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Diamondslayer
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Everything posted by Diamondslayer
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I like the price I paid, and the coin, but I was wondering how reliable and trust worthy internet bidding can be knowing that everything can be hacked? I don't think the auction house is evil, but someone in their community could look and/or hack the prices and manipulate the bidding. I guess I am wondering how much people trust technology. BTW, I am not a hacker. I barely know enough to join a chat community...lol. So another question is, should I skip proxies and bid during the live event?
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I was wondering what y’all thought of putting proxies on bids? Do you think proxies can be manipulated? Do you trust internet or even live bidding proxies? Me and my paranoid mind I have issues with trust…lol. I bid on a coin and my proxy won the auction, but another coin almost like mine went for less. Dum, da da da, dumb, right?
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Diamonds are subjective. That is why they use an odd number of graders to come up with an average of all of their opinions. When it comes to diamonds reports, yes they add expense to the diamond, but it helps the jeweler show his unbias in any diamond sale. Most diamonds are graded, and if it is not then I would ask for it to be graded before I buy (especially a pretty diamond...lol). When GIA and AGS came out with reports, there were jewelers who resisted. But now almost any reputable jeweler puts a report on their diamond. If I sell a diamond without a report, it is because it is frozen spit and it would add to much expense to the cheap diamond. I always let the client know what they are purchasing though. Now, the consumer expects reports. The nature of the business has changed, but for the better. With that said though, there is still a level of fraud. Just like any business...or life. As far as coins, Idk. That is why I am here.
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I pulled the trigger yesterday. I just wanted to know what y’all thought. I have been keeping an eye on the futures too. Fundamental analysis says that we are on our way to a major recession. Technical analysis says that we have enough room to break out from here. That is my opinion. This is coming from my outlook on the five year weekly chart and the year daily chart. This is just my opinion and in no way should be taken as investment advice. I am usually wrong, but that is the reason I trade options. This gives me the ability to mitigate loss or turn them into winners with adjustments to my trade. Again, this is not investment advice. Have I done something wrong? I am not able to ask anymore questions in the newbie section. I have the best account. Please keep me posted!
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No one told me that there were 1500 or less. I knew that there were only a few hundred graded coins, but I thought it was 1500. Before I looked at the PCGS and NGC graded coins and made the post I thought that graded coins were 1500. (Me and my quick math…whoops) But I was close, and I DID know that they were graded. I know that there are numismatics that don’t believe in grading coins and that there are way more coins out in this world. But they are still pretty rare in my opinion. Especially a graded AU53. I like graded coins because it Is an opinion by a professional. Kinda like a diamond report. Peace of mind and freedom from risk helps the consumer make a decision. That is the reason I need y’all’s opinions too. But don’t forget, I’m a newbie and I maybe wrong. That is why this post is in the newbie section.
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I do. I want rare coins, and knowing that there are under 1500 of these coins known gets me excited for their future invstment. Plus a real weird fact I like is that this was Lincoln's inaugural year. I would love to have a ship wrecked coin, but funds are tight right now. I hope no more ships are found in the meantime with these 1860-s coins. lol. But, I will keep working hard to build my collection.