Woods020

I finally had a chance to send Joe another group of coins for imaging. I am very happy with the results. 

I was referring to reputable sources. Imperial or Rarcoa both sell rolls that are legit. 

If going for closest to spot as possible circulated gets you much closer. It makes a big difference 

Being on the other side of the table is a real eyopening experience for sure @Woods020, I sort of cringed when I read the post by Chris Mikesh.   I do understand and remember when I was new to the hobby and how I thought coins were "rare", after some guidance from a good dealer, long exposure to the hobby, and trips to a large show really showed me just how much I really did not know and just how not rare most coins are not.   Even low mintage coins are seldom truly rare, just tougher to locate (nice) and more expensive to buy.

Recon the TPGs would give it the RD designation. 

JP this reminds me of a funny story. A coworker at my previous job grew up in Augusta Georgia until she was 13 until father was relocated to the Boston area for work. She was picked on in school for her southern drawl, so they put her in speech therapy to get rid of it. Fast forward now and she is roughly 50 with the thickest Boston accent You can imagine. From one extreme to the other. From my world to yours hahaha

Come down here to the south. We can make bullion into atleast 6 or 8 syllables. 

Throw in a credit card payment you didn’t account for in some way and the dealer has a bad day. I learned quickly I don’t care to fool with common gold. Not worth it. Let the big bullion dealers have it. 

As I’ve started dealing I have learned so much, which was my intent. 
Firstly things aren’t as rare as we think in most cases. Using CC Morgans as a reference I have 3 wholesalers I can order rolls of them from. The scarcer dates may only be singles. I can buy most by the roll in the grade specified from BU down to VF. There is a looot of raw material out there in bulk. Same with GSA Morgans. I can buy them wholesale in bulk by the by the hundreds from multiple places. 
 
Second as already mentioned many have no interest in a slabbed coin. They may break it out or it never goes to grading. Most collections that come from a long time older collector have a large amount raw if not all. We have to remember that even though TPGs are the norm today they are a relatively recent phenomenon. 
 
Lastly as a result I am now acutely aware of population reports. I feel, particularly for common coins like Morgans, mercs, etc., that there is a lot of disappointment to come. Maybe not a bunch of top pops to be found, but I do believe a lot of gems are not included. I think we have totally become dependent on data from TPGs, which I’m not knocking I appreciate, but we forget it’s limitations sometimes. 

JP this reminds me of a funny story. A coworker at my previous job grew up in Augusta Georgia until she was 13 until father was relocated to the Boston area for work. She was picked on in school for her southern drawl, so they put her in speech therapy to get rid of it. Fast forward now and she is roughly 50 with the thickest Boston accent You can imagine. From one extreme to the other. From my world to yours hahaha

Yep. Most places don't take plastic for bullion. What's most hilarious is when people pronounce it like "bouillon," which is a soup component. It was all I could do not to say "grocery store is down the road a little ways."

When I worked at the coin shop, the people we hated above all were the gold buyers and sellers. The buyers, who were there to spend Biiiiig Money, expected their derrieres to be smooched Real Hard because we were going to be making Big Money on them (we were such vampires, you know, preying on the poor metal hoarder), and often went insane when we charged them about $20 above melt per ounce (as if we were somehow breaking the law). The sellers were even worse. Bringing gold, they expected us to kiss up to them; they were shocked to find that we didn't quite pay melt, and that we weren't even very excited about any of it. And in the meantime, they kept throwing out conversational leads inviting us to endorse their world views.
To anyone who thought it through, of course, the reason would be obvious. Let's see: how about we tie up thousands of dollars of capital in something tethered to a metric we cannot control, on which we will probably lose money anyway because of when people buy and sell it, and when even at flat pricing our margin is about 5% or less, and where buyers and sellers are unbearable. Yeah, let's go deep on that. We could have spent that money on world coins and gotten far better margin; ditto for old currency, even US coins.

Play up that gold is trending down. Dealers work off tiny tiny margins on common gold. They may make $100 on a $2000 investment. Their biggest fears are both holding it very long and the money being tied up or gold going down and them holding the bag. They only do ok on common gold turning and burning it quick and often. 
 
if they don’t take it let me know. I can probably get you some for the $2250 price. 

MD is very common. When Im roll hunting quarters,  I can look at 10 to 15 and 3 or 4 of them will have MD. Some quite dramatic. Looks neat sometimes but still worthless machine doubling. I finally ened up learning what a true ddo is. Out of the thousands of coins I looked through I only found 2 true ddo's. Found a barrel full of MD's. They are just to common to be of interest. 

As a disclaimer to any newbies that do use this thread, and I hope there are many, the above was a joke. Read the reference here for the theft of this $5.8 million dollar hunk of gold. It just hit me a newbie thread isn’t the best place for a joke 😂
https://www.macleans.ca/economy/money-economy/the-saga-of-canadas-stolen-million-dollar-coin/amp/

I am a beginner gold collector, and just picked up my first gold coin. I can’t say where I purchased it and quite honestly my German is pathetic so I only got part of it. How would you suggest I store it? I can’t find a flip or air-tite case to fit. Do you think NGC would slab this one? What do you think the grade is? Do you think NGC would rat me out, or are they cool with coins like this??

Doubtful in today’s market. This isn’t the market to find deals. Gold is especially on fire right now. I seriously doubt you beat that for a mint state slabbed double Eagle by much. Nothing is impossible but it will be quite the challenge to get it at $2250 even. 

I am a beginner gold collector, and just picked up my first gold coin. I can’t say where I purchased it and quite honestly my German is pathetic so I only got part of it. How would you suggest I store it? I can’t find a flip or air-tite case to fit. Do you think NGC would slab this one? What do you think the grade is? Do you think NGC would rat me out, or are they cool with coins like this??

Early Gold is usually one of the few areas NGC excels. Prices are usually good there on NGC. But there is a clear discrepancy in many series. No denying that. 

$2300 would be a fair and accurate price for each of these coins. As far as which one as you said neither is a hard date. The 1904 Liberty head is slightly scarcer, but a grade down. I say it’s a wash it’s whichever one you like more. Money is about the same on both. Heck buy both and start a gold type set. 

$2300 would be a fair and accurate price for each of these coins. As far as which one as you said neither is a hard date. The 1904 Liberty head is slightly scarcer, but a grade down. I say it’s a wash it’s whichever one you like more. Money is about the same on both. Heck buy both and start a gold type set. 

I am a beginner gold collector, and just picked up my first gold coin. I can’t say where I purchased it and quite honestly my German is pathetic so I only got part of it. How would you suggest I store it? I can’t find a flip or air-tite case to fit. Do you think NGC would slab this one? What do you think the grade is? Do you think NGC would rat me out, or are they cool with coins like this??

As a disclaimer to any newbies that do use this thread, and I hope there are many, the above was a joke. Read the reference here for the theft of this $5.8 million dollar hunk of gold. It just hit me a newbie thread isn’t the best place for a joke 😂
https://www.macleans.ca/economy/money-economy/the-saga-of-canadas-stolen-million-dollar-coin/amp/

I am a beginner gold collector, and just picked up my first gold coin. I can’t say where I purchased it and quite honestly my German is pathetic so I only got part of it. How would you suggest I store it? I can’t find a flip or air-tite case to fit. Do you think NGC would slab this one? What do you think the grade is? Do you think NGC would rat me out, or are they cool with coins like this??