My last few offers have been rejected and I never accept counteroffers so yes; in an involuntary way. I have several submitted for crossover and grading so I'll live. Doing a lot of finger tapping tho. tap tap...tap tap....
@Coinscratch said:
I almost never buy graded coins and when I do I almost always lose. I am infatuated at making coins, moderns because they’re the easiest. After 8 years I finally come to realize that I’m not a collector and never have been.
This is one of the more interesting statements I’ve read here lately. You can grade raw coins hands down perfectly, but any coin you buy in a slab is a problem because it’s overgraded and ultimately sells for less when the time comes?
@Coinscratch said:
I almost never buy graded coins and when I do I almost always lose. I am infatuated at making coins, moderns because they’re the easiest. After 8 years I finally come to realize that I’m not a collector and never have been.
This is one of the more interesting statements I’ve read here lately. You can grade raw coins hands down perfectly, but any coin you buy in a slab is a problem because it’s overgraded and ultimately sells for less when the time comes?
Two or three parts to this. One, I don't buy moderns, if I did I probably wouldn't because they would be over graded. And mostly nobody wants to buy them anyway unless they're half off PG. So I never buy graded moderns.
The coins I have purchased graded, classics typically come over graded in the form of ANACS and/or I don't know much about grading classics (part 2) and this is because of limited options. And I find those at a local pawn shop and the dealer guy there gives me a pretty decent deal (based on the grade). I could go down to US Coins in Houston and pay through the nose but I don't.
Then comes the selling well, trying to sell anywhere near PG on the BST or Ebay is like something Gutfeld said the other night, "You'll lose your shit faster than a knocked over Port O Potty ".
All of this makes me understand why you guys travel to shows and understand what the market likes or doesn't want but those guys weren't born this morning either.
Since my collecting has an "expected investment result" hurdle, price levels and movements are a bigger driver than budget for me. In other asset classes I'm a value investor, and my coin collecting is no different. Prices have been frothy since the pandemic lock-downs and I'm going slow looking for a correction.
Does the material give rise to the immaterial, or vice versa?
Yeah I will be buying very few coins (only have 2 priority coins on my list each about 200$-300$) till late 2026. The life of the average citizen I suppose. Taxes suck but need to be paid.
Time to just sit back and enjoy what I was able to buy in the last few years and be happy I was even able to do so. I am a small time buyer but at least I have a hobby I truly enjoy.
Lately Ive been focused on my bullion to justify my collecting. I have been picking away for my wall that commemorates the victims of the two World Wars and the Heros that struck down Fascism. Its coming along nicely and other then a few Morgans its been a slow numismatic year.
I am going to have to cool it for a few months. I shot my wad at Summer FUN when I finished my cent date set, and bought this $100 Montgomery Confederate note.
And I'm buying a new car. The one I'm driving is nine years old.
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 ... ?
@Qniform said:
Since my collecting has an "expected investment result" hurdle, price levels and movements are a bigger driver than budget for me. In other asset classes I'm a value investor, and my coin collecting is no different. Prices have been frothy since the pandemic lock-downs and I'm going slow looking for a correction.
Good luck with that. As soon as prices drop, you'll think they are going to keep dropping and not buy. As soon as they go up, you'll think they are frothy and wait for a dip. Timing the market rarely works.
I would never invest in coins. Even if the 10-20% buy/sell spread doesn't kill you, prices of 99% of coins don't keep up with the stock market over long periods of time.
@Qniform said:
Since my collecting has an "expected investment result" hurdle, price levels and movements are a bigger driver than budget for me. In other asset classes I'm a value investor, and my coin collecting is no different. Prices have been frothy since the pandemic lock-downs and I'm going slow looking for a correction.
Good luck with that. As soon as prices drop, you'll think they are going to keep dropping and not buy. As soon as they go up, you'll think they are frothy and wait for a dip. Timing the market rarely works.
I would never invest in coins. Even if the 10-20% buy/sell spread doesn't kill you, prices of 99% of coins don't keep up with the stock market over long periods of time.
I never buy coins as an investment. If they rise they rise if not well I did not expect them to anyways. It is just a hobby (passion) for me nothing else.
@BillJones said:
I am going to have to cool it for a few months. I shot my wad at Summer FUN when I finished my cent date set, and bought this $100 Montgomery Confederate note.
And I'm buying a new car. The one I'm driving is nine years old.
For those who may not know the history, the first Confederate States of America capitol was in Montgomery, Alabama. At that time they set up their form of government, started to raise an army and issued their first notes. The National Banknote Company in New York City printed those first notes. There were $50, $100, $500 and $1,000 notes. They look like paper money, but they were bonds which paid 3.65% annual interest.
The Confederates issued 1,606 of these $100 notes. About 200 survive today. All of the Confederate Montgomery notes are scarce, popular and expensive. The prize is the $1,000 note which has become an icon for Confederate currency.
A side story for the $100 note I obtained was that it barely escaped capture by the Union forces. The Union was none too pleased that a northern banknote company was supplying paper money to the South. They almost incepted the shipment, which included this piece as it was leaving New York.
When the Confederate capitol moved to Richmond, Virginia, the paper money went with it. This was one of the first notes issued from Richmond. It was printed by the Southern Banknote Company which was the southern arm of the northern operation. They made quality notes, but they could not make enough of them to satisfy the South's needs. The Southern Banknote Company was finished when the Union captured New Orleans early in the war.
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 ... ?
I would never invest in coins. Even if the 10-20% buy/sell spread doesn't kill you, prices of 99% of coins don't keep up with the stock market over long periods of time.
Still no. Anticipate buying some nice new material in an upcoming show next weekend. I’ve adopted the philosophy that if I see a coin of interest, negotiate and if both parties are happy, purchase.
And I'm buying a new car. The one I'm driving is nine years old.
Wouldn't you rather keep the car another year and buy more coins? Mine is 16 years old, of course it's a Mustang convertible bought new.
I’d like to keep it. It runs well and has less than 50,000 miles on it, but my wife does not think it’s reliable for long trips. We were gone for two and a half weeks. When we returned the battery was dead for no apparent reason. So, it has to go. I also can’t update the GPS maps any more, which given the amount of road building in Florida is a concern.
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 ... ?
@TennesseeDave said:
I haven't bought a coin in several years due to the sky-high prices!!! The coins (XF-AU Trade $'s) I used to pay $400-500 are now $1000+. I only need 3-4 coins to finish my everymans set of circulated Trade dollars. The 73-CC is the most expensive one I need and I'm always looking, but it's hard for me to pay 3-4K for a coin I used to could get for 1K.
The only trade dollar I have is the 73-cc I got it here far a little over a hundred bucks.
Its got a hole in it though... makes you cringe a little when you see it (I Love it)
And I'm buying a new car. The one I'm driving is nine years old.
Wouldn't you rather keep the car another year and buy more coins? Mine is 16 years old, of course it's a Mustang convertible bought new.
I’d like to keep it. It runs well and has less than 50,000 miles on it, but my wife does not think it’s reliable for long trips. We were gone for two and a half weeks. When we returned the battery was dead for no apparent reason. So, it has to go. I also can’t update the GPS maps any more, which given the amount of road building in Florida is a concern.
Even a small electrical load sitting for 2 1/2 weeks will drain the battery, like a phone charger left plugged in. Simple to just put a trickle charger on it and not have to worry. If it's the original battery, at 9 years you've gotten more than the expected life out of it.
As for GPS- use your phone instead, the updates are automatic.
Now go buy some coins.
And I'm buying a new car. The one I'm driving is nine years old.
Wouldn't you rather keep the car another year and buy more coins? Mine is 16 years old, of course it's a Mustang convertible bought new.
I’d like to keep it. It runs well and has less than 50,000 miles on it, but my wife does not think it’s reliable for long trips. We were gone for two and a half weeks. When we returned the battery was dead for no apparent reason. So, it has to go. I also can’t update the GPS maps any more, which given the amount of road building in Florida is a concern.
Even a small electrical load sitting for 2 1/2 weeks will drain the battery, like a phone charger left plugged in. Simple to just put a trickle charger on it and not have to worry. If it's the original battery, at 9 years you've gotten more than the expected life out of it.
As for GPS- use your phone instead, the updates are automatic.
Now go buy some coins.
It just got its third battery, and there was no phone plugged in. I can rationalize. The next car will be smaller and sportier with some new gizmos and few less gizmos, like no back window shade.
I need to think about my next numismatic moves. The only hanging thread is a couple of Confederate notes, T-1 and T-2, which are very expensive. A dealer I trust told me a lot of rich guys are chasing those now.
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 ... ?
Comments
My last few offers have been rejected and I never accept counteroffers so yes; in an involuntary way. I have several submitted for crossover and grading so I'll live. Doing a lot of finger tapping tho. tap tap...tap tap....
USAF veteran 1984-2005
As you recall?
I'm old but not that old
Mike
My Indians
Dansco Set
This is one of the more interesting statements I’ve read here lately. You can grade raw coins hands down perfectly, but any coin you buy in a slab is a problem because it’s overgraded and ultimately sells for less when the time comes?
Two or three parts to this. One, I don't buy moderns, if I did I probably wouldn't because they would be over graded. And mostly nobody wants to buy them anyway unless they're half off PG. So I never buy graded moderns.
The coins I have purchased graded, classics typically come over graded in the form of ANACS and/or I don't know much about grading classics (part 2) and this is because of limited options. And I find those at a local pawn shop and the dealer guy there gives me a pretty decent deal (based on the grade). I could go down to US Coins in Houston and pay through the nose but I don't.
Then comes the selling well, trying to sell anywhere near PG on the BST or Ebay is like something Gutfeld said the other night, "You'll lose your shit faster than a knocked over Port O Potty ".
All of this makes me understand why you guys travel to shows and understand what the market likes or doesn't want but those guys weren't born this morning either.
Since my collecting has an "expected investment result" hurdle, price levels and movements are a bigger driver than budget for me. In other asset classes I'm a value investor, and my coin collecting is no different. Prices have been frothy since the pandemic lock-downs and I'm going slow looking for a correction.
Does the material give rise to the immaterial, or vice versa?
I have for the most part, with an exception of a couple @dcarr pieces last month, to put towards my "new to me" truck.
BST transactions: dbldie55, jayPem, 78saen, UltraHighRelief, nibanny, liefgold, FallGuy, lkeigwin, mbogoman, Sandman70gt, keets, joeykoins, ianrussell (@GC), EagleEye, ThePennyLady, GRANDAM, Ilikecolor, Gluggo, okiedude, Voyageur, LJenkins11, fastfreddie, ms70, pursuitofliberty, ZoidMeister,Coin Finder, GotTheBug, edwardjulio, Coinnmore, Nickpatton, Namvet69,...
I'm LOL because I'm happy for you. Nice truck.
Yeah I will be buying very few coins (only have 2 priority coins on my list each about 200$-300$) till late 2026. The life of the average citizen I suppose. Taxes suck but need to be paid.
Time to just sit back and enjoy what I was able to buy in the last few years and be happy I was even able to do so. I am a small time buyer but at least I have a hobby I truly enjoy.
Well... this put a significant dent in the budget... done for the year.
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.
Last purchase was in January 2025. Watching dealer sites almost daily but nothing is coming to market that fits my needs. Maybe in August.
Successful BST with drddm, BustDMs, Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
At least you went out with a bang congrats!!!
Thats a great looking 1909.
Lately Ive been focused on my bullion to justify my collecting. I have been picking away for my wall that commemorates the victims of the two World Wars and the Heros that struck down Fascism. Its coming along nicely and other then a few Morgans its been a slow numismatic year.
I am going to have to cool it for a few months. I shot my wad at Summer FUN when I finished my cent date set, and bought this $100 Montgomery Confederate note.
And I'm buying a new car. The one I'm driving is nine years old.
Good luck with that. As soon as prices drop, you'll think they are going to keep dropping and not buy. As soon as they go up, you'll think they are frothy and wait for a dip. Timing the market rarely works.
I would never invest in coins. Even if the 10-20% buy/sell spread doesn't kill you, prices of 99% of coins don't keep up with the stock market over long periods of time.
Well, between that one and the 1839/6 to complete my Middle Dates... I'm done for a while!
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.
I never buy coins as an investment. If they rise they rise if not well I did not expect them to anyways. It is just a hobby (passion) for me nothing else.
That is a really cool note!
For those who may not know the history, the first Confederate States of America capitol was in Montgomery, Alabama. At that time they set up their form of government, started to raise an army and issued their first notes. The National Banknote Company in New York City printed those first notes. There were $50, $100, $500 and $1,000 notes. They look like paper money, but they were bonds which paid 3.65% annual interest.
The Confederates issued 1,606 of these $100 notes. About 200 survive today. All of the Confederate Montgomery notes are scarce, popular and expensive. The prize is the $1,000 note which has become an icon for Confederate currency.
A side story for the $100 note I obtained was that it barely escaped capture by the Union forces. The Union was none too pleased that a northern banknote company was supplying paper money to the South. They almost incepted the shipment, which included this piece as it was leaving New York.
When the Confederate capitol moved to Richmond, Virginia, the paper money went with it. This was one of the first notes issued from Richmond. It was printed by the Southern Banknote Company which was the southern arm of the northern operation. They made quality notes, but they could not make enough of them to satisfy the South's needs. The Southern Banknote Company was finished when the Union captured New Orleans early in the war.
Just bought a house so slowed down a bit, at least until the old one closes.
Collector, occasional seller
Wouldn't you rather keep the car another year and buy more coins? Mine is 16 years old, of course it's a Mustang convertible bought new.
It's sobering; but, timing is everything.
Still no. Anticipate buying some nice new material in an upcoming show next weekend. I’ve adopted the philosophy that if I see a coin of interest, negotiate and if both parties are happy, purchase.
Nice truck! What year is it?
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
2017
BST transactions: dbldie55, jayPem, 78saen, UltraHighRelief, nibanny, liefgold, FallGuy, lkeigwin, mbogoman, Sandman70gt, keets, joeykoins, ianrussell (@GC), EagleEye, ThePennyLady, GRANDAM, Ilikecolor, Gluggo, okiedude, Voyageur, LJenkins11, fastfreddie, ms70, pursuitofliberty, ZoidMeister,Coin Finder, GotTheBug, edwardjulio, Coinnmore, Nickpatton, Namvet69,...
No. It’s what I do.
``https://ebay.us/m/KxolR5
I’d like to keep it. It runs well and has less than 50,000 miles on it, but my wife does not think it’s reliable for long trips. We were gone for two and a half weeks. When we returned the battery was dead for no apparent reason. So, it has to go. I also can’t update the GPS maps any more, which given the amount of road building in Florida is a concern.
The only trade dollar I have is the 73-cc I got it here far a little over a hundred bucks.
Its got a hole in it though... makes you cringe a little when you see it (I Love it)
It's all about what the people want...
Even a small electrical load sitting for 2 1/2 weeks will drain the battery, like a phone charger left plugged in. Simple to just put a trickle charger on it and not have to worry. If it's the original battery, at 9 years you've gotten more than the expected life out of it.
As for GPS- use your phone instead, the updates are automatic.
Now go buy some coins.
Collector, occasional seller
It just got its third battery, and there was no phone plugged in. I can rationalize. The next car will be smaller and sportier with some new gizmos and few less gizmos, like no back window shade.
I need to think about my next numismatic moves. The only hanging thread is a couple of Confederate notes, T-1 and T-2, which are very expensive. A dealer I trust told me a lot of rich guys are chasing those now.