What is the dumbest thing you have ever heard a collector say?
Comments
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Buy the holder not the coin
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Buy the cricket, not the coin.
"To Be Esteemed Be Useful" - 1792 Birch Cent --- "I personally think we developed language because of our deep need to complain." - Lily Tomlin
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"I'm going to buy [Insert Expensive Rare Coins here] as an investment and sell it for several times what I paid when I hit retirement age"... or something like that...
Collecting: Dansco 7070; Middle Date Large Cents (VF-AU); Box of 20;
Successful BST transactions with: SilverEagles92; Ahrensdad; Smitty; GregHansen; Lablade; Mercury10c; copperflopper; whatsup; KISHU1; scrapman1077, crispy, canadanz, smallchange, robkool, Mission16, ranshdow, ibzman350, Fallguy, Collectorcoins, SurfinxHI, jwitten, Walkerguy21D, dsessom.1 -
@WinLoseWin said:
Buy the cricket, not the coin.I wonder where that slab is now? Did a forum member buy it?
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."1 -
Guy shows a recently broken coin to a dealer, removed from a plastic sandwich bag
“Do you think I can glue this back together and sell it?”
Dealer shakes his head and says it’s not worth it.
Guy dejectedly puts the sandwich bag and broken coin back into his pants pocket
Dumb things I’ve said or thought-
“Honey, do you think I should bid on this?”
“The damage isn’t that bad…”
“Forgot I had one already”
“No way I’m losing this”2 -
Collector asks me what I want for a particular coin. I give him a number. He asks for an additional five dollars off.
My response is always, “that five dollars isn’t going to make or break either one of us.” When I quote a price, that’s the price.
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"I found a 1964 SMS half dollar."
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@Manifest_Destiny said:
@Tonedeaf said:
I can stop buying coins any time I want.This is true, I've stopped dozens of times.
I stop each day right before bedtime.
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@DisneyFan said:
@lkenefic said:
"I'm going to buy [Insert Expensive Rare Coins here] as an investment and sell it for several times what I paid when I hit retirement age"... or something like that...That is not funny.
Not funny, but it is rather dumb... which is what was specified in the OP.
Collecting: Dansco 7070; Middle Date Large Cents (VF-AU); Box of 20;
Successful BST transactions with: SilverEagles92; Ahrensdad; Smitty; GregHansen; Lablade; Mercury10c; copperflopper; whatsup; KISHU1; scrapman1077, crispy, canadanz, smallchange, robkool, Mission16, ranshdow, ibzman350, Fallguy, Collectorcoins, SurfinxHI, jwitten, Walkerguy21D, dsessom.0 -
@lkenefic said:
@DisneyFan said:
@lkenefic said:
"I'm going to buy [Insert Expensive Rare Coins here] as an investment and sell it for several times what I paid when I hit retirement age"... or something like that...That is not funny.
Not funny, but it is rather dumb... which is what was specified in the OP.
It didn't seem so dumb back in 1974 when collectors read the 208 pages of Bowers' "High Profits from Rare Coin Investment" and later versions.
Unfortunately, the coin market has had it's ups and downs.
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Not at a coin show. But heard by a collector at a sports card show.
.50 cent card in case.
Adult collector with his wife says: Am interested. Can you do any better on the price?Successful transactions:Tookybandit. "Everyone is equal, some are more equal than others".8 -
A guy asked a price for a slabbed PCGS 65 Oregon. / I replied two fifty ($250) - he put $2.50 on the table. I told him to get lost.
Investor4 -
All my coins have "full mint bloom"
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@coinshop said:
Buy the holder not the coinBuy the CAC not the coin.
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There was another that explicitly stated that cracking any CAC coin hoping for an upgrade was tantamount to committing fraud.
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I Cannot Grade, I’ll stick to ICG slabs.
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@DisneyFan said:
@lkenefic said:
@DisneyFan said:
@lkenefic said:
"I'm going to buy [Insert Expensive Rare Coins here] as an investment and sell it for several times what I paid when I hit retirement age"... or something like that...That is not funny.
Not funny, but it is rather dumb... which is what was specified in the OP.
It didn't seem so dumb back in 1974 when collectors read the 208 pages of Bowers' "High Profits from Rare Coin Investment" and later versions.
Unfortunately, the coin market has had it's ups and downs.
Those were my early collecting days and I was quite young. Fast forward some 50 years and coins as a retirement investment just seems a little ill-advised. My approach to this hobby is that it's largely disposable income for me fuelling it. .. part of my Entertainment budget. I'm enjoying my coins while I have them, and I'll likely sell off some in the future to fund other numismatic projects but I'm under no illusion that my coin collection is going to sustain me in retirement.
Collecting: Dansco 7070; Middle Date Large Cents (VF-AU); Box of 20;
Successful BST transactions with: SilverEagles92; Ahrensdad; Smitty; GregHansen; Lablade; Mercury10c; copperflopper; whatsup; KISHU1; scrapman1077, crispy, canadanz, smallchange, robkool, Mission16, ranshdow, ibzman350, Fallguy, Collectorcoins, SurfinxHI, jwitten, Walkerguy21D, dsessom.4 -
Sorry! Gotta go home and polish me cracs stickers.
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
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It's not what they say, it's how they look. 🤣 Sorry, couldn't resist! 😉
Gotta go, my parole officer is at the door.
Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )
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After being shown a genuine Trade Dollar with all weights measured by a dealer with 40+ years in the business, the visitor coming in with a counterfeit storms out shouting "you don't know your trade!"
Custom album maker and numismatic photographer.
Need a personalized album made? Design it on the website below and I'll build it for you.
https://www.donahuenumismatics.com/.1 -
I just bought some “un-searched” shotgun rolls!
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@OAKSTAR said:
It's not what they say, it's how they look. 🤣 Sorry, couldn't resist! 😉Gotta go, my parole officer is at the door.
Just say "NO" to crack... ing coins out of PCGS holders...
Collecting: Dansco 7070; Middle Date Large Cents (VF-AU); Box of 20;
Successful BST transactions with: SilverEagles92; Ahrensdad; Smitty; GregHansen; Lablade; Mercury10c; copperflopper; whatsup; KISHU1; scrapman1077, crispy, canadanz, smallchange, robkool, Mission16, ranshdow, ibzman350, Fallguy, Collectorcoins, SurfinxHI, jwitten, Walkerguy21D, dsessom.2 -
Me at my coin first show - me, to dealer while holding a washed out, lifeless looking, white 1914-S Barber half at his booth - "is this coin original (not cleaned)."
Dealer to me - "yes".
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Me, at the ANACS table:
Customer: I'm getting into coin collecting and I'd like to submit these.
[Dumps a dozen or so circulated 40's and 50's wheat cents on the table].Me: Are you sure? You'd be paying $16.00 per coin plus return shipping to get these graded. A dealer would probably offer you 2 or 3 cents for each one because of their condition.
Customer: (agitated) I'm a grown woman. I can make my own decisions. Yes, I want to submit them.
Me: Ok then, no problem. That'll be $228 for all of them.
I asked her if she had a Red Book and she didn't know what that was. I had just bought a new one at the show so I gave her the one from the previous year I was replacing, suggesting she spend some time going through it, especially the Lincoln cent section since that's what she was collecting. I don't think she did, because she submitted more at the next show.
You Suck! Awarded 6/2008- 1901-O Micro O Morgan, 8/2008- 1878 VAM-123 Morgan, 9/2022 1888-O VAM-1B3 H8 Morgan | Senior Regional Representative- ANACS Coin Grading. Posted opinions on coins are my own, and are not an official ANACS opinion.6 -
I witnessed a novice collector who was looking at a 1923 Peace Dollar's $1975 price tag (NGC Star with rare, wild color) ask: "Is that the year it was made?"
Maybe not "stupid" but VERY NAIVE.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
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@Walkerfan said:
I witnessed a novice collector who was looking at a 1923 Peace Dollar's $1975 price tag (NGC Star with rare, wild color) ask: "Is that the year it was made?"Maybe not "stupid" but VERY NAIVE.
He just wanted to make sure it wasn't a more recent restrike.
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."----Voltaire0 -
@PerryHall said:
@Walkerfan said:
I witnessed a novice collector who was looking at a 1923 Peace Dollar's $1975 price tag (NGC Star with rare, wild color) ask: "Is that the year it was made?"Maybe not "stupid" but VERY NAIVE.
He just wanted to make sure it wasn't a more recent restrike.
Okay, we'll go with that! LOL
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
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Well this story is not a collector but was worth repeating. We were set up at a show and the dealer next to us had a $1,000.00 bill on display. A lady walks up and say that is cool and my husband's birthday is next week and it would be great to buy it for him. How much? The dealer says I am asking 23 for it. Oh my that is quite steep, she says, but let me think about it and I will come back if I want it.
She comes back and says I will take it. The dealers says great I don't take checks, so I will need $2,300 in cash. She says what? I thought you said $23. The dealer says, why would I sell you a $1,000.00 bill for $23.00? You can take this to the bank and get $1,000.00 as legal tender. She thought it was fake money.
Here is my Washington Quarter Variety Registry Set
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a couple years ago a guy told me he saves every state quarter he gets so he can leave them for his grandkids
i was like yeah that's really smart
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"Do you sell coins here?"
RIP Mom- 1932-20120 -
@OAKSTAR said:
It's not what they say, it's how they look. 🤣 Sorry, couldn't resist! 😉Gotta go, my parole officer is at the door.
Crack kills!!!
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He comes up to dealer table - tries to dictate price like he’s a know it all. Just tell him: that’s the lowest the consignor will go. Works like a charm
Investor0 -
I hope it's nothing I ever said... >_<
WISHLIST
D's: 50P,49S,45D+S,43D,41S,40D,39D+S,38D+S,37D+S,36S,35D+S
Q's: 52S,47S,46S,40S,39S,38S,37D+S,36D+S,35D,34D,32D+S
71T: 061,070,141,239,330,384,465,493,496,529,530,532,535,541,544,545,549,552,571,583,590,594,599,611,620,
629,630,632,644,645,646,648,649,650,658,671,672,673,680,683,688,692,715,735,739,740,744,750
73T:61,62,63,64,65,66,67,68,80,213,235,344,379,433,453,480,497,545,554,580,606,613,630
95 Ultra GM Sets: Golden Prospects, On-Base Leaders, Power Plus, RBI Kings1 -
@JWP said:
Do you sell coins hereNope! We're running a museum...and all the coins just so happen to have price tags on them! And those coin books and albums over there is our gift shop! Here's your sign...
WISHLIST
D's: 50P,49S,45D+S,43D,41S,40D,39D+S,38D+S,37D+S,36S,35D+S
Q's: 52S,47S,46S,40S,39S,38S,37D+S,36D+S,35D,34D,32D+S
71T: 061,070,141,239,330,384,465,493,496,529,530,532,535,541,544,545,549,552,571,583,590,594,599,611,620,
629,630,632,644,645,646,648,649,650,658,671,672,673,680,683,688,692,715,735,739,740,744,750
73T:61,62,63,64,65,66,67,68,80,213,235,344,379,433,453,480,497,545,554,580,606,613,630
95 Ultra GM Sets: Golden Prospects, On-Base Leaders, Power Plus, RBI Kings0 -
@Cougar1978 said:
He comes up to dealer table - tries to dictate price like he’s a know it all. Just tell him: that’s the lowest the consignor will go. Works like a charmSo lie, instead of being truthful and just saying you don’t want to sell for less. Thanks for the advice, but I’ll pass.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
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@telephoto1 said:
"Do you sell coins here?"It's a legitimate question for those dealers who have the same coins month after month after month.......
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."----Voltaire13 -
@PerryHall said:
@telephoto1 said:
"Do you sell coins here?"It's a legitimate question for those dealers who have the same coins month after month after month.......
If true, then he's still just a hobbyist and not a real dealer.
RIP Mom- 1932-20120 -
@PerryHall said:
@telephoto1 said:
"Do you sell coins here?"It's a legitimate question for those dealers who have the same coins month after month after month.......
I'm going to a smallish local show today and this would be an excellent and legitimate question to ask.
chopmarkedtradedollars.com
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@MFeld said:
@Cougar1978 said:
He comes up to dealer table - tries to dictate price like he’s a know it all. Just tell him: that’s the lowest the consignor will go. Works like a charmSo lie, instead of being truthful and just saying you don’t want to sell for less. Thanks for the advice, but I’ll pass.
Mark - Have you ever had a potential buyer keep chiseling even after you told them vey clearly that you don't want to sell for any less? I have, and it gets old pretty quickly.
Andy Lustig
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.2 -
@MrEureka said:
Mark - Have you ever had a potential buyer keep chiseling even after you told them very clearly that you don't want to sell for any less? I have, and it gets old pretty quickly.
Agree. Happens all the time. They'll ask "what's your best price?" I tell them, and they'll still come back at me with a lower offer. I usually reply "You just asked me for my best price and $x is my best price. If you don't want it, that's fine but that's my net." I swear to God there are some folks who you could quote half of market value and they'd still counter you. Every dealer's had this happen at some point and knows they're a waste of time.
RIP Mom- 1932-20120 -
@MrEureka said:
@MFeld said:
@Cougar1978 said:
He comes up to dealer table - tries to dictate price like he’s a know it all. Just tell him: that’s the lowest the consignor will go. Works like a charmSo lie, instead of being truthful and just saying you don’t want to sell for less. Thanks for the advice, but I’ll pass.
Mark - Have you ever had a potential buyer keep chiseling even after you told them vey clearly that you don't want to sell for any less? I have, and it gets old pretty quickly.
Of course, Andy and I agree, but I still held firm in a truthful manner.
One time, many years ago, a dealer looked at a coin I had for sale and asked for my “best price”. I quoted my best price. Over the course of the next day and a half, he countered three different times and each time I declined. I finally told him I understood that he didn’t know me, but when I give my “best price”, that’s really my best price. He finally bought the coin at the original “best price” I’d quoted.Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
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@telephoto1 said:
@MrEureka said:
Mark - Have you ever had a potential buyer keep chiseling even after you told them very clearly that you don't want to sell for any less? I have, and it gets old pretty quickly.
Agree. Happens all the time. They'll ask "what's your best price?" I tell them, and they'll still come back at me with a lower offer. I usually reply "You just asked me for my best price and $x is my best price. If you don't want it, that's fine but that's my net." I swear to God there are some folks who you could quote half of market value and they'd still counter you. Every dealer's had this happen at some point and knows they're a waste of time.
When you ask a coin dealer for his best price, how often does that dealer actually give you his best price?
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."----Voltaire2 -
@MrEureka said:
@MFeld said:
@Cougar1978 said:
He comes up to dealer table - tries to dictate price like he’s a know it all. Just tell him: that’s the lowest the consignor will go. Works like a charmSo lie, instead of being truthful and just saying you don’t want to sell for less. Thanks for the advice, but I’ll pass.
Mark - Have you ever had a potential buyer keep chiseling even after you told them vey clearly that you don't want to sell for any less? I have, and it gets old pretty quickly.
When a coin is a nice coin; but, average for the grade, is a buyer really chiseling a dealer who has had a coin for a long time and the coin is 1 1/2X to 2Xs the price guide?
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@PerryHall said:
@telephoto1 said:
@MrEureka said:
Mark - Have you ever had a potential buyer keep chiseling even after you told them very clearly that you don't want to sell for any less? I have, and it gets old pretty quickly.
Agree. Happens all the time. They'll ask "what's your best price?" I tell them, and they'll still come back at me with a lower offer. I usually reply "You just asked me for my best price and $x is my best price. If you don't want it, that's fine but that's my net." I swear to God there are some folks who you could quote half of market value and they'd still counter you. Every dealer's had this happen at some point and knows they're a waste of time.
When you ask a coin dealer for his best price, how often does that dealer actually give you his best price?
When someone asks me what my best price is, I assume they want my best price...so I tell them. I don't play games and I don't like others who want to play games with me. If they don't like my best price...oh well. I have other coins. And other buyers.
RIP Mom- 1932-20122 -
I was selling off part of my 7070 a little over 10 years ago and had a bunch of coins on the BST. I had someone interested in a Half Cent and gave him my "best price", which apparently wasn't low enough. I was then getting several IM's a day from him trying to talk me down further. I can't recall if I actually capitulated and sold it to him, or if another buyer came along, but I do remember the seemingly endless barrage of messages... for like... $20, $25??
Collecting: Dansco 7070; Middle Date Large Cents (VF-AU); Box of 20;
Successful BST transactions with: SilverEagles92; Ahrensdad; Smitty; GregHansen; Lablade; Mercury10c; copperflopper; whatsup; KISHU1; scrapman1077, crispy, canadanz, smallchange, robkool, Mission16, ranshdow, ibzman350, Fallguy, Collectorcoins, SurfinxHI, jwitten, Walkerguy21D, dsessom.0 -
"This a rare Lincoln cent with no mint mark..."
3 -
Here you go:
It’s 2015. Dude was a 20 year early commemorative and half dollar collector who has been out of the coin world COMPLETELY for the previous five years, due to a serious health issue and the birth of an oopsy baby girl. Dude is totally out of touch with the field at the moment.This same dude gets a face to face offer from a friend to buy a “gold Kennedy” he received from his father’s estate, loose in a capsule for $500. Dude says without hardly looking at his friend’s hand, nah, that’s one of those gold plated scam coins from a magazine or a 3 am infomercial. Friend says, “I took it to a pawn shop and they offered me $400.”
Dude laughs, surprised his friend of so many years is running game on him. Dude says no thanks again and the other guy says, ok, I’ll bring it back to the pawn shop then, I just thought of you…. Dude is mildly amused at his friends acting job says, ok buddy, and they move on with their conversation to another topic.
A week later dude is at his friend’s house and sees a pawn ticket on his friend’s kitchen counter that says, Gold 2014 W Kennedy, $400……. Dude furiously grabs his cellphone and Googles away. Dude’s stomach suddenly becomes knotted, heart sinks, feeling of disgrace and disbelief sets in.
Yup, you guessed it, the dude who said, it’s a gold plated scam Kennedy was me. And yes, that was the dumbest thing I’ve ever heard a collector say. Ugh. I still get angry at myself. A hard lesson learned on being too dismissive, not trusting a FRIEND, and thinking I know everything. DUMB!!!!!!
Having fun while switching things up and focusing on a next level PCGS slabbed 1950+ type set, while still looking for great examples for the 7070.
5
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https://www.youtube.com/watch?v=p5ZkdHImCuQ
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