What aspect, if any, of the coin collecting hobby...

RWB · March 20, 2011 3:56AM

...do you wish would "go away?"

questor54 · March 20, 2011 4:03AM

Registries. While they have saved the market for many coins, I believe they have distorted pricing.

They will never go away. They go back, in spirit, to two collectors comparing their coins. Long before Sheldon "Large Cent Whist" even.

291fifth · March 20, 2011 4:49AM

NCLT

Coinosaurus · March 20, 2011 4:55AM

The ridiculous parking rates at all the convention centers.

CaptMorgan · March 20, 2011 4:56AM

The prices...

bidask · March 20, 2011 5:04AM

altered surface coins in TPG slabs

llafoe · March 20, 2011 5:05AM

The overabundance of mint products. It'd be nice to have a cent, nickel, dime, quarter, half and dollar for each of the three mints... and NOTHING more!

dogwood · March 20, 2011 5:07AM

I don't swim in this pool, but the idea that a tiny mark seen only under a loupe can mean a difference of five figures in price.

PerryHall · March 20, 2011 5:08AM

The greed, big egos, and dishonesty of some dealers.

MidLifeCrisis · March 20, 2011 5:13AM

<< The overabundance of mint products. It'd be nice to have a cent, nickel, dime, quarter, half and dollar for each of the three mints... and NOTHING more! >>

llafoe · March 20, 2011 5:16AM

<< The greed, big egos, and dishonesty of some dealers. >>

Well at least you chose three things that were mutually exclusive!

lunytune2 · March 20, 2011 5:36AM

All the coins that are minted but not circulated ....I like to keep my Dansco albums updated , not my main focus, but you can't even collect moderns out of circulation anymore !

Amigo · March 20, 2011 5:38AM

The rip off National Dealers that use Magazines and Cable Networks to market their Junk. I have been buying from the public for the last 7 yrs. I come across it over and over.

Case in point. Yesterday I purchased a hoard that was acquired over about a 15 yr time period from an elderly gentleman. Multiple sets of state qtrs, framed type sets, vairous sets in great presentation boxes. 24 kt plated coins and stamps etc etc.

All of it packaged and illistrated as if it was worth a fortune. I purchased everything from him, but very little was worth more than face. I paid him face of $1200, of which he had paid over $12000. Those companies prey on the elderly and unknowleageable ......

FilthyBroke · March 20, 2011 5:43AM

Deception, as in counterfeiting and doctoring.

BaseballAbs · March 20, 2011 5:48AM

Counterfeiting all the way, I wish it would go away forever!

Billet7 · March 20, 2011 5:59AM

I can't make up my mind, so I will second the opinions of everyone who has already posted!

llafoe · March 20, 2011 5:59AM

<< Counterfeiting all the way, I wish it would go away forever! >>

Then what would all the plastic surgeons do for a living?

COALPORTER · March 20, 2011 6:02AM

Dealers and others that wont buy a coin because of the plastic it is in.

llafoe · March 20, 2011 6:04AM

<< Dealers and others that wont buy a coin because of the plastic it is in. >>

That tends to be experience or learned behaviour... or both.

questor54 · March 20, 2011 6:09AM

<< Dealers and others that wont buy a coin because of the plastic it is in. >>

Unless that plastic is full of PVC, of course.

CEOGBOSE · March 20, 2011 6:28AM

Grading inconsistencies

leothelyon · March 20, 2011 6:28AM

Get rid of registry points, gpa's, rankings. List collections alphabetically that have images. Show % of completion. Give option to buy a code number to list any company slab in a separate registry catagory for true coin collectors.

This way, I'll be able to show some respect to those collectors who collect really nice coins.

Leo

golfer72 · March 20, 2011 6:55AM

Plus grading and the Star designation.

llafoe · March 20, 2011 6:57AM

<< This way, I'll be able to show some respect to those collectors who collect really nice coins. >>

If you collected really nice coins, they'd ALL be in PCGS slabs!

COALPORTER · March 20, 2011 7:05AM

<< 

<< This way, I'll be able to show some respect to those collectors who collect really nice coins. >>

If you collected really nice coins, they'd ALL be in PCGS slabs!

>>

Does it work in reverse?

"If you have PCGS slabs, you have a really nice coin"

Is this always true?

RedTiger · March 20, 2011 7:16AM

The pettiness. A bunch of mostly upper income white males and many of them purposely choose to spend a good part of their energy on grudges. I guess some of that is to be expected with a bunch of males with above average incomes, and lower than average social skills, but the pettiness often gets way over done, and tends to spill over to almost every area of the hobby.

ricko · March 20, 2011 7:39AM

The extreme focus on nitty gritty differences on coins as if they were major variants really worthy of notice.... hairsplitting, obsessive-compulsive focus on trivia and meaningless detail. Blecchhh.... Cheers, RickO

MrEureka · March 20, 2011 7:58AM

Third party grading. The business was a lot more fun when the only opinions that mattered were those of the buyer and seller.

llafoe · March 20, 2011 8:21AM

<< Third party grading. The business was a lot more fun when the only opinions that mattered were those of the buyer and seller. >>

You mean buyer, seller and doctor.

Frankcoins · March 20, 2011 9:09AM

The recent examples of dealer groups, grading services, and the ANA to go into full war mode against the LESSER of two problems.

2007 - Which is the bigger problem on Ebay?

1. SEGS and PCI slabs containing genuine coins

2. Totally counterfeit raw coins from China.

The coin community chose #1 as their target, and millions of coins are unsellable on eBay, many sellers received 30 day
suspensions for selling them even under the new rules (as I did, when a raghead Ebay "trust and safety" guy interpreted the rules to mean that
even showing a PHOTO of a non-approved slab was MENTIONING it, or a VAM number was a numerical grade of a raw coin.) Ebay sent out letters
deeming SEGS and other brands of slabs as COUNTERFEIT, ruining the reputations of many sellers,

Some permanently suspended, (see this typical example) who bought these coins in good faith from legitimate sellers.

You can't find more than 2 or 3 SEGS or PCI slabs on eBay, and those are quickly zapped.

But what did they do about the totally fake counterfeits? NOTHING.

Now today...

Which is the bigger problem in numismatics?

1. Genuine coins in authentic slabs which someone "improved" in ways that may or may not be acceptable

2. Dangerously good counterfeits in dangerously good counterfeit PCGS and NGC slabs.

Ahh, once again they chose #1

Barry · March 20, 2011 9:47AM

Nitpicky numerical grades. Back to simpler times...

DIMEMAN · March 20, 2011 9:53AM

>>>Registries. While they have saved the market for many coins, I believe they have distorted pricing.<<<

Boy, I couldn't disagree more! The Registry has done more for coin collecting than any other single thing since the beginning of coin collecting!

What should go away is BULLION!!!

GoldenEyeNumismatics · March 20, 2011 12:34PM

<< The greed, big egos, and dishonesty of some dealers. >>

The greed, big egos, and dishonesty of some collectors.

leothelyon · March 20, 2011 1:02PM

<< The extreme focus on nitty gritty differences on coins as if they were major variants really worthy of notice.... hairsplitting, obsessive-compulsive focus on trivia and meaningless detail. Blecchhh.... Cheers, RickO >>

The following coin is not the nitty-gritty example your talking about. In fact, since it's an ultimate coin that every true Jefferson nickel
collector would love to own, it takes a nitty-gritty individual to recognize it's superior qualities and to understand it's rarity.

Leo

themaster · March 20, 2011 1:13PM

HSN, Littleman and Littleman

Have a Great Day!
Louis

breakdown · March 20, 2011 1:56PM

A lot of good answers here particularly with respect to forms of fraud, whether counterfeiting or doctoring. However, an aspect of the hobby that i have found to be a big drawback is the concern over security and theft.

RWB · March 21, 2011 1:44AM

Interesting responses - somewhat different than the range of posted complaint threads.

What aspect, if any, of the coin collecting hobby...

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The more qualities observed in a coin, the more desirable that coin becomes!

My Jefferson Nickel Collection

The more qualities observed in a coin, the more desirable that coin becomes!

My Jefferson Nickel Collection

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