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Hitting the Wall
ziggy29
Posts: 18,668 ✭✭✭
Do y'all ever reach a point where it seems like you just can't find any of the coins you need? And if you find them, they're either sold immediately or bid well beyond "stupid money?"
That's about where I'm feeling now.
I haven't made an addition to the type set in a month. Still, I'm determined not to drop my standards because of it. It's really frustrating, though -- when I receive notification of some dealer's new purchase in e-mail, when I check it -- usually within a small number of hours -- it's already gone. Or I finally find something up for auction somewhere. Even with a healthy bid at the ready, lately the nice ones I'm looking for are bid up to stupid money so early that even my best snipe is defeated hours ahead of time.
I guess it's a good thing this time of year, what with property taxes due soon and all. But I can still afford $50 here, $150 there, even $250-$300 once in a while. And I need plenty of coins in that category -- or what should be in that category -- but I just can't seem to get my hands on them.
It feels like I've hit the wall. Perhaps I should look at it as saving money for the right opportunity.
That's about where I'm feeling now.
I haven't made an addition to the type set in a month. Still, I'm determined not to drop my standards because of it. It's really frustrating, though -- when I receive notification of some dealer's new purchase in e-mail, when I check it -- usually within a small number of hours -- it's already gone. Or I finally find something up for auction somewhere. Even with a healthy bid at the ready, lately the nice ones I'm looking for are bid up to stupid money so early that even my best snipe is defeated hours ahead of time.
I guess it's a good thing this time of year, what with property taxes due soon and all. But I can still afford $50 here, $150 there, even $250-$300 once in a while. And I need plenty of coins in that category -- or what should be in that category -- but I just can't seem to get my hands on them.
It feels like I've hit the wall. Perhaps I should look at it as saving money for the right opportunity.
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Russ, NCNE
My posts viewed times
since 8/1/6
<< <i>I used to hit the wall, but I kept hurting my hand. Now I just throw things at it.
Russ, NCNE >>
Are you sure it wasn't just your hand?
you purchase under the lower standards and will sell them at a loss.
Camelot
<< <i>I used to hit the wall, but I kept hurting my hand. Now I just hit Marty instead.
Russ, NCNE >>
42/92
Some other folks around here are reporting that the coin market is weakening. I suspect that the coins they're talking about are quite common, and more are found or "made" every few days, for which some folks continually receive the coveted "you suck" accolades.
For that kind of coin, I agree, and think the "coin market" for those coins will begin or continue to weaken.
For "real coins" that are scarce in ANY grade, I think the "coin market" will continue to do quite well.
Liberty: Parent of Science & Industry
<< <i>Perhaps I should look at it as saving money for the right opportunity. >>
A wise thought.
<< <i>I haven't made an addition to the type set in a month. >>
Have not been able to do anything for a month? Try several years.
Last week I bid on a Lincoln 1860 campaign medalet, which I've been looking for for about three years in the Herritage Auction. I was leading after the email bid phase of the auction closed by a couple bids, but someone took it on the floor one bid ahead of mine. I bid 20% more than the highest estimate, which was more than I thought the lot was worth, but it made no difference.
High Relief Saint in 65 for $21.00? "No, thanks, under 20x, I see a little hit next to the torch."
1861-D G$1 in crusty 45 for a $1.50? "Is it that a green spot under the six in the date?"
(You get the idea...)
you have a good eye, the coins will come, right after to bought one you should have passed on.
Buying top quality Seated Dimes in Gem BU and Proof.
Buying great coins - monster eye appeal only.
JT
I collect all 20th century series except gold including those series that ended there.
Not long ago, a few coins became available that I thought would not be available to me. I was glad I had some 'dry powder' to deal with that.
Focus on the hunt! Do not become impatient; do not reduce your standards.
Never give up...never surrender.
"Keep your malarkey filter in good operating order" -Walter Breen
<< <i>I think I am hitting the wall, in a different way. It is getting increasingly difficult to find coins that interest me enough to add to my collection. I seem to be able to talk myself out of just about anything.
High Relief Saint in 65 for $21.00? "No, thanks, under 20x, I see a little hit next to the torch."
1861-D G$1 in crusty 45 for a $1.50? "Is it that a green spot under the six in the date?"
(You get the idea...) >>
If you ever want to get rid of those "problem" saints for $21.00 give me a PM. More than happy to ease your pain.
They had walls back then?
Think beyond your mind
That endeth the lesson of today--Grasshopper
Menomonee Falls Wisconsin USA
http://www.pcgs.com/SetRegistr...dset.aspx?s=68269&ac=1">Musky 1861 Mint Set
<< <i>Do y'all ever reach a point where it seems like you just can't find any of the coins you need? And if you find them, they're either sold immediately or bid well beyond "stupid money?"
That's about where I'm feeling now.
I haven't made an addition to the type set in a month. Still, I'm determined not to drop my standards because of it. It's really frustrating, though -- when I receive notification of some dealer's new purchase in e-mail, when I check it -- usually within a small number of hours -- it's already gone. Or I finally find something up for auction somewhere. Even with a healthy bid at the ready, lately the nice ones I'm looking for are bid up to stupid money so early that even my best snipe is defeated hours ahead of time.
I guess it's a good thing this time of year, what with property taxes due soon and all. But I can still afford $50 here, $150 there, even $250-$300 once in a while. And I need plenty of coins in that category -- or what should be in that category -- but I just can't seem to get my hands on them.
It feels like I've hit the wall. Perhaps I should look at it as saving money for the right opportunity. >>
Go to a major coin show...you will find what you want and cure your needs.
I give away money. I collect money.
I don’t love money . I do love the Lord God.
It did not work for me. This was the first time that I went to a national coin show that not only did I not exceed my budget, I was a net seller!
i am not going to kill myself to buy them.
at first i was happy with a common date half eagles in AU or low MS
which was affordable considering the intrinsic value of the coin was
greater then 50% in most cases.
then it became the much much harder dates where i could only afford
coins in VG08 or what have you.
so the rest are gone and i kept two nice ones. own with motto and
one without.
my lib half eagle type set :-|
for a bit i thought about collecting low ball coins.. and have one nice
one.. but to find them truly original is difficult.
Now i am content not buying anything and just reading the boards
and enjoying other people's purchases. much more affordable.
i find, for myself, that is how i mature into a hobby. more was better
until a point when you realize it is not so.
<< <i>so the rest are gone and i kept two nice ones. own with motto and
one without.
my lib half eagle type set :-| >>
If you have a change of heart, i've got seven of your former half eagles, all safe and snug.
"Daddy? Where is daddy?" they say to me. It's creepy.
Seriously, though, I hear you.
My response to "the wall" has been to try to open my eyes wider. Broaden the series I look at. See if I can convince myself there is something i've been missing about a series that I previously didn't get. Also, there is much in the land of world coins that is interesting. So much time and so many places make for almost an infinite variation of stuff!
Keeping the spark alive is hard. Sometimes you need to let the spark die and let some other interest kindle itself.
Check out my current listings: https://ebay.com/sch/khunt/m.html?_ipg=200&_sop=12&_rdc=1
I wonder if the reasons for hitting the wall changed?
The conditions sure have.