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 Replies: 8 / Views: 1,854 |
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Pillar of the Community
United States
4637 Posts |
O.M.G.
Received my catalog about 2 weeks ago and finally had time to look through the selection of U.S. paper currency. This catalog has an unbelievable assortment of never before seen MPC's (over 30 pages), a 1933 $10 Silver Certificate (67EPQ), both 1935A $1 Experimental "R and "S" Star notes (both 65EPQ), a full sheet of 1928 $2 Legal Tenders, consecutive pair of $5,000 notes, an ex-Binion $10,000 note, and the list goes on. Auction estimates are mind boggling.
It's somewhat garish and tacky, but does anyone here know (don't name names) any collectors spending this kind of money on their collection ?
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Pillar of the Community
United States
959 Posts |
Unfortunately, most people I know (family and friends) don't understand coin and currency collectors, and why we do what we do. I have several friends that are really into firearms. I have always like this hobby as well, but not to the extent they are. About the only guy I know is my neighbor's brother, who is into Morgans; Slabbed. I was talking to him a couple weeks ago, and ask him how his collection was going, and did he have the 1893-S. He told me he was missing a couple key dates, but all were MS, except the '93. He could only afford AU58.......Poor Guy.  Didn't have the nerve to ask what he paid. |
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Bedrock of the Community
United States
94367 Posts |
I know a few fairly well and have met others. $50K is chump change in almost any major collecting field.  |
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Pillar of the Community
United States
959 Posts |
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$50K is chump change in almost any major collecting field. Not for me Coinfrog. Some make entirely too much money, and that drives the price up for everything! |
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Pillar of the Community
 United States
4637 Posts |
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$50K is chump change in almost any major collecting field I agree Mr.Frog. After seeing page after page of incredible notes, and the auction estimates, it made me think. Maybe I should start looking at this thing I call a hobby through new eyes. I am truly a very small fish in a very large pond. |
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Bedrock of the Community
United States
94367 Posts |
mfhorn - believe me I wasn't including myself! As an antique dealer (retired now), I have personally seen hundreds if not thousands of art objects and pieces of furniture go for well over $100K at auction over 40 years. |
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Pillar of the Community
United States
959 Posts |
Coinfrog;
This and many other hobbies were more fun back in the '60's and '70's. The grade of a coin or a note didn't matter as much as just filling that empty space. Now it has to be perfect.
While there are probably many who can drop 20K or more on a coin or note, there are very few that can do this on a weekly basis.
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Pillar of the Community
United States
624 Posts |
I worked for a lot of very very wealthy investers when I worked in Beverly Hills and some of them would build amazing collections of things we only dream of. I even got to drive a very small percentage of an antique Ferrari and Lamborghini Collection. I saw millions of dollars worth of art hanging next to tv's. And I know for a fact that some of them had coin and currency collections. I can only imagine what some of those specimens in those collections must have looked like.
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Pillar of the Community
United States
1285 Posts |
I knew a coin collector in Texas whose pockets were deeper than the Grand Canyon; unfortunately he was never a collector of paper money; except in his bank accounts. I remember a couple of auctions when he had over $10k in his pocket.
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Replies: 8 / Views: 1,854 |
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Posted 08/04/2016 5:50 pm
