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Did you know that "most collectors are high-profile business executives with lots of money?"
CaptHenway
Posts: 32,710 ✭✭✭✭✭
According to a Heritage spokesman quoted in Friday's Denver Post in a story about the ANA convention:
http://www.denverpost.com/2017/07/27/1-billion-rare-coins-denver-convention/
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
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Comments
Silly.
mark
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......
Most ... nope.
Hmmm. Maybe Heritage is making all their employees read The Secret, and they're hoping to manifest some new whales.
What is now proved was once only imagined. - William Blake
That quote sure is not going to create new collecors or many for tha ANA since this appears in general media or maybe not as not familar with it or what type of circulation it has
If that is the one article published about the ANA show they failed in the area of coin collecting for everbody .
High profile ? Can anybody name somebody of that status who does collect and admits to it.
"Most collectors worth their salt?" Is that what that was inferring?
Insert witicism here. [ xxx ]
I can name a couple, but I know a lot more who are successful, but keep a low profile. They tend to be the smarter ones.
What is now proved was once only imagined. - William Blake
Notice that statement is not in quotation marks. Just another journalist trying to fill space by paraphrasing. Be careful what you infer from statements like that.
Only way to keep a low profile with this hobby = Never share a specific coin knowledge nor let the public know which series you're collecting.
Now we just need to imply reverse causation. Start collecting coins and you will be a high profile executive with lots of money! Get some new collectors.
Heritage is promoting their auction on behalf of their connsignors. Why would they not promote our hobby in a positive manner?
OINK
The article is talking about $70k to million dollar coins. Perhaps that quote was in the context of the coins being discussed.
I can tell you from personal experience, I'm not
EAC 6024
Not coin collector the only high profile of a collectiable is Keith Olberman formerly MSNBc is well known collector of early 1800 and later baseball cards
They called it a penny. Ouch.
Fan of the Oxford Comma
CCAC Representative of the General Public
2021 Young Numismatist of the Year
So does this mean there is a promotion in the works?
Experience the World through Numismatics...it's more than you can imagine.
I'm going to give him a pass and assume it was taken out of context and it was geared toward the subject super coins.
Otherwise it would be an ignorant thing to say.
"If I say something in the woods and my wife isn't there to hear it.....am I still wrong?"
My Washington Quarter Registry set...in progress
Your kidding.
If true where are they on the bourse?
Well off execs know the angles of equity markets well enough to make money they would not fool with coins except probably like that guy in Billions with a safe full of cash and rolls of Gold Bullion Coins. I could see one putting together a slab box or several of PCGS Double Eagles.
Buy super coins? I will take the Cali girl college sugar baby cheerleader instead along with my yacht, super and sports car collection, properties, and plane.
Well I'm definitely not one of the "Most Collectors" then
No, but I do have four stars here on the forums. That means I'm kind a big deal, right?
Collectors willing to spend $500,000 for the Birch cent.
The Mysterious Egyptian Magic Coin
Coins in Movies
Coins on Television
"But during that period was made and a few copper cents got through because the metal was still left in the minting machines. "
"She expects to graduate in May 2018 with undergraduate degrees in journalism and economics."
you guys are being way, way too critical and sort of missing the context of the whole statement.
they're talking about possible multi million dollar coins and others valued in the hundreds of thousands of dollars, so the point seems realistic. also, I suppose Mr. Stone at Heritage knows who the clients/bidders are which is probably what the statement was based on.
I just don't read the article and the context of the statement to mean ALL or MOST participants in the Hobby are what he's referring to.
keets and sparky make good points on context. I just reread it from a different perspective and I see where they are coming from
And yes there are several low profile guys with huge checkbooks from the corperate world who have quietly amassed tremendous collections
mark
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......
Forget the promotion... I forgot about the lots of money part.
Experience the World through Numismatics...it's more than you can imagine.
Don't blow it out of the water. ANA releases press packets with highlights and story ideas. Journalists take these or stories and try to make them as interesting and sensational for readership. It's how it works in the media game. I think that getting any press coverage for a show is good and of course advanced collectors who are on these boards can dissect it but try not to... my feeling it's a plus to the hobby not a negative in any way
Only a Buffett or Gates can cover Heritage's shipping fees.
One of the guys who WAY out ranks my type set in the registry ATS was once the president of Frito Lay.
As for me, I never made it past middle management.
Makes me feel better about myself already.
it's crackers to slip a rozzer the dropsy in snide
Yes, and they don't even wrap your package in gold foil paper at those prices.
In my own mind
Only a Buffett or Gates can cover Heritage's shipping fees.> @BillJones said:
Lot of dupes in his set...he could never buy just one.
The way I rationalize the high auction shipping prices is that it would cost me a lot more to travel to the auction site.
Besides after getting beat up in the auction by the "yahoo bidders," the shipping costs seem like chump change.
No actually he has a lot of high end Proofs that bring him more registry points than you could ever imagine. The system is also very much stacked against the better type coins in the collector grades. For example a MS-67, Full Head 1917 Type I quarter gets more registry points than a 1796 Quarter in VF-25, despite the fact that the price from the Standing Liberty quater is only faction of that for the much rarer 1796.
The point system over there is rigged in favor of high grade modern coins.
I think Glicker was being coy with Frito Lay and playing off of", no one could eat just one".
mark
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......
Oh I know that. I was just explaining how do get the top of the heap over there. You don't need to have nice pieces for the really tough coins, like anything early, or coins like the Gobrecht Dollar. You can have AG-03 coins for those. One guy even put an 1804 Restrike in the slot for the Draped Bust Cent (1796 - 1807). That was okay with NGC despite the fact that thing has the wrong reverse for the type.
All you need is a bunch of mid 19th century to mid 20th century coins in MS-67, and you will be close to #1.
The trouble is Mr. Frito Lay has everything in high grade except the 1796-7 half dollar. He does not have one of those. So he beats the guys who jobbed the system too. His collection should be ahead the system jobbers. It's clearly better.
If this were the case the PCGS price index would be at least double what it is now
not ones like me, that just have a case of OCD
Hmmmm... 'High profile business executives with lots of money'.....Really?? Well, yes, there are some... If there were not, many coins would be much cheaper.
However, 90%+ of the collecting community will not fit that description.... Journalism today no longer maintains the high standards of yesteryear.... Cheers, RickO
This is a silly thread. He was obviously referring to who would be the kind of collector who can afford a Birch cent or copper 43 cent.
The guy from Heritage should come here and defend or clarify that comment. Of course, high roller collectors are the ones who make the news, so there's that.
Does anybody care ?
``https://ebay.us/m/KxolR5
I doubt this is true as many retired people that have gotten kids through school and burned their mortgage note buy many coins. People that were born into money are probably a large percentage of the collectors of coins costing five figures and above.
Given both NGC and PCGS have slabbed numerous expensive coins there are not enough "highly compensated" exes to buy the majority. Foreign buyers may well own expensive, higher grade coins as they are U.S. dollar denominated in the states and this country is the best place to park money if one lives in a country that has a history of seizing private sector assets.
Coin dealers hold a large number of high end coins at any given time as well.
Mid level execs don't make as much as you may think after taxes are factored in.
I don't think mid-level execs are who is being referred to because David Stone said "high-profile business executives" and many mid-level execs are not high profile. I'm guessing he's talking more of people like the President of Frito Lay mentioned by Bill and the owner of the Texas Rangers who's collection is often in the news.
All of them collect coins but I would imagine most of these guys collect them to spend. If they were high end and heavy hitting collectors word would get out. I think retired people are the largest group based on our coin club demographics.
I'm a low profile collector with NO money.
Suits me just fine.
Pete
I find most people coming into shows are doing good to have $300 in their pocket and many head straight to the table of a major bullion dealer.
I have 5 stars......does that mean I am a "bigger" deal??
More years ago than I'd care to count, I tried to convince my dad that (some) coins would eventually be regarded as art.
I still think that, but mainly for the coins that are above my present pay grade.
In the field of art, even MAJOR coins are very cheap.
It's easier to share and enjoy art. Art is displayed for all to see, whether a painting on a wall or a sculpture on a pedestal. Coins are often put in SDBs.
I think one way to have coins turned into art is to have TrueViews and other high resolution photos printed on canvas and hung on walls.