So all the examples of dreck defined so far are coins in slabs. If I understand this correctly, a coin is not dreck until a TPG makes it so? In other words, are the TPG's responsible for all dreck?
There is no "AT" or "NT". We only have "market acceptable" or "not market acceptable.
<< <i>Here is the true definition of dreck - any coin for which a dealer doesn't see a good upside. >>
It has nothing to do with what a dealer perceives as "good upside". There are many fantastic coins with no upside (due to their high asking prices). And there are also many coins which could fairly be described as "dreck", but which still offer upside (due to their low asking prices).
Legend has quality coins, typically for full retail. She's a good salesperson too -- decrying dreck and pushing widgets. There are only 20,000 MS66 $20 SG's in PCGS holders.
The recommendation of PF64 type (barber and seated) has generally been a dud for the last 4 years. If you bought less than upgradeable 64+ coins you've lost significant money in these. While they should be a value buy and look like a value buy they have failed to perform. They've also backed off a lot the past 2 yrs such that unless you bought them more than 5 yrs ago you're easily underwater. The PF65 or higher type is probably a better play since that's where speculators and investors flock when things start to get hot.
It's no secret that $5 and $10 Indian gold is laughingly cheap in MS63 to MS65. The bids for gem $10's have been falling since December 2009 but probably no coins have shown up. Those coins weren't showing up when bids were over $5000. Does anyone think that they will miraculously show up at $3400-$3600 bid today unless they are just overgrade 64+ coins? The 63's at not much over $1000 are as cheap as they've been since January 2009 when gold was last flirting with around $900/oz. They're also cheaper than what they cost in 2006 at $735 gold. And they contain one half ounce of bullion and don't exist in the hundreds of thousands like MS63 saints and $20 Libs do. Yeah per ounce they aren't much diff in price. Yes, Indian gold is cheap. The $10's Ind/Libs in 63-65 now offer the best value in generic gold.
The article says they will make an offer on any coin they've ever sold. Suppose you bought a coin from them and they wouldn't make an offer on it.
<< <i>Its so hard to take someone seriously when they claim to be the leaders and innovators and can't seem to operate a spell checker. 10 million dollars of business in one month surely can fund a proof reader before throwing limited language skills out there for the world to see. My boss beats me to death if my technical reports have mistakes in them.
John >>
I agree with JapanJohn 100%. I enjoy the information the newsletters provide and take no offense at their choice of words. However, if I were the type of well heeled customer that could buy some of their high end coins and knew very little about their company, I would be leery about dealing with a company that would issue a report with so many misspelled words. The information you put out to the public reflects your company. IMHO, to issue any information with such easily corrected errors reflects a lack of attention to detail and laziness that could indicate the same type of carelessness in their dealings with customers.
I can never find the misspelled words. lol They are the leader of the high end coins no doubt and she could sell ice to eskimos. I am a little surprised that a woman of her standing would not take her spelling a little more serious. I am sure it does turn off some and some probably think .... about her. Maybe if she spelled perfect they would sell 20 million a month in coins if they could find them. LOL
I doubt most of their customers are english majors ( the money is not in that field to buy coins anyway)
Report on. She is the queen of coins!!!!
Mark NGC registry V-Nickel proof #6!!!! working on proof shield nickels # 8 with a bullet!!!!
I asked Laura about her spelling. She told me she has customers who can't spell numismatics. She claims she is too busy and can only do one quick draft. I totally believe her on being busy, she does come up with some very neat coins. How she runs Legend I and answers my emails at 3 AM I will never figure out. I can see why she is always in a rush.
Her spelling sometimes others me (when she leaves out an imporant phrase), but most of the time it seems ok.
Thanks for the link - good reading. That's alot of coins!
Wish I could be a Legend customer, but they don't carry CWT's struck over US coins.
"My friends who see my collection sometimes ask what something costs. I tell them and they are in awe at my stupidity." (Baccaruda, 12/03).I find it hard to believe that he (Trump) rushed to some hotel to meet girls of loose morals, although ours are undoubtedly the best in the world. (Putin 1/17) Gone but not forgotten. IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Broadstruck, Ricko, Big Moose, Cardinal.
How about slimy sludge dreck. Or cesspool sludge dreck. Maybe sewer-gas sludge dreck.
Anyone else out there good with colorful adjectives and metaphors? >>
Laura's usage of the term is as if she actually means DREGS
1.(collectively) The sediment settled at the bottom of a barrel; the lees in a container of unfiltered wine. 2.(figuratively, the dregs) The worst and lowest part of something. The dregs of society
Frank Provasek - PCGS Authorized Dealer, Life Member ANA, Member TNA. www.frankcoins.com
How about slimy sludge dreck. Or cesspool sludge dreck. Maybe sewer-gas sludge dreck.
Anyone else out there good with colorful adjectives and metaphors? >>
Laura's usage of the term is as if she actually means DREGS
1.(collectively) The sediment settled at the bottom of a barrel; the lees in a container of unfiltered wine. 2.(figuratively, the dregs) The worst and lowest part of something. The dregs of society >>
Comments
<< <i>Here is the true definition of dreck - any coin for which a dealer doesn't see a good upside. >>
That coin must belong to his competition then.
<< <i>Here is the true definition of dreck - any coin for which a dealer doesn't see a good upside. >>
It has nothing to do with what a dealer perceives as "good upside". There are many fantastic coins with no upside (due to their high asking prices). And there are also many coins which could fairly be described as "dreck", but which still offer upside (due to their low asking prices).
Camelot
It's no secret that $5 and $10 Indian gold is laughingly cheap in MS63 to MS65. The bids for gem $10's have been falling since December 2009 but probably no coins have shown up. Those coins weren't showing up when bids were over $5000. Does anyone think that they will miraculously show up at $3400-$3600 bid today unless they are just overgrade 64+ coins? The 63's at not much over $1000 are as cheap as they've been since January 2009 when gold was last flirting with around $900/oz. They're also cheaper than what they cost in 2006 at $735 gold. And they contain one half ounce of bullion and don't exist in the hundreds of thousands like MS63 saints and $20 Libs do. Yeah per ounce they aren't much diff in price. Yes, Indian gold is cheap. The $10's Ind/Libs in 63-65 now offer the best value in generic gold.
The article says they will make an offer on any coin they've ever sold. Suppose you bought a coin from them and they wouldn't make an offer on it.
Been there, done that. Next question?
roadrunner
.....................................................
<< <i>Its so hard to take someone seriously when they claim to be the leaders and innovators and can't seem to operate a spell checker. 10 million dollars of business in one month surely can fund a proof reader before throwing limited language skills out there for the world to see. My boss beats me to death if my technical reports have mistakes in them.
John >>
I agree with JapanJohn 100%. I enjoy the information the newsletters provide and take no offense at their choice of words. However, if I were the type of well heeled customer that could buy some of their high end coins and knew very little about their company, I would be leery about dealing with a company that would issue a report with so many misspelled words. The information you put out to the public reflects your company. IMHO, to issue any information with such easily corrected errors reflects a lack of attention to detail and laziness that could indicate the same type of carelessness in their dealings with customers.
I doubt most of their customers are english majors ( the money is not in that field to buy coins anyway)
Report on. She is the queen of coins!!!!
NGC registry V-Nickel proof #6!!!!
working on proof shield nickels # 8 with a bullet!!!!
RIP "BEAR"
Her spelling sometimes others me (when she leaves out an imporant phrase), but most of the time it seems ok.
Wish I could be a Legend customer, but they don't carry CWT's struck over US coins.
<< <i>I'm wondering what tops "sludge dreck."
How about slimy sludge dreck. Or cesspool sludge dreck. Maybe sewer-gas sludge dreck.
Anyone else out there good with colorful adjectives and metaphors? >>
Laura's usage of the term is as if she actually means DREGS
1.(collectively) The sediment settled at the bottom of a barrel; the lees in a container of unfiltered wine.
2.(figuratively, the dregs) The worst and lowest part of something. The dregs of society
<< <i>
<< <i>I'm wondering what tops "sludge dreck."
How about slimy sludge dreck. Or cesspool sludge dreck. Maybe sewer-gas sludge dreck.
Anyone else out there good with colorful adjectives and metaphors? >>
Laura's usage of the term is as if she actually means DREGS
1.(collectively) The sediment settled at the bottom of a barrel; the lees in a container of unfiltered wine.
2.(figuratively, the dregs) The worst and lowest part of something. The dregs of society >>
I think that you are onto something.
<< <i>
Laura's usage of the term is as if she actually means DREGS
>>
Are you talking about when she refers to bad coins or when she lambastes us forum weenies? I kid, I kid
dreck
   /drɛk/ Show Spelled[drek]
–noun Slang .
1. excrement; dung.
2. worthless trash; junk.
dreck
"filth, trash," 1922, from Yiddish drek (Ger. dreck ), from M.H.G. drec, from P.Gmc. þrekka (cf. O.E. þreax "rubbish," O.Fris. threkk ), probably connected to Gk. skatos "dung," L. stercus "excrement."
Online Etymology Dictionary, © 2010 Douglas Harper