Do you ever kind of get mad when you look through value bins because some of the coins in them are priced way above their value? I do. I was just at a local coin store looking through the five dollar bin and they have coins from the 1700s alongside modern coins that I couldn't sell for a dollar on eBay. I think it's just my sense of order. I think everything belongs in its proper place. (On the other hand, if I find a $20 coin in the $5 bin, I'll be perfectly happy, so I know I'm inconsistent).
I routinely search vcoins for anything under 20. If you're persistent and patient, you get some very decent, cheap coins out of it. And eBay low-starting-bid auctions are also the way to go.
You're kinda like the Ancient Junk-Man ... => "Hey, did you guys see that guy goin' through the garbage cans?" => "yah, that's the Ancient Junk Man ... he's gonna be a billionaire someday" ... "really? ... => *whateva man, that fricken table rocks!!"
I would think they (1700's coins) would be termed "loss leaders" such as those you might find in grocery stores to get people in (to the junk box) to buy more. Chris
Maybe so. What happens though is when I see coins in the $5 bin that I know are worth far less, it makes me question my judgment when I see a coin that I do think is worthwhile.
A lot of novice collectors will probably think, "Geez, if this is in with these old coins, they must be worth it." Follow your best instincts and choose what is right for you. Chris
ahahahaha => that's awesome!! (thanks for the chuckle my friend) Cheers dawg :high5: :thirst: :thirst:
Bargains are rare. Many things we consider bargains are actually just the rare examples of things correctly priced for their degree of worthlessness. Just because someone else is selling the same thing for several times its value does not make the fairly priced coin a bargain. On the other hand I recall seeing a well circulated Euro in a $.25 bin. That might be a bargain but only if you were planning to go to Europe anyway.
While it is true that it is difficult or impossible to determine the true worth of something, all I need to know for my purposes is how much it will generally cost me to obtain it, and something significantly less than that seems like a bargain. If something costs me $1 in one place and $5 in another, then the $5 seems overpriced, but if it costs $5 and I know I can sell it elsewhere for $10, it's a bargain. In the grand scheme of things it maybe all evens out, but it's part of the fun trying to find deals.
I often see these post about junk bins and have to say ive seen some nice coins bought from these bins. The question i have is so many times i read post about never touch a coin always pick it up by the sides to prevent finger prints but are these coins held to that same standard. When i see these post i see people digging into these bins dropping the coins they disliked putting finger prints all over the coins they put back. So are we all guilty of the same thing we preach about here on coin talk. Just wondering. I understand these coins are of a low value but some that get posted here look good to me. Maybe they are in flips and i failed at knowing this,
In my opinion the "don't touch" rule applies to a totally different type of coins than you generally find in value bins. Most value bin coins have been touched for years and years, and you touching them again isn't going to do any harm.
I especially like the "value bin" silver. I love finding Old RCM and Coke bars for melt. Makes my day!
