What are some Coin Truths that collectors seem to forget?
abcde12345
Posts: 3,404 ✭✭✭✭✭
A single example for me: If a seasoned dealer or collector is selling a coin for what you perceive as too low a price, take a second look at the coin.
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Stretching for a coin today, wont always guarantee somebody else will stretch for it in the future when you sell it.
If it's too good to be true it probably is!
"Collect what coin/s YOU like, not what anybody else likes!"
"Jesus died for you and for me, Thank you,Jesus"!!!
--- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.Agree.
Used to be if you stretched a little, you just needed to hold it for a while and the market would come to you eventually.
Not the case anymore.
"If I say something in the woods and my wife isn't there to hear it.....am I still wrong?"
My Washington Quarter Registry set...in progress
Good coins are never cheap and cheap coins are never good!
Popularity trumps scarcity.
A coin's story is more important than its grade.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
It depends - I've had cherrypicks that I thought were too good to be true, but they weren't.
Even a seasoned dealer can't check a large inventory for all die varieties.
Mutual respect between collectors and even with dealers. You just might learn something
There is no Santa Claus in Numismatics.
Again, it depends. Good advice for a beginner, but the more you know, the more bargains there are to be had!
**Edit: ** "Good coin" can mean a lot of things - a valuable coin, a marketable coin, an attractive coin, a coin that you enjoy, etc. Maybe you bought a beautiful MS67 common date/common grade coin for your set, and it was cheap - more power to you!
Also beware of overpriced coins!
A bunch of old men sending packages back and forth in the mail. I’m guilty I guess.
Then what about all the white beards?
Note the word probably!
Coins don't grow on trees.
The vast majority of the coins that collectors buy are not rare.
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
Beyond no Santa Claus... coins aren’t an investment, only use money you can afford to lose.
Rare means not rare
R10 means rare
Rare does not mean expensive
Very debatable.
Coins can't talk.
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
The best thing to acquire in coin collecting is the friends you make
Also, for me most of the fun is In the chase
Buy the coin and not the holder!
David Hall’s advice is the one that sticks with me:
“Have fun with your coins!”
Look around next time you’re at a show. Not everyone is having a good time.
Amen to that one
Lafayette Grading Set
You're the only one in the family who cares about your collection. They all think you're nuts.
Truly “original” surfaces for AU and above classic coins are rare.
"Got a flaming heart, can't get my fill"
Is there a common theme with those mot having a good time?
It is easier to pass a camel through the eye of a needle than to cross your NGC top pops at grade.
Learn or you might get burned.
This has a nice ring to it, but never is putting it too strongly, IMO. I could agree with rarely.
If you don't like it when you get it home, you never will. Sell it or return it.
The first coin you buy will look beautiful to you but will be overgraded by at least 2 grades.
Ownership adds a point
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......
A coin is always worth more when buying and less when selling to a dealer
95 pct of collectors lose money.
Here are a few that resonate with me:
-Find your optimal grade and don't chase insert numbers.
-There are few coins that you'll regret purchasing but many more that you'll regret NOT purchasing.
-Stay FOCUSED (unless you're a Type Set collector)! LOL But, even then, you must have a PLAN.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
I like this one .
Add
Learn to grade !
I give away money. I collect money.
I don’t love money . I do love the Lord God.
Lots of things people claim as truths are really just opinions.
Buy the coin not the sticker. Thanks!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
If you have to think about it...Pass.
My Saint Set
Never be worried about sending that problem coin down the road with a loss. You are better off without it..
AND.... Look at what isn't popular right now, learn about those coins and buy the great ones. You will not be sorry..
Baseball is a game, collecting is a hobby; always remember that.
don't fall in Love with any coins or the Divorce will be tough.
In the same vain: If it's too good to be true, it probably is.
Pete
True. Except one time I posted my 1937-D 3-legged Buffalo Nickel on my Facebook page briefly and got some oooh's and ahhh's from friends and family.
Copy Cat!
If you are not having fun, it is no longer a hobby. Cheers, RickO
Care to share some data on this?