@Justacommeman said:
I've never understood the fascination with how others spend their money. Especially when it comes to collectables. We are are wired differently.
mark
THIS
Coin collectors have frequently asked me why I have spent so much on numismatic literature. Thirty years ago, I also would have questioned the wisdom of buying such items. We are indeed wired differently, and my wiring has autonomously re-routed over the years.
Paying $9K for that Lincoln may strike some collectors as foolish, but acquiring that coin was not even a mini-goal. The focus was the position of the set as a whole; as such, $9K was insignificant.
Member: EAC, NBS, C4, CWTS, ANA
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
@tradedollarnut said:
Is it really crazy if that was the coin that put THE type set into the hall of fame and $9k is ten minutes worth of work for the owner? Just sayin....
Not a proof-only type.
Even your 1804 $1 is irrelevant.
Deep consolation and profound congratulations are in order . . .
"People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf." - Geo. Orwell
In basic Econ, the price of the substitute should help determine the price of the item. Therefore, one would do well to wonder what else could be had numismatically for the same 9k. If someone only collects 1970s hyper-graded cents, then more power to them however!
Love that Milled British (1830-1960) Well, just Love coins, period.
Would I pay 9k for this coin? No, but I am not a cent collector.
However, I have dropped that much on other things that the proud new owner of this coin may think is crazy.
Who am I to judge how someone else spends their hard earned money.
@ricko said:
The coin was important to someone, they had the cash and the desire to own it.... I hope they are happy - case closed. Cheers, RickO
I assume they thought they did fine as it sold well under "guide".
Mark
Walker Proof Digital Album 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......
How close does that 69 come to really being a 70? I think pcgs has shelved the 70 grade, for all practical purposes maybe the "real" 70s that exist are just called 69. To those with the eye though, they may see a 70 here.
@wondercoin said:
.................And, IMHO, the undergrade coins are quite the bargain at the low levels they fetch. They are not that easy to locate either. Just my two cents.
Wondercoin
BOLO 1971 1C PCGS PR68DCAM. One sold a year ago on ebay for $40.
@wondercoin said:
.................And, IMHO, the undergrade coins are quite the bargain at the low levels they fetch. They are not that easy to locate either. Just my two cents.
Wondercoin
BOLO 1971 1C PCGS PR68DCAM. One sold a year ago on ebay for $40.
I am about to have a Top Pop Indian Head Cent variety placed in CoinFacts...will it garner this much attention? Highly doubtful. It depends on if there two (or more) collectors of IHC Varieties want it...or not.
When two tribes go to war
A point is all you can score
Given choice among best 10 of a million known of one coin younger than me, or from among the 10 worst of of 100 known of a coin over 4 times my age, it's a very easy decision. I thank the numismatic Gods that I'm in a small minority. No way could I afford them if the demand were reversed...
TDN: I paid over $600k for the 1851&1852. That's stupid money....doesn't matter that it's for great coins. Stupid is as stupid does - been there, done that!
Mr. Eureka: I'd rather pay a stupid price for an insanely rare coin than for a nearly invisible grade point on a dirt common coin.
Afford and Dimeman agree with Mr. Eureka.
1851 and 1852 silver dollars are truly rare in all grades. Even one with a hole would be intensely demanded by many collectors.
The elephant in the room is that Proof 1971-S Lincolns that grade below 68 are super-common. How many merit grades of 65 or higher?
Wondercoin: My son and I probably screened through the better part of 5,000-10,000 proof sets from 1971 (over a multi-year period) in search of the Lincoln Cent in PR69DCAM grade. In the process, we graded a number of PR68DCAM and PR69CAM coins as well as the pop 1 PR68+DCAM (if memory serves me right)
Roger: Yep. $36 is far too much for such a common coin.
There are thousands of Proof 1971-S Lincolns around, in or out of sets. Would one that qualifies for a 66RB assignment be worth more than one dollar? Generally, there are many 66-Red & Brown Lincolns that are appealing.
This is the thing about Moderns. There are so many around that collectors turn to finding the highest grades. No problem whatsoever with that. There are so many spotted and dinged coins around that finding a decent coin (as to what was stated above) is sometimes nearly impossible.
It is, of course the thrill of the hunt, and sometimes the hunt can be very rewarding.
This is a great and noble Hobby.
Pete
"I tell them there's no problems.....only solutions" - John Lennon
Comments
THIS
Coin collectors have frequently asked me why I have spent so much on numismatic literature. Thirty years ago, I also would have questioned the wisdom of buying such items. We are indeed wired differently, and my wiring has autonomously re-routed over the years.
Paying $9K for that Lincoln may strike some collectors as foolish, but acquiring that coin was not even a mini-goal. The focus was the position of the set as a whole; as such, $9K was insignificant.
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
Not a proof-only type.
Even your 1804 $1 is irrelevant.
Deep consolation and profound congratulations are in order . . .
In basic Econ, the price of the substitute should help determine the price of the item. Therefore, one would do well to wonder what else could be had numismatically for the same 9k. If someone only collects 1970s hyper-graded cents, then more power to them however!
Well, just Love coins, period.
Would I pay 9k for this coin? No, but I am not a cent collector.
However, I have dropped that much on other things that the proud new owner of this coin may think is crazy.
Who am I to judge how someone else spends their hard earned money.
I assume they thought they did fine as it sold well under "guide".
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......
How close does that 69 come to really being a 70? I think pcgs has shelved the 70 grade, for all practical purposes maybe the "real" 70s that exist are just called 69. To those with the eye though, they may see a 70 here.
I just cannot understand this...at all.
Interesting read...Collectors, money, rarity and condition rarity with an ending that is on par with WItness For The Prosecution.
Experience the World through Numismatics...it's more than you can imagine.
BOLO 1971 1C PCGS PR68DCAM. One sold a year ago on ebay for $40.
67DCAM sells for $10. Crazy!
I am about to have a Top Pop Indian Head Cent variety placed in CoinFacts...will it garner this much attention? Highly doubtful. It depends on if there two (or more) collectors of IHC Varieties want it...or not.
When two tribes go to war
A point is all you can score
http://www.azlyrics.com/lyrics/frankiegoestohollywood/twotribes.html
BST transactions: dbldie55, jayPem, 78saen, UltraHighRelief, nibanny, liefgold, FallGuy, lkeigwin, mbogoman, Sandman70gt, keets, joeykoins, ianrussell (@GC), EagleEye, ThePennyLady, GRANDAM, Ilikecolor, Gluggo, okiedude, Voyageur, LJenkins11, fastfreddie, ms70, pursuitofliberty, ZoidMeister,Coin Finder, GotTheBug, edwardjulio, Coinnmore, Nickpatton, Namvet69,...
Then I submit that the "guide" is inaccurate.
RIP Mom- 1932-2012
That's pretty good! I'll bet the seller's happy.
Yep. $36 is far too much for such a common coin.
Given choice among best 10 of a million known of one coin younger than me, or from among the 10 worst of of 100 known of a coin over 4 times my age, it's a very easy decision. I thank the numismatic Gods that I'm in a small minority. No way could I afford them if the demand were reversed...
Liberty: Parent of Science & Industry
1971-S cent brought $41 on 04/23/17
1971-S cent brought $10,175 also on 04/23/17
TDN:
Mr. Eureka:
Afford and Dimeman agree with Mr. Eureka.
1851 and 1852 silver dollars are truly rare in all grades. Even one with a hole would be intensely demanded by many collectors.
The elephant in the room is that Proof 1971-S Lincolns that grade below 68 are super-common. How many merit grades of 65 or higher?
Wondercoin:
Roger:
There are thousands of Proof 1971-S Lincolns around, in or out of sets. Would one that qualifies for a 66RB assignment be worth more than one dollar? Generally, there are many 66-Red & Brown Lincolns that are appealing.
Collecting Modern Coins
This is the thing about Moderns. There are so many around that collectors turn to finding the highest grades. No problem whatsoever with that. There are so many spotted and dinged coins around that finding a decent coin (as to what was stated above) is sometimes nearly impossible.
It is, of course the thrill of the hunt, and sometimes the hunt can be very rewarding.
This is a great and noble Hobby.
Pete