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Replies: 28 / Views: 3,440 |
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Pillar of the Community
United States
709 Posts |
For some, this question apparently is a bit of a 'sticky wicket'. For those of you unfamiliar with the term it is chiefly British. It means a situation requiring delicate treatment; an awkward situation. Why would this be a contentious issue? This I do not know. I suspect many at the dealer site would rather sell vams to you (at a premium price) rather than have you compete for the same vams on your own. I believe this can only be achieved by education.
My concerns for vamming is the steep learning curve required to be proficient enough to compete competently on your own. I believe what is needed among other things to help the hobby grow is a strong mentor program and if there are enough people local clubs. What do you think?
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Pillar of the Community
United States
3076 Posts |
For many who think the nations main dealers are schooled on VAM's, they are not.. If it were so...they so many new VAM's couldn't be discovered IMO.... And that's not to say they are not wise at the Cherry Pickers Guide and Top 100 and such..its just that there are so much to know it would take up vast amounts of there time when in fact dealing coins is a small percentage of there clientele.. They spend more time in the precious metals as that is where they will loose the most if they are not on top of the game..My friend who is a dealer lost $8 grand over night by not liquidating his stock when he had the chance, but was to busy.... some coin series and years like the 1880 overdates are known quite well...while others slip through the cracks because of the fine details one must remember, and it is overwhelming. Yet can be learned... Like many I have been in coins shops across the states and there are many nice coins to be found, and one must REMEMBER its not a get rich hobby...Its just that a hobby..sure some do make money but usually from those who need the coins to fill there sets and don't have the time to find them on there won... As to the question, how to improve the hobby, I would suggest to locate the local coin club in your own area...All denominations are collected but then again they all are appreciated and the sharing of knowledge I believe would be more than welcomed....the skills to find varieties can be used for all denominations. Again its a win win... its only a start but one often values what small treasures you already posses but didn't know you had.....
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Pillar of the Community
United States
5632 Posts |
OZ, I my self made the same suggestion, a simple step by step, pictures included, I like pictures, that explains the entire process, we have the "book" but a program like a mentoring system would IMO, be a very good idea. I would suggest people of knowledge, share their knowledge to have some sort of level playing field. I am also NOT a happy camper with the dealers in the equation, and their motives, or intentions W/E they are. I would suggest people in numbers with the knowledge to support standing alone would be a great first line of improvement, I would also suggest this site, being a premiere knowledge pool for all to engage in, have another level of schooling, or assistance with the topic at hand, "WE" could also place an attribution arena on this site for learning and understanding among our selves.Why can We not put up pages of known VAMS for ALL to refer to and build up our own book or guide to Vams. I will also add, another site is NOT as organized as it could be and IMO, is out of control with what is and what is NOT.The timing is ripe for a bold move, a move no one would of expected or believe could or would be done...... I know this might sound odd for an adult, but pictures are a tremendous aid in the learning process for me, something like our own "book" to refer to and help to guide and aid in learning this addicting, yet adventurous and exciting hobby.......A book that everyone who has a talent for w/e could join in and help put together and have as a tool to simplify the already confusing system, just my opinions.....  I would challenge ALL who lurk, post, or just wish to give some input, to join in to voice your opinions in this growing hobby we have come to know as the world of VAMS..........
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Pillar of the Community
United States
3076 Posts |
While I can agree with your Ideas and motives and more transparency as far as more pictures even for very common vams....I don't think this site ever felt the need to compete with the vamX site which already lists Vams.....I do think we could try some of the ideas you are suggesting, although the VAM area we are in now is designed for such a thing....I would add, I did wish more would use it, attributions assistance is seldom asked for, a few a week .....I agree that re-inventing the wheel is not necessary however it needs some maintenance....
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Bedrock of the Community
United States
14454 Posts |
in my opinion there is no way to have a step by step of each and every VAM. The database would be HUGE. I think what we are doing here and other forums will be what it takes to advance the hobby into the future. I think VAMWorld was a big step in the right direction also, it is allot more than has EVER been given for allot of other varieties. We all know one of our members has a site dedicated to Lincoln Cent varieties just as VW is dedicated to VAM's, I am just not sure what else can be asked as its allot more than others have. So all we have to do is help educate those who have questions the best we can
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Pillar of the Community
United States
1150 Posts |
I think there are some other 'side' issues that should be addressed first. Chief among these would be some dealers' attitudes towards VAMs and VAM collectors. I can't speak for everyone elses' experiences in this area, however I have noticed a very negative attitude among some dealers in regards to accommodating VAM enthusiasts. In particular I have two dealers close to my location (in the Puget Sound area of Washington) that I am speaking of. One dealer refers to his Morgans and VAMs as 'shi#.' The other says that VAMs are 'stupid.' Both tell me that they are bothered by VAM collectors who want to spend time examining there stock, picking out (or worse yet, not picking out anything) some VAMs to purchase and then wanting to pay sticker price rather than the value of the VAM that the collector may have just spent the time finding. I think this is the one instance where these dealers feel like THEY are being taken advantage of, rather than vice versa, and I believe they harbor some resentment towards the VAM collector or VAM collectors in general. So, I can certainly understand how a collector or new VAM enthusiast would have a hard time staying motivated when coming in contact with this type of attitude towards the hobby. Especially when coming from a dealer who the potential VAM collector admires or looks up to. This would be crushing rhetoric to a VAM collector or someone who is considering the VAM hobby. Second, how can we make attribution easier? When I first started I was under the impression that I could buy the encyclopedia, turn to the pages that pertain to my coins year and mint, and VIOLA! Instant attribution! Hardly. I believe that more works, like that of Alan Scott, that pertain to specific years and mints could only help make attribution easier. What if we could join all of those works together in a series of books with tons of high quality photographs? Even if the collector found that they didn't have a specific VAM or high value coin I think they would sleep easier at night at the very least knowing where their specific coin stands one way or the other. I'm sure that these thoughts and ideas have been kicked around before. I am interested in finding out where everyone else stands on these issues also. I think VAM clubs would be an excellent idea...or a society of VAM collectors. For the most part I feel that the VAM hobby is safe and secure, so for what its worth that is my Two Cents.
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Pillar of the Community
United States
3076 Posts |
We welcome your Input Mitch...I have recently moved fro Tacoma so I know what your talking about...some shops won't let you examine anything, just tell them your price range...there way of just selling you a coin....and not getting tricked , as if there are all these 1943 copper pennies and 55 doubled dies just floating around... The fact is very few big money vams are found in the bucket and the dealers in most part don't have a large quantity of buyers who are VAM interested....nor do they have the time to sequencialy attribute there entire collection to a VERY SMALL market....There are all denominations which have DIE "VARIETIES" but few who have the money to claim they have the elite collection when most are just happy to "PLUG" the whole in there album....... But this is not only a hobby for the vammer, but a learning experience which has generated such interest...SUCH AS/dealers interest...Big money for SOME COINS....yet most have few known and this game is played only by the elite who have the money to compete on a grand scale......IF you look at the money these people have,, they buy many coins each week from a few hundred to a few thousand every week of the highest grades........the average collector does not buy on this scale... AND THIS IS THE POINT.....Many will feel for who knows why..that there common coin is worth a fortune,, tonight I saw an PCGS 84-0 MS64 that was toned listed on ebay for $29,000 While there may be some rich person somewhere with no brains for true value but has the money to waist...these people are still looking for suckers...... Vamming is the learning experience of the process of the Morgan errors..Its ALL encompassing from the die making process to the coins minted... From the silver as it was pre-paired for the coining process, and the presses used and there function and deficiency's... Not as if its a DODGE AND WEAVE as we learn from those who would try to over market common crap.....one does not have to jump into VAMMING and believe its only a rich mans game or that your missing out and your coin is worth a fortune...... the value of coins in raw or graded condition is still a variable, while on ebay...a Raw coin in MS 63 will sell very close to a GRADED ms 63 coin...however to grade this coin by a TPG it costs almost as much as the coin.....AS Oz reminds us....to compete...its a very steep learning curve.....But I say to you if you don't compete it costs nothing to advance your learning by participating and researching yours and others coins.....ON a limited income? Just meaning you can't buy 10 coins to research a month there are many more that are posted and you can study and learn, and ask questions..............you can go to other sites and see the questions and answers of others posts.......The knowledge is here and there....but lurking and asking nothing no one learns...we learn by all of our questions and all of our answers....Its a seeking of knowledge we share in question and answer....
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Pillar of the Community
United States
1150 Posts |
I agree completely. I feel like I personally am far more educated now than I was only a month ago. However, it is a constant learning process and that is why I'm grateful for sites such as this and for guys like you who are willing to share and help others.
You are surely right when you said that the main dealers are not schooled in VAMs. It is my opinion that the dealers I know are just to lazy to take the time and put in the effort to really study them. And again, as you said, they make most of their money in bullion sales anyhow. Besides, they are both self-described 'grumpy old men.'
I guess I lean more towards Bryan's answer to Oz's question. CCF, along with VAMworld, is what really catapulted me into collecting VAMs. I remember the day I told my coin dealer that I was picking up the encyclopedia on VAMs. His reply was some disparaging remark about "...that big book." Obviously I cannot go to him with questions in regards to Morgan varieties so luckily I had this site to turn to for inspiration.
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Moderator
 United States
23522 Posts |
The solution starts and ends with information. I'm not going to jump into the jello pool of discussing how that information comes to be, or whether the originators of that information deserve compensation, but the information must be available. That means not written but visual cues for identifying VAMs. Preferably all of them.
The technology to create such information lies within the financial grasp of anyone who can afford one decent MS65 coin, and the technical skill is tecahable. An appropriate repository for such information already exists, although I dearly wish they'd get over the idea of a wiki and arrange a more suitable format.
The next generation of collectors is growing up acclimated to this format. They don't buy books; they don't read newspapers. Their information is gathered online, without ever leaving the house. If they're going to be mentored, it will happen in places like Coin Community, not at local coin clubs. I won't go so far as to predict the death of local coin clubs, but I won't call it a growth industry either.
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Bedrock of the Community
United States
14454 Posts |
there are allot of dealers that do not care about VAM's. They feel its not worth it to even look because there are so many Morgans that pass through their hands and if they spent the time on each one (that may not yield any more profit) they wouldn't have time to do anything else. Allot of the VAM's actually add no value to the coin at all because there are so many of them or the interest just isn't there so if they waist an hour on each coin trying to figure out what VAM it is and make no more money for it, they just wasted an hour they could have been doing something else that would give them a profit. That is usually why the people that are lucky enough to have these types of dealers around them they can make some good finds there, they can never go there for knowledge but can usually find some good VAM's in the mix they have there. Myself I have no dealers anywhere close by so most of my coin buying is on line, and its getting allot harder for me to find VAM's unattributed and when I do, there are usually others looking at the same one and the price is higher than I would have to pay if I had a B&M dealer somewhere close. I know these dealers are doing nothing to better the VAM hobby as far as spreading knowledge but still have their place for the collector looking for them. There are allot of people that run businesses that do not really care about the product they are selling, all they care about is selling the items and paying the bills and hopefully have enough for some left over to live on. I used to hang out with a kid whose father had the largest Chevrolet dealership in Gaston County but yet his father didn't know how to change a tire and didn't care to learn. His business was just a place of work, and when he was away from it he didn't want to even think about cars except for a way to get from point A to point B
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Moderator
 United States
23522 Posts |
I really don't see dealers, whatever type, as anything but a short-term impediment to the hobby. They don't exist without customers, and the market will eventually either drive them to serve VAMmers or drive them away. They face increasing pressure from online sales - heck, many of them are now doing the lion's share of their business online, and although I don't see coin shows disappearing any time soon, I *do* see brick/mortar coin shops steadily declining into the future.
The dealer of the future could end up being someone much like me - a dude sitting at a computer in his living room. You need inventory, knowledge, a decent camera and a license to do business. And the Internet. That's it.
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Pillar of the Community
3660 Posts |
Yeah,  what all of you guys said.
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Valued Member
United States
133 Posts |
The answer to this is not the method or the VAM picture repository we leave behind us and not the quantity but the quality of the students that pursue this hobby after us. That we can't control and I will clarify that by using the chicken and egg theory. The chicken being the nuturing heat source (be it human or disc space) and the egg being the student (but not all are chicken eggs). In my nuturing, I've been lucky enough to hatch a few Rhode Island Reds and a range chicken or two and even had a few eggs that refused to hatch. The one good thing that I'm proud of is that I never hatched out a bird of prey. So am I a good mentor or a bad mentor? Is it just me to blame for not doing more or enough, or do the quality of the eggs come into play? Now in the future, the egg plays a less critical roll. It's off to the dealer with our little handy dandy Morgan laptop that we can scan a coin with. Hit a button and presto, we have a VAM number, another button and we know whether to buy it or not and whether we made a good deal and how rich we are about to become. The last screen comes up with a smiley face and tells you you are the best vammer around, BUT ARE YOU REALLY? What do you know about the coin, the minting process or the VAM number, date, time and quantity of the first ones struck? Are you a Rhode Island Red or a bird of prey?
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Bedrock of the Community
United States
14454 Posts |
Quote: The dealer of the future could end up being someone much like me Lord I hope not  In the thing about the dealer I was talking about was all the stories I remember hearing from allot of the people that has been doing this allot longer than I have and them telling the stories about them sitting on a stool at the counter and talking coins with the dealer for hours just picking the dealers brain and learning from him in the process. Even that dealer taking those younger than him under his wing that seemed to be interested in coins of all types and teaching them all he knows freely. Most of the dealers I have talked to said they could care less about VAM's (the one guy I got the VAM-85 from was one of them) because they don't think it is profitable enough to mess with. If their customer gets a good deal on a good VAM and they made more than they paid, then hopefully that person will keep coming back and he made a profit with as little effort as possible
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Pillar of the Community
3660 Posts |
Exactly Smitty, given the materialistic nature of the generation-X-er versus altruistic views of those who remember the 'back in the day', would you necessarily be mentoring a future hobbyist, or just another gold digger?
The days of viewing the Morgan for its beauty are being replaced by days of viewing it for its monetary potential, and that is an evolutionary event, when the prey population recedes, so will the numbers of predator.....That is what I see as being inevitable.
The gen-x student may be devious in the acceptance of mentoring, or may unknowingly change intent when the subject of money comes up.... A student will only learn what is accepted, and ignore that which is boring.... lower your expectations of what is really possible.... the gen-x student differs from you (genetically and generationaly).... The mentoring of the dealer is naturally more appealing than the bright eyed words of the decaying collector.
edited to add:
My point is simply this:
I believe that Oz wants to see an appreciation for these coins being mentored..... Easier said than done when considering an inherent unwillingness to do anything more than study dollar signs, especially in tough economic times.... denounce the lists of what is worth collecting first, secondly shed light on the intentional deceit of these rarity factors.... then there might be hope for this.... until the mentor fixes the lesson program, only future short term dealers will be spawned.
Edited by zeewool 12/27/2010 4:53 pm
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Pillar of the Community
United States
2669 Posts |
I like the egg analogy - but the thing is, that no matter how that egg turns out (Range, Red, or RefuseToHatch) - you try your best with every single one. It's not up to the chicken how that egg behaves in the end or how it uses its life for good or evil. Just as parents can try their darndest to raise an honest, hard working, respectful child; in the end that child will choose its own path and will also choose whether to put its life lessons into play or go down an entirely different path. There will always be ones that the passion takes root in and those who couldn't care less about the how's, why's, and wherefore's.. only the dolla'$ (and even ones that don't want to have anything to do with ANY of it). With the right mentors, all manner of things are possible. (Of course, these right mentors need all the right information). And Dave the Dude sitting in front of his computer madly selling coins over the internet will simply be a morph of the original B&M store - now there are not 8 pairs of eyeballs on a coin, there are 800, or even 8000. The VAM-knowledgable ones at the other end of the digital line will eventually tip off the rest: why did that coin go for $2K? What's so special about it? Inquiring minds will want to know. Eventually, like it or not, the dealer is going to have to get involved and learn something or avoid *buying* anything designated as a VAM altogether. If it affects the bottom line, they'll be all over it. Of course, that could all be a pipe dream, and the VAM community could be forever stuck in cave-dwelling days where we hide out in dank basements and whisper the known Hot Top 50 100 PUP's to ourselves lest we forget. But.. I just don't see it happening that way.
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Replies: 28 / Views: 3,440 |
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