Make a list of EVERYTHING I own (not just coins) and ask WHY DO I HAVE THIS? If the answer is ???, it is leaving in 2016. (Family members marginally exempted)
Make a list of EVERYTHING, and don't buy it again, because I am not sure if I have it or not.
Biggest:
Put the emergency kit (couple flashlights, reflective orange jackets, padded gloves, Bright helmets, pry bars, in the safe room. I am in the Dallas Collin Country area, and we got hit hard Saturday. At least 4 of my wife's employees have family members who lost homes, and I have 5 acquaintances, ex-corkers, people who I do business with, etc. with damaged or destroyed homes. No one we know is injured, which is the best news. The fatal tornado track was just barely to the east, 2 1/2 miles. It was not fun grabbing everything, and 3 VERY upset Collies, and shoving everyone into a 4' x 4' room. The tornado sirens went off 3 times that night. My wife endured being in a home severely damaged as a child in Kansas, as a child.
Glad to hear everyone you know is unscathed, it's terrible to see that happen to others. Most possessions can be replaced and that is what insurance is for....lives cannot be replaced.
I'm also glad to hear you and your loved ones are well. That was a scary looking tornado. Lives are what matter in the end. Everything else can be replaced.
Just saw a clip from a guy who was on FaceTime with his wife when her car was lifted up by the tornado for a fatal landing. This past year, I was driving through a tornado warning area while other cars were parked under bridges. May be worth stopping if it happens again.
Today I went Kayak Fishing instead of looking at or for coins. There is more to life than coins.
Well, started off before sunrise went thru the waves and had to jump off to avoid a huge wave and got soaked over my head. Made it thru the surf to the fishing grounds cold and wet.
Today ended being the best day of fishing in my life!!!!!!!!, well worth a day away from coins ...............
Today I went Kayak Fishing instead of looking at or for coins. There is more to life than coins.
Well, started off before sunrise went thru the waves and had to jump off to avoid a huge wave and got soaked over my head. Made it thru the surf to the fishing grounds cold and wet.
Today ended being the best day of fishing in my life!!!!!!!!, well worth a day away from coins ...............
You can't leave it at just that! What did you catch??? Sounds like a great day.
2015 was a great year for me both numismatically and in my personal life. I have matured and I have become healthier, happier and wiser albeit a bit older. But I continue to evolve and have learned what I must do to become better and better.
Most coin lessons were already learned but I feel that I have learned that small goals should always be celebrated, as a lot of small goals will yield to bigger goals and the triumph of achievement. This is true in life, as well.
Patience and persistence are key, also.
Knowledge is king---that is why I like spending time here. You are never too old to learn more and more.
I am truly thankful and I feel blessed.
I have learned to appreciate EVERYTHING that you have no matter where you are in your life or collecting goal, b/c if you don't you will NEVER be happy. There's nothing wrong with continuing to improve but you MUST appreciate.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
For me, it was more of a reinforcement than a new lesson - and it stands out with me because it only happened within the last 2 months... No matter the holder; no matter how the coin looks in the seller's photos; no matter that it comes with the coveted bean; and no matter how much the seller touts its "freshness"; the coin can still turn out to look very underwhelming in hand.
With this in mind, one can keep the level of potential disappointment at a more manageable level.
I've had several experiences in the past year that convinced me that counterfeiting is a bigger threat to this hobby than most people realize.
Can you relate any specifics about the experiences you had?
I had one coin fool me that caught me off guard.
I saw another group of coins that fooled both TPGs, and could easily have fooled anyone if not presented individually.
And I had a coin that I believe to be real, but which I surprisingly could not get authenticated (or condemned) by a TPG because they were unsure and scared.
Finally, I found myself increasingly unsure about some things that normally would not have been a problem. Most commonly, these questionable coins were repaired and/or resurfaced to an extent that made authentication problematic.
I can envision the day when many more coins are deemed to be "authenticity unverifiable". That scares me, and it has had an impact on my willingness to buy certain coins, raw and slabbed.
Andy Lustig
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
2015 was a good year for me coinwise. I think the lesson I learned - well really more like reinforced - is if you see a coin that really, really jumps out at you in a case or in auction, take a good look at it and step away for a bit. After some pondering and thinking, if not having *that* coin really bothers you and everything else lines up (budget, grade, eye appeal) then go back and pull the trigger. I've ended up with many a nice coin that way, with no regrets, even after viewing many other nice ones over the years.
2015 was a good year for me coinwise. I think the lesson I learned - well really more like reinforced - is if you see a coin that really, really jumps out at you in a case or in auction, take a good look at it and step away for a bit. After some pondering and thinking, if not having *that* coin really bothers you and everything else lines up (budget, grade, eye appeal) then go back and pull the trigger. I've ended up with many a nice coin that way, with no regrets, even after viewing many other nice ones over the years.
I find that if it takes me more than 30 seconds to decide if I want the coin then I should pass. Maybe it is because I am very focused on a small niche area of the market. Leaving special coins while I think about it would probably mean that someone else snaps them up by the time I've returned.
2015 was a good year for me coinwise. I think the lesson I learned - well really more like reinforced - is if you see a coin that really, really jumps out at you in a case or in auction, take a good look at it and step away for a bit. After some pondering and thinking, if not having *that* coin really bothers you and everything else lines up (budget, grade, eye appeal) then go back and pull the trigger. I've ended up with many a nice coin that way, with no regrets, even after viewing many other nice ones over the years.
I find that if it takes me more than 30 seconds to decide if I want the coin then I should pass. Maybe it is because I am very focused on a small niche area of the market. Leaving special coins while I think about it would probably mean that someone else snaps them up by the time I've returned.
I'm with you on that. I can decide pretty quickly on a coin, less than a minute for sure.
But now I'm learning price sensitivity and to walk away. I think this is a byproduct of having more than six figures worth coins in my collection...funds are not unlimited and if I decide to change collecting interests I don't want to lose 20%-40% of my investment if I need to liquidate quickly.
So now I decide quickly on whether or not I like, and equally quickly as to whether or not I'm actually going to bid on/buy.
Today I went Kayak Fishing instead of looking at or for coins. There is more to life than coins.
By an interesting coincidence, today I looked at and for coins instead of going kayak fishing, because there is more to life than kayak fishing, and I went over to the kayak fishing forum to tell them so!
Just kidding, actually, yesterday I tried snowboarding for the first time at the age of 48 years young. Been a skier for 34 years, thought it was time to see what all the fuss was about, and WHAT a BLAST!!
For coins, I'm becoming ever more selective. In fact, I'm so discriminating, there are NO coins currently offered anywhere on the planet that meet my criteria for the quality/cost ratio.
Originally posted by: CalGold A real man doesn’t need stickers Anyone with any sense in today’s market buys only coins with stickers Only my opinion counts No one cares about my opinion Don’t buy at auction -- there are better deals on the bourse There is nothing to buy on the bourse The auctions are full of dealer retreads and other dreck The bourse is full of dealer retreads and other dreck Only buy nice coins There are no nice coins to buy If you buy at auction you are paying more than anyone else in the world is willing to pay If you buy from a dealer you are paying more than anyone else in the world is willing to pay plus the dealer’s mark-up Build relationships with dealers—they will educate you about coins Dealers will tell you anything to make a sale The new forum software has killed the forum The new forum software is not a problem
Happy New Year
CG
Happy new year to you too!
Bah humbug!
Andy Lustig
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Comments
My lesson:
Make a list of EVERYTHING I own (not just coins) and ask WHY DO I HAVE THIS? If the answer is ???, it is leaving in 2016. (Family members marginally exempted)
Make a list of EVERYTHING, and don't buy it again, because I am not sure if I have it or not.
Biggest:
Put the emergency kit (couple flashlights, reflective orange jackets, padded gloves, Bright helmets, pry bars, in the safe room. I am in the Dallas Collin Country area, and we got hit hard Saturday. At least 4 of my wife's employees have family members who lost homes, and I have 5 acquaintances, ex-corkers, people who I do business with, etc. with damaged or destroyed homes. No one we know is injured, which is the best news. The fatal tornado track was just barely to the east, 2 1/2 miles. It was not fun grabbing everything, and 3 VERY upset Collies, and shoving everyone into a 4' x 4' room. The tornado sirens went off 3 times that night. My wife endured being in a home severely damaged as a child in Kansas, as a child.
Glad to hear everyone you know is unscathed, it's terrible to see that happen to others. Most possessions can be replaced and that is what insurance is for....lives cannot be replaced.
I'm also glad to hear you and your loved ones are well. That was a scary looking tornado. Lives are what matter in the end. Everything else can be replaced.
Just saw a clip from a guy who was on FaceTime with his wife when her car was lifted up by the tornado for a fatal landing. This past year, I was driving through a tornado warning area while other cars were parked under bridges. May be worth stopping if it happens again.
Well, started off before sunrise went thru the waves and had to jump off to avoid a huge wave and got soaked over my head. Made it thru the surf to the fishing grounds cold and wet.
Today ended being the best day of fishing in my life!!!!!!!!, well worth a day away from coins ...............
Today I went Kayak Fishing instead of looking at or for coins. There is more to life than coins.
Well, started off before sunrise went thru the waves and had to jump off to avoid a huge wave and got soaked over my head. Made it thru the surf to the fishing grounds cold and wet.
Today ended being the best day of fishing in my life!!!!!!!!, well worth a day away from coins ...............
You can't leave it at just that! What did you catch??? Sounds like a great day.
maybe I have learned most of them in the past....However, it has been an interesting
year.... in many aspects... and mostly a great year. Cheers, RickO
Most coin lessons were already learned but I feel that I have learned that small goals should always be celebrated, as a lot of small goals will yield to bigger goals and the triumph of achievement. This is true in life, as well.
Patience and persistence are key, also.
Knowledge is king---that is why I like spending time here.
I am truly thankful and I feel blessed.
I have learned to appreciate EVERYTHING that you have no matter where you are in your life or collecting goal, b/c if you don't you will NEVER be happy. There's nothing wrong with continuing to improve but you MUST appreciate.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
With this in mind, one can keep the level of potential disappointment at a more manageable level.
Wishing you all a prosperous 2016 -
'dude
I've had several experiences in the past year that convinced me that counterfeiting is a bigger threat to this hobby than most people realize.
Can you relate any specifics about the experiences you had?
I had one coin fool me that caught me off guard.
I saw another group of coins that fooled both TPGs, and could easily have fooled anyone if not presented individually.
And I had a coin that I believe to be real, but which I surprisingly could not get authenticated (or condemned) by a TPG because they were unsure and scared.
Finally, I found myself increasingly unsure about some things that normally would not have been a problem. Most commonly, these questionable coins were repaired and/or resurfaced to an extent that made authentication problematic.
I can envision the day when many more coins are deemed to be "authenticity unverifiable". That scares me, and it has had an impact on my willingness to buy certain coins, raw and slabbed.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
US Civil War coinage
Historical Medals
10-4,
My Instagram picturesErik
My registry sets
2015 was a good year for me coinwise. I think the lesson I learned - well really more like reinforced - is if you see a coin that really, really jumps out at you in a case or in auction, take a good look at it and step away for a bit. After some pondering and thinking, if not having *that* coin really bothers you and everything else lines up (budget, grade, eye appeal) then go back and pull the trigger. I've ended up with many a nice coin that way, with no regrets, even after viewing many other nice ones over the years.
I find that if it takes me more than 30 seconds to decide if I want the coin then I should pass. Maybe it is because I am very focused on a small niche area of the market. Leaving special coins while I think about it would probably mean that someone else snaps them up by the time I've returned.
Latin American Collection
A bird in hand is worthless dead. That's why American Eagles in rolls can be toxic and the right one in plastic can be intoxicating.
and that's why dealers drink .
``https://ebay.us/m/KxolR5
2015 was a good year for me coinwise. I think the lesson I learned - well really more like reinforced - is if you see a coin that really, really jumps out at you in a case or in auction, take a good look at it and step away for a bit. After some pondering and thinking, if not having *that* coin really bothers you and everything else lines up (budget, grade, eye appeal) then go back and pull the trigger. I've ended up with many a nice coin that way, with no regrets, even after viewing many other nice ones over the years.
I find that if it takes me more than 30 seconds to decide if I want the coin then I should pass. Maybe it is because I am very focused on a small niche area of the market. Leaving special coins while I think about it would probably mean that someone else snaps them up by the time I've returned.
I'm with you on that. I can decide pretty quickly on a coin, less than a minute for sure.
But now I'm learning price sensitivity and to walk away. I think this is a byproduct of having more than six figures worth coins in my collection...funds are not unlimited and if I decide to change collecting interests I don't want to lose 20%-40% of my investment if I need to liquidate quickly.
So now I decide quickly on whether or not I like, and equally quickly as to whether or not I'm actually going to bid on/buy.
Anyone with any sense in today’s market buys only coins with stickers
Only my opinion counts
No one cares about my opinion
Don’t buy at auction -- there are better deals on the bourse
There is nothing to buy on the bourse
The auctions are full of dealer retreads and other dreck
The bourse is full of dealer retreads and other dreck
Only buy nice coins
There are no nice coins to buy
If you buy at auction you are paying more than anyone else in the world is willing to pay
If you buy from a dealer you are paying more than anyone else in the world is willing to pay plus the dealer’s mark-up
Build relationships with dealers—they will educate you about coins
Dealers will tell you anything to make a sale
The new forum software has killed the forum
The new forum software is not a problem
Happy New Year
CG
Today I went Kayak Fishing instead of looking at or for coins. There is more to life than coins.
By an interesting coincidence, today I looked at and for coins instead of going kayak fishing, because there is more to life than kayak fishing, and I went over to the kayak fishing forum to tell them so!
Just kidding, actually, yesterday I tried snowboarding for the first time at the age of 48 years young. Been a skier for 34 years, thought it was time to see what all the fuss was about, and WHAT a BLAST!!
For coins, I'm becoming ever more selective. In fact, I'm so discriminating, there are NO coins currently offered anywhere on the planet that meet my criteria for the quality/cost ratio.
Liberty: Parent of Science & Industry
A real man doesn’t need stickers
Anyone with any sense in today’s market buys only coins with stickers
Only my opinion counts
No one cares about my opinion
Don’t buy at auction -- there are better deals on the bourse
There is nothing to buy on the bourse
The auctions are full of dealer retreads and other dreck
The bourse is full of dealer retreads and other dreck
Only buy nice coins
There are no nice coins to buy
If you buy at auction you are paying more than anyone else in the world is willing to pay
If you buy from a dealer you are paying more than anyone else in the world is willing to pay plus the dealer’s mark-up
Build relationships with dealers—they will educate you about coins
Dealers will tell you anything to make a sale
The new forum software has killed the forum
The new forum software is not a problem
Happy New Year
CG
Happy new year to you too!
Bah humbug!
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.