audrop's Journal

A journal by audrop

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Entries in this journal

Rare Coin University

Get your degree today! I don't normally plug a website in my journal entries but this is a real winner. Austin Rare Coins has a Rare Coin University that I believe will help anyone collecting coins to be more focused, know what to buy and when, and allow all of us to put our limited resources to our best use. This is not a plug to buy their coins, but I've found the info to be invaluable. I wish I'd read this before I started collecting/investing. I certainly hope this passes the test of
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Economics 101

Collecting vs. Investing In my humble opinion the main difference between collecting and investing is that a collector collects whatever pleases HIM/HER, whereas an investor collects whatever will please THEM (other people). Investors tend to be a bit harder to satisfy and a bit more picky perhaps because they are trying to predict the value of a particular coin in the future (near term or distant). Investors will primarily stay with the tried and true; Morgan S$, Walking Liberty halves, '
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What I wish the Mint would do!

Enough quarters to choke a horse. I wish someone would give serious thought to putting the National Parks on the obverse/reverse of the half with Theodore 'Teddy' Roosevelt on the other side. The larger size would allow for a bigger picture or even multiple pictures of the NPs and would finally get 'Teddy' on a coin where he belongs. His is the only 'mug' on Mt. Rushmore not to grace a circulating coin. Teddy was responsible for establishing our first NP at Yellowstone and was probably the
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Trying to Keep the Right Perspective

From the mouths of babes........ It think it might be time for all of us to take a deep breath and reflect on 1) why we got involved in coin collecting 2) why we show off our collections to our peers and more specifically, 3) why we share our thoughts with others by making journal entries. The teaser refers to a journal entry by Noah Pardee, who just happens to be 9 years old and had to ask his father if he could join the registry and write a journal entry. Imagine his excitement as the whole
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Buying Points

Is price per point an indication of future value? I recently acquired two coins; an 1893-CC Morgan dollar and a 2006-P Colorado state quarter. Comparing the two is a little like apples and oranges but I find the point values assigned by NGC to be skewed to the advantage of the modern coins. Coin Price Points $/Point 1893-CC $5,100 2,786 $1.83 2006-P $30 620 $.048 As you can see, if your focus is to amas
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Turn Around Times

Surely you must be kidding! As collectors we want our newly purchased coins in hand right now...we are an impatient lot. After careful consideration and reflection I hope NGC will ignore this latest round of complaints and just continue doing their job of accurately grading my coins. I think all would agree that having a fast turn-around time is not in the best interest of collectors. There are other TPG companies out there if you want your coins back in a day or two. Frankly, I take comfo
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GSA Morgans

Original packaging please! In response to Bully's musings, I would like to add my silver dollar. I prefer my CC Morgans in the original GSA package for the sake of authenticity and their historical value. I refuse to buy PCGS graded GSAs simply because they break them out of their original package. I have requested that NGC make a plastic storage box, much like their multi-holder box, that would hold 10 or better yet 11 (so an entire set would fit in 1 box) GSA original slabs, so far to no
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Misunderstood

Let me try to set the record straight.. After reading some of the journal entries in response to my 'Points, points, may I make a point?' I had to go back and read my journal entry again. No where in my entry could I find where I was discrediting a set with only one coin (every set starts with one coin!) I copied and than pasted my original entry into this journal so it would be word for word. My points: 1) No matter how many sets a particular coin is in you only get credit for the poi
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Points, points, may I make a point?

No double-dipping No matter how many sets a particular coin is in you only get credit for the points once. It would be nice, in my opinion, if collectors would only start sets on the registry that they are or have been in the process of trying to complete. When I look at other collectors registry pages and find that they have numerous 'sets' with one or two coins and the same coins in a dozen sets it seems to me to be redundant. I appreciate NGC allowing me to register my PCGS coins in its
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The Road of Life

You don't have to join the Marines to build character. Just want to add my words of encouragement to what jayh749 said. We all have our 'crosses' to bear and the biggest rainbows follow the biggest storms. Two sayings I remember well during my trials and tribulations. Look on the bright side, you really made a difference in the lives of those young basketball players. You are a true hero!! If you hadn't coached them who would have? All in all, it could have been worse: your wife might h
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What's all the hub bub, Bub?

I guess I misunderstood the term 'empty-nesters'! What's the big deal? I keep reading the horror stories from my compatriots here in the Collectors Society about hoping that their significant others don't find out about their addiction and its expense. As Alfred E. Newman used to say 'what me worry?' My take is: 1) you only live once, 2) Uncle Sam won't let us starve, and 3) who needs a house anyway? My wife is a nest-builder with the best of them and I admit it is nice to have a place for
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Decisions, decisions, and more decisions.

More time than money...guess it could be worse! For those of you who have checked my registry you know that I am really into geneology (family history). I am trying to complete mint sets for my ancestors, those I knew and those who had left this life before I arrived. It is astounding to me how I can hold a coin from lets say 1898 and visions of my maternal grandfather pop into my head with so many fond memories. This is why I collect coins, (obviously I am not much of an investor), I value
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Condolences to jayh749

Now you know what they mean by 'join the club'. When I first started on my epic journey of coin collecting, I thought all you had to do was invest a few hard-earned dollars and buy a nice looking coin in a slab, or if raw, send it into a grading company and wait for your 'prize' to be returned. It seems to me, after reading numerous journal entries, that all of us have experienced the same excitement (of buying a great looking coin), the same exhiliration (of submitting said coin for grading
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Did rfar go too far?

Is something amiss? Just wanted you to know, rfar, that I wrote to NGC expressing my displeasure with their removing your journal entries describing your 'experience' with a well-known auction house. How are we ever going to make this hobby more 'user friendly' if we are not allowed to make people aware of dealers, auction houses, and others who do not cater to us, the collectors, who keep them all in business? I enjoyed rfar's journal entries and appreciated the 'heads-up'. Rest assured I w
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