| Author |
Replies: 19 / Views: 15,575 |
Page 2 of 2
|
|
|
|
Pillar of the Community
United States
790 Posts |
I guess they must. I've been touring the local coin shops just to try to get a feel for dealers (and blow my initial collection budget--mission accomplished), and most of them have a few for sale. I didn't look at the pricing, so I dunno if anybody was asking $50.
My grandpa's collection did include a peachy-colored Georgia quarter. Obviously treated. He put it in a vinyl flip for some other coin (the insert says 1949S, VF, 20¢--I'm guessing penny).
I suppose there might be a small premium as a novelty item? Should I bother putting it in an archival quality flip?
|
|
Bedrock of the Community
 United States
12865 Posts |
|
|
Pillar of the Community
United States
4212 Posts |
On another forum, some more than dozen years ago, I had a giveaway. Question was, what coin of any denomination, do I detest the most? It took many guesses, but someone scored a 50D with 'colorized'. 9/11 recovery coins were a close 2nd.
|
|
Pillar of the Community
United States
4901 Posts |
If you can buy it near melt then try an acetone soak to get the ugly off...
DEFINITELY do not pay a premium for it...
|
|
Valued Member
United States
81 Posts |
This is junk silver of the worst kind.
|
|
CCF Master Historian of USA Commemoratives
 United States
12320 Posts |
I'm not a big fan of colorized coins, but, in cases such as this, they do not elicit in me the strong feelings experienced by others. I don't see the harm in a private company adding a bit of color to a common coin for the purpose of creating a small piece of art that some will enjoy owning. Do I think it's an improvement on the original design? No. Would I pay a strong premium to own one? No! Do I think it's a crime against all that is good and just about coin collecting? Absolutely not! I would feel differently if someone was taking true numismatic delicacies and altering them, but that's not what happened here (or with the thousands of Statehood Quarters that have been colorized). We're talking about common coins that will never carry strong numismatic premiums. What harm is there in having a few thousand of them colorized for those that appreciate them in their "enhanced" state?
Collecting history one coin or medal at a time! (c) commems. All rights reserved.
|
|
Pillar of the Community
United States
5865 Posts |
I weep a little whenever I see these. I weep a lot whenever I see these being sold at a premium.
|
|
Moderator
 United States
189969 Posts |
Well said, commems. 
|
|
Bedrock of the Community
United States
94367 Posts |
|
|
Valued Member
United States
81 Posts |
Commems, the problem isn't that some huckster is destroying our numismatic heritage by paining on (or applying a sticker to) a common coin.
The problem is someone is touting this as an "investment" or "collectible" worth $50. And once someone gets burned like this, they shy away from our hobby, which is NOT what we want.
If someone offered to sell this to me for $1.00 plus melt, and described it as a piece of terrible art, I would decline the offer, but have to agree that at least they are being intellectually honest. Putting this "art" in a capsule, and a box, and trying to get $50 for it might be capitalism at work, but it is not good for the future of the hobby.
|
|
Bedrock of the Community
United States
11951 Posts |
Like them .. or not like them .. They are still part of the hobby. Many dealers will pay less for one of these, than a original ASE. Sometimes there is a opportunity to pick these up for less then a original. There is no way I would spend anywhere near $50 for one. As mentioned the color can be removed by putting the coin into acetone for 2 or 3 weeks.    Or just put them into your treasure box .. to add some color  
|
|
Pillar of the Community
United States
7390 Posts |
Buzz, an ASE goes for $3-5 over melt so at $1 over you're doing good  Seriously though. Who cares. Stuff like this will always be around. Don't give it a second thought if you don't like it
|
|
CCF Master Historian of USA Commemoratives
 United States
12320 Posts |
Quote: Commems, the problem isn't that some huckster is destroying our numismatic heritage by paining on (or applying a sticker to) a common coin.
The problem is someone is touting this as an "investment" or "collectible" worth $50. And once someone gets burned like this, they shy away from our hobby, which is NOT what we want. Common non-colorized US coins with no future potential for ROI are constantly being touted as investments via home shopping shows, mass mailings, credit card inserts, etc. They are sold for prices far in excess of their true market value and are hyped beyond belief to unsuspecting collectors and/or those seeking "investment opportunities." Such practices do far more damage to potential collectors and our hobby than the limited number of colorized coins that are produced and sold. I'd rather pay $50 for one of these colorized ASEs than spend $100 on one of the common date Morgan dollars that are constantly being advertised and promoted on TV. I'm not a proponent of these aftermarket products, but I've come to realize they cause very little damage to our hobby in comparison to the many TV and mail order coin promoters that prey on those with limited understanding of what they are buying. Potential hobbyists are being "burned" on a regular basis. It's very unfortunate, but it's reality -- and the main culprits are not colorized ASEs. The best thing we all can do is take the time to educate others and help them avoid purchases they may one day come to regret.
Collecting history one coin or medal at a time! (c) commems. All rights reserved.
|
|
Valued Member
United States
81 Posts |
Commems -- You'll get no argument that the cheating of people by non-colorized, common date Indian cents or dateless Buffalos (I see these ads all the time, too) is also bad for the hobby. I'm not sure how you can tell which kind of marketing is "worse." I see them as different tentacles of the same kracken (if I may be so bold). I don't object to colorized coins per se, or even damaged coins. I would love the chance to pick up a vintage Hobo nickel or love token at the right price. I would be very surprised if mass produced color printing on a silver dollar will ever attain that kind of significance. Cascade -- I learned through hard experience that buying something I don't really want because it seems like a "bargain" is a good way to end up with a bunch of junk that will be difficult to sell.
|
|
Valued Member
United States
493 Posts |
google colorized silver eagle and click on images.
|
|
Page 2 of 2
|
Replies: 19 / Views: 15,575 |
Page 2 of 2
|