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 Replies: 109 / Views: 15,602 |
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Pillar of the Community
1028 Posts |
I don't know if things are as bad as you say it is regarding the state of coin collecting. I don't think coin collectors have been replaced by those searching for silver. I just think silver hunters have intruded into collector's territory. I do think the majority of collectors are older, but there are some young ones like myself who care about the hobby. Additionally, during the silver boom of 1980 (which I wasn't even alive for) didn't the same thing happen. Everybody ran around trying to get in or get out of the commodities sector while coin collecting got swept under the rug for a while. The State Quarter program I believe also did bring a lot of younger collectors into the hobby. The national parks program, however, was just overkill and a mistake....you hardly see the low mintage coins in circulation anyway AND people/dealers bought up massive bags and rolls so none of it will be worth anything anyway. |
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Pillar of the Community
United States
539 Posts |
I don't know if I am being overly cynical or not. But I know there is another thread going on about the price of silver and gold and the OP was 'needing a rebound' because they had purchased a US coin and the price of silver dropped overnight. Now I am not criticizing someone who wants to collect silver. Fine for them. All I'm saying is that is not the coin collecting I do. But I also made a purchase as it happens when silver I guess was around $35. It was for some German coins that a bit of silver in them. I was thrilled to find them and have enough cash to buy them. I didn't know silver dropped and now that I do, I really don't care it dropped. I wanted those coins because they enhanced my collection. I honestly didn't even know how much silver was in my collection until recently. I knew I had a few silver coins but I knew it was a real small minority. I knew I wanted some of the higher denominated coins but since they are silver, they are just priced too high for what I want to pay. That is the part that I think is really hurting the hobby. Folks are paying really top dollar and then those coins end up being melted when the profit level is high enough.
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Pillar of the Community
1028 Posts |
Yeah, I sorta see what you're saying. Since I actually sold off almost all my non-collection silver when it was really high (like 48) I can say that I actually wish silver would crash. I'm currently trying to put together the rest of my BU Washington and Roosie set and I'm still missing a couple common date silver issues. I am annoyed at seeing a very common silver dime retail at $5 and a very common silver quarter retail at $12. So the annoyance for me is when the price of silver goes up so high that it really takes over a coins numismatic premium....and then dealers still asses one. A 1960 MS-63 dime should be a $1 coin honestly, not $5.
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Pillar of the Community
United States
539 Posts |
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So the annoyance for me is when the price of silver goes up so high that it really takes over a coins numismatic premium BINGO I do hope you continue even in this time. I love my coins, well I love my wife and kids, my coins I really like LOL. It is a very soothing hobby aside from trying to get some coins that have silver in them... Many of us started out young. I was 12 I think as best as I can remember. I actually bought coins from Littleton when they were a coin company! Every few weeks I would get an approval set of 'common' foreign coins, not a drop of silver in any of them. Each coin or set of coins would be like 15 cents to 75 cents. Those were the days and I still have all of those coins! |
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Pillar of the Community
United States
4870 Posts |
Personally I think the silver prices have numbed many small time collectors as myself from buying the most basic coins like a common date BU quarter for $12 for example. The numismatic value + silver value= bloated prices even for the common silver coin.
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Pillar of the Community
United States
797 Posts |
I too dislike when I am at a show (or a dealer for that matter) and nothing is marked. I can certainly understand silver and gold not being marked, or maybe being marked as X% of spot or something, but when you don't mark anything, that gets annoying. I hate to have to ask about every coin I am interested in. Most dealers are cool, but I have had a few that act put-out when you ask about a price on more than 1 coin. If they act like it is a bother, I listen to the price and unless it is a killer deal I move on pretty quick without asking about anything else. Plus I hate to be the guy that stands there and has to keep asking about prices because I might be curious about numerous coins. I know it is a hassle to keep up with some price changes, but honestly is that VG Seated dollar or that XF half-cent or that 1987 proof set really going to change that much that often? Edited by spaceace
09/28/2011 12:32 am
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Valued Member
Australia
278 Posts |
hahaha try being a yonuger Goth couple.
People treat you like you are there to rob the store or steal stuff.
I even went to one coin show and after being there for a couple of hours and after amassing a arm full of bags of coins from different dealers we kept looking for other ones we wanted.
Then some *nice person* decided that my pile of bags on the floor was a good spot to leave his bag as well...
After get yet another coin in yet another bag to add to the arm I picked up the pile of bags and contiued shopping for more coins.
About an hour later I get a tap on my shoulder from a security guard. He asked me what coins were in what bags and if a RAM bag that was hanging for all to see was mine.
I told him it was either mine or my Girlfriends bag as we were both buying like crazy, thats when my girl jumped in and said it wasnt hers.
I handed the bag straight to the Security guy saying that in light of my girls statement it wasnt my bag and I had no idea what was in it as I had another 10 or so bags I was trying to carry and that I must of picked it up by mistake.
He laughed and told me I would make a bad crook cos I stay in the one spot too long hahaha and that was what I thought was going to be the end of that...
Boy was I wrong.... So the security guy believed us both, he took us to the organiser who believed us but then told us that the owners dont care that they have to coins back they want charges pressed against me for theft and they were on the phone to the police as we speak!
WHAT!
So then they told me that if I didnt want my day to be cut short and taken away for questioning that I should quietly step out the back door.
(they reviewed tapes and saw when I picked up the bag as the numb skull did infact add his bag to my pile)
So now to wait till the next show to complete my list of empty spots in my album and I am taking one BIG bag so all my bags will go into that one safe from others to mix up bags.
The dealers were friendly enough, but when they found out I wasnt buying gold or high priced coins they ignored me.
That was there loss cos even though I am not buying expesive coins I am buying alot of cheaper ones and I spent over $300 on the next table just to show how much money wasnt going to the first one.
So my thing to everyone is to keep an eye on your own bags and watch out for tools who cant keep track of the stuff they buy as they will try and frame you!
But I wonder if I was an old guy would they have done the same thing?
or was it because we are 'Goth' and young that they wanted to force the police to be involved?
I wanted to spend the WHOLE DAY in there and get as many spot fillers as I could seeings I dont really get too much time off from work I took the weekend off this show only to have it cut short.
my rant is over.
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Moderator
 United States
16679 Posts |
I hear you Bob. I only sold at a small show once, and had the prices written on the flips and holders. Needless to say, went smoothly and knew what I originally paid for the coin via a list. Makes sense why they do it now.
swcoin.ecrater.com
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Rest in Peace
United States
9104 Posts |
 , streg2! |
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Rest in Peace
United States
9104 Posts |
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My question to you all and I'm sure some of you are dealers is why not put the price on the front and I will never have to bother anyone till I see a coin I'm truly interested in purchasing? We priced all coins. Everything priced on the front. We seldom gave discounts except for quantity. Never made sense to me to have a "public" price and the real price, especially since the charade was over the first time a customer looked at a coin. |
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Rest in Peace
United States
9104 Posts |
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I too wish that dealers would price their coins - and also find it funny all the codes they use to know what they want instead. They use those codes for the same reason the highway signs show mileage to the middle of town instead of the city limits. The code shows when they bought it (sometimes) and what they paid. That's not gonna change. |
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Valued Member
United Kingdom
66 Posts |
As I work for a charity we are planning to have a stall at a coin show and sell all our coins at £2.50 a 100grms we hope this is a fair deal and if not please let me know but we will offer a discount on bulk purchases
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Rest in Peace
United States
9104 Posts |
, Lil Silver! |
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Pillar of the Community
Australia
7096 Posts |
Take a deep breath Gecko. You come out of it with all your fingers and toes and your integrity intact. Be more carefull next time and don't let this diminish you'r enthusiasim  |
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Rest in Peace
United States
9104 Posts |
Quote:
As I work for a charity we are planning to have a stall at a coin show and sell all our coins at £2.50 a 100grms we hope this is a fair deal and if not please let me know but we will offer a discount on bulk purchases
For left ponders, that's about $1.22 per troy oz. Way cheap for silver. Is this pick and choose, or grab bag style (you pay £10 and get a 400 g scoop)? |
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Replies: 109 / Views: 15,602 |
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Posted 09/27/2011 7:04 pm
