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Hey Anaconda-How do I get stupid money for coins I paid stupid money for?
MadMonk
Posts: 3,743 ✭
Got any advice?
Today's mighty oak is just yesterday's nut that held its ground.
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I will probably be shot for even mentioning "The List." Forget I said anything about it.
Clankeye
If you were just stupid and the coins aren't worth it, then you are screwed.
<< <i>If the coins are MONSTERS, then there is a LONG line to the right.
If you were just stupid and the coins aren't worth it, then you are screwed. >>
The coins are nice. Not all go into the monster category, but all are better to much better than average.
I actually only paid semi-stupid money for about 5-10 out of about 60 coins. Just cause for years I coudnt find a nice piece, so when I found one, I paid basically full retail.
stupid people list.
Camelot
if you paid Stupid (smart) money for Stupendous coins, they will sell, possibly at a profit for you!
if you stupidly paid stupid money for stupid coins, then you will have to sell them for a stupid loss.
Liberty: Parent of Science & Industry
The hard part is looking the dealer straight in the eye and asking $500 for a $50 greysheet dollar because it has stupid color - and when he laughs (or she in Laura's case), smile walk away and do it again (and again, and again, ....)
<< <i>Its just lucky I am a bear , or for sure I would be on the
stupid people list.
+
Bear, you are a fast learner!!
I don't know if stupidity is the core of the issue. I would prefer to make an analogy to drug addiction. You first spend a lot of time and effort creating a market, which requires identifying something that gives people a quick "high". Slowly introducing more and more of the drug into the market, cleverly marketing the product, and expanding your user (addict) base. Once you get enough people hooked on the product, the market becomes self-sustaining. Create a godfather image, cleverly create a base of small-time and mid-level suppliers, and get the money machine rolling. Eventually the addiction may even become acceptable - especially if you can keep the competition out by labeling a major portion of the market (the portion you don't control, as evil, or at least not authentic). Perhaps some of the addicts are stupid, but my guess most of them aren't, they are just hooked. It's a much more complex game then some would like you to believe. Of, course, I'm probably all wrong, just my silly little girlish head.
to me, coins like the 1913 nickel, 09SVDB, 1943 copper, 1804 dollar are not "worth it", and not simply because I can't afford them, even if I could afford them, I'd rather spend the money on different coins.
similarly, beautiful toning, while desireable to me, is not "worth" what it costs for the pieces I would want, so I choose not to "afford" them. there is too much demand to compete for the coins with all the money chasing the very very best, have to move down the quality ladder to get me some value,
similarly, with respect to ultra high grade modern coins, I would rather have a nice, uncirculated kennedy half set in an album than one MS69, and I would rather have a whole set of unc and proof Ike dollars in an album rather than one MS68 coin. thats just me, I'm sure people who feel the opposite are very happy with their coins, and maybe they think I am stupid for my choices, i dunno.
alls i know is, in the collectible field, the more esoteric an item, and the more "special" premium attached to it, the harder it is to find a buyer who will pay "stupid" money for it. not saying there's no buyers, it's just a liquidity issue. you have to hold out for your price and find someone with the same subjective taste as you to take it off your hands.
more ordinary pieces are more liquid if you need the money in a hurry.
Liberty: Parent of Science & Industry
This statement is NOT true.
Try selling 50 white, common 1881-S MS65 PCGS Morgans for around $5,000 compared to selling a few monster toned Morgans of the same date, grade and service to get the same $5,000. The monsters will sell immediately while you'll need to sell the ordinary pieces slowly, over time, to get decent money.
What will you be more proud of in ten years?
and just HOW MUCH you paid for your monsters vs the box of normal coins.
yes, I'd rather have 10 monsters than 100 white ones
would I rather have 1 monster than 100 white ones?
how about 1000 white ones?
at some point, you can overpay by so much that finding a stupider buyer is tough.
Liberty: Parent of Science & Industry
beauty of the coin (that which removeth all common sense) and sell the coin, charging a modest sum.
adrian
<< <i>If you have coins that generate the "mother of all coin lust urges", send them to me. I can capture the
beauty of the coin (that which removeth all common sense) and sell the coin, charging a modest sum.
adrian >>
I guess we need to talk.
This was a serious weirdness experience. I'd forgotten about this thread and re-read it when it TTTd.
I thought for a second (as I re-scanned the posts) that Greg(TM) was back.
I saw the same ghost
BTW: Coins trade in a circular queue. To make money, you have to sell it to somebody dumber than you. Once the stupidest person owns it, it then gets sold at a big discount to a dealer and the cycle starts over again.
My posts viewed
since 8/1/6
Everyone violates what seems to me to be one of the basic guidelines for enjoying numismatics which is buy the best and hold for the long
term?
It seems to me that ugly and average coins go from one hand to another but that the really gorgeous coins get held for longer than a few years.
adrian
how did that happen ??
welcome back,
Larry
POB 854
Temecula CA 92593
310-710-2869 cell
www.LSRarecoins.com
Larry@LSRarecoins.com
<< <i>Greg is back ??
how did that happen ??
welcome back,
Larry >>
Larry, take off your gas mask, it was just another false alarm.