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 Replies: 21 / Views: 3,995 |
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Rest in Peace
United States
954 Posts |
Here is an interesting question for a new forum. We've all heard the phrase " I got a Deal on that one" or "You never got a deal on that." In your opinion how would you personally define a "Deal"catman  |
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Pillar of the Community
United States
7123 Posts |
Any amount less than retail !
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Moderator
 United States
23531 Posts |
You have taught me read the book buy the coin Yesterday I had the opportunity to purchase a set of coins below book value below face vale and below bullion value. I visited a shop I had not been in before. Amazingly they had a set of Australian proof coins- No other Australian coins in the shop. I examined them - Proof coins in original packaging fom the Mint. Seller explained they had been in the shop for a while. "Make an offer, I want to get rid of them". I bid very low he accepted, purchase price 1/3 the price of lowest listed on ebay or in books for the last year. That to me is a DEALrggoodie
aka Richard
"catch em doing something right"
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Pillar of the Community
United States
2724 Posts |
A deal? What I would consider to be a good deal is finding the right coin and being able to obtain it. Often collectors assign "deal" to the price paid. I believe that this is a bit short-sighted. For example, if you were to pick up a coin that is rarely available or with a miniscule mintage, would that not be considered a deal? What good is picking up an AU 1934 Buffalo nickel for half the current value? They are really a dime a dozen. On the other hand, if you were lucky enough to pick up an 1801 Bust Dime in Unc condition, you would have a good deal regardless of price paid. In your travels to any coin show, try finding a Proof Half Cent. According to the mintage numbers, they should litter the bourse floor, yet they are considered a great deal if one can be found. Of course, all this could simply be the rambling of one dealer. :-) |
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Valued Member
United States
382 Posts |
If I buy a coin that I need for my collection and pay a fair price under retail I am happy. If I really need the coin and it's hard to locate I'll pay a little more, if not I could go for a long time and not have the coin I am looking for.. As for pricing, I never expect to pay under retail, if I do then great if not well then. I see all these guys at the shows with the greysheet wanting to pay wholesale, if you want to pay wholesale then become a dealer and don't be a collector. Every market no matter what the product will demand a certain price, sure these are effected by many things but
no one can change that.
Regards Tony
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Moderator
United States
23531 Posts |
quote:
Originally posted by tonphil1960
If I buy a coin that I need for my collection and pay a fair price under retail I am happy. If I really need the coin and it's hard to locate I'll pay a little more, if not I could go for a long time and not have the coin I am looking for.. As for pricing, I never expect to pay under retail, if I do then great if not well then. I see all these guys at the shows with the greysheet wanting to pay wholesale, if you want to pay wholesale then become a dealer and don't be a collector. Every market no matter what the product will demand a certain price, sure these are effected by many things but
no one can change that.
Regards Tony
TONY
I just have one question.
What coins does one NEED for a collection.
I found that If I thought I needed a coin, I ALWAYS spent too much money.
However thare are many, many coins that I want,
learning this lesson, was the hardest lesson, I have learned so far as a collector.rggoodie
aka Richard
"catch em doing something right"
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Pillar Of The Community
3147 Posts |
Okay how about this? I just this week purchased a foreign coin (modern era) with a total striking of only 40 proofs! I purchased the coin strictly to sell in hopes of coming up with a little extra hobby money for some U.S. coins and currency I am currently seeking. The price I paid was only one tenth of book value and after contacting a collecting friend in Europe I have found the coin is worth more than my book states. Regardless of what it finally sells for would you consider this a good deal?
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Moderator
United States
23531 Posts |
quote:
Originally posted by crystalk64
Okay how about this? I just this week purchased a foreign coin (modern era) with a total striking of only 40 proofs! I purchased the coin strictly to sell in hopes of coming up with a little extra hobby money for some U.S. coins and currency I am currently seeking. The price I paid was only one tenth of book value and after contacting a collecting friend in Europe I have found the coin is worth more than my book states. Regardless of what it finally sells for would you consider this a good deal?
Yipeee for you sounds like a great deal to me rggoodie
aka Richard
"catch em doing something right"
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Rest in Peace
 United States
954 Posts |
We sure have some interesting perspectives on what is considered a "Deal". Since I asked the question, and had time to think on it, I better throw a opinion your way.
My idea of what a Dealis pretty simple. Anytime I find a coin and a price that I want and am willing to pay I got a deal. When both the dealer and I walk away happy.
catman
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Forum Mom
United States
5877 Posts |
To me, a "deal" is finding a coin that you love, setting a price in your mind that you are willing to pay, and finding it at less than that maximum amount. It doesn't have anything to do with market or retail value as far as I'm concerned. I see those values as guidelines anyway. It all comes down to: What is the coin worth to you?  |
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Valued Member
United States
382 Posts |
Let's not take the word ((need)) too literally, be "need" I mean want for my collection. I think if you are collecting a series like I am weather you use the word need or want, same thing. To complete the set you need certain coins, if not don't try to complete a set. I don't want to get into a long story of how I got my philosophy but here it is, if I want something, and can afford it, I buy it, that simple. I won't pay an insanely high price for anything, but some are high, some are low. what can you do? Sure I look for lower prices but if I can't find them well...... That's the way the mop flops.
Let not get into deep philisophical thought here, we are just collecting coins!! How do you like them apples.
Tony
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Forum Mom
United States
5877 Posts |
quote:
Originally posted by tonphil1960
Let not get into deep philisophical thought here, we are just collecting coins!! How do you like them apples.
[:0] Besides, philosophical discussions make for great conversation! If you think about it, there is definitely something that sets collectors aside from the rest. I'm still trying to figure out what it is in our personality that makes us collect - whether it be coins or any other collectible. There are plenty of people out there who don't collect anything! That is a concept that I have always found hard to understand because I have always collected something. Even during the years that I wasn't focusing on my coin collection, I was working on a collection of something. Right now, it's more numismatic reference books; partially because of the knowledge that can be gained - but sometimes I like to just look at them and hold them in my hands and reorganize them. That's when I realized it was also a collection. So there's your philosophical discussion  |
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Valued Member
United States
382 Posts |
I hear you Susan, I am a collector af many things too. I am an avid Military modeler, figure painter and history buff, when my builds are done they go into a collection. In addition to collecting coins I have just started to collect minerals too. You would be suprised at the amount of people involved in this! As for books, yes indeed. Many things to collect. I just hope that my kids take as good care of my things as I do. Tony |
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Forum Mom
United States
5877 Posts |
Something else I've noticed is that people who have the "collector bug" tend to take better care of things. That might be part of what sets collectors apart from packrats. Most collectors have some type of organization to their collection (whether it's one that other people understand or not). There is definitely a personality/character trait that sets collectors apart.
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Valued Member
United States
382 Posts |
Yes, and being borderline OCD and a perfectionist, I really go nuts with the stuff I have. LOL Tony ^_^ |
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Forum Mom
United States
5877 Posts |
quote:
Originally posted by tonphil1960
Yes, and being borderline OCD and a perfectionist, I really go nuts with the stuff I have. LOL
Tony ^_^
Funny you should mention that. That seems to be another shared trait.  |
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Replies: 21 / Views: 3,995 |
Posted 02/04/2005 07:24 am
