For anyone buying a 64 at 66 prices, that buyer best know his coins, how to grade them, feel highly confident in his buying decision and see the upside to such a transaction. For myself, I know my nickels and I sell them how I deem them worthy and for most sales, they have agreed with me on the quality and price I ask for them. But it's here where I see the fall out of such coins. Buyers for exceptional quality are as rare as hen's teeth. I'm experimenting with something different through my website with such coins, removing them entirely from the limelight and only offering when necessary. I too have sold coins a grade or two higher than what a TGS has rendered. But I also have and will continue to point out when a coin is overgraded and sell it for less, maybe. I'm personally not wasting my time and money for an opinion that has demonstrated to fail many times and has less experience than my number of years. I just recently witnessed another fail at the CSNS Heritage auctions I won't go into, to each their own. But the buyer must possess a high grading ability that can only come with years of experience and those collectors are seldom encountered from my prospective. The only thing I disagree with in Julian's post is when he says he's not selling the coin or any coin as an investment. My opinion is, any coin, is an investment upon itself........ok, were right back to having that experience in grading the coin and paying the right price for it. Whether you pay a quarter for that common VF Lincoln cent or $34 grand for the 1880-O PCGS MS64 Morgan, the coin itself in an investment. Just don't overpay if you don't understand quality within a series. It's that simple.....well, it's not........you do need to have the know-power, experience. As for the family holding the bag after all the cowknows have vanished, that's a tough one. Hopefully someone in the family takes up coin collecting and too, comes to the understanding on............how to grade and price coins.
The more qualities observed in a coin, the more desirable that coin becomes!
I thought that I have said way too much on this post, but:
<<Most collectors are weirdos , the whole business sort of revolves around that. >>
And I now know why women just don't seem to relate to me. But dealers definitely reside on their very own Numismatic Planet in a Galaxy far, far away........ connected to collectors only through PCGS or through a psychic medium that seems to confuse reality with a free market system.
OINK
P.S. Julian is getting a LOT of advertising benefit from this thread. God bless him, for he means no wrong.
I bought a coin for 50$ and promptly sold it to the dealer for 150 who then promptly listed it on ebay for 1000 where it sat for over a year. It was interesting.
<< <i>I bought a coin for 50$ and promptly sold it to the dealer for 150 who then promptly listed it on ebay for 1000 where it sat for over a year. It was interesting. >>
<< <i>I bought a coin for 50$ and promptly sold it to the dealer for 150 who then promptly listed it on ebay for 1000 where it sat for over a year. It was interesting. >>
...Thank God coins do not expire
Erik >>
Actually the coin is still there on ebay. But the price has dropped by half price. So that would make 3 years the coin has been listed. I wont say the price is fair or unfair as Ive stated one can charge what they want. But I am curious if at some point its more advantageous to move inventory around.
Comments
<< <i><<If you are not capable of grading coins, your logic makes sense,
>>
I cannot grade PF66 and 67 IHC's from online photos, and maybe not even in hand. Can you?
OINK >>
Nope, Copper is not my series.
But the buyer must possess a high grading ability that can only come with years of experience and those collectors are seldom encountered from my prospective.
The only thing I disagree with in Julian's post is when he says he's not selling the coin or any coin as an investment. My opinion is, any coin, is an investment upon itself........ok, were right back to having that experience in grading the coin and paying the right price for it. Whether you pay a quarter for that common VF Lincoln cent or $34 grand for the 1880-O PCGS MS64 Morgan, the coin itself in an investment. Just don't overpay if you don't understand quality within a series. It's that simple.....well, it's not........you do need to have the know-power, experience.
As for the family holding the bag after all the cowknows have vanished, that's a tough one. Hopefully someone in the family takes up coin collecting and too, comes to the understanding on............how to grade and price coins.
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
<< <i> Most collectors are weirdos , the whole business sort of revolves around that. >>
Bronco, that is brilliant!
If anyone buys his $1500 1880-O Morgan for $34500, give me a call. Boy do I have some deals for you!
<< <i>If anyone buys his $1500 1880-O Morgan for $34500, give me a call. Boy do I have some deals for you! >>
That's funny
<< <i>Most collectors are weirdos , the whole business sort of revolves around that.
THIS is the quote of the year !
<<Most collectors are weirdos , the whole business sort of revolves around that. >>
And I now know why women just don't seem to relate to me. But dealers definitely reside on their very own Numismatic Planet in a Galaxy far, far away........ connected to collectors only through PCGS or through a psychic medium that seems to confuse reality with a free market system.
OINK
P.S. Julian is getting a LOT of advertising benefit from this thread. God bless him, for he means no wrong.
<< <i>I bought a coin for 50$ and promptly sold it to the dealer for 150 who then promptly listed it on ebay for 1000 where it sat for over a year. It was interesting. >>
...Thank God coins do not expire
Erik
<< <i>
<< <i>I bought a coin for 50$ and promptly sold it to the dealer for 150 who then promptly listed it on ebay for 1000 where it sat for over a year. It was interesting. >>
...Thank God coins do not expire
Erik >>
Actually the coin is still there on ebay. But the price has dropped by half price. So that would make 3 years the coin has been listed. I wont say the price is fair or unfair as Ive stated one can charge what they want. But I am curious if at some point its more advantageous to move inventory around.