does anyone know another person, or themself, that is trying to collect every US coin?
fc
Posts: 12,793 ✭✭✭
thanks for any interesting stories.
edited to add: if no one, was Eliasberg one of the few who tried?
edited to add: if no one, was Eliasberg one of the few who tried?
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The following ground rules would apply:
* Keep the collection as confidential as possible
* Use a small number of very well trusted and well connected agents
* Try to make purchases by private treaty instead of by auction
* Use multiple agents so a single buyer doesn't draw as much attention
* Do not resubmit ANYTHING to the services
* Do not personally attend any shows or auctions
Collections are turning over at unprecendented rates, and for an enterprising billionaire, this would be as good a time to go for it as any. Look at how fast the Richmond collection was put together and turned over.
By the way, I was at an event awhile back where a collector described his collection and how he had adhered to much of the above, and in doing so I realized that he had cheated himself of much of the camaraderie and friendship that can go along with collecting. Yes, it is a competition at some level, but we shouldn't get so taken with that that we do not miss out on the fun.
As PCGS says, the coin market is thinly capitalized which makes it stunningly vulnerable to manipulation. Consider accumulators. Say someone wanted to buy 1,000,000 double eagles (a substantial portion of the surviving population) even at $800/per would only be $800,000,000.00. Not even a billion dollars! Well within the reach of some of these folks.
Anyone remember the Hunt brothers? Oh yeah, they went broke!
Check out my current listings: https://ebay.com/sch/khunt/m.html?_ipg=200&_sop=12&_rdc=1
1991, My sons birth year.
Hopefully Mr Hall will see fit to add complete year sets to the registry !
<< <i>By the way, I was at an event awhile back where a collector described his collection and how he had adhered to much of the above, and in doing so I realized that he had cheated himself of much of the camaraderie and friendship that can go along with collecting. Yes, it is a competition at some level, but we shouldn't get so taken with that that we do not miss out on the fun. >>
Of course it would be possible to follow your "rules" on how to form such a collection and still enjoy the camaraderie and friendship. Build "The Collection" behind the scenes privately using your "rules" while building a different collection personally and publicly.
As PCGS says, the coin market is thinly capitalized which makes it stunningly vulnerable to manipulation. Consider accumulators. Say someone wanted to buy 1,000,000 double eagles (a substantial portion of the surviving population) even at $800/per would only be $800,000,000.00. Not even a billion dollars! Well within the reach of some of these folks.
1 MILLION double eagles is approx the current sum of NGC + PCGS pops. Imagine clearing out the entire Saint population.
Anyone remember the Hunt brothers? Oh yeah, they went broke
The Hunts did nothing illegal in acquring a huge position in silver.
They followed all the laws. Unfortunately this didn't make other commercial shorts happy and they solicited the govt to come down on the Hunts. The govt obliged and increased the margin requirements and forced the Hunts to fold their hand. You could probably say what was done to them was criminal. This would be no different from your mortgage calling you up one day and telling you that they were raising the rates on your fixed rate 15 year mortgage.
roadrunner
However I'll accept all donations in my attempt to attain this lofty goal!
I'm more of a type Coin collector - and I don't even want one of each type!