Truthteller: Why all the doom and gloom coin topics?

[braddick]

Perhaps it's a bit of my imagination, but it appears you've been kind of down on the whole coin collecting pasttime for the last few weeks now.

 

More times than not I'll read a post or a thread of yours that is negative or, at minimum, has a negative feel to it. You don't speak badly of the people who collect, but more or less the hobby itself.

 

It's enough to make me re-think collecting in general and what your agenda is specifically.

 

Am I way off base?

[truthteller]

 

 

 

 

 

 

 

TRUTH

[midwest]

Maybe he is trying to turn this place into the water cooler

[EZ_E]

I somewhat agree with you, Pat, but I always enjoy reading Truth's posts. He always give a perspective from an angle that I may not have seen. Most everyone's viewpoint has merit, regardless whether I completely agree or not.

[braddick]

I somewhat agree with you, Pat, but I always enjoy reading Truth's posts. He always give a perspective from an angle that I may not have seen. Most everyone's viewpoint has merit, regardless whether I completely agree or not.

Absolutely! Me too. If not for the value I weigh in his opinion and thoughts I would care less.

[truthteller]

Well, if you re-read my post from the ANA, you might find an answer. The ANA was fun for me, yet the post was filled with observations, many of which some people do not care for. When I give an observation, it is to the point, blunt, and critical. That may seem gloomy to some, but it's how I see it. Collecting is fun again, for a while it was competition, which made the hobby more of a dog-eat-dog atmosphere, to the delight of many dealers and registry folks. When you read my posts, think of them as a "Ebert and Ropert" with thumbs up or thumbs down, and make more comments with your observations.

 

 

 

TRUTH

[braddick]

Well, if you re-read my post from the ANA, you might find an answer. The ANA was fun for me, yet the post was filled with observations, many of which some people do not care for. When I give an observation, it is to the point, blunt, and critical. That may seem gloomy to some, but it's how I see it. Collecting is fun again, for a while it was competition, which made the hobby more of a dog-eat-dog atmosphere, to the delight of many dealers and registry folks. When you read my posts, think of them as a "Ebert and Ropert" with thumbs up or thumbs down, and make more comments with your observations.

 

 

 

TRUTH

My only concern now is knowing where your thumbs have been.

[truthteller]

Well, if you re-read my post from the ANA, you might find an answer. The ANA was fun for me, yet the post was filled with observations, many of which some people do not care for. When I give an observation, it is to the point, blunt, and critical. That may seem gloomy to some, but it's how I see it. Collecting is fun again, for a while it was competition, which made the hobby more of a dog-eat-dog atmosphere, to the delight of many dealers and registry folks. When you read my posts, think of them as a "Ebert and Ropert" with thumbs up or thumbs down, and make more comments with your observations.

 

 

 

TRUTH

My only concern now is knowing where your thumbs have been.

 

 

What the heck are you talking about?

 

 

 

TRUTH

[braddick]

[Oldtrader3]

Pat: I have responded to some of Truth's past postings with probing questions also. I also respect his input but have wondered about the gloomy coloration of his observations over a relatively long period. We all are seeing some softening of the market now in some series. However, I hope that this is just a breather in the bull collector's market.

 

I do not turn the inventory in my collection and therefore, live with market conditions, good or bad. I also collect material that is not readily collectible. Therefore, I buy the material when I can find it, for whatever price I can afford.

 

Also in passing, I have been watching gold coin auctions for many years and have noticed that many lots in all US gold coin auctions do not sell. Contrary to Truth's recent observation, this auction trend is not new. Recently (within the past couple months) price records have been set for many gold auction offerings. Plus, even common date (nicer coin) gold issues are commanding strong prices. IMHO, there are a lot of over-graded gold coins in TPG MS holders that are not selling because of grade-flation, not market conditions.

[midijab-migration]

Yep, the crack out boys have got a ton of grade-flated gold coins out there. At the ANA I wanted to add another common date saint and went to one of the major dealers. I ended up looking at 25 - 30 MS64 holdered coins which was on the edge of high end 63's. One has got to look, and look hard nowdays. It seems if it's a coin which is at the top 2% of the current grade it'll end up in the lower 10% of the next grade up in the not too distant future.

 

 

jb

[Morgannut]

There's a difference between gloom and reality-- A number of things are really weighing in the overall market. Among them are liner coins pushed to the next grade because of the registry premium, another is for each of the high grade monsters that show up out of an old collection, there are 50 dipped or worked over unattractive coins nobody knowledgeable wants.

 

I reviewed the Bowers/Merena Auction Coins yesterday at Baltimore Show and was so disappointed I didn't even bother with the auction upstairs. Of 200+ Morgans I listed-- there were 5 I wouldn't be embarrased to own! There was in fact some really nice old copper coins and some neat Proof Nickels--but I'm not paying over $50,000 for a Proof Buffalo just because some label makes it a PCGS pop top 3 coin.

 

I thought Truthtellers' way of carefully going over non registry coins and looking for nice eye appealing material, correctly graded, made sense. Unfortunately there's a lot of lousy material cluttering dealers inventories these days--they need some way to liquidate the stuff-- maybe Shop-at-Home???