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 Replies: 35 / Views: 3,374 |
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Pillar of the Community
United States
2600 Posts |
Chuck, please do not read into my comments any disrespect for the study you have put in or the knowledge you share here on the forum. I have learned much from your insight, have bought your book which I use regularly and have recommended it and your website many times to others here on the forum. I understand the frustration and the fact that you are simply trying to get others to educate themselves.I was just trying to lookout for others feels and I guess that is not really my job. Please accept my apology for anything I said that was offensive.
Jim
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Bedrock of the Community
United States
20753 Posts |
The problem here Chuck is you are the one attempting to put a value on every coin that to you is of value or no value. There are numerous individuals that do buy such coins as you discribed and not for an investment, but for fun, a hobby, something strage, to show others. Not to be critical of your statements, but that is always the one thing you bring up is the cost or value. Regardless of what someone asks such as what is this, you always bring up the monitary aspects. I know you have been in this buisness for a long,long time and considered to be one of our greatest experts, but I suspect you have lost the enjoyment of just collecting coins for FUN. On your forum I have asked a simple question in the past and the first thing for an answer is always, no value or low value. Many, many people collect coins for other than value, resale, get rich, etc. Myself, I could care less what a coin is worth. I am not a dealer, will never be one, will never sell a coin, so why should there always be this value thing tacked on to every question. I have both your books and know you are indeed an expert in the field of many coins. It is your buisness so naturally you place a buisness type lable on every coin. Don't know if you ever collected for FUN, but if you did, try to remember what that was like.
The coins you discribe are always at coin shows around here and they do sell for a dollar or so. Many, many people of all ages buy them and not so someday they will have a coin worth thousands, but to show someone, give to someone or just to have one. It is called FUN. Millions of us do that. No value concerns, no ulcers, no nervousness, just FUN.
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Pillar of the Community
 United States
7629 Posts |
Just Carl - I've been doing this for a while - actually over half my life. I have turned to giving people estimates of expected value because that's what most people want to hear. Most any more don't care what caused it, what it is, or how common or scarce it is. They want to know HOW MUCH? I receive thousands of emails per year asking about this coin, that coin, and in over 80% of them the person mentions value, estimates, or something to the effect.
As for me personally...I don't care what the coins are worth when I collect them. I have a row of binders full of die varieties I found in change, in rolls, and at shows. When I buy them, I annotate what I bought them for, not how much they are worth...because I don't care.
Enter into a position of having been recognized for an enormous amount of work in a field, then write a book or two on the subject and have them published, then come back to me telling me that most people don't care about value. It simply isn't true. Everyone expects books to have a price guide, everyone expects every reply to a question to have something about value in it. If I don't reply with values, they ask as a follow up question, so I cut them off at the chase. I simply state whether or not they have value.
As for these coins selling at shows for a dollar just because, well, it's wrong. Any of these things are easy to find in a rather small sampling, and shouldn't be "selling" at all, really. I still believe - and I'm steadfast on this - that many people who buy these "dollar oddities" buy them because they think there's some scarcity to them simply because they are on a dealer's table. They are undereducated and jump on the opportunity to part with a buck because they trust the dealer knows better than they do, and the item must be worth a buck if it's for sale for a buck. Stop the process from the top and the cheating and misrepresentation stops.
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Bedrock of the Community
United States
20753 Posts |
Not meaning to drag out this topic, but I think what Jim1953 was attempting to point out is exactly what I was saying. Discribing what some like as a hobby, collection or just having it for FUN is not worth the trouble, shows you've lost that thing many,many of us have called FUN and ENJOYMENT. You stated that 90% collect coins for a monitary purpose. I know many, many coin collectors and as far as I know, none, NONE worry about the future value. Of course I'm rather on the old side and so are most of the people I refer to so a future value on a coin is really insignificent. Not sure where you acquired your 90%, but maybe that is the people you know. What happens to my collections in the future, maybe near future, is up to someone else. I would hope they continue my collection as a collection, not something to sell for a new car, boat, etc.
I also collect flashlights and most are what you would say of no value. So what? I collect them for FUN. I don't care if they are of no value and if I show one to someone, I would hope they don't blurt out, hey that is junk, it's of no value, you'll never make money on that. That is not the purpose of them. They are to me, FUN.
As I said I know your in this buisness to make money, but occationally try to remember that many, many people just want to enjoy this hobby without caring if a coin is worth zero or millions.
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Pillar of the Community
United States
3507 Posts |
I don't really want to drag this out any further either. but...the reason we are trying to be realistic is that some of the folks have referred to either putting up or buying from ebay, coins like this. We are trying to stress that the coins should not be purchased for anything more than face value, and they definitely shouldn't be listed on ebay as it promotes the idea that these coins have value which many of them simply don't. I know that I have a ton of FUN doing what I'm doing and I don't think I've ever suggested what someone should or shouldn't collect. We are trying to educate people so that they don't get ripped off by some guy on ebay Listing a "RARE DIE ERROR" with a starting bid of $9.99 that turns out to be a coin with a tiny , miniscule, meaningless die chip. By the same token, people shouldn't find them in a roll and list them on ebay to sell them when they are as common as sand. That is the message that I was trying to get across. Thanks, Bill |
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Replies: 35 / Views: 3,374 |
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Posted 09/07/2007 6:36 pm
