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Woods020
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Posts posted by Woods020
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I see a lot of people trading these serial numbers bills on the Facebook coin groups. Seems like they are like the “error” craze the others on the groups are trading back and forth. Sprinkle in an artificially toned coin here and there.
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A big problem in this hobby is peer pressure. I don’t necessarily think half of what is graded needs to be graded, and I don’t think we need CAC in most cases. However if you want to ever sell a coin, or compete in registry sets, you have to play the game. I participate in the registry kind of but not seriously. However I do like selling coins. The coin market is extremely quick to self impose additional constraints on itself. You won’t convince someone today a coin is strong for grade if it doesn’t have a green bean. If it isn’t cac’d it’s immediately seen as a lesser coin. And we do it to ourselves. But when the masses decide that’s what they want we have no choice but to suck it up or lose money.
- Alex in PA. and Coinbuf
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Yes I think Al’s answer is correct. They have silver proof sets, and then limited edition silver proof sets. I think, and don’t hold me to this, that the limited includes the ASE for the year and the regular doesn’t. But like you I don’t fool with much of that so I may be wrong.
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Well that’s your problem. I don’t think you will find a ton people wasted money on grading in lower grades. They aren’t expensive coins and it certainly doesn’t make sense to grade one in lower grades.
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On 5/18/2022 at 6:40 PM, Coinbuf said:
Does that mean that you are going to send your 50/50 coins to me to submit now.
Do you have some from CAC that make you scratch your head? I don’t claim to be a master grader by any means, but I do try and learn from each submission. Whether it be grading or CAC I try and give my own estimate before submitting and then comparing to see how I did. When I’m off I try to see why. With both I have a handful that just bug me. CAC bugs me the most it seems. Most of them I fully agree with, but a few I would pay them to walk through them with me and tell me why some didn’t sticker. Especially if I’m submitting multiples of the same coin/same grade and it’s very easy to compare side by side.
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On 5/12/2022 at 10:05 AM, Scott0949 said:Dear "Dorothy" I didn't want to write a book and tell you my entire financial situation and/or tell you all about my other investments. So if that makes me stupid, so be it. I also didn't want to bore others with the details. However, I will say this. I take 10% of my investment funds and put it into gold and silver. The rest is invested in other avenues, which I won't bore you with. I'd love to tell you how I really feel, but I refuse to stoop down to your level. But I do hope your comment made you feel like a big man. I would hate to see your inflated ego get bruised.
This is a sound strategy it seems to me. At 10% and a healthy portfolio you are doing things the right way. The 10% PMs won’t see the gains or losses of the other investments, but it’s hard to argue that having a small amount as part of a larger strategy is a bad idea.
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Yes no new memberships. And my last submission took over a month. Unlike the TPGs they usually have a 5 day turnaround. They are just swamped.
As coinbuf offered I can submit for you also, but I am being forced into changing my membership to a dealer. So no free tries at it for me.
- GoldFinger1969 and Coinbuf
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I think you need to venture out into artificially toned coins also Errorists. Those are also hot right now and a total waste of money to any collector that has the least bit of brain power. A very logical extension for you to consider collecting.
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As distracting and deep as the graffiti is this one will really take a hit in my opinion. If you get $1500 I think you did well. Just my opinion there is no Science to pricing damaged pieces.
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On 5/16/2022 at 3:35 PM, MarkFeld said:
I think they all surfaced in the same place/auction, not in various places.
Oh gotcha. They appeared at one auction where more than one dealer saw them as unique.
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On 5/16/2022 at 2:31 PM, MarkFeld said:
Don't hold me to it, but I think that they appeared in an auction without fanfare. And that more than one dealer quickly recognized them as something out of the ordinary.
That always adds to the mystery when they are found dispersed in the wild versus held by one estate. So this wasn’t a mint employee’s personal stash.
it is also odd to me that they were found in various places but they all graded a 65. That seems really odd.
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I’m late to the game, but back to the buffs. Where were these 5 found in the 80s? Who had them?
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Roger I’m sure you saw the recent article in coinweek on the Saudi Gold. Ironically I saw the first one in the wild for sale this week. Ugly critters but a neat story.
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I know a super nice dealer there, but he doesn't have a shop. He does coins shows. He is a retired teacher and one of the nicer guys I know that deals. But I don't think that would do you any good since he doesn't have a shop.
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Agree with CB on all fronts. If it was in a little better shape you would have something. As is I think it detail grades so not worth the cost of grading. There are plenty of people that would like to have it to fill an album.
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On 5/11/2022 at 7:08 PM, VKurtB said:
What was the lighting here? The whole coin looks “off”.
Yeah I was thinking the same thing. It almost looks like a vector versus a true coin. Something is over processed.
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I have to agree this one looks as if it is just exaggerated mechanical doubling. I’m far from an expert on the subject I fully and readily admit, but it shows none of the signs of a DD.
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I’m not aware of tell tale markers on a 26-s like the keys. Never heard of a counterfeit one. But it makes sense if you are a counterfeiter to find a better date worth your time but with less scrutiny potentially.
That S does look wrong by the way as everyone has said.
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I do worry about the US economy, but I just decided a while back to invest 25% in ex us markets. That’s always an option. The Asian markets are a popular choice. Sadly the global market will struggle to survive without the US as well. To me it’s more about maximizing the purchase potential of my money versus hedging against the end of days.
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I agree stacking precious metals isn’t the smartest way to hedge against a falling dollar, a lot of people do it. If stacking silver is your goal I would suggest finding silver with the lowest premium over spot. It best meets your need of being an emergency fund and it’s a better buy. Look for bars or generic rounds. Paying the premium for the other stuff defeats them purpose of stacking in my opinion.
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. Congrats on that one, very nice!
Silver stacking. Your opinions wanted.
in Newbie Coin Collecting Questions
Posted
Agreed. Some may say 10% is too high, but it could be debatable. I think his plan is pretty good. Heck the fact he has a plan puts him so far above the pack it’s sad. Personally I don’t do 10%, but I don’t think anyone can say he is foolish.