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Replies: 24 / Views: 4,726 |
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Valued Member
United States
136 Posts |
Makes sense to me and I think you nailed it in saying that its the barometer of marketability, not collectability and due to its large uneducated audience. I have one of these from 2000 (2000-D) and was wondering the same thing about the value of it. I did check ebay just to see what they were going for on there. I'm not saying I am any more educated than anyone else with regards to collecting, in fact I absolutely pale in comparison to many here on this forum, but I have learned a lesson or two from buying on ebay. My thoughts are that if you collect coins with a mind of selling some as well if not your collection at some point you have to keep in my the ' ebay effect' as it were. If you are purely collecting for the enjoyment of it, for the conservation of the coinage and history then you probably wont have much to do with ebay other than to keep an eye out for a quality seller that you can get a coin from every now and then. For me, I absolutely have no local resources other than Hobby Lobby which sells 'some' coin supplies (flips and album sheets, holders, etc.) and if I want to go to a coin store I have to go some 60 miles to the south which is no longer appealing because they have become more, I'm not sure how to put it, selling oriented. Which they should but it seems now their only focus. They dont have time or the patience it seemed the last time I was in there, to take into consideration what you are looking for and give you some tips on how to buy, etc. Minute stuff like that. I used to spend quite a bit of money in there and when I went in they would point me in the right direction and then let me look and decide and answer the question or two. Its not like that anymore unfortunately. I understand they have to make money as a business but it was the one resource I had within driving distance that I could get good help, valued information and guidance on choices and such. Now, all I have is pretty much ebay. I've never seen a local coin show or anything like that and I only know of a few casual collectors. So I'm kinda in no mans land and I shop ebay as a result, but you do have to weed out those that are blatantly trying to take advantage of the uneducated and keep yourself on top of the game to spot those that may be a bit more creative.
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Bedrock of the Community
United States
12437 Posts |
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New Member
 United States
5 Posts |
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Valued Member
United States
337 Posts |
worth isn't based on one thing...here is my thoughts Quote: just because I can sell something doesn't make it truely valuble. IMO this is confusing to me so lets say you have a coin, the rarest coin of them all and you say it's worth 5,000,000 dollars, but no one in the world buys it or wants it. Is it still valuable? It's the rarest coin in the world, but no one collects coins anymore where is the value in that I think everyone needs to understand one very important thing that my father has told me since I was a kid collecting football and hockey cards. "It's only worth what someone's willing to pay you for it" ebay is where people buy things, its where deals are made, and where people freely choose if they are going to pay an amount for an item or pass it up. It's what people are willing to pay for it. Who cares if the are "educated" shoppers or not. They are shoppers, they are the demand, they are the buyers. Another cliche type saying "one man's treasure is another man's gold" I have an old old adding machine from my grandmother. It weighs a ton, it's bulky and takes up counter space. My cousin collects antiques and didn't want it. He said it wasn't worth anything to throw it out. I took it from my grandmother gratefully and plan on keeping it to remember her by when I can no longer go an visit her. If I could save one thing from my apartment if it caught on fire and my coins were all packed up and the adding machine was right next to them, I would grab the worthless machine every time. Tons of things give stuff value. What people will pay for them is one side of the story, and what people cherish or like is the other side. If people want to buy and sell what is garbage in your eyes then let them do it, but don't tell them what they have is worthless, cause that just makes you seem like an idiot. is this topic locked up after this post or is there still more to say. ebay is a good tool it shows you what people will buy, and it shows you one of the biggest audiences you could ever find. It shows you "educated" and "uneducated" shoppers. Another little tid bit, how many of you educated coin guys have gotten ripped off (fake coin, mislead, impulse buy that wasn't worth it) buying something on ebay or anywhere for that matter? If you have, you turned into an uneducated shopper. Think about it, buy what you like and remember it's a hobby first, if you can make money off it later cool. But always think of it as a hobby 
Edited by Chriscoinmaster 05/22/2011 10:16 pm
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Pillar of the Community
United States
4897 Posts |
Personally I care very much if they are "educated" buyers or not. Why? Because this is my hobby (I rarely sell anything) and uneducated buyers cause price increases in coins that I may want...not for their monetary value but to fill a hole, start a set etc... Also consider the fact that Beanie Babies (use whatever example you like) were once sold for $10 - hundreds of dollars I saw a huge box of them at a garage sale this weekend for 25 cents a piece. My point is that some buyers on ebay are looking to "invest" in the next great thing. And some are true collectors passionate about what they collect. I don't want to have to fight with the "get rich quick crowd". I avoid the bay for that reason. I just believe it is "generally" bad for the hobby. Just my most humble opinion.
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Pillar of the Community
United States
687 Posts |
Wow, seriously? Now Adam_E has been known to jump the gun on things around here, but I think you guys are really beating him up for nothing here. He (sorta) answered the poster's question and informed him of what he thought the value was. I think he's spot on. Do a completed search on ebay for misaligned die and you'll see that the only ones that even sell are misaligned to a much larger degree than the one above. The closest I saw was an 1982P that sold for $0.80 - even if you can sell it for 500 times face, I don't think it's really worth your time to do so. I doubt a dealer or another collector would buy it either. Now, Adam_E didn't really answer the question and explain that a MAD struck coin is an error or add how it happens, but from coin's (how was *that* name available?) response I think he got the answer he was looking for.
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Pillar of the Community
United States
4897 Posts |
I hope that's not how you read my posts...I was actually agreeing with Adam.... 
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Valued Member
United States
337 Posts |
haha I wasn't even talking about the MAD, just trying to get in the middle of a fight and try to make both sides see the other side ehh good times
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Pillar of the Community
United States
810 Posts |
I agree with AdamE on the value of the coin despite what people would pay for them. I could go through a whole box of cents and half of them would be MADs. The most common MAD yrs I come across is 1981-1982. It seems like 3 out of every four are MADs. But in reality they do have some value in which I dont think should unless they are serverely MADs meaning missing or affecting letters,numbers,etc.... I will say one thing to stand up for ADAM despite hes only 13yrs old he knows more than 90% of people on this forum about coins. When he says something its usually right. Ill admit it kind of shocking I know but when someone wants to learn they become experts at no matter what age. I'm never gonna live it down but I can safely say ADAM knows alot more than I do about coins thats for sure. Hmmmm I got beat by a 13 yr old  .
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Valued Member
United States
184 Posts |
Correct me if I am wrong but a MAD only affects one side of the coin? The photo of the reverse 3/4 of the way down page one shows it to be off also in the same orientation. Wouldn't that make this coin a partial out of collar strike?
Kie
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Locked
822 Posts |
Quote: I agree with AdamE on the value of the coin despite what people would pay for them. Sorry, but I see that as a silly statement. You agree with Adam that the coin is worth 1 cent even though you can consistently see them sell for a buck or two? Don't see the logic. What things sell for determine value, not what a few, or even a lot, of people think. The only proof of worth is when you ask someone to put their hand in their pocket.
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New Member
 United States
5 Posts |
thanks guys for all all your valuable opinions I actually have some old coins so I will put them on the old coins forum
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Pillar of the Community
United States
3592 Posts |
Quote: The only proof of worth is when you ask someone to put their hand in their pocket Agree, and you won't find that in a book.
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Locked
822 Posts |
Quote: Agree, and you won't find that in a book. Right. Anyone collect sports cards? Beckett Price Guide.  Sorry, every time I type that or say it, I have to laugh. Has anyone ever sold a card for what Beckett says ? I sure haven't and I've sold thousands of singles. Wanna know why? Guess where they get most of their input on the prices? Dealers.  Sorry had to laugh again. Know why I had to laugh again? Because the dealer's lie their stinkin' butts off to Beckett so the price guide is higher. Yes, Mr Beckett, I sell that card for $25 all day long. Sure you do Mr. Dealer. I believe you. Even though they sell on ebay for 3 bucks a shot all month long. 
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Valued Member
United States
442 Posts |
Quote: I think he's spot on. 
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Replies: 24 / Views: 4,726 |
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