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 Replies: 31 / Views: 4,714 |
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Pillar of the Community
1153 Posts |
All of his advice is true to an extent. Just be smart with your collection. I have 3 friends that know I collect coins, but none of them have seen my collection and none of them have any idea what its worth. And I've know all 3 of these guys over 10 years. One of them literally saved my life and I still don't share it with him.
To me, coin collection is fun. Sometimes I buy to flip, sometimes I buy because I love the history or the look of the coin. I enjoy talking to all of you because I feel less nervous about you seeing my coins than someone who knows me in real life.
It sounds like the coin guy was trying to give you some decent advice, it just sounds like he did a poor job doing so.
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Moderator
 United States
16679 Posts |
Some so called coin dealers think they know everything about everything. I bump into them from time to time at shows. You just have to navigate around these fools. They have their dedicated little client base that is loyal to them..the rest of us see right through them.
No worries man, collect what YOU like to collect and don't listen to the advice of someone with his own opinions.
Sounds like he is a purely profit guy..nothing wrong with that but then where is the joy in collecting or the hunt :-)
swcoin.ecrater.com
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Rest in Peace
United States
18456 Posts |
Look , stick with the forum. just use a little common sense when posting. don't give out anymore information then you have to. most of us are good people, and if a new member happens to chime in with a scheming intent, I'm sure Bobbie will send them packing.  |
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Pillar of the Community
 United States
558 Posts |
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Pillar of the Community
United States
650 Posts |
Yep, as with everything nowadays, look out for number one. Don't give out too much personal information. Be cautious, but not paranoid. From my experience, there are a lot of decent folks here on the forum. As with real life, there might be a scumbag or two lurking around also. Grumpy old men like me are usually fairly harmless though. But, it's ultimately your call. Do you feel comfortable here? I personally have not seen much drama here at the Coin Community. Most seem quite friendly and supportive to others with this numismatic addiction... er... I mean hobby.  |
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Rest in Peace
United States
7075 Posts |
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Ok, I'll stay.  |
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Moderator
United States
189142 Posts |
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Ok, I'll stay.  |
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Pillar of the Community
United States
558 Posts |
@BatBoy - I am not sure if I feel comfortable anymore but I like having instant accessibility of expert opinions.
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Pillar of the Community
United States
606 Posts |
Time will bring a certain level of trust brother.
Sit back, grab a drink, and enjoy the ride!
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Bedrock of the Community
United States
17884 Posts |
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Stuff like this cracks me up. You can't share on a " by and large " anonymous forum, about your modest coin collection, yet he can allow hundreds of people a day to see his thousands of dollars of coins first hand? I was thinking the same thing. Something else along this line that I keep thinking. You always hear a lot of talk and worry about where the future collectors are going to come from, and that the current collectors are aging. Then at the same time they say never tell anyone that you collect coins or talk about them. Well if you never talk about them then the potential next generation will never learn about them and there WON'T be a next generation of collectors. |
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Pillar of the Community
United States
558 Posts |
@Conder101, I don't believe that (the next generation comment) is true bc:
1) I've always had a love & fascination with money, yet I knew no one who also shared this interest of mine. Well not until I was middle aged anyway.
AND most importantly, 2) No purpose of God's can be thwarted (Job 42:2).
If it's in Gods will for someone/s to be a collector/s, then God will make a way for that to happen.
At least he did in my case.
Edited by LincolnCentMeHere
01/19/2016 9:52 pm
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Pillar of the Community
United States
6130 Posts |
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that could fit in one backpack  Funny thing about this--I had to move my entire collection a few weeks ago. It filled two 50 gallon tough tote storage bins, and weighed so much that it snapped a handle off of one of them! I would love to watch a thief try to make off with that! But the dealer is right with regards to posting pictures online. Smartphones by default embed geographic coordinates onto every picture they take. Even when uploaded, this information is easy to get. Don't want to post a picture of a $10,000 coin along with a treasure map leading right to it. |
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Pillar of the Community
Russian Federation
5175 Posts |
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Funny thing about this--I had to move my entire collection a few weeks ago. It filled two 50 gallon tough tote storage bins, and weighed so much that it snapped a handle off of one of them! I would love to watch a thief try to make off with that!
But the dealer is right with regards to posting pictures online. Smartphones by default embed geographic coordinates onto every picture they take. Even when uploaded, this information is easy to get. Don't want to post a picture of a $10,000 coin along with a treasure map leading right to it. Good thing I don't have $10,000 coins (though for all I know I might have some $100 coins), and hardly ever take photos on a smartphone (and when I do, it's almost never at home). As for weight... a big part of my collection's weight is leftover coins from a 2011 roll hunting attempt (I couldn't figure out how to dump - the bank wanted a flat-plus-percentage fee that came out to over 20% for the total sum I had, and over 100% for the amounts I intended to dump originally). They weigh over ten pounds (5 kg), and have a total face value of about $5 (well, $5 under the recent exchange rates - at the time it was more like $12). A few years ago (in 2011, a few months before the roll hunting attempt), I did, once, put my entire collection in a backpack (to show it to some friends). I do not think this would be possible today, but that's not as much due to insufficient backpack size (and the weight, while significant, isn't that much of a problem either), as because the collection's too spread out (there are bags with coins in almost all the rooms of my apartment). |
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Valued Member
Canada
160 Posts |
My advice is to stick with CRH'ing. Other have mentioned that there are many good finds out there to be had. I can say that from personal experience myself. Some people can't afford to buy MS slabbed coins, and they just enjoy the hunt, like I do There's nothing like getting a box of nickels say for example, searching through it, and on that last roll finding a nice coin, or sometimes even someone's old collection. As for not collecting cents, collecting is about what YOU like, not someone else! No one should tell you what you should or shouldn't collect. Enjoy collecting as you see fit!
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Pillar of the Community
United States
632 Posts |
Yeah, well the entirety of my collection seems huge. It sits in a plastic tote that weighs over 100 pounds and is terrible to move. Surprised the plastic tote hasn't been destroyed yet.
But if you knew what to get, %90 of my total collections worth can fit into a backpack. Silver bars, key dates, high grades, ect.
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Replies: 31 / Views: 4,714 |
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Posted 01/18/2016 3:00 pm
