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Posted 06/17/2007 6:50 pm
The 7070 came in last Friday, and my family went to the flea markets on Saturday. There were a total of 5 sellers, 4 at one market and one at another. One of the sellers that I use to by from about 10 years ago was still out there! He told me this makes his 22nd year at the flea market. I bought a silver eagle for Father's Day off of him, and a 2005 uncirculated Buffalo nickel (the new western series type) for $1.
From a different seller, I bought an Ike silver proof for $7 (it has a smudge on it); I consider this one to be an impulse buy and I'm regretting it right now.
Finally I bought a 1943 wartime cent for $1 that has some incredible shine to it. I knew it was a cleaned coin when I purchased it, but for $1 it made a good slider until I make my first round of upgrades. The seller I bought this from had several gold double eagles there for $24/ea. I asked him about them and he said, "The pure gold ones run $3000 in this condition, and since nobody here would have that kind of money I have a copper/gold type. They're still real money just like the real ones are."
Then there was another dealer that had proof sets for every year. I asked I'm if he had the 1976 silver proof set and he said, "they didn't have any silver coins past 1964."
It was interesting to talk to these dealers to get their different insights on their hobby. However the "double eagle" seller, the "proof" seller, and seeing some of the overpriced/trouble coins made me really apprehensive buying anything of real value out there. I understand why slabbed coins are appealing now. The empty hole for the Trade dollar really does scare me after reading about the black market for counterfeits. I'll willingly pay a premium for a slabbed trade type!
Yesterday I finished inserting all of my coins into the album, and that gave me a sense of satisfaction of how far I had already come. Most of them will be upgrades later, but filling about 37 holes from the onset made me happy. In fact, my fireproof safe is almost empty now since 80% of my collection is in the 7070!
Anyway, I am going to work on a spreadsheet which will be kept with my album. I believe I've mentioned this before, but it will have detailed information regarding each coin in the album. After I'm finished with the design I'll make sure to make it available for members for their albums, too.
So far it's been refreshing to dive back into collecting. I even have my father wanting to complete his uncirculated silver eagle collection; I ordered a Dansco 7181 silver eagle album for him today and a 2007-W from the US mint!
From a different seller, I bought an Ike silver proof for $7 (it has a smudge on it); I consider this one to be an impulse buy and I'm regretting it right now.
Finally I bought a 1943 wartime cent for $1 that has some incredible shine to it. I knew it was a cleaned coin when I purchased it, but for $1 it made a good slider until I make my first round of upgrades. The seller I bought this from had several gold double eagles there for $24/ea. I asked him about them and he said, "The pure gold ones run $3000 in this condition, and since nobody here would have that kind of money I have a copper/gold type. They're still real money just like the real ones are."
Then there was another dealer that had proof sets for every year. I asked I'm if he had the 1976 silver proof set and he said, "they didn't have any silver coins past 1964."
It was interesting to talk to these dealers to get their different insights on their hobby. However the "double eagle" seller, the "proof" seller, and seeing some of the overpriced/trouble coins made me really apprehensive buying anything of real value out there. I understand why slabbed coins are appealing now. The empty hole for the Trade dollar really does scare me after reading about the black market for counterfeits. I'll willingly pay a premium for a slabbed trade type!
Yesterday I finished inserting all of my coins into the album, and that gave me a sense of satisfaction of how far I had already come. Most of them will be upgrades later, but filling about 37 holes from the onset made me happy. In fact, my fireproof safe is almost empty now since 80% of my collection is in the 7070!
Anyway, I am going to work on a spreadsheet which will be kept with my album. I believe I've mentioned this before, but it will have detailed information regarding each coin in the album. After I'm finished with the design I'll make sure to make it available for members for their albums, too.
So far it's been refreshing to dive back into collecting. I even have my father wanting to complete his uncirculated silver eagle collection; I ordered a Dansco 7181 silver eagle album for him today and a 2007-W from the US mint!
Edited by FroDaddy
06/17/2007 6:55 pm
06/17/2007 6:55 pm
