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 Replies: 13 / Views: 2,130 |
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Pillar of the Community
United States
1450 Posts |
The magazine is really pushing the LWH, but they seem to be talking about coins in higher grades. I have a full set of LWH's but not in higher grades from 1916-1929. What public are they talking to as far as collectors? It is easy to get higher grade LWH in the 1940's but try to get them in Teens or 20's. You will pay thousands. Who has thousands to buy coins? Some collectors do have this kind of money, but most don't I think.
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Pillar of the Community
United States
937 Posts |
Do they define 'higher grade'?
Their definition could be Good is a higher grade where you could be thinking AU is a higher grade.
they are using vague terms with no definitions.
Nothing ileagal or imoral, just vague
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Bedrock of the Community
United States
17884 Posts |
I have found that the coin periodicals have always had an inflated idea of who the collectors are. I've seen many an article, especially dealing with auctions, trumpeting "XYZ sale shows the collector has returned to the market!" or something along those lines, and then it goes on to discuss all the five figure coins that sold and their prices. Now I don't know what anyone else thinks, but I believe if you are the kind of collector that can casually drop five figure amounts for the coins you need, you probably have never LEFT the market. The collector that leave the market and come back when things are better are the one who when they pay a five figure price for a coin two of those figures are to the right of the decimal point.
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Bedrock of the Community
United States
94367 Posts |
 Well said. |
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Pillar of the Community
 United States
1450 Posts |
They were talking about AU and above LWH's. A 1919-D in MS63....$18,000. 1921-S in MS63 28,000. This is just not realistic for me. I start to brown my shorts when I think about paying $1000 for a coin. I have done it and had to throw away those shorts.
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Bedrock of the Community
United States
94367 Posts |
 All righty then! |
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CCF Advertiser
United States
1533 Posts |
There are collectors that spend $5 per coin on average. There are collectors that average $1,000 per coin. They both leave the market and come back to the market. That's what makes a hobby.
Personally I left the market for 20 years to start a career, then a family, then to support my son's hobbies of Thomas Trains, then dinosaur fossils, then Pokemon cards. Now I have time for my hobby again.
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Bedrock of the Community
United States
11951 Posts |
This hobby has many levels of collectors.
There seems to be a comfort level of how much each collector
likes to pay for a coin.
I feel there is nothing wrong with a level .... Just be happy and collect
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Moderator
 United States
187446 Posts |
Quote:
I feel there is nothing wrong with a level .... Just be happy and collect  |
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Pillar of the Community
United States
7184 Posts |
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Pillar of the Community
United States
757 Posts |
Walkers are amazing to see in MS, but like you said not many people can afford to complete the set in VF let alone MS. I have a complete set the 30's and 40's are nicer MS63-65, but 16-21 I don't even want to talk about those.  I have to many other sets I'm working on too dedicate those kinds of funds per coin to upgrade them at the moment. |
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Pillar of the Community
United States
3342 Posts |
I like the muddy toning on your coins. Too bad the 1923-S has those scratches. I like that date for some reason. Above Fine it's very hard to find decent examples at affordable prices. The best I could do was a VF.
That 1916 is really sharp. Nice to see all the skirt lines and the LH fingers and thumb. And those eagle breast feathers look like dragon scales.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
06/15/2016 6:49 pm
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CCF Advertiser
United States
1533 Posts |
In AU/BU the whole set can be put together for about $50,000, half of which is the 3 coins bearing the 1921 date, which is not really all that much for a life long collector project. I love the series, but one of my failings is I lose interest in the same design when the set has a lot of coins.
I had put together a "short set", 1941-1947 in AU-58 about 20 years ago, the whole thing of which comes to around $500. I'm in the process of selling off the individual coins now.
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Pillar of the Community
United States
1450 Posts |
I had a bottle of Walkers when I was a kid that I found in circulation in the 1950's. My cousin stole them I am pretty sure but he has been dead for a few years. I loved spreading those coins out on a sofa or bed and just looking at them. 50 cents was a lot of money for a kid in the fifties. When I started to collect many years later it was the Walkers that I started with first. I will never get a set in AU or above but I might improve some of the coins I have. I have a complete set of Walkers, but not any in AU or better in the years from 1916-1929. I am not obsessed with coins and was thinking of getting out of it when today I was offered a deal on 1916 LSQ from my LCS. I have to get more details about the coin and price before I make up my mind and there is plenty of time. I know it will cost at least $5500. I am not sure I am up for that much money as a semi-investment.
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Replies: 13 / Views: 2,130 |
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Posted 06/14/2016 2:05 pm
