Edited to add: I didn't see this the first time around, so my congrats are belated
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.
...that was a really really really Awesomley good post, full of perfect advise and written by somebody who has done himself, everything that he recommends....Mad Respect & Gold CAC Sticker for sure
@tradedollarnut Still good advice! Since the market has changed slightly with the advent of CAC and higher auction fees, do you have anything new to add?
All of the advice is very good. These are the two point that stand out the most to me:
Sometimes, you have to pay too much for a coin. As long as it’s the right coin, that’s ok. In fact, for the right coin you almost always have to pay ‘too much’. The secret is in knowing which are the right coins and which are the wrong ones.
Collectors tend to focus too much on marks and not enough on originality of surfaces. We tend to overgrade the coin that doesn’t have original bloom on the devices but clean fields. We tend to undergrade the coin that has wonderful bloom but marks here or there.
@Russ said:
Excellent post, now where's the giveaway?
<< Buy the nicest coin you can for the grade. You’ll pay extra for this, but the fact is that the number on the holder limits the price you pay. The holder actually has a negative value in this instance. >>
This is an interesting - and very true - phenomenon. Whether we like to admit it ir not, much of the market perceives the major grading services as infallible. If they decided a coin was a certain grade, then it must be so. There are quite a few coins out there that are much nicer than the label would indicate, BUT...
The opposite is also true. I've seen too many examples of buyers believing so strongly in that label that they pay full money for glaringly obvious dogs. I call it the "you can't be right because PCGS says differently" syndrome. Make it very clear that a coin is overgraded and most of the time it doesn't matter. It still brings more than it's worth.
<< A dealer you can trust is a very valuable resource. Once you and he are on the same wavelength >>
I remember selling you a coin many, many years ago (a 1930 SLQ PCGS MS65 FH OGH, as I recall), and being flattered that a collector of your stature could possibly be interested in any humble offering I had.
Collector since 1976. On the CU forums here since 2001.
Comments
"Keep your malarkey filter in good operating order" -Walter Breen
Classic thread bump!
I'd love to see some $100 TDN coins
Congrats, and thanks for a great post!
Edited to add: I didn't see this the first time around, so my congrats are belated
Great post and thanks for bringing it up again.
I love that TDN's love for coins transcends all levels of the hobby and that he's willing to share at all levels too.
...that was a really really really Awesomley good post, full of perfect advise and written by somebody who has done himself, everything that he recommends....Mad Respect & Gold CAC Sticker for sure
@tradedollarnut Still good advice! Since the market has changed slightly with the advent of CAC and higher auction fees, do you have anything new to add?
He probably made 25,000 additional posts but lost them when the OF dump took place.
Great transactions with oih82w8, JasonGaming, Moose1913.
I don't always appreciate recycles, but I do appreciate this one.
Thanks TDN...good advice.. and thank you for continuing to post here.
Tom
Congrats, now show us your rattler collection.
Congrats on 10k
Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb, Ricko
Bad transactions with : nobody to date
Truly solid advice from a true master collector. Great seeing you at the show.
Great post.
Would the sight-unsen rule still apply with all the advances in digital photography in the last decade?
Great advice! Thank you and congrats!
All of the advice is very good. These are the two point that stand out the most to me:
Sometimes, you have to pay too much for a coin. As long as it’s the right coin, that’s ok. In fact, for the right coin you almost always have to pay ‘too much’. The secret is in knowing which are the right coins and which are the wrong ones.
Collectors tend to focus too much on marks and not enough on originality of surfaces. We tend to overgrade the coin that doesn’t have original bloom on the devices but clean fields. We tend to undergrade the coin that has wonderful bloom but marks here or there.
Ttt for @oreville
@tradedollarnut . Closing in on twenty years later. Did you take your own advice? James
Timeless advice... I think that was my comment 15 or so years ago?? lol...
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 miss Russ.
I cannot believe I read and posted to this thread and had forgotten it!
Shame on me!
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Congrats on the milestone, TDN.
I remember selling you a coin many, many years ago (a 1930 SLQ PCGS MS65 FH OGH, as I recall), and being flattered that a collector of your stature could possibly be interested in any humble offering I had.
Collector since 1976. On the CU forums here since 2001.