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I'm Scared

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Pillar of the Community
United States
539 Posts
 Posted 12/08/2010  3:34 pm  Show Profile   Bookmark this reply Add weavus135 to your friends list Get a Link to this Reply
not that Scooby needs defending ('cause he does not) but I am very familiar with his generosity and his sense of fairness. He has a huge heart toward other collectors. I have no issues with folks who can spend more on coins. More power to them!

I'm with most 'small time' collectors, I don't have a lot to spend on coins but I sure do like them and when I get a new coin to add to my collection, I'm thrilled. And Scooby has added to my thrills more than once (did that come out right?) LOL

you go get those lincolns. I hope they are in great condition!
Pillar of the Community
United States
1590 Posts
 Posted 12/08/2010  6:35 pm  Show Profile   Bookmark this reply Add jmkendall to your friends list Get a Link to this Reply
Hi,

I'm new here, but I have been reading the post on these forums for awhile now. Scooby is one of those people you see all the time on this board and he seems a good natured and knowledgeable person.

I too enjoy the thrill of "the hunt". Going out to Flea Markets, Pawn Shops, Antique Stores; and making "that find". Much more exciting than going to an online auction and "writing a check".

I joined this board because the people here seem to love coins as much or maybe more than I do. I was looking at another board where there seems to be a fair amount of knowledge; however, I noticed the terms "trash" and "junk" bandied about quite a bit. A light reading revealed that, in that group, if it wasn't a slabbed MS 65 or higher it was "junk".

It soon became apparent that if someone of moderate means and with a circulation set, that might have taken decades to assemble, had joined that group; that they would have been met with ridicule or silence.

I recently had an experience with what I call a coin investor, rather than a collector.

My local coin shop owner contacted me about the possibility of selling one of my 1916D Mercs.; as he had a Costumer ask for one.

I have a friend that is moving from here in the Midwest down to Florida and had just approached me about buying his Mercury collection.

My friend is in his 90s and had only ever collected Mercs. Starting as a young paper boy in the late 20s. He had a nice full set of Mercs. Most though were EF to AU, with the expected MS and BU dates.

He told me he would only sell the whole collection, as he could not stand the idea of it being broken up.

I met the costumer at the shop, with the owner and after a lot of discussion back and forth he agreed to the purchase price. Upon which he popped the 16d, and the two 41/2s out and looked me dead in the eye and said "the rest of this is junk, you can keep it".

Scooby I wish you the best of luck! And I hope you have many more hunts before you!
Valued Member
rikcando's Avatar
Canada
287 Posts
 Posted 12/08/2010  9:54 pm  Show Profile   Bookmark this reply Add rikcando to your friends list Get a Link to this Reply
I just picked up a partial mint set tonight real cheap because they guy had it stored in his garage. The case was partially crushed, the penny was corroded beyond recognition, and the silver dollar was partially tarnished. I wouldn't get my hopes up to high Scooby.
Pillar of the Community
Scooby Due's Avatar
United States
4000 Posts
 Posted 12/08/2010  10:08 pm  Show Profile   Bookmark this reply Add Scooby Due to your friends list Get a Link to this Reply
Thanks rikcando, that's what I'm asking.

I know you get your share of humidity up there and you're talking about a mint set. That's what I'm afraid of. Our humidity is practically non-stop.
Bedrock of the Community
GR58's Avatar
United States
11951 Posts
 Posted 12/08/2010  11:14 pm  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply
Scooby
I hope it is ok for me to put in my Two Cents ..

I have bought a few collections in the past couple years, a couple were from friends and family.
I wanted to get them as much as I could for their coins and still get good price for the coins I wanted.

What I did was get a good idea what coins they had. Then checked with coin shops as to what they
would pay for those coins. I took notes of the different prices for different grades.
On some of the coins I was not sure of, I went with a low price, but came up with a price they were happy
with. Then I kept the coins I wanted and sold the ones I did not want or already had.

Due to giving the low price, once the deal was done and I had time to go over the coins. Twice I went back
and gave more money. Both times they were really happy to get more money after the deal was done.

In my opinion getting some good coins at the price a dealer would pay, is a fair price for both you and your friend. And if you can work out a layaway plan ... even better.

I do that sometimes with my local coin shop .. they will hold coins or let me pay payments if I am short.
Pillar of the Community
upstate's Avatar
United States
3283 Posts
 Posted 12/09/2010  08:33 am  Show Profile   Bookmark this reply Add upstate to your friends list Get a Link to this Reply
jmkendall,

I always wanted to be the first to do that!

Anyway, You will find some very interesting people here, and although some have amazing collections and pieces, I have yet to encounter a "coin snob". Quality folks at this forum.

Interesting story about the merc's, seems to me the guy was a bit of a fool to keep the keys and bag the rest of the set but to each his own.
Valued Member
United States
85 Posts
 Posted 12/09/2010  11:02 am  Show Profile   Bookmark this reply Add westnlas to your friends list Get a Link to this Reply
When I bought a box of cents near San Francisco while on vacation, I imm ediately noticed they all looked bad. Every one. I believe the humidity is the real killer. Of course, stored in the cheap folders, leaves one side more exposed to air than the other. A recent folder I obtained presented problems with every coin.

Good luck with it.
Pillar of the Community
Scooby Due's Avatar
United States
4000 Posts
 Posted 12/09/2010  1:12 pm  Show Profile   Bookmark this reply Add Scooby Due to your friends list Get a Link to this Reply
Yes, jmkendall. Glad you joined the community!

I wish someone would throw me some junk '16-d and '42/1 mercs! Very nice!
Pillar of the Community
mdh157's Avatar
United States
952 Posts
 Posted 12/11/2010  11:47 am  Show Profile   Bookmark this reply Add mdh157 to your friends list Get a Link to this Reply
my 2 cents:

First, after only a year in the storage unit, I don't think that would have added too much corrosion to the coins...as long as it's not a leaky roof, etc.

Also, I had the chance to help an older couple who lives next to me 2 yrs ago when they decided to get rid of their coins and bills....they had mostly common stuff. They gave me a decent deal on it even AFTER I WAS HONEST ABT THE WHOEL VALUE. And, as a 'gift' for going through their collection they gave me a 1917 Walker in XF - guy told me he got it when he was the treasurer at the church and an old lady used to bring a few of them in every so often for the offering. Not worht a lot moneywise b ut I will keep it til the day I die.
Valued Member
TripAces's Avatar
United States
185 Posts
 Posted 12/15/2010  1:10 pm  Show Profile   Bookmark this reply Add TripAces to your friends list Get a Link to this Reply
Hey Scooby - just wondering if you had an update with this story. I cant wait any longer....HAHA
Pillar of the Community
Scooby Due's Avatar
United States
4000 Posts
 Posted 12/15/2010  1:29 pm  Show Profile   Bookmark this reply Add Scooby Due to your friends list Get a Link to this Reply
LOL - thanks for asking.

He cleaned out the storage shed last weekend and now has a garage full of boxes to go through. The coins are in there somewhere. So, I'm right along with you.

One noteworthy update is that he told me that his uncle died in 2000. The coins have been in there ever since.

So, now we're talking 10 years that those coins have been sitting in there. I really don't know what to expect now. Makes me nervous.
Valued Member
TripAces's Avatar
United States
185 Posts
 Posted 12/15/2010  1:57 pm  Show Profile   Bookmark this reply Add TripAces to your friends list Get a Link to this Reply
Alright the suspense is killing me - Good Luck!
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jbuck's Avatar
United States
189053 Posts
 Posted 12/15/2010  2:10 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
So, now we're talking 10 years that those coins have been sitting in there. I really don't know what to expect now. Makes me nervous.
Maybe you will find these coins in a vacuum-sealed air-tight container.
Pillar of the Community
Scooby Due's Avatar
United States
4000 Posts
 Posted 12/15/2010  2:28 pm  Show Profile   Bookmark this reply Add Scooby Due to your friends list Get a Link to this Reply
I sure hope you're right jbuck, but I'm not counting on it. He remembers that they were in an album, that the last coin was 2000, and that they were thrown in a box.

I tried to put a little pressure on him by telling him that I had 30 people .
Pillar of the Community
xshift's Avatar
United States
2669 Posts
 Posted 12/15/2010  3:45 pm  Show Profile   Bookmark this reply Add xshift to your friends list Get a Link to this Reply
+1

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