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Why coin COLLECTORS....drink

topstuftopstuf Posts: 14,803 ✭✭✭✭✭

Why is it that I can P&M about the price of a nice coin and completely ignore the losses I take on being dumb enough to buy junk like the mint offerings.
Thank God, it's only been that damn gold "quarter."

But....coin.... losses seem so.....well..... personal. :D

Comments

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    Totally understand that point... A realization I came to years ago and quit buying the annual sets...or most other offerings. Still get an ASE for family births though. Cheers, RickO

  • giorgio11giorgio11 Posts: 3,939 ✭✭✭✭✭

    You had a Gobrecht in the First Spouse Van Buren Liberty 2008. The Mint managed to confuscicate that one up too.

    Kind regards,

    George

    VDBCoins.com Our Registry Sets Many successful BSTs; pls ask.
  • ParadisefoundParadisefound Posts: 8,588 ✭✭✭✭✭
    edited May 28, 2018 9:17AM

    I am drinking even without having a coin drama :o
    The Mint has been a big TURN OFF lately though....

  • ParadisefoundParadisefound Posts: 8,588 ✭✭✭✭✭
    edited May 28, 2018 9:25AM

    <3 I love this one.....a beautiful rendition after the iconic figure Freedom Lady atop of Capitol Hill <3

    @REALGATOR said:
    I drink and I'm a collector. But the two activities aren't related.

    I really don't like the mint offerings lately. That Liberty coin with the ridiculously huge stars going across the forehead is just plain awful art IMO. We need a Gobrecht, Now!

  • REALGATORREALGATOR Posts: 2,644 ✭✭✭✭✭

    The Freedom Lady at the Capitol is a well balanced headdress.
    The coin is an oversized tiara.

  • BillJonesBillJones Posts: 34,795 ✭✭✭✭✭

    @topstuf said:
    Why is it that I can P&M about the price of a nice coin and completely ignore the losses I take on being dumb enough to buy junk like the mint offerings.
    Thank God, it's only been that damn gold "quarter."

    But....coin.... losses seem so.....well..... personal. :D

    I stopped buying the copper-nickel Proof sets for exactly that reason. I still buy the silver sets, which is almost as stupid, but at least they 90% silver coins in them. I do like having something for each year, and have thought about running my Proof set run back to 1936. I have the 1950s sets and then '36 and '42 sets, but not much in the middle.

    I used to keep up with the modern commemorative coins, but stopped a couple of years ago. This year I gave up on the gold commemoratives because I didn't want the Breast Cancer piece that is made out of 85% instead of 90% gold.

    I bought a lot of modern commemoratives in the secondary market which has produced some paper profits for me because of the rising melt values for silver and especially gold. Maybe that will happen again.

    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • astroratastrorat Posts: 9,221 ✭✭✭✭✭

    @Paradisefound said:
    <3 I love this one.....a beautiful rendition after the iconic figure Freedom Lady atop of Capitol Hill <3

    @REALGATOR said:
    I drink and I'm a collector. But the two activities aren't related.

    I really don't like the mint offerings lately. That Liberty coin with the ridiculously huge stars going across the forehead is just plain awful art IMO. We need a Gobrecht, Now!

    I with @Paradisefound on this one. Those medals are beautiful!

    Numismatist Ordinaire
    See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
  • 59Horsehide59Horsehide Posts: 427 ✭✭✭

    @topstuf said:
    Why is it that I can P&M about the price of a nice coin and completely ignore the losses I take on being dumb enough to buy junk like the mint offerings.
    Thank God, it's only been that damn gold "quarter."

    But....coin.... losses seem so.....well..... personal. :D

    I am a "collector" and I enjoy a good drink ever so often (or more). BUT...I don't drink because I am a collector. I can see where dealers,, flippers, etc. whose lively hood depends on beating the odds, so to say, might indulge more than others. I love coins, I buy the mint annual silver proof set and two of the mint sets each year. I have spent lots of money (from my perspective) on coins and I enjoy every one of them. I probably should start to sell more and if I do, it won't cause me to drink any more or any less! Relax and enjoy the hobby. I love this website!

  • BLUEJAYWAYBLUEJAYWAY Posts: 10,080 ✭✭✭✭✭

    Well, for those that really over indulge they can see their prized possessions in double vision. Imagine a 55 DD cent. It would be a "Quadrupled Die". On the other hand if one is "blind drunk" it is one way to hide a coins imperfections.

    Successful transactions:Tookybandit. "Everyone is equal, some are more equal than others".
  • CoinstartledCoinstartled Posts: 10,135 ✭✭✭✭✭

    As long as the coin is older than the scotch, you should be ok.

  • sarikanairsarikanair Posts: 154 ✭✭✭

    I dont think all coin collectors drink. I dont know what is the relation between coin collection and drinking.

  • ScootersdadScootersdad Posts: 180 ✭✭✭

    When EBay sellers post reverse pics of slabbed coins upside down.

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    Well... good to see this thread again... I'll drink to that.... :D Cheers, RickO

  • CaptHenwayCaptHenway Posts: 32,729 ✭✭✭✭✭

    @REALGATOR said:
    The Freedom Lady at the Capitol is a well balanced headdress.
    The coin is an oversized tiara.

    A well-balanced headdress? It looks like she has a turkey on her head! The stars are OK though.

    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.
  • topstuftopstuf Posts: 14,803 ✭✭✭✭✭

    Ben Franklin advocated for the turkey on our coins.

  • jmlanzafjmlanzaf Posts: 36,527 ✭✭✭✭✭

    @topstuf said:
    Ben Franklin advocated for the turkey on our coins.

    Ben Franklin advocated for the turkey as our national bird.

  • DIMEMANDIMEMAN Posts: 22,403 ✭✭✭✭✭

    Mint stuff is JUNK! Stay away from it! But continue to drink when you feel like it. :)B)o:)

  • topstuftopstuf Posts: 14,803 ✭✭✭✭✭

    @jmlanzaf said:

    @topstuf said:
    Ben Franklin advocated for the turkey on our coins.

    Ben Franklin advocated for the turkey as our national bird.

    It would have been ironic. :D

  • jmlanzafjmlanzaf Posts: 36,527 ✭✭✭✭✭

    @topstuf said:

    @jmlanzaf said:

    @topstuf said:
    Ben Franklin advocated for the turkey on our coins.

    Ben Franklin advocated for the turkey as our national bird.

    It would have been ironic. :D

    LOL. Actually, the reputation of the fair turkey would probably have been far grander had it spent the last 2 centuries as the national bird.

    Frankly, EVERYONE has eagles as symbols. The turkey is very American and far less neo-classical.

  • 2ndCharter2ndCharter Posts: 1,700 ✭✭✭✭✭

    You go up to a dealer's table, spot something really cool that you would like to buy, and are told "Sorry, that's in my personal collection." #$%&!!

    Member ANA, SPMC, SCNA, FUN, CONECA

  • AMRCAMRC Posts: 4,280 ✭✭✭✭✭

    It's not a Turkey?

    MLAeBayNumismatics: "The greatest hobby in the world!"
  • PerryHallPerryHall Posts: 46,831 ✭✭✭✭✭

    @jmlanzaf said:

    @topstuf said:
    Ben Franklin advocated for the turkey on our coins.

    Ben Franklin advocated for the turkey as our national bird.

    If you want to see the national bird, just cut someone off in heavy traffic. :o;)

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • jmski52jmski52 Posts: 23,241 ✭✭✭✭✭

    Why is it that I can P&M about the price of a nice coin and completely ignore the losses I take on being dumb enough to buy junk like the mint offerings.

    Why? Hmmmmm. Let's explore that question.

    Is it because nice coins are overpriced?

    Is it because quantity makes up for monetary losses?

    Psychologically, it appears that you are more comfortable in making a long series of smaller mistakes than in making one ginormous mistake.

    I've found that it's somewhat pleasing to fill a Dansco with a complete set of Sac Dollars or State Quarters. They remind me of my dad's books filled with Barbers. So uniform. So organized. So pretty.

    Other than that, I have no explanation. :)

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.

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