Tyrock

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  • Occupation
    Retired state employee and former teacher
  • Hobbies
    Coins, history, archery
  • Location
    Rhode Island

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  1. Point taken, but a coin sells at some point for a price in the marketplace. And everyone knows that there's a wholesale price for a coin and a retail price. I have an old Greysheet from 2020 and the bid price for an MS-66 1880 S Morgan Dollar is $180.00. I also have the latest CPG Coin and Currency Market Review. The retail for that coin in the latest issue is $332.00. If I'm selling that coin I'm not likely to ask $180.00 for it. Granted, the Greysheet is from March 2020 and the current bid would be different. I'm just curious if anyone agrees with the dealer that bid is the new retail. I personally find that hard to agree with, but I'm sure that some coins do sell at bid.
  2. Visited a well established, long time coin dealer today and he had an interesting opinion. He said that the CDN bid price is now the retail price of a coin. Not being a dealer, I always knew it as the wholesale price of a coin. Do you agree that the CDN bid is now the retail price of a coin in this changing market?
  3. I've been collecting before PCGS and NGC came along. I had just started collecting when ANACS started grading coins with photo certs. There were problems then and there are problems now. If a collector thinks that TPGs solved all our problems, then they are in for a world of hurt. You can't just look at the # on a slab and take that grading # as gospel, you have to assess the coin for strike, luster and eye appeal. During my collecting career I've never seen any interest in coins by the people in my life. Yes, I know dealers say that young people are using the internet to collect. True or just a self serving statement? I enjoy the hobby because I read and study numismatics. In fact I'm very much looking forward to seeing the Pogue Sultan of Muscat 1804 Dollar sell today. I've got Bower's book on the Pogue collection and I even own a late date Pogue $5.00 note. A collector still needs to be educated. Times have changed, but some of the problems with coins haven't.
  4. Good points being made. The fact remains that buying from the mint can at times be a very difficult situation. I'd prefer to see having a coin in your cart mean that you can actually buy it.
  5. Amazing. Watched the Sotheby's auction and the coin sold for $18,872,250.00. The auction started at 10:00 AM in New York and was over in about 10 minutes. The inverted Jenny plate block sold for $4,860,000.00 and the 1856 British Guiana Magenta sold for $8,307,000.00. Truly amazing and the Sotheby's website has an excellent history of the coin. By the way, I had originally said that the coin sold for $19,509,750.00 as that is the figure Sotheby's gave. Now they have changed it to the lower figure. Anyone know what's going on with Sotheby's conflicting prices?
  6. Now that CAC is listing an "independent market value guide" on their website listing the current prices of all CAC stickered coins, why would anyone bother to subscribe to the CDN publication?
  7. I just bought the 2021 W Proof Eagle with the type 1 reverse. I wanted to have it as I like the original Heraldic Eagle reverse better that the new type 2 reverse coming out later this year. I bought it just after 12 PM EST and it's already sold out. That was fast. It was $73.00, but I wanted the last edition of that coin. The US Mint is a blessing and a curse to the coin hobby. Far too many coins coming out in the commemorative coin program and prices have been raised way too high.
  8. Interesting day yesterday. Saw a notice from CDN that a coin show was being held yesterday at the Holiday Inn in Dedham, MA. Our state here in RI is under a "2 week pause" where certain businesses have been shut down so we took a ride to the show to get out of the house. On the way we stopped at a Dunkin Donuts in Canton, MA and the clerk handed my wife the change. I told her to make sure to check the quarters and she found our first W mintmark quarter since we started looking over a year ago. It's a Salt River Bay ATB quarter. Then we got to the show between 12 and 1 PM and there were only about six dealers there and half of them were stamp dealers. Most were getting ready to leave. One poor stamp dealer went there all the way from NJ. My first coin show in months and the experience was surreal as it was a ghost town. A dealer told me that they expected @ 300 people and only about a dozen showed up.
  9. Barbara Gregory, the former editor-in chief of The Numismatist, retired from her long time position at the ANA earlier this year. In the September 29th issue of Numismatic News she wrote a viewpoint critical of the ANA. She wrote "I fear a few elected officials and appointees have used the current COVID-19 pandemic as a convenient excuse to essentially cripple and dismantle the Association, with utter disregard for its legacy of education and guidance." Those are very strong words from Ms. Gregory. The little I know is that the new ANA president said that the ANA's finances are in very bad shape and I believe he also made a controversial statement that the ANA's Board of Governors should not be elected from the general membership. Anyone know why Ms. Gregory would make her statement?
  10. Interesting outcome to be sure. These are tremendous coins, but have a very limited market given the nature of their values. Great "box of three" coins to own though.
  11. No, it's not okay. Once a coin is taken out of a holder, then that cert # should not be used again. Simple as that.
  12. Wade Boughton, a well known and respected RI coin dealer, passed away unexpectedly on March 15, 2020. Wade was a very knowledgeable and fair coin and currency dealer who was well known throughout New England. He was a native of NY and would also attend the Albany show. Wade was also president of the Newport County Coin Club. He will be missed.
  13. Dave Bowers said that the Garrett collection was the most important collection of the 19th century. What would you say the most important collection of the 20th century was? By the way, I have his book on the Garrett collection and I just bought his book on the Pogue collection in which he highlights the 100 most important coins of the that outstanding collection.
  14. Last night, at my local club meeting, I had a chance to buy an 1835 Classic Head half cent graded NGC 55. I decided not to buy it as it had a rotated reverse and I don't care for coins with a rotated reverse. I'm aware that some collectors like them especially if they are rotated at least 45 degrees or more. What would you say is the average collector opinion on coins with rotated reverses?