Is there a collector for every coin?
MidLifeCrisis
Posts: 10,560 ✭✭✭✭✭
Collectors collect all kinds of coins. I frequently see coins in dealer inventories that I wouldn't own. Likewise, I'm sure there are coins that I love that some of you wouldn't be interested in at all.
I once had what I thought was a very nice colonial coin that I took to a well known dealer to see if he would buy it or possibly take it in trade. He took one look at it - for maybe 15 seconds - handed it back to me and said "That coin's not for me."
One person's treasure...
Do ugly coins find a loving home or do they just languish in dealer cases for ever?
0
Comments
There’s a buyer for every coin. I’m not sure about a collector for every coin. It’s all a matter of price.
I think they find a home. Sometimes it’s a stacker who just wants bullion, sometimes an album filler, sometimes it’s something used for a project like a ring, belt buckle, or something else. Some may even end up with Daniel Carr for fantasy restrikes.
Most yes, some only move at liquidation time.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
Well, yes, but sometimes the refiner is the appropriate person to “collect” some coins.
There are actually many cheap items for which there is no market. Most of these are probably in the token and medal arena plus most wooden nickels and many recent elongated coins.
In the used car business they say there’s an ass for every seat.
That’s the quote I had in mind when I was writing the OP.
I'd have to say yes. You know like on the island of misfit toys.
Yes, there is a collector for EVERY coin......but at at a particular price for that collector. Price is the part you can't leave out. The CULL Type coin market is one of the most active markets out there. While that may not work well for this crew, there are collectors looking for them.
I don’t think so for the simple reason there are coins that circulate. If there was a collector for every coin, we wouldn’t have any circulation coins. This was an issue with silver coins in the 60s.
I would say that the statement, when generalized, is true. Obviously the billions of coins in circulation far outnumber collectors, even considering each collector 'may' have a few hundred in their collection. Now, if the term 'coin' was somewhat more defined - i.e. by period, type, metal etc., then the answer could well be yes. Cheers, RickO
Metal Detecting Clubs love ugly coins they can buy cheap and use for staged hunts.
I dunno. It seems like at some smaller coin shows (Parsippany, NJ) many dealers haul the same things back to the show month after month.
He who knows he has enough is rich.
Quite a few dealers have the same coins in inventory month after month. Maybe they think they're running a museum.
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
Taking the title question literally of course the answer is "no". But I believe the question has more to do with the coins collectors at any and all levels collect and are interesting enough to have some value greater than face. To that question I would say "yes". Otherwise we would be up to our eyeballs in dateless Buffaloes in circulation.
I had a wealthy uncle who collected polished coins, no matter how many times I tried to tell him...he just loved cleaned, polished morgans. He would pay full list prices but limited his purchases to $1k/mo, so was never going to get into trouble. Someday my aunt is going to ask me about them, but I'm not volunteering.