then disappear
Ive seen that with older new show dealers as well. Especially within the toner segment. Here one day gone another...
@Justacommeman said:
And the most important slide of them all. Think about it.
mark
Yep. 150 times a day. Every 576 seconds. Every 9.6 minutes. Check that phone. It's OCD or training the masses. It really is a strange behavior. The obsession with the phone. Crazy. Not a mobile phone owner.
Just popping in to mention that I was angered when paypal sent an email advertising Nov. 11th as "Single's Day" instead of Veteran's Day. The slide shown above reminded me of that. /End rant
@ChrisH821 said:
Just popping in to mention that I was angered when paypal sent an email advertising Nov. 11th as "Single's Day" instead of Veteran's Day. The slide shown above reminded me of that. /End rant
Comments
I sold 2 red books in the shop today. I'm a grumpy old dealer too. Both guys paid with the $20 paper notes, and I handed them four silver dimes each in change. Melt value equaled $5.28 @ today's prices. $1.32 per dime. But they looked them up in the red book and figured the books were about free since the numismatic values were greater.
They were looking for 2017 Eagles but I have to buy more because I ran out. This drives me crazy dealing bullion. The margins are too thin and the buyers want us to let it go for spot. I buy my material from Walk-in, call in, and shut-ins. And I deal with the refinery for selling scrap and buying PMs in bulk. My accountant wants to know how I can spend so much and make so little. I just tell him I lose on eBay but will make it up doing volume. ( he laughs)
Folks say they find me on Google. I tell them I'm googlish ( they groan) It's busy in the shop, occasionally. Some days more than others.
The worst part of a B&M isn't buying or appraising estates. The worst part is meeting so many who don't care a thing about what their deceased loved ones collected throughout their lives.
Oh the hobby and market will always thrive and go on.
Enjoy and have a good time.
I hope your children take up the hobby. Mine didn't.
Future collectors will do what they want and aren't necessarily constrained by our (oldster) collecting experiences. They don't have to go to shows. They don't have to freak about resale values. They don't have to join any organizations. The only thing I can guarantee is that their experience will be significantly more online than ours. And that is going to look different, and not necessarily what we think it should look like. Let's stick around as leaders and guide accordingly, but we do not have to dictate how the next generation experiences collecting.
I went to Comicon 30 years ago and the situation is radically different today. Numismatics may well similarly diverge. I want to emphasize what I think are timeless aspects - scholarship and social interaction. I'm going to push those themes, and the next folks coming up will sort out the rest.
150x/day!!! No wonder young people don't read books as much as in the 'old days'.
I may get a stupid flip phone again....and go back to candles.
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
Great post, Owen! Collecting is alive and well.
Instagram: @bmgcoinsandcurrency
Ive seen that with older new show dealers as well. Especially within the toner segment. Here one day gone another...
Yep. 150 times a day. Every 576 seconds. Every 9.6 minutes. Check that phone. It's OCD or training the masses. It really is a strange behavior. The obsession with the phone. Crazy. Not a mobile phone owner.
Just popping in to mention that I was angered when paypal sent an email advertising Nov. 11th as "Single's Day" instead of Veteran's Day. The slide shown above reminded me of that. /End rant
Collector, occasional seller
The Western "Singles Awareness Day" is Feb 14.