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 Replies: 28 / Views: 3,044 |
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Moderator
 United States
189222 Posts |
I would say it is good to know in case someone comes across a desirable variety or error on one of these painted examples.
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Valued Member
United States
476 Posts |
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True, but why spend the time and effort for a net yield of $0.25? I paid spot for may of the painted silver ASE's. My LCS pays less for painted Silver coins. So, soak them to remove the paint, then sell them. It just take a little effort and some time to sell or trade them. |
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Pillar of the Community
United States
2869 Posts |
That is a very good idea.
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Valued Member
United States
217 Posts |
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"Collect these if you will, but you will never recoup your investment." I would bet that 90% of coin collectors do not get their investment back, and most of that last 10% will be the collectors heirs. |
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Moderator
United States
189222 Posts |
I never expect it because I will never sell them.  |
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Pillar of the Community
United States
1373 Posts |
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I would bet that 90% of coin collectors do not get their investment back Quote:
I never expect it because I will never sell them I drive the same roads as you two. I know I'll never make a penny profit from my coin collecting, but I don't care either. If you want to be a snake oil salesman (flipper/dealer) then that's different. I checked out some colored quarters the last time I went to a coin show. I liked a lot of them and would have picked them up if they were 50c - 75c each, but this dealer was looking for $3.00 each. Way too much for me to give my money away for. |
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Pillar of the Community
United States
2243 Posts |
Here is a 2002 quarter of Elvis baby. This belonged to my mom who passed away several years ago. Not worth much I know. She also had 20 UNC Morgan dollars that disappeared when the hired healthcare workers came to take care of her and also her $5,000 wedding ring inside a drawer, gone. To this day I don't know if it was a healthcare worker or a greedy relative who came to visit during her final days. So HIDE any valuables if you are in the same position with a dying relative.  Edited by livingwater
08/06/2021 6:07 pm
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Valued Member
United States
292 Posts |
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I would bet that 90% of coin collectors do not get their investment back That's why it's called collecting and not flipping ... I dunno how much more definitive the word "collect" could be! |
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Moderator
United States
189222 Posts |
Very nice, livingwater!  Sorry to hear about your losses here.   |
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Moderator
United States
189222 Posts |
Quote:
That's why it's called collecting and not flipping ... I dunno how much more definitive the word "collect" could be!  |
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Pillar of the Community
 United States
4593 Posts |
The one I did acetone off the color,
/a/ took forever and only came off with some mechanical assistance.
/b/ the underlying coin was scratched up so the color adhered.
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
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Moderator
United States
189222 Posts |
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The one I did acetone off the color... |
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Bedrock of the Community
United States
12845 Posts |
Quote:That's why it's called collecting and not flipping ... I dunno how much more definitive the word "collect" could be! Quote: Well said. |
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Replies: 28 / Views: 3,044 |
First Page
Posted 07/26/2021 12:26 am
