• When you click on links to various merchants on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network.

Revenant

Member: Seasoned Veteran
 View Profile  See their activity

  • Posts

    3,604

  • Joined

  • Last visited

  • Days Won

    15

 Content Type 

Journal Comments posted by Revenant

    Alcon1982

    Posted

    20 minutes ago, Alcon1982 said:

    Ps Google no quiero que piensen que estoy exagerando pero 3gente con mas experiencia en esto concuerdan con el presio y por mi situation. Tambien tengo de 1956 D one cents con la parte de atras de trigo so 

    A 1956 D Wheat penny is one of the single most common wheat cents out there. It would have to be a Superb Gem BU (MS67+) RED to be worth anything major. 

    Lastufka Collection

    Posted · Edited by Revenant

    40 minutes ago, deposito said:

    Just because they are offering them on Ebay for that amount, does that mean people are paying that reliably?

    I think the power sellers on eBay get very favorable terms on listing fees and MCM has their own site for direct sales. I think that gives them enough room to mostly set their price and wait for the inventory to clear. From what I've seen, they do tend to sell quite a bit. MCM has some of the more competitive pricing on modern coins out there, right along with Pinehurst and a few others. Unless you want to submit the coins yourself and take the gamble there aren't many people that can afford to undersell them on price.

    Lastufka Collection

    Posted

    I think Gary does a good job of laying out why trying to compete with people like MCM is a losing battle. That's a pretty big dog. I have a somewhat similar situation with my Zimbabwe note set. I can't bulk submit hundreds of different notes from nearly 100 different pick #s. BankNoteWorld can and did - they probably paid about $14 each to bulk submit literally thousands of notes back in the day. If I wanted to cherry-pick and submit individual notes myself it'd cost me $30 a note to submit them - plus shipping both ways and the cost of buying the notes in the first place. I could buy them already graded from BankNoteWorld for $15 each - sometimes less if I caught a sale. At that point, you can buy from the dealer cheaper than you can take a roll of the dice yourself.

    Sometimes the economics of the situation and of scale just don't favor a "DIY" approach or trying to buy and re-sell.

    Revenant

    Posted

    On 12/27/2019 at 9:29 AM, Mokiechan said:

    I know where you're coming from.  I have had two cornea transplants in each eye and am always fearful that I will lose my sight or at least my correctable acuity.   I suppose it would be like a person who loves music losing their hearing or a person who enjoys playing guitar, finding their arthritic fingers no longer work.  Oh well, at 61, the great beyond is not that far in the future.  As long as I make it to this summers ANA WFM in my hometown, I will be Happy Numie. :)

    If you're 61 you've got at least 20-30 more years. ;)

    Alcon1982

    Posted

    1 hour ago, Alcon1982 said:

    Lo siento si alguien lo ofendi no fue mi intencion soy Nuevo y por Ocupo dinero. Exactamente no se $ estoy esperando la terser persona que me de su opinion grasias

    You haven't offended me or anyone else here I think. However, it's worth noting that I don't think this coin is going to prove to be worth what you think it's going to be. The fact that you even made this post about these nickels makes me think you think it's more valuable than it is. I also think that if you're going to offer a coin for sale, you should first have done enough research to have a reasonable idea of what it's worth. That way you know what a reasonable offer is and so you know going in if you're assigning an inflated value to it just because "it's old." There's plenty of people in the newbie forum that post about a coin that they know nothing about, but most of them aren't saying "make me an offer on this," at least, not initially.

    I remember when I was younger and just getting into coin collecting my mother called a price I got on a coin good because it was "less than $1 for every year old it is." It seemed like good reasoning at the time but as far as pricing a purchase it's actually almost total garbage - age and value on coins don't really correlate all that well for anything made in the 20th century.

    Alcon1982

    Posted

    1 hour ago, Just Bob said:

    I do not speak Spanish.

    According to Google translate, he is offering a deal of two coins for the price of one and a half, and the second post reads as : " Any message that is not related to making a deal does not bother to write do not waste your time or mine"

    I guess he's hoping we'll put in a crazy-high bid for them and doesn't want to name his price. Buy one get one half off doesn't help much unless you know how much the one costs. But the value on these is so low that paying shipping would be overpaying.

    King Khan

    Posted

    1 hour ago, OUTCAST said:

    At the moment you show up with valuable coin,they want it,and they have your IP address.When you go on eBay or Amazon to sell it for peanuts they know it.Guess who buy it from you for 12 dollars?

     

    1 hour ago, OUTCAST said:

    To check the coin you must have it in your hand and use proper magnifier it might be undiscovered coin yet.

    Paranoid and an optimist. Quite a combination, really.

    King Khan

    Posted

    2 hours ago, Just Bob said:

    If you can't read well enough to see that for yourself, and you are purchasing coins like the OP's coin, you are in for a long, expensive trip.

    Well, if he's paying a few bucks a piece for fakes like the OP it might not be all that terribly expensive - just as long as he doesn't pay "real" money.

    It always amazes me when people pay $1-4 for a coin that, if real, would have a melt value of $12. Because people do no research and have no idea what they're buying.

    Ray, USMC

    Posted

    24 minutes ago, jackson64 said:

     

     I also noticed a marked drop in registry participation after NGC precluded PCGS graded coins -- large drops in the chat rooms, journals and waning interest in general participation even if coins were still being collected ( myself included).

    This place just about died when that happened. It has been worse on the PMG side since they broke up the forums. There is basically nothing going on over there for weeks at a time.

    On of the main reasons I bring up my Zimbabwe notes in journal posts over here sometimes is I honestly don't think there's more than 2-5 people over there to see the post.

    Ray, USMC

    Posted

    19 minutes ago, Ray, USMC said:

    If we look at it in it's entirety we can ask the question why dedicate your collecting loyalty to one grading company or the other if they don't demonstrate a willingness to support loyal collectors of there brand. The whole registry concept and creation was done with the right intentions, I believe, but brand loyalty for the company you choose should warrant stronger customer support. I think the change to allow PCGS coins to compete was a decision made based on the amount of pressure placed on the decision makers. This site, and the competitions, are driven and based around NGC and it's numerous dedicated NGC collectors.

    I'd say something like 97% of my collection is NGC graded. I have odd PCGS coins where I just happened to find a coin that I liked or needed in PCGS plastic and I loved that I could have all of them displayed in a registry set together. The fact that NGC let me have that made me like them more and made me favor their coins more, whenever possible. I'm pretty sure I'm not alone in that.

    Some would argue that allowing this IS showing loyalty to their customers because it respects their customers as COIN collectors and not collectors of the holder the coin is in. At the end of the day, the coin is what you're collecting and paying for - we don't buy empty slabs.

    One of the benefits of being mostly / fully NGC is the fact that it makes a nicer looking display IMO - which is part of why I do it.

    Augustus 70

    Posted

    2 hours ago, Augustus 70 said:

    But also, if he or she has spent one hundred million dollars on rare coins, then they do deserve to win all the registry sets.

    If this is the person that spent $100-200 million on coins I hope he did it for more than just being king of the registry. 😆 

    2 hours ago, Coinbuf said:

    Rather than start a competitive set over there it would be better for me to just do a showcase set instead; as I said monopolization stifles competition.

    I agree with you that someone having and overwhelming set can stifle / discourage competition and this can in turn stifle participation. But, as it is, if you look at almost any US competitive category there's a set at the top that is staggeringly good that someone spent maybe hundreds of thousands of dollars on that your average collector or newbie would find almost impossible to touch. The only difference with what you talk about is it would be the same person in each category.

    As it is people still complain regularly that it's impossible to compete here without a 5 or 6 figure war chest. I just think the boogie man you fear is almost de facto already here. The only hope for some - maybe many / most - is to go for MS/PF 70 moderns and "win" a modern set - along with 50-100 others ranked / tied for #1 - and then you still have to deal with people dissing your coins as "widgets," or "not real coins."

    The vast majority of the 13,000+ users with coins in sets will never win much - if anything.

    Most of us seem to have just 1 or 2 pet  projects or categories we fight in for a top spot.

    I probably wouldn't have stayed / come back if this place was just a battleground - it's also about community.

    Augustus 70

    Posted

    2 minutes ago, Coinbuf said:

    There are some benefits to reverting back to the old system where PCGS coins are allowed back in.  But there are drawbacks and potential pitfalls also, the PCGS registry has been almost taken over by one individual and it would be a shame if that person were to add his (100% PCGS) coins here and also dominate this registry.  Monopolization doesn't lead to good competition.

    Well, his sets would be ineligible for the major awards if the 75% ngc rule stays and he wouldn't be able to win both "best in category" awards with PCGS coins and wouldn't be able to compete in any World category as it is now so... He definitely wouldn't monopolize everything. Sad that that's an issue over there but it does show one thing that can happen any time you have a whale in the registry. The same thing could happen here if a wealthy enough person wanted to focus on NGC coins and this registry.

    VSI Collection

    Posted

    5 hours ago, Coinbuf said:

    I think that reversing what was a very unpopular decision a couple of years ago is a good thing, however it also has a downside.  One of the real issues with the NGC registry was that too many sets; many top ranked sets; were/are 100% PCGS graded coins, so NGC is giving registry awards for sets that have no NGC coins in them.  That is the issue that should have been addressed then and still needs to be addressed now.

     

    2 hours ago, VSI Collection said:

    I believe that in order to be eligible for awards a Registry Set must now be comprised of 75% or more of its coins being NGC graded...

     

    Correct, but that 75% rule applies to the Major Awards that get the plaques and the $500 grading credit.

    For the smaller category awards, each US category gets 2 awards - "Best in Category," which considers everything, and "NGC Best in Category," which only coins points for NGC graded coins. A 100% PCGS set can still win "Best in Category," but not "NGC Best in Category."