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So is there an initiation in the coin hobby? Discuss- I know this isn't hazing....

ttownttown Posts: 4,472 ✭✭✭
edited January 22, 2019 11:23AM in U.S. Coin Forum

There is the snipe hunt in the gun world.

Pocket watches there's the "wind indicator". For the life of me I never could get the wnd speed, maybe the 40 is hours running before a rewind👹

Offshore they lower a rille trampoline (basket) and see who jumps in the middle for your sea bag 💼. Then they tell you grab a rope ladder, you want to grab two for stability or your on a wild ride to the very top to the crown.
Now unlike college they only do a his in calm seas or it may not be too funny.

The best I can think in the coin hobby is Dealer sizing you up claiming "drove by a little old lady on sundays until you try to sell it's a hot mess they claim like cars.

There's got to be one rather it's at the dealers level like coinguy and many of you.

What's ya got?🤔

Comments

  • Insider2Insider2 Posts: 14,452 ✭✭✭✭✭
    edited January 22, 2019 11:08AM

    When I was at show, a dealer (Stan Furman if I remember) gave me a 20c piece and told me it was a mint error with missing reeding. He asked me to show it around to see what it was worth.

  • ttownttown Posts: 4,472 ✭✭✭

    @Insider2 said:
    When I was at show, a dealer (Stan Furman if I remember) gave me a 20c piece and told me it was a mint error with missing reeding. He asked me to show it around to see what it was worth.

    That's got to be fake. Here let me help you, I'll give you two new shinny dimes just to keep someone from being cheated🎃 If you find those half dimes bring those to me as well I'll give you a nickel. We have to keep this hobby prue🤐

  • SmudgeSmudge Posts: 9,808 ✭✭✭✭✭

    I was in the local dealer's shop a few weeks ago and a very old guy was buying a monster box of Eagles. I guess silver,not sure, but he was talking to the dealer about when they would be there in front of me, a total stranger. I spoke to him in the parking lot later about the need to be discreet about such things. Maybe in some cases there needs to be a hazing of sorts.

  • ttownttown Posts: 4,472 ✭✭✭

    Don't tell that to some members. I think colonelieutenant (sp) sent me coins over $100 on approval that I wanted. I mailed the check at the same time but I'm thinking what a guy🍺

  • ttownttown Posts: 4,472 ✭✭✭

    @Elmhurst said:
    Buying from Littleton.

    Hey cheap education 🤣 At least you didn't owe 1000s on a degree to work fast food. I got some ASEs for 7.50 each that was good deal, the approval service (hook) was a trip. Remember those record club? They were great if you canceled when you brought the 3 album minimum 😜

  • ttownttown Posts: 4,472 ✭✭✭

    @jedm said:
    For most of us as collectors, I believe the initiation comes when we try to sell something and we realize that buying is so very much easier.

    What's this selling you speak of? Last time I did that for an upgrade it turned into curtains and furniture and we already had a couch🤔🤢. Moral to the story paint the walls white🤦🏻‍♀️

  • SmudgeSmudge Posts: 9,808 ✭✭✭✭✭

    Being told pmd for the umpteenth time.

  • MWallaceMWallace Posts: 4,327 ✭✭✭✭✭

    Not a coin initiation, but when I was in the Boy Scouts 50+ years ago, I was sent all over a huge Jamboree campground looking for a "tent stretcher". I must've walked 5 miles. I have never forgotten it. LOL!!

  • ReadyFireAimReadyFireAim Posts: 1,835 ✭✭✭✭✭

    After getting ripped off so horribly by a dealer, I quit for 30 years.

    Now I'm back but I put dealers lower than used car salesmen or televangelists.

  • ms70ms70 Posts: 13,956 ✭✭✭✭✭

    @ReadyFireAim said:
    After getting ripped off so horribly by a dealer, I quit for 30 years.

    Now I'm back but I put dealers lower than used car salesmen or televangelists.

    Is the dealer still in business?

    Great transactions with oih82w8, JasonGaming, Moose1913.

  • YorkshiremanYorkshireman Posts: 4,583 ✭✭✭✭✭

    I, too, got cheated by my local dealer and that soured me on coins,for a while
    I pass him by when I see him at shows. He could have had a good client once I started devoting more money to coins.
    I was also massively overcharged on some esoteric pieces by a dealer with a website and a forum presence. He has some good taste , but it would be hard to do business with him again. Maybe that is why some of his inventory stays around way too long.

    Yorkshireman,Obsessed collector of round, metallic pieces of history.Hunting for Latin American colonial portraits plus cool US & British coins.
  • RogerBRogerB Posts: 8,852 ✭✭✭✭✭

    @MWallace said:
    Not a coin initiation, but when I was in the Boy Scouts 50+ years ago, I was sent all over a huge Jamboree campground looking for a "tent stretcher". I must've walked 5 miles. I have never forgotten it. LOL!!

    Did you find one? They come in versions for canvas tents and polyester tents, and sizes for 4, 6, and 8 - which really hold 2, 3, and 6 (short) scouts.

    :)

  • ReadyFireAimReadyFireAim Posts: 1,835 ✭✭✭✭✭

    @ms70 said:
    Is the dealer still in business?

    He was an older man when I was twelve so probably in hell now.
    The reason I can't look at Lincoln pennies as collectibles ever again.

  • bobsrbobsr Posts: 392 ✭✭✭✭

    My first runabout was when I was 14 working in a tool room for Parro Construction. They sent me to find a " LEFT HANDED MONKEY WRENCH ". Every one I brought back, they would take in their Right hand and tell me nope wrong hand.
    A long time ago, I was standing at a dealers counter when an 80 year old woman came in with her husband's collection to sell to pay for his funeral. As he was counting thru it all, he set out 6 rolls of 1964 Kennedy's. This is current and pocket change not worth anything but 50 cents. When he finished, he picked up the rolls and said to her, you want me to convert these to currency, which he did. I had been doing business with him for 7 years, I left my purchases on the counter, and left and I haven't been back since. Not indicative of all dealers but I became a lot more educated about what I buy and who I buy it from. Since I found this forum last year I've bought just 2 coins from a B&M and about 50 purchases from here on the BST Board. And I've been very happy with every purchase.

    Bob Sr CEO Fieldtechs

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,551 ✭✭✭✭✭

    I was forced into taking up drinking, and I still don't.

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,551 ✭✭✭✭✭
    edited January 23, 2019 7:32PM

    One day, two finely dressed women came in with a boatload of silver half dollars. They demanded full price. (That was about 22 x FV at the time) I paid and asked where they came up with all the coins.
    One lady says:" I'm a teller at a bank. And this (the other lady ) is my manager". She continues on, "one of our customers, (an old lady) brought them in to deposit. I paid face value for them after making her deposit ".

    And I said " you women should be ashamed of yourselves".

  • ZoinsZoins Posts: 34,401 ✭✭✭✭✭
    edited January 24, 2019 2:17AM

    @3stars said:
    No hazing, but lots of "education". Everyone who stated collecting coins has had at least one massive overpay in their history as they were learning the hobby.

    Well, people have reported B&Ms taking advantage of the uninitiated. I think that goes beyond strictly "education". Education is what we call it when we say that's "ok".

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    The initiation for most is the purchase of an inferior coin for a superior price. Sad, but inevitable for the excited initiate. Cheers, RickO

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