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Numismatic, A.A.S.

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Journal Comments posted by Numismatic, A.A.S.

    Mokiechan

    Posted

    On 3/17/2019 at 8:54 PM, Mohawk said:

    We really didn't need the 2011, 2012 or the 2013 sets at all.

    This was the subject of debate (one subject of several) at the PCGS Luncheon last year and I heard a dealer support the fact that the first strike and multiple eagles were the big ones for the future. I have to laugh now, look at those years I quoted you on...we didn't need them and the marketing/thinking behind them...maybe a large scale dealer flipper needs it...example, one coin in the set first strike sold before even released at 399.99...today's value, can be bought for....24.99...certain market makers are responsible for the demise in youth, new collectors woes, concerns and fears....can't blame them.......peace

    Mokiechan

    Posted

    On 3/15/2019 at 12:31 AM, Mohawk said:

    just think some of this stuff from the US Mint is so easily seen through for what it is.......a blatant, unapologetic cash grab.  And to make i

    I noticed over many years the most expensive items they sell can also appreciate the most...the unadvertised major drama experiences like regular large precious metals and or gold sets, platinum sets....of course, these are always costing more but when you look at resale, it's like a proof set in hundreds of thousands or millions, vs. Gold, even silver, sells faster and less issues...JMHO...I get discouraged at the U.S. Mint also...they are for profit...Jordan's book explains a fact...initial rise, hyperbolic, leveling then drop and steady....about 4 years later you can buy for below what the mint issued price was....all in the loser bin?

    Mokiechan

    Posted

     Reproduction or Art or whatever you want to call it. Responsible buying let's consider. 

    1.  Art has no price boundaries, enjoy friend.

    2. Purity/Troy/Currency has calculations.

    I love coins enough to get exciting about pretty much all of it but see a financial limitation to everything also. I do not collect Dan Carr Moonlight Mint Art. Specialty area, and remember, the Specialists here know exactly what they are worth. Is there a ceiling to his art creations? I'd imagine. He is more talented at creating medals than I. He lives in a beautiful part of the country. I have never met him. He chimed in on the PCGS Forum one time about heating of metals and stuff...pretty knowledgeable guy. 

    Personally, I'd be in Federal or Foreign Issued. That's just me. Some can make a living enjoying what they create, I'm sure he does. 

    Remember, more Drama one can hype about a 1964 peace replica whatever it is...the more they can sell....Posts like this fuel the curious mind....I would hold on to your Cash,Check, however you pay...tightly.....JMO...

    moondoggy

    Posted

    Great Collections....they are not draining the money from collectors on the buy and sell....Great People, the Big ones like Stacks, they thought they ruled the coin World...Stacks forgot about the true collectors and cater to the extremely wealthy....we'll, see what happens...even though I have an account and credit with them...they turned me off during Pouge auctions..spelling? Arrogance at other ones also...Ian at GC is down to Earth and treats everyone with respect. Any budget. Period.

    Revenant

    Posted

    I reminisced when they started these..and your correct that it was to keep the music playing after Rep. Castle and the Statehood Quarter thing was winding down...I remember when the Missing Edge Lettering was found and the price on the few known skyrocketed, then rumor spread about someone with an entire Mint Bag of them in Florida...

    Many (from a lot of sources I figure) started hitting the market and the price came down from $700-$900 to about $100...the hype wearing off also...then the 2nd coin came out and the Missing Edge Letters was supposed to be rarer on those, Adams I think...but then more were found..etc...I too felt like only the 69's were feasible and my reason was with so many I figured even 70's would be common and the difference in looks wouldn't be much from perfection anyway...I think the position you took on them was a WISE one also, based on past performance.

    I hear ya on the Dad Project, it seems too common for me to have a collection of them, maybe for a school teacher or a Teacher of Numismatics with younger kids in his/her classes...I suppose if I found one that was a Major Error I might be in to it, but the only year I do have of Errors and Extremely High grade is the 2015's but only because it's my Kids Birth Year and I am currently in the process of doing some cool unique set building based off that year...

    Revenant

    Posted

    Understood Revenant, I've seen collector's start a series with buying the more common cheaper coins, usually in higher grade, then start to dwindle down as they get tougher dates and never buy the keys or wait till the last holes to fill are the keys and settle for lower grades if complete them at all. A look on eBay or even most auctions will show how many keys and semi-keys are missing from sets and folders. In my experience, the earlier I conditioned myself to start with keys first in a set and use patience the better my end result (when I was collecting by sets/series). That said, it was easy to get side tracked by other coin projects...you see an opportunity with another coin or series and I can't pass it up and in the meantime I'm waiting for an opportunity in the current series that isn't coming so I branch out. Sometimes then with funds applied, shortly there after the coin I was waiting for comes up and I've lost the financial upper hand. Left with several unfinished sets, etc...it takes a lot of commitment and FOCUS..all while life is happening at the same time. Been there in the past and know the feeling, that's why your post/journal entry hit home with me so much....peace

    Revenant

    Posted

    I feel for you and understand your situation. I pray things will turn around and your Wife and Children will be just fine. On the coin side...THERE'S NOTHING WRONG WITH HALF OR UNCOMPLETED SETS. I SALUTE YOU!! In your attempt to capture your goals and stride forward like an English Commander on the Numismatic Battlefield...You Sir definitely are putting your Loved ones First and that is HONORABLE, IMHO...I remember those coins and wanted some but never got any, they are important and cool!! Thanks for Sharing and I'm on your side of field....(going to play that Counting Crows Song about "I belong in the service of the Queen" for you...peace

    Revenant

    Posted

    I can relate to your feelings...as a coin collector I wanted my Daughter's Birth Year to be Amazing and Special with regards to Numismatics...I have purchased a massive amount of errors and Die Varieties and snagged everything from the U.S. Mint I could...I've really put together one hell of a collection for her birth year and in a way kinda justified my purchases in this Endeavor...I'm in thousands upon thousands of Dollars with it and it literally has become one of my greatest achievements..just in Nebraska quarter varieties I'm 140 ish different ones now...just the Precious Metal Coins alone was insanity on the cost alone...it is a great, unselfish thing your doing...I commend you and Salute!!

    Revenant

    Posted

    I think it boils down to this...do you want the higher registry points and a better looking coin? 

    Or do you want a possible sweet set up for sale down the road...those old fatty's will show consistency in your collection and inspire someone to think about regrades or the history of them together? 

    I personally would look down the road on this one...remember, there are alot of raw foreign coins not holdered with collectors retiring everyday...not saying your coin type isn't rare or anything, I would just think long term...or as stated above go for the Highest if you must...I understand your predicament... p.s. alot of people would love to be in your situation...

    coin928

    Posted

    The following was copied and pasted from your NGC info, from link in your Post....5C 1917 ECUADOR STRUCK ON 2 1/2 CENTAVO PLANCHET (2.5g) KM-60.2/KM-61

    wow! That is a very cool error to me, interesting and I never knew that existed...I will check my collection on that but I am pretty sure I do not hold that error....Learning as we go.....Take Care....P.S. you can see on the coin where something was wrong, definitely on the wrong planchet...How did you come across that, I'm just curious? Sometimes the story that goes along with it can be just as interesting, even if it was just a quick purchase or a Long drawn out and finally came across it situation? 

    coin928

    Posted

    I have always enjoyed reading what little material is out there on the subject of U.S. Mint Coins struck for other countries...That said, I enjoyed reading your informative post and I salute you on achievement!!! A Grand progress and very interesting....Eleven Ecuadorian Coins...looks like we were striking them Early on (Late 1800's) I will look into that more and view more of what you have....Once again Thank You for Sharing, I am impressed....Cool answers to those questions you posted....Good Luck and Congrats!!! SALUTE!!!

    JTO

    Posted

    I still prefer NGC, many including myself could kind of see some things on the way at PCGS and with all the recent changes it's a very good discussion on this...and I decided a long time ago to stay with NGC, PCGS started loosening up a high ranking person over there had a Family Member which did over Millions in submissions....??? Many now wonder what those graded...and for who/what purpose...? Yes, Keep up the good work NGC!!