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 Replies: 43 / Views: 6,031 |
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Pillar of the Community
Canada
1979 Posts |
We all in the hobby have our quirks and foibles. Some like the prettiest ones. Others search endlessly and/or pay greatly for minor variety differences among pretty common dingy old coins. Is there really a difference? Each is trying to collect something that is rare by his/her own definition.
Most of humanity think this all crazy regardless.
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Valued Member
Canada
50 Posts |
I can say that back in the day when we bought coins many were still raw and were put in holders only when we sold the collection. That particular coin was purchased raw as part of the late Douglas Robins personal collection of large cents. He never ceased to amaze us with the treasures he salted away and was invaluable in helping us assemble an unrivaled collection as did so many of the other dealers during our quest for completion.
As for the coins in the picture, back in the day I would have probably preferred the lower graded one as it is more lustrous and better eye appeal despite a few very minor field distractions.
I always bought the coin and never the holder and it served me well.
Edited by Sid Belzberg
09/15/2019 5:37 pm
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Bedrock of the Community
13014 Posts |
Quote:
Which would you rather have -
1. the one graded MS66RD
or
2. the one graded MS65RD and and $4534 How about neither and start a college fund for someone, or help a homeless person back on their feet, or pay someones medical bills that can't afford it. The list goes on and on. Finances are all relative and none collectors mock you in the same way you mock those at the top of the food chain. It should be celebrated that there are people who are passionate enough about these series to bid these up to where they sell at, not constant jealously that the best of the best costs a lot
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Valued Member
 United States
419 Posts |
I really like the MS65 And bid ($322) on it but no joy. I only wish I still had the type set I sold off when I became editor of World Coin News (Krause) back in the 80's. You could get really nice (un-slabbed) bronze coins back then for a very low price.
I still don't think a beautiful coin is worth 10 times more than a similar one, just because the is a "6" on a tiny piece of cardboard instead of a "5"
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Pillar of the Community
United States
789 Posts |
Quote:
However when it's at the top of the condition census it's no longer common. The coin is still common, the subjective grade is not. Change my mind. 
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Bedrock of the Community
13014 Posts |
Quote:
The coin is still common, the subjective grade is not.
Change my mind. No interest in trying to play gotcha games and that isn't me trying to be a jerk or anything. Condition/grade is a fundamental aspect of collecting. There is nothing common in cases like the example of the finest known.
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Pillar of the Community
Canada
1463 Posts |
Congrats to whomever bought it, must be blazing luster!
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Pillar of the Community
Canada
5091 Posts |
High prices for high grade coins is not something that I attach great value to, but I would not call someone crazy if they do. It is a kind of game, and I am quite sure that the purchaser was quite happy with his/ her purchase. People have spent a lot more on their other games.
I am personally quite nervous, from a financial perspective, of owning something whose value is so subjective and fragile (a tiny bump and 90% of the value is gone). For the same reason I would not want a proverbial Ming vase in my house, assuming I could afford it, as I would always be afraid of it breaking.
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Pillar of the Community
United States
789 Posts |
Quote:
No interest in trying to play gotcha games and that isn't me trying to be a jerk or anything.
Condition/grade is a fundamental aspect of collecting. There is nothing common in cases like the example of the finest known. Not playing games, don't think you are a jerk. But the coin itself is one of hundreds of millions (or is it billions? Didn't look at numbers.) It's a common coin.
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Bedrock of the Community
13014 Posts |
Quote:
But the coin itself is one of hundreds of millions (or is it billions? Didn't look at numbers.) It's a common coin. If you don't think condition matters I'll be happy to make all the trades you want where you give me higher graded coins, after all it's just common coins.
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Pillar of the Community
United States
789 Posts |
Quote:
If you don't think condition matters I'll be happy to make all the trades you want where you give me higher graded coins, after all it's just common coins. Hmmm, I don't see where I posted that I thought condition didn't matter. But I like you, so I'll tell ya what I'm gonna do. I will give you all my MS70 Lincoln Memorial cents minted after 1983, in exchange for any ground recovery Lincoln from the same time period. But first I need to start buying those MS70 coins. I plan on buying them when the price is in line with those coins "rarity" numbers.
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Bedrock of the Community
13014 Posts |
Quote:
Hmmm, I don't see where I posted that I thought condition didn't matter.
But I like you, so I'll tell ya what I'm gonna do. I will give you all my MS70 Lincoln Memorial cents minted after 1983, in exchange for any ground recovery Lincoln from the same time period.
But first I need to start buying those MS70 coins. I plan on buying them when the price is in line with those coins "rarity" numbers. If you believe there are any the price is already basically in line for those. I tend to agree with PCGS that there aren't any 70s well at least as not as many as NGC has graded anyways, but even with an open mind that there could be I haven't seen any I would grade as such. Point was that even if something is a common coin, the premium examples of it are generally anything but common. The only way to ignore the condition when talking about how common or rare it is is to say that condition doesn't matter which very few collectors are willing to do. If the grade/condition matters than those grades are not common
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Pillar of the Community
United States
3194 Posts |
We're all coin people here. Pretty sure we all go through our pocket change before tossing it into the dump jar. Every time you see an exceptional coin you know it. Those ugly, 2-dimensional Washington quarters we have these days get a second look when you pull an early die state example that hasn't been trashed. I still spend them, but I appreciate the difference. I certainly see how condition is important and how unusual high grade examples can be. Graded / ungraded, MS / circulated, etc. is a matter of individual taste. I don't fault anyone who wants to shell out the big bucks for top pop coins or population rarities. The only reasons I don't are noted in my bank account. Kudos to those who can and do! "Nummi rari mira sunt, si sumptus ferre potes." - Christophorus filius Scotiae
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Pillar of the Community
Canada
1979 Posts |
And just to close the loop, I see Lantern today knocked off Willamette as the #1 registry set IN George V Large cents........
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Pillar of the Community
Canada
1979 Posts |
Just one other interesting tidbit. Lantern has taken the #1 position in this set and has been in a 15 year battle with Willamette over it. It is a well contested category. But when you look at the Lantern #1 set, of the 10 dates in the set, it only has 1 coin that is tied for first. All the rest have higher graded coins out there. If you look at other Canadian registry sets in major categories, the top set usually has many top ranked coins. Odd.
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Posted 09/15/2019 2:55 pm
