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First Page  Showing last 15 replies.
Author Previous TopicReplies: 20 / Views: 3,476Next Topic Page 2 of 2
Valued Member
United States
144 Posts
 Posted 10/01/2015  12:04 am  Show Profile   Bookmark this reply Add 831Mani to your friends list
Thanks guys,I try to save the older bills just like calzone said they are disappearing
Bedrock of the Community
United States
94367 Posts
 Posted 10/01/2015  4:40 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list
Not a keeper for me. Reason is, it will never be worth more than face in this condition, so why not just put it toward something with upside potential!
Valued Member
United States
165 Posts
 Posted 10/01/2015  5:43 pm  Show Profile   Bookmark this reply Add zeta374 to your friends list
cool find tho!
Pillar of the Community
1325 Posts
 Posted 10/01/2015  6:59 pm  Show Profile   Bookmark this reply Add shadz to your friends list

Quote:
it will never be worth more than face


Is that your objection to CRHing and why you try posting in those threads to get people to stop doing it because you think everything is about greed mongering?

OR you cannot accept people collect things for reasons other than those you have for collecting?

Not everyone collects coins to be a part of the speculations market. Same goes for paper such as stamps or bills. That $5 is a keep because it is an example of something that doesn't exist anymore. In many collectible circles this would be known as OOP (out of print/production) so already has an intrinsic value.

Also for its age based on its series it is very respectable find "in the wild" or circulation. Some people keep bills with a serial number that contians a birth date, others radar, others many other reasons. And there are Many reasons one could keep this one, among them are someone wants to make a set of bills like the "20th century coins" and this $5 is an example just like any Buffalo nickel would be to fill a "hole" in that collection.

collecting isn't about making money for everyone, its about doing something you enjoy and being able to enjoy what you found. You obviously don't enjoy anything that doesn't have a potential profit, but for crying out loud; you don't have any say that others have to collect that way. Let people have their own collections they want to have.

Let me ask you this. If he put this $5 bill towards getting another series 1963 A in better condition, would he be able to afford the condition bill that WILL have a future profit with just the $5 pictured above?
Valued Member
United States
144 Posts
 Posted 10/02/2015  4:32 pm  Show Profile   Bookmark this reply Add 831Mani to your friends list
@shadz...Spoken like a true collector
Bedrock of the Community
Learn More...
United States
12864 Posts
 Posted 10/02/2015  6:36 pm  Show Profile   Bookmark this reply Add CelticKnot to your friends list
I like it and I'd keep it for the reason: "it is an example of something that doesn't exist anymore". Well, we know it does exist but is in dwindling supply and it certainly isn't being produced any more.

Plus it's only $5.



Pillar of the Community
United States
650 Posts
 Posted 10/03/2015  12:13 am  Show Profile   Bookmark this reply Add batboy to your friends list
In my opinion, it's a keeper. The small head bills are a vanishing breed as Calzone said. It is true that well circulated currency will never be worth a lot. So strictly as an investment, it's a low yield item. To say that bill will never be worth more than $5 is a little shortsighted. How about the satisfaction value of finding it yourself after combing through countless bills that pass through your wallet. Maybe a grandchild that inherits it years later will think it's a priceless sentimental heirloom?
Pillar of the Community
Canada
3049 Posts
 Posted 10/03/2015  02:05 am  Show Profile   Bookmark this reply Add AgCoinAu to your friends list
shadz:

I think you have to understand that there are many people here with multiple opinions not all of them will agree with yours or others on this forum. That's what makes this forum so great. So when someone asks if something's a keeper the two responses are going to be either yes or no.. and some people will even give their reasons as to why.

True people are drawn to collect currency and coins for a wide variety of reasons and the first reason for anyone should be because they enjoy it.

But the fact of the matter is any money that is kept for a long period of time actually loses value due to inflation alone. Take that $5 note from the '60's for example. In 1963 what could $5 get you? Perhaps two tickets to a movie? Now the same $5 bill won't even buy you the popcorn!

So yes from strictly a nostalgic point of view... if you don't mind holding on to $5 and putting it away... there's really no issue and if you get some pleasure from looking at it every now and then GREAT!

But coinfrog also does provide sound advice for someone who wishes to be a bit more of a serious collector. If you decide to keep say 20 notes of similar condition and value that's $100 that will simply get eaten by rate of inflation over the next 20 years. Conversely if you manage to even pick up a few pieces that would increase in value exactly with the rate of inflation, in this hobby that's like an RBI in baseball. Finally if you manage to hold some pieces that increase GREATER than the rate of inflation, then you've hit a "walk off" grand slam!

I personally think BOTH of you are correct in your answers to the question... because I think I also understand both perspectives...
Pillar of the Community
United States
624 Posts
 Posted 10/03/2015  03:15 am  Show Profile   Bookmark this reply Add Mayflower2020 to your friends list

Quote:
it will never be worth more than face in this condition


I wouldn't say never. In 50 years when it is a 100 year old Bill that doesn't have a microchip in it and was printed on actual paper it might be worth something. Not a fortune, but a small premium.
Pillar of the Community
1325 Posts
 Posted 10/03/2015  04:00 am  Show Profile   Bookmark this reply Add shadz to your friends list

Quote:
does provide sound advice for someone who wishes to be a bit more of a serious collector.


And people wonder why I am so hostile at things recently. This crap right here. If you aren't doing it the ONETRUEWAY you are not a serious collector. This is theTrue Scotsman argument just all over this place too now. What trash every hobbyist has become when they turn into elitist snobs.

You, Coinfrog, Wheatback, and Pacificoin will be happy when nobody is collecting any way other than your own right? |

Maybe you should read Coinfrog's posts in the CRH forum and you will be able to tell a pattern to them. Take special note of his/her own thread that was created after it was explained to him/her in another thread (see the link in jbuck's post therein) and then he continues to go around trying to tell people its worthless to collect unless you are making a profit since that time.

Maybe if he/her phrased his opinion better it would make all the difference rather than appearing to just be flame-bait or trolling.

I so wish this forum just had an ignore feature....
Edited by shadz
10/03/2015 04:01 am
Pillar of the Community
United States
6370 Posts
 Posted 10/03/2015  08:52 am  Show Profile   Bookmark this reply Add TypeCoin971793 to your friends list
Put it on ebay for a price plus free shipping so you get only $5 back. It'll go to a collector who actually needs it.
Pillar of the Community
Canada
3049 Posts
 Posted 10/03/2015  2:43 pm  Show Profile   Bookmark this reply Add AgCoinAu to your friends list
Shadz: I really am sorry that you're so hostile.... but there's nothing I can do for you ... you control your emotions - or - your emotions control you... either way nothing that I can say or do will change in that equation.

We're talking about differences of opinion... but I think you're looking at some words and being offended when you really shouldn't be.

The point I made about being a "serious" collector is valid and I stand by it. The question you fail to ask is what makes up a serious collector? What quantifies one as being percieved in my opinion as a serious collector. That my friend has nothing to do with how much you spend on one coin. But has everything to do with what you have INVESTED in the hobby and while one quantifier may be money, there is also time, research and knowledge that in my opinion have greater weight. So please do not make me out to be some facist that thinks you MUST collect in only one way shape or form.
I will have you know that I do coin roll hunt. Because I love it. I seek to find different varieties... because I love it.. I take several notes out from the bank hoping to find a "keeper".... because I LOVE it! And I most certainly don't knock anyone for anything they do that involves this hobby. All I was saying is that the point is valid! Inflation can totally eat away at someone's collection in a very fast way! If you can't understand that simple point then there's no way you can understand the perspective of coinfrog or pacificoin... And while on the topic of those two individuals I should let you know that both of those individuals have provided some fantastic information on this site. I'm personally glad that they're here and contribute to this forum. I know for a fact that at least one of them at one point in their life has actually made a living buying and selling coins. That's not an easy thing to do. And yes it does take a different perspective to be a dealer than a collector, but it's also a perspective that's worth listening to!

I in fact am glad there isn't an ignore function on here... as I would much rather listen and LEARN from multiple perspectives than just read over and over again posts with people that have the same perspectives. If that frustrates YOU... then it is you that has an issue, and I do not nor will I appologise for any of my opinions ... but I will feel sorry if not pity for you as it seems to foster feelings of hostility...

Edited by AgCoinAu
10/03/2015 2:46 pm
Pillar of the Community
1325 Posts
 Posted 10/03/2015  5:05 pm  Show Profile   Bookmark this reply Add shadz to your friends list
No, you miss the point that such you define some collectors worth and others not in degrees in which you can call someone "serious".

Here's the thing about collecting be it stamps, paper currency, coins, baseball cards, postcards, WHATEVER: all it takes to be a collector is to keep something for yourself that has a value to you to want to KEEP it. NOT that it may have a value to other people so you can sell it.

Having something to sell is NOT a collector, but a speculator. Be it an art speculator, that bought a painting in the hopes its value would go up, or a comic book speculator, etc.

A, ANY, ALL collectors, collect for the simple reason of the thing has PERSONAL value, NOT MONETARY value.

What you are talking about if NOT a speculation market or for lack of better word a profiteer since they only seek a profit, would be a hoarded.

People hoard silver, and yes silver coins are hoarded because they are silver not because they are coins, for the hopes of increased monetary value. Not because they are coins. The ONLY fact they hoard silver coins is there is ample guides out there to determine a value of the silver unquestionably when dealing with other people. Otherwise they would hoard all silver like jewelry, but jewelry has no real guide to what its value is, the content can ALWAYS be disputed between two people and the only real way to hoard it, would be to melt it into bars of the purest possible. Ergo they are not coin collectors, they are just hoarding silver.

Now that doesn't mean everyone that is keeping every Morgan they can get their hands on is a silver hoarder, but there are many that are, they probably also have a nice "collection" (read hoard) of other bullion in mint released bars or something of the sort that the bought that is recent just to have the silver.

a collector of something doesn't do it because it has a value to someone else, they collect because it has a value to them.

If you would go look at the posts by Coinfrog that you were given links for you would see what I am talking about, but I am sure you did not. Go ahead and tread into the CRH forum and just see where he/she and a few others have simply tried to tell people to "stop CRH". This is not just an opinion when they tell someone they are doing it wrong because it isn't the way this person that wants them to stop is doing, but it bigoted. Just as your comment was bigoted trying to claim some collectors are not "serious" because they don't meet your standards either.

IF you can see both sides, then maybe you should take a step back and look at your elitist commentary and realize the damage it does and stop doing it. Or are you like the other guy that wants others to stop, so you can get what they would have gotten and begrudge them being able to have anything because it reduces the chance to add to your hoard?
Pillar of the Community
United States
624 Posts
 Posted 10/03/2015  5:29 pm  Show Profile   Bookmark this reply Add Mayflower2020 to your friends list
I like it. I'd put it to the side until I needed to spend it and with $5 that's pretty easy. At one point I had a 100 Star Note. It was part of my Christmas bonus, and eventually I needed to use it, but it was the last $100 of my bonus that I spent.
Pillar of the Community
Canada
3049 Posts
 Posted 10/03/2015  9:58 pm  Show Profile   Bookmark this reply Add AgCoinAu to your friends list
Wow... your posts directed towards me include name calling and hostility yet I show you none of that. My main point is that there's a difference of opinion and that should be welcomed...

I cannot speak for the others you talk about in the other threads.. nor can control what they or you say... I was merely hoping I could bring to your attention that there are many people.. with many different styles of collecting and many opinions on how to collect.

That is simply my main point... if you wish to carry on this any more it won't be with me... I don't care to discuss things with you. I feel that you're putting words in my mouth, I don't like your tone, hostility or the way you start talking about issues that I nor anyone else have even brought up (ie. silver stacking and hoarding)

I hope you enjoy your collection.. I wish you luck in your coin roll hunting and hope you find many coins that make you happy.... I hope you have a more positive experience on these forums... but if many people start bothering you with them giving their opinions understand that's EXACTLY what this forum is for. If you don't like it... it's you that really has the problem...

This place is supposed to be fun and enjoyable and promoting the hobby.... I appologise to you that I wasn't as diplomatic or well versed with my words and vernacular in my attempt to get my point across.
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