I Came From A Different Generation...

It's not a mental breakdown when you are right.... which Chris is, it's obvious you don't have your values right otherwise we'd all be knee deep in proof nickels, which is what Chris started with.....perhaps some more time in the shop with dad can help with that....

 

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Im trying to be as nice as I can, but youve obviously never sold coins.

Honestly seriously, Ill give you the same 2 dollar profit account for his work effort if not worse, make me some proof rolls. 2 dollar profit for your hours....

So because once you did labor costs per hour should be expended on you...

 

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No one will bottom feed wasting their time like that, but good luck.

Its not worth anyones time to come in, no one owes you coins...

 

You talk like you've been in the hobby selling for as long as Henry Ford was in the car business..... you know nothing! Seriously, go back in dad's shop and study before you come here thinking you know all....

 

Ahhh but you owe it to yourself to know the facts and values if your this big time coin dealer..... who is barely out of high school.... and barely older then me. LMAO

 

My last response to this thread.

Its clear who is trolling or just flat out stupid. If they haven't let you know. above you cant be saved.

 

Good for you! Admitting when you're wrong and that you have a problem is the only way to eventually get over it.

 

Don't lose hope yet. I'm 23, and just walking 15 feet though a parking lot yesterday I picked up about 5 pennies and a nickel, and then found a few quarters in the coin return of vending machines.

I got paid about 70 cents just for walking around and having a good eye. lol

It's getting idiotic that people just throw money away in addition to everything else now. My mother keeps a huge glass moonshine jug of pennies for the last 17 years. It's half full and mush weigh about 100 lbs. No idea how many pennies are in it, but I went through it around 2001 or so and took the wheat pennies out, of which there was a few dozen in there!

And in 2013 I got a 1930's wheat penny back in spare change from a purchase at the hardware store, I found that quite a suprise!

 

As far as the proofs go the question isn't accurate. Yes, there are millions of proofs in circulation but most of these aren't "extras" collectors didn't need so they spent.

Most of them get into circulation when the big wholesalers assemble rolls of proofs. Between about 5 and 20% of proofs are considered culls and these are placed enmass into circulation. I've put some into change myself because there's nothing you can do with unattractive proofs. The same thing goes on with the mint sets but there are far more culls in mint sets. Between about 10 and 50% of mint set coins can't be sold as BU.

Most people would be surprised to know what half a century of ignoring the coinage has caused. Almost half the proof sets and three quarters of the mint sets have just been cut up and spent. Even today there is no reason for the wholesalers to keep sets intact because even after the culls are spent the sets are worth more as individual coins than as sets.

 

If only you guys collected obsolete old coins like me, there wouldn't be any issue with putting coins that aren't worth a lot back into circulation. I doubt a cashier is going to accept a Maximian radiate as change, as much as I would wish it so. So I'm stuck with this "near worthless" coin whether I like it or not

 

I'm a "millenial"(ie. 30 or younger) and I don't collect US coins, but even I will search my pocket change and pull out any silver coins, the odd proof coin, or any wheat pennies I come across. They may not be my cup of tea or worth that much to me (or in general) but I think they are worth saving. What I do in those cases is give them away to young kids whom I know are just getting into coin collecting, or to a friend of mine who likes to collect but doesn't have a lot of money.

And yes, even if I'm in a hurry, I will stop for a penny and pick it up. I'll even pick up those yucky Canadian coins that seem to litter the Florida soil every winter when the snow birds head south.

If we don't save that stuff for later generations, no one else might.

 

Um, young sir, I have been in business for about three decades. You do not even want to talk education. I have taught Finance at prestigious MBA universities and am a current business doctoral student. So, as that as my background, you are missing the point. IF you are ALWAYS busy making more money, then your point is valid. However, if you have any down time at all, then the appropriate measure is instead profit maximazation, and that would entail selling any coin over face value you can. Any dealer who has any downtime at all he who is not maximizing his profit from all coin purchases probably will not be in business long, just like any business. I am CFO of a large food firm, and I went out of my way to get an extra pallet on a truck, and find a slightly better return on waste. I only save $80 a truck shipping, but since I pay for about 6,000 truck shipments a year it added up. Profit maximazation should always be your goal. Your labor is "free" if you are a business owner and have nothing more profitable to do at 10pm at night.

As for assuming I have never sold coins, wrong again. You should be careful what you assume on the internet.

 

Amazing. Truly unbelievable, really. This thread began with conserving/preserving/recycling/not wasting. When Chris chimed in for the first time he was talking about GIVING AWAY coins, not selling them. Baseball21, you appear ignorant, immature and judgmental to me. I am not stating that as a fact, only what impression your posts give me. 20,000 posts by Chris IS something significant. I have learned a tremendous amount about numismatics from him. In fact, I was reading CT for several months before I made a single post (and before I made that single post I PMed Chris to thank him for the time he has taken to share his knowledge and his often witty and humorous responses in CT).

Chris does not need me or anyone else to defend him. I am stating this in an attempt to ask you to examine yourself and your posting. Forums like CT can be so valuable to new and veteran collectors, but it is uncomfortable (for me, at least) to have to wade through what appears to be arrogant and judgmental posts.

If I have misjudged you, I apologize. I think, however, you are going to be shutting yourself out of a possible lifetime of learning opportunities if my impressions are near the mark. From some of the other posts I am not alone in my impressions.

I grew up in a small town Ma and Pa café. Literally grew up in it (five of us living in one room at the back of the building). My 8th grade-educated parents may have been "uneducated" but they were not dumb. I was waiting on customers from the time I was 6 or 7 years old. My father impressed on me the importance of doing what it took to please the customers. E.g., when they asked for a pat of butter, he told me to give them two. If they asked for a book of matches, give them two. One could argue he was losing money. Far from it. My parents, by giving generous portions and never being cheap, built a business that provided a living for six of us and served an appreciative public for 39 years.

Think about it, Baseball21. Think long-term, not short-term. Think about the business you COULD have by not being a bean-counter. And please, for YOUR sake, stop the critical-appearing posts long enough to learn from the voices of experience.

Steve

 

Steve? It's folks like you and your family that make America great.........

 

Your points (in the above post) are completely valid if taken at face value, so I'm not sure why it was taken, by both sides, into something different altogether. Tubing them up is one thing, but if in 2x2s as you said, you're right in that for some it's a complete waste of time, effort, and money. For others though, if they've the time, patience, or ability, all the power to them. There's a good reason why many dealers are up to their ears in such things, and it only became worse after silver's run a few years back with so many sets broken up and junked. Perhaps people were/are willing to pay what some seem a worthwhile amount on ebay or the like, but elsewhere one could barely give them away as singles. One man's trash is another's treasure, I suppose....

 

Take away message from this train wreck of a thread (thanks to @baseball21 )...

People who are into coins to make money will never think like those of us who are into coins as a hobby for the enjoyment of it. When coins are just widgets to be flipped for profit, everything becomes a trade-off of time spent to dollars made.

Of course, this is no knock to good dealers. There are lots of good ones out there, and we'd be a hurting bunch of collectors without our trusted dealers. But, I could do without the self-declared "expert" dealers who demand their customers or potential customers bow to them and buy their wares, not realizing that without us, they have nothing!

I presume this baseball21 guy is the same as the "basebal21" guy who has been posting on Coin Community Forum for quite some time. He's also developed a reputation there as a generally "abrasive" person...

 

I do deal coins too tho as a sideline not for a living. At least for now I have 2 other businesses I own for that. And I still check my change for silver and even pull copper cents out and throw them in a jar. If I had a lot of modern proof coins id put them in group lots to wholesale or in dollar boxes or give them out to yns. But I deal almost exclusively in earlier coins. So I do the same with low grade ihc buffs etc. when I do set up at a show it's usually high end and mostly slabbed. But I keep some of the $10 and under stuff around for the young and the entry level collectors. And always make it a point to spend time talking with them if I can. As I was one once and their the future of our business

 

The site software didn't show my original post, assuming a delete as experienced on several past occasions, resulting in a 2nd post.

 

I trust you'll accept the subjective input from an individual who's inhabited this planet for 3/4s of a Century, living the complete gamut from destitute to wealthy far beyond needs. I personally don't believe that generational experiences are indicative of the essence of this thread/document/subject.

I personally believe the responses/posts are reflective of the diversity in societies which have existed when allowing certain "freedoms". I personally can't pass judgement as I generally believe that unless there's physical (including "theft") harm to an individual, one should accept perspective differences, and remember the "Golden Rule".

I became the "bread-winner" of my family at the age of 9 years when my father was injured/incapacitated/institutionalized, leaving me to be the eldest of five children with a disabled mother. We never had a house or money as society generally knows, with few family belongings. We had a family "team" with a desire to survive, and willingness to barter.

I literally spent 20+ hours a day determining how to cope with tomorrow. Those with greater "means" appreciated my attitude, and ability to accomplish tasks in a clandestined fashion. They would exchange the minimal essentials for my efforts. I learned the value of actions relative to "worth".

I've always lived the "20 hour day" working 2 full time jobs, auditing classes for credit, graduating from College before most finish high school, always realizing the value of talents rather than "worth".

Today I've accomplished more than most, have few peers, by any societal or academic standards, constantly learning while developing anew. I virtually don't have a cent in "a bank", no credit rating, but have things that would be the envy of many, including health, wealth, possessions, companions/family, and most of all "means", by way of a positive "can do" attitude.

I live in a 2 city block secluded gated/fenced facility having trails through dense woods, for walking with loving/protective canines. I still jog/walk with my canines early in the morning (i.e. 3-4 a.m.) before the rural traffic begins.

When I visit commercial establishments, I'll park at the extreme distance from the facility, as a method of forced exercise. I watch for any loose change on the grounds, which I'll always stoop (not bend) to collect, that will usually be spent in the "self check-out" machines when I purchase various items.

I'm saddened that an elementary subject as "habits/attitudes" has generated seemingly hostile demeanor. I feel blessed in having my experiences, and believe that regardless of whatever others have realized, that we can all appreciate the positive facets of our lives, while respecting the differences of others.

JMHO