Discipline At Coinshow - Coin Community Forum

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Author	Replies: 5 / Views: 1,160
Thundercoin Pillar of the Community United States 675 Posts	Posted 03/17/2007 2:26 pm I spent some time at the small Wellington, Kansas coin show this morning. There were probably 25 or so dealers there. I was specifically looking for a 1921 Mercury dime in G/VG condition but I came home empty-handed. It seems that almost every dealer thinks that an AG coin with a completely worn out back rim is a Good. To me that is an AG. I even had a dealer show me a "VG" that didn't have a complete back rim! Since none of the coins met my expectations I decided to pass on them for now. It was kind of hard because I really wanted to go home with one. Otherwise I did see some very nice coins, including one dealer who had an incredible selection of BU Indianheads and an absolutely amazing selection of toned BU Buffalo nickels! (These were older, harder date buffalos as well and some were over $1,000). As much as these coins were saying "buy me", I kept my wallet in my pocket! My only purchase was a strong VG 1918-s Liberty Walking Half for $6. I just loved the natural look about the coin, (not too dark or too light, just nicely worn). I figured I couldn't go wrong for $1 over melt. Anyway, it was only my 2nd coin show in the last several years and I had a good time. Hopefully next time I'll have better luck! Report this Post to the Staff

SsuperDdave Moderator United States 23522 Posts	Posted 03/17/2007 2:33 pm You have just summarized the single most important skill to develop in our hobby, ahead even of the art of grading - discipline. With all these shiny pretties laying around, speaking to us like Sirens calling the sailor, it's important to keep within oneself and stick to one's plan. Otherwise you're broke when the right coin comes along. Or divorced. Or worse. It's a trait I must confess to losing on occasion. Report this Post to the Staff
tonphil1960 Valued Member United States 382 Posts	Posted 03/17/2007 3:40 pm Yes indeed, I have come home with lower grade coins than I really wanted, then again the hole is filled. Very Happy? No, satisfied yes.. It is very hard to control yourself seeing the coin you need but not in the grade you want. Tony Report this Post to the Staff
gxseries Pillar of the Community Australia 3831 Posts	Posted 03/17/2007 4:27 pm Good displine indeed. I have a bad tendency to buy what isn't really on my list, so my pockets hurt. My partial coin collection http://www.omnicoin.com/collection/gxseries My numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htm Regularly updated at least once a month. Report this Post to the Staff
longnine009 Pillar of the Community United States 1247 Posts	Posted 03/17/2007 7:17 pm If it's hard to find the coins you want in the grades you want then sticking to your plan will make you happier in another less obvious way. You will of course be very happy when you finally find what you want. But the difficulty becomes the "inefficiency" that everyone scowls at. Let them scowl! "Inefficiency" mitigates the Law of diminishing marginal returns: "A law of economics stating that as a person increases consumption of a product - while keeping consumption of other products constant - there is a decline in the marginal utility that person derives from consuming each additional unit of that product." http://www.investopedia.com/terms/l...gutility.asp a.k.a as "burn-out." You can see the more extreme examples of this happening right now with collectors talking about burn-out with date collecting, VAM collecting and die varieties. It happened to me collecting BIEs. Very easy to find on the Internet but after awhile they all started to look like the same hen with different clucks. That poor barn-yard rooster must yarn for another Sunday barbecue. But!...the original BIE collectors had 10 very happy years of it. Because it took longer--trading with each other by snail mail. The "inefficiency" of snail mail over the Internet slowed down Econ101. We marvel too much in this country about efficiency and speed. And yet what is it? A faster way to entropy? Report this Post to the Staff
Jaobler Pillar of the Community United States 6385 Posts	Posted 03/17/2007 7:25 pm Hello Thundercoin, I agree it's usually smart to hold out for the grade of coin you want. I hope you locate an example that meets your requirements. Coincidentally, I purchased a Good-4 1921 dime to offer as a raffle prize at our monthly coin club meeting on March 13. This coin was an excellent match for the grade criteria specified by series expert David W. Lange in his Mercury dimes book. The reverse description for a Good-4 example reads: "the fasces is flat but separated from the rim, which has worn one-third of the way through the legend". In other words, at the G-4 level the reverse rim will be merged with the tops of the letters. Lange agrees that a VG-8 coin must have a reverse rim that is "entirely separated from the legend". I got our raffle prize for a special club price of $42. The winner was very happy! Report this Post to the Staff
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