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Posted 09/01/2007 7:10 pm
I do get out there and I am appalled at some of the junk that people are getting away with selling. The people buying the stuff are getting ripped off.
As coppercoins suggests, if you have two people in a transaction, one who is supposed to be an expert and one who doesn't have a clue....
Especially at a coin show..where a dealer is supposed to be the expert and that self acclaimed expert is putting price tags on what any real dealer would tell you is junk....That dealer is being unethical in taking your money.
If an uneducated buyer purchases the junk....It doesn't change the point that they may have paid $2.00 or $3.00 for pocket change only because the dealer put it in a 2X2 and labeled it.
We have our fingers on the pulse of the numismatic market and unfortunately, some dealers are indeed selling junk because there are enough uneducated buyers out there willing to pay for it.
If anyone is paying more than 25 cents for some of the "errors" that have been shown here (Not all but most) then Yes, they agreed upon a price and the item sold. It's still numismatic junk.
If someone pays $5000.00 for a beat up 1972 Ford Pinto with no motor, no glass, no transmission, and no tires. It doesn't mean that the car was worth $5000.00...It just means that the buyer had no idea what he was doing and managed to get himself ripped off.
Experts, whether you want to believe it or not do set the prices on coins, jewelery, antiques, collectible autos etc. The sale happens if a buyer agrees to that value and I understand that. The problem happens when they pay inflated prices for junk , then believe that beacause they paid that price for junk, the junk is worth something.
What is paid for an item still doesn't change the status of junk to something better. Just because people sell junk and other people buy it doesn't mean that the junk ultimately increased in value.
Speaking for myself, I am trying to educate collectors by pointing out what is considered by experts to be numismatic garbage. Ultimately that will save someone the heart ache of someday trying to sell their collection and being told it is worthless.
Everyone is entitled to buy, sell, and collect what they want. People should simply be aware of what has value and what doesn't. It's as simple as that.
Thnaks,
Bill
As coppercoins suggests, if you have two people in a transaction, one who is supposed to be an expert and one who doesn't have a clue....
Especially at a coin show..where a dealer is supposed to be the expert and that self acclaimed expert is putting price tags on what any real dealer would tell you is junk....That dealer is being unethical in taking your money.
If an uneducated buyer purchases the junk....It doesn't change the point that they may have paid $2.00 or $3.00 for pocket change only because the dealer put it in a 2X2 and labeled it.
We have our fingers on the pulse of the numismatic market and unfortunately, some dealers are indeed selling junk because there are enough uneducated buyers out there willing to pay for it.
If anyone is paying more than 25 cents for some of the "errors" that have been shown here (Not all but most) then Yes, they agreed upon a price and the item sold. It's still numismatic junk.
If someone pays $5000.00 for a beat up 1972 Ford Pinto with no motor, no glass, no transmission, and no tires. It doesn't mean that the car was worth $5000.00...It just means that the buyer had no idea what he was doing and managed to get himself ripped off.
Experts, whether you want to believe it or not do set the prices on coins, jewelery, antiques, collectible autos etc. The sale happens if a buyer agrees to that value and I understand that. The problem happens when they pay inflated prices for junk , then believe that beacause they paid that price for junk, the junk is worth something.
What is paid for an item still doesn't change the status of junk to something better. Just because people sell junk and other people buy it doesn't mean that the junk ultimately increased in value.
Speaking for myself, I am trying to educate collectors by pointing out what is considered by experts to be numismatic garbage. Ultimately that will save someone the heart ache of someday trying to sell their collection and being told it is worthless.
Everyone is entitled to buy, sell, and collect what they want. People should simply be aware of what has value and what doesn't. It's as simple as that.
Thnaks,
Bill
