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MS-67+ Red 1911 Lincoln Cent, One Of Two Finest Known, Brings $15,243.75

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Bedrock of the Community
United States
10038 Posts
 Posted 11/06/2018  6:48 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list
Wow! Nice picture

@baseball

Quote:
So if someone has money they can't be a collector?

This type of nonsense posting really gets on my nerves. So because someone loves Lincolns they're now just some drunk rich guy throwing around random bids?

It honestly disgusts me how jealously from forums demeans p[people that love coins

I do hope this doesn't get closed down because people need to see this type of negativity and jealously


I want to make sure you know you have assigned motivation to my words and gotten angry for nothing.

Like many young people nowadays (think Millenials), it seems the education system you went through trained you towards seeing anything that does not agree with your opinions as an attack at worst, or negative at best.

Allowing passions (a good thing) to get in the way first *before* responding is folly. This concept also explains why you indirectly have accused my post as an insult to the bidders. BTW - I have thick skin - this is not upsetting to me as I see it like I did with students who were of similar mindset until they learned the following basics of good communication and knew how to make legitimate statements:

1. Don't assume motivations of others - its foolish.
2. Don't assume attitude where one is not specifically stated - emotions are impossible to determine in typing - and its foolish
3. Using superlatives is foolish without data to back it up.
4. Don't take things out of context (picking and choosing parts of my post - I said "all the more power to them" if this is how they enjoy the hobby."

It is a good thing you have stopped relying on self-defeating ad hominem responses.

We all, myself included, are here to learn and offer *legitimate* opinions/information so others can learn as well. I think specifically of newbies.

Final post on this. Best wishes to all and I hope this post can help us all for the educational benefit of everyone here.
edited for clarification.
How much squash could a Sasquatch squash if a Sasquatch would squash squash?
Download and read: Grading the graders
Costly TPG ineptitude and No FG Kennedy halves
https://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2
Edited by Earle42
11/06/2018 8:39 pm
Bedrock of the Community
13014 Posts
 Posted 11/06/2018  7:23 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list
It's sad when people want to take such a low rode to try and act like an expert. Just for you Earle I have post graduate degrees, one of us can talk coins the other attacks facts.

If you actually want to learn its time to read and listen you are constantly combative because you don't like grading.

Some of us would like people to learn about coins and the market others well they are more interested in their own reputation.

Pillar of the Community
Canada
683 Posts
 Posted 11/06/2018  7:35 pm  Show Profile   Bookmark this reply Add Optimist-numismatist to your friends list

Quote:
What experience do you have to believe top pop collectors blindly buy coins?


Just reminding that I didn't say all top pop collectors.

One of the best examples of this IMO is this Jefferson nickel fs'. So many that are top pop with the fs designation seem to fall, quite short in some cases of full steps. But that doesn't stop people from paying fs prices though.
Bedrock of the Community
13014 Posts
 Posted 11/06/2018  7:47 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list

Quote:
One of the best examples of this IMO is this Jefferson nickel fs'. So many that are top pop with the fs designation seem to fall, quite short in some cases of full steps. But that doesn't stop people from paying fs prices though.


Unless you know the series very well. There is a top pop Jefferson collector that posts on other forums who has made many detailed posts about them.
Pillar of the Community
United States
2023 Posts
 Posted 11/06/2018  9:15 pm  Show Profile   Bookmark this reply Add Alpha2814 to your friends list
I'm coming into this a bit late, but I agree somewhat with "a lot of top pop coins seem to be driven more by the holder they're in than the coin itself". Some top-pop coins are, IMO, quite ugly.

I popped over to PCGS for some classic silver commemoratives and picked a couple of issues at random. For just one example, here's the 1938-D Boone: http://www.PCGScoinfacts.com/coin/detail/9275

The top pop, MS69, has a population of 1. There are two MS68+ examples shown on the same page. All of them are toned on the rim, the MS69 is rainbow on the reverse. If money were no object at all, I'd still rather have a blast white coin at a lower grade than any of these.

It's quite possible that the owners of these coins love them for what they are and not the grade they carry on the slab. But registry sets are seen by some as a competition, and are based solely on the grades, not eye appeal to anyone other than the grader. This isn't to say that the owners bought them sight-unseen. I think that the eye appeal isn't necessarily the only consideration for these top pop coins.
Bedrock of the Community
13014 Posts
 Posted 11/06/2018  9:47 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list
Alpha so you have expert expereience I would assume?

What is your experience with high end coins?

Unless you have a resume to talk about posts like that youre exactly what I was talking about.

Do you believe you're an expert grader for that so much so you can do it from a picture?

Edited by basebal21
11/06/2018 9:49 pm
Bedrock of the Community
13014 Posts
 Posted 11/06/2018  9:50 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list
Typing a lot or posting a lot is not real knowledge. I hope if nothing else people realize that.
Bedrock of the Community
United States
12057 Posts
 Posted 11/06/2018  9:58 pm  Show Profile   Bookmark this reply Add paralyse to your friends list

Quote:
Beanie Baby collectors also once were of same mind and "knew" their collectables were bullet proof. So if a better slab is made, and the value of this thread's slab goes down, the result will either be an expensive lesson to someone who does not see the whole picture, or the result will be just a a small loss to someone for whom the amount spent means little.


Slightly off topic, but my mom was big into Beanies back in the 90s. She had an entire "tree" full of them including the oh-so-popular Diana bear and several others.

When I had the estate sale in 2016, I didn't think they'd draw much interest compared to the vinyl records, tools, sports cards, guns, furniture, China/glassware, etc.

..I was quite surprised when they not only sold the first hour the house was open, but three different buyers got into a bidding war to buy all of them outright! They brought in $900 for the lot of 38 "Beanies", more than many of the other items being offered at the sale including MCM furniture, depression/carnival glass, China, etc.


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
United States
2023 Posts
 Posted 11/06/2018  10:00 pm  Show Profile   Bookmark this reply Add Alpha2814 to your friends list

Quote:
Typing a lot or posting a lot is not real knowledge. I hope if nothing else people realize that.

You have ten times as many posts as I do, and you have made your own point.

I do not claim to be a grader, nor have expert experience, whether high-end coins or not. I said nothing about whether the coins I referenced through my link are worthy of the grade they have been assigned.

I'm merely stating that I personally cannot understand paying such a high premium for an MS69 coin that I find ugly. As we have stated here, "buy the coin, not the slab". I believe that is the point the earlier poster was trying to make, which I quoted in my reply. I may be wrong in that assumption, but I otherwise stand by my statements.
Pillar of the Community
Canada
683 Posts
 Posted 11/06/2018  10:22 pm  Show Profile   Bookmark this reply Add Optimist-numismatist to your friends list

Quote:
. Unless you know the series very well. There is a top pop Jefferson collector that posts on other forums who has made many detailed posts about them.


i dont quite get what you're getting at? I don't consider myself an expert on Jefferson nickels, but I do know what a Full step example looks like and not everyone that has been labeled as such by tpgs are full step examples.

It almost seems like you're trying to say that only people who are "experts" in said series can have a say in them. Which isn't true.

Obviously someone who has only ever spent them will have a less numismatic opinion on them, but you don't need to be an expert in the series to tell a full step from one that has gashes on the steps.

In not talking about ones listed as 6 steps that MIGHT be closer to a 5 step. I'm talking about coins with scratches through most of the steps. Yet they still sell for full step money.

If you wanted an answer than there it is, that's why I don't find it hard to believe that SOME people pay for the holder and not the coin.

Again, SOME collectors, not all.
Pillar of the Community
United States
8715 Posts
 Posted 11/06/2018  10:50 pm  Show Profile   Bookmark this reply Add SilverDollar2017 to your friends list
I will stand by the statement that some collectors will purchase the coin based purely off the grade, and not the coin itself. Others purchase the coin based both upon their personal opinion of the coin, and the TPG grade. I'd take the second approach - take both factors into consideration instead of relying on the TPG grade only.

Bedrock of the Community
13014 Posts
 Posted 11/06/2018  10:50 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list
There's far to many internet experts on series and coins. If this forum is supposed to be educational then people need to stop pretending they're experts at everything and understand that learning requires putting egos aside


Quote:
dont quite get what you're getting at? I don't consider myself an expert on Jefferson nickels, but I do know what a Full step example looks like and not everyone that has been labeled as such by tpgs are full step examples.


Planchet flaws stick issues, countless things really that Jefferson experts know about. Can you speak on those?


Quote:
I'm merely stating that I personally cannot understand paying such a high premium for an MS69 coin that I find ugly.


And? So you believe you know best and should be deeming to those high end collectors?


Quote:
As we have stated here, "buy the coin, not the slab".


So you think that you know best for it? That statement is honestly one of the dumbest things that gets said on forums. That implies grades are randomly given out and posters know better, they do not overwhelmingly.
Pillar of the Community
Canada
2781 Posts
 Posted 11/06/2018  11:18 pm  Show Profile   Bookmark this reply Add Wade to your friends list
I buy the highest quality coins that I can afford, the buyer of this coin did the same. PERIOD. /endDebate

Pillar of the Community
Canada
683 Posts
 Posted 11/07/2018  03:37 am  Show Profile   Bookmark this reply Add Optimist-numismatist to your friends list

Quote:
.
And? So you believe you know best and should be deeming to those high end collectors?


See this is why I feel I can't have a civil discussion with you. All that alpha said was that they personally didn't see the justification in them personally paying MS-69 money for that coin because of there personal opinion on the lack of eye appeal (not everyone finds toning "eye appealing").

And then you snap back with that response. This is a public forum where people share there differing opinions/points of view. They aren't trying to say they're right and others are wrong. They're just giving a different view point.

It seems that whenever someone States a differing opinion from the majority of the coin market/collector base they are usually met with these black & white "you're wrong cause the majority of others" type comments.

What happen to, "Well I do personally disagree with that, but respect your opinion".
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