| Author |
 Replies: 88 / Views: 11,310 |
|
|
|
|
Pillar of the Community
Canada
1463 Posts |
I tend to agree with pacific and okie.
The hunt is always fun if you love the hobby.
Pacific's point about mid grade vs high grade rarity is important, when comparing coins to the stamp hobby.
Some of the rare high grade stamps have held their value quite well while mid grade common stuff is sold in lots at a penny or 2 on the dollar.
It does concern me that we will see a faze out of coins in the 10-20 year time frame.
Few from the generation will have any interest in coins because there,s no fond memories or sentimental attachment.
I remember the good memories of my first rabbit nicklmand Mountie quarter and us bicentennial quarter, I suppose that's what got me interested in collecting, the feeling of finding something different that I could show people.
I really like world coins more so than Canadian, because of affordability and I take much interest in the different designs and strike features, the differences in luster and quality. And I like showing them to people, coins from forgotten nations that no longer exist.
I see the counterfeits as being the most troublesome for the hobby.
|
|
Valued Member
Canada
343 Posts |
Despite the downward pressure on the hobby I have shared that for myself the part of the hobby that I enjoy as a challenge is picking up a really good deal - often at auctions (both live and online). This is one way of sidestepping the whole issue of RCM overvaluations on NCLT that has been discussed. I get it that some of you have no problem paying full issue price once something comes out that you really want. That's your business. Seems like many on this forum are frustrated by the volume and pricing of items coming out of the RCM as well as the fact that much of the RCM NCLT will not hold its value - which I am sure is also a deterrent for anyone in the hobby who is concerned about future value. Where I'm going with all this rambling is that at auctions I understand that there will often be competition for items I'm interested in. Obviously, I am not going to win all the items I bid on. So the part that puzzles me is that there often times seems to be people who not only bid items up past my limit but often past retail if one were to buy new. Often these are NCLT items from the RCM in perfect shape. So if the hobby is suffering who are these people that pay more than retail?  I don't think these are shill bidders either - I've been in enough auctions to recognize those. Have any others here been involved in auctions where items seem to go for more than retail or get bid up to crazy prices? |
|
Valued Member
 Canada
93 Posts |
Twelve out of seventy-five posts on this thread have been from ONE person obsessed with one phrase in the original post. This is not a discussion or debate, it is a condescending rant which I find offensive. This person has been warned by the moderator that this is not acceptable and chose to continue. Being a moderator is not an easy task and there are certain rules which must be maintained to ensure civil dialogue takes place. One of them is DO NOT FEED THE TROLLS. Damn, now I'm going to be in trouble with the troll community.
|
|
Pillar of the Community
Taiwan
606 Posts |
I am also in Pacificoins corner on this as well. Classic quality Canadian material is downright cheap
compared to similar U.S. coinage. As collectors/investors get priced out of the U.S. market they look elsewhere. This has been going on for sometime. Concerning your comments about the London Coin Fair Pacificoin, I have been blown out of the water on a few bids that I have placed with Kuenker auctions recently. These comments apply to only one end of the market but if history is any indication the price spread between quality and lesser material will continue.
|
|
Pillar of the Community
Canada
819 Posts |
Postal authorities in almost every country killed stamp collecting by flooding the market with thousand of unneeded issues just to make money, ('  ') oh, which, by the way, was like the company greed that killed the sport-card market in 1990 ('  '), which is what the various mints are doing to coin collecting (TV ads for $50 U.S. tribute/only 4 per family/fake-copy/rare/valuable 14mg. gold-plated-crud, or issues from Nieu and Cook Islands, or Canadian commemoratives of questionable intelligence - Fable of some jumping pig ?  ). I've watched Star Trek since Jimi Hendrix and 1969 ('  '), but a gold "communicator-shaped coin" for $1600 ?...... Am I tripping ?!! Give me colonial Vickies, Eds, a couple of Geo., and early Liz. I'm gently trying to interest the grandkids. 18 year old grandson's eyes opened when I told him some cents are worth more than $100. Fingers crossed. Edited by TerryT
02/10/2017 02:17 am
|
|
Moderator
 Canada
10456 Posts |
Quote:
Being a moderator is not an easy task and there are certain rules which must be maintained to ensure civil dialogue takes place. If I have to, given the choice, I would prefer to lock the entire thread, rather than apply any form of censorship... it was censorship that got a lot of us upset at CCRS (basically, the beginning of the end...). Trust me, you don't want the American moderators to handle this... they shoot first and ask questions later!!  "Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
|
|
Valued Member
United States
467 Posts |
Much has been written about the state of the hobby and what the future holds. We can postulate theories about a dying hobby, and our ideas why it may be dying, or conversely, why it is not dying and how it may or may not end up like stamp collecting.
I like to take the long view. Life is short and eventually I will be dead. What I paid for something and angst over recouping my "investment" is irrelevant. Life should be enjoyed to the fullest extent possible within a person's means because eventually it ends. I receive great joy from collecting Canadian coins. I've immersed myself in it as much as I can afford and I do it knowing that I will never get my money back.
I did not always think this way until just recently, when I lost my mother and my only remaining sister within two weeks of each other, on top of having lost my only other sister at age 38 a number of years ago. This gives one pause to do some serious thinking. I always thought that my family was a little reckless with their spending, although they did not spend foolishly, but they enjoyed themselves as they went along. Good that they did because all of their lives were cut short. I'm sure that they had no regrets about the money spent in living on their death-beds.
Sorry for the philosophical wandering. If you like coin collecting just do it and don't sweat all of the what-ifs, maybes and the unknowns....
|
|
Pillar of the Community
 Canada
5585 Posts |
coinaddict: I liked your post. Any hobby is just about having fun and geting enjoyment .. you're right in that most real afficianados never expect to make a dime off their hoobies.
|
|
Pillar of the Community
Canada
1923 Posts |
I agree totally with what justanothercoinaddict has said life is short enjoy the time we have while living to the fullest.
I think most if not all of us want to at least get our original cost that we paid for a coin when its time to end your collecting or hand it off to someone within your family thinking hopefully they will do well with your collection but the fun is collecting.
But not always true as time has shown us there are ups and downs in every market just like life but again like time has shown us if we are patient usually thinks work out for the good and I think Canadian coin collecting will survive.
Like others have mentioned the good times of a few years ago are gone when coins demanded high prices.
I think the internet helped with that high price times for Canadian coins as almost all the coins you ever wanted in your collection in pretty much every grade that you couldn't get from your local dealers became readily available to everyone.
I know I had want lists at several coin shops in Vancouver but they never could help me find what I was looking for. So for me the internet helped me find coins I would never dream of finding and I think that's where a lot of the coin shops failed by not finding coins for people and getting more involved in the internet that made people look else where and if I can find them on the internet they could of as well. I don't like to think I collect coins for a profit but its always appealing to think that you might sometimes a person will do good.
Most of the time its like my classic car hobby I don't think I have ever made any money on any of them but its fun to rebuild them for street worthy again and enter car shows with them and maybe win 1ST 2ND or 3RD place finish is very rewarding.
The car I'm building now a 1962 Acadian Beaumont convert customized I've been working on now for the last 10 years and $150,000.00+ should be on the road this summer I know I will never get what I put into it but its fun and I'm sure it will be the only one like it mine.
Edited by papeldog
02/10/2017 4:13 pm
|
|
Valued Member
Canada
217 Posts |
Bravo coinaddict. Your beautiful post rescued this thread from sounding like a scene from the film Grumpy Old Men.
|
|
Valued Member
Canada
393 Posts |
After reading through the first 6 pages, here's my opinion on a few subjects that were brought up.
Too many high priced NCLT products flooding the market in the name of profit are hurting the hobby, particularly for new collectors trying to grasp why a $20 coin is being marketed for $150. People are finally waking up and smelling the coffee and weighing in on the risk & return before making the investment. If you're patient and wait a few years demand and prices usually drop to more affordable levels.
Brick & Mortar stores along with selected coin shows are among my preferred venues for purchasing coins & banknotes. I'm old school and prefer face to face contact. I still think that's where some of the real bargains are.
Dealers that utilize current technology to their advantage while delivering great service and building relationships with their clientele will survive for many years to come.
Not that long ago I dove into online auctions for the first time (collecting for over 30 years now) choosing a trusted dealer close to home. After bidding on a half dozen auctions, I finally got a few items I was chasing at the price I really wanted to pay. Most often I was outbid which was fine by me but I'm quite happy with all of the items I won.
Education, a willingness to learn and taking ownership for it goes a long way to adding enjoyment to the hobby. Joining a club or numismatic organization and sharing one's experiences can be a lot of fun and knowledgeable volunteers are always in demand.
While it's true that there are many negative influences that have turned many seasoned collectors away, there's still plenty of interest and aspects of the hobby to get excited about.
I've learned a few lessons over the past years of overspending and like most am selling off less desirable items that no longer fit well into my collection. Trying to be much more selective and particular.
Multiply those actions a few thousand times and you wonder why one can't even get 60% of what was initially paid.
Edited by Proof Nut
02/11/2017 1:44 pm
|
|
Bedrock of the Community
United States
12057 Posts |
I have 100+ Canadian coins in my collection and live in Texas, which is about as far south as you can get from Canada short of going to Hawaii. Every single one of those Canadian coins were pulled from circulation here in the US, with the exception of 5 or 6 that I inherited many years ago. Gradeflation, TPG inaccuracy, counterfeits, an ageing demographic, electronic banking, the decline of local coin shops...these are not strictly Canadian problems, but problems which are affecting the numismatic community as a whole. Our hobby has been co-opted by many "investors" and bullion speculators, in large part, over the last thirty years, who treat coins as commodities to be bought and sold for their speculative value. For the most part, they do not appreciate the coins for their numismatic history or pursue their acquisition as part of a greater goal (set-building, album filling, etc.) This has perhaps caused more harm to numismatics as a hobby than most people realize, or are readily willing to accept. Whether you live in Canada or Texas or anywhere else, the best thing you can do is get other people involved in the hobby one way or another. Regardless of your opinion on a Batman NCLT issue, if it gets a 6 year old's eyes to light up and start asking questions, you can bet that I am 100% in favor of it being around. You'd be surprised how many people of all ages start asking questions when I pull out a pocket-piece US Large Cent from the early 1800s for them to hold and examine, with its connection to American history, or a well-circulated Morgan silver dollar and its Wild West allure...get the coins out of the cabinets and into your hands and start showing them to friends, family, and even interested strangers. I actually bought a Canadian coin today at auction, before I ever knew this thread existed. It was so beautiful that I couldn't resist it, and extremely affordable compared to what a similar US coin would cost. This is why I love the hobby -- unexpected, beautiful treasures from all over the world. Enjoy & keep fighting the good fight to spread the hobby.   Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
|
Pillar of the Community
Canada
1463 Posts |
Coinaddict best post ever
|
|
Bedrock of the Community
Australia
21786 Posts |
It is a pity that you have quit on Canadian coins.
Canada has a rich numismatic history from the earliest beginnings, up until WW1. THAT is where the real Canadian numismatics is.
|
|
Pillar of the Community
Canada
1051 Posts |
I have to agree with the OP on most everything he said. The market is broken: Trends is out to lunch and nobody will fix it, TPG grading is terrible, and there is no new generation of collectors coming up to replace the current ones. Society is heading towards all digital transactions, and the cash we have in circulation now is junk made from garbage base metals. Counterfeiters with no morals will continue to hone their craft until you can't distinguish a fake from the real thing. I'm selling off parts of my collection and focusing on my vehicle, gun collection, and bullion buying. |
|
|
Replies: 88 / Views: 11,310 |
|
First Page
Previous Page
Posted 02/09/2017 2:59 pm
