Help! Where do I begin?

Discussion in 'Coin Chat' started by 352sdeer, Feb 13, 2018.

  1. 352sdeer

    352sdeer Collecting Lincoln cents for 50 years!

    I’ve tryed a few, they just never stuck. I am a sucker for cents though the bag in my images is copper memorials I paid .0023 cents OVER face delivered. I’m cheap!
    Reed & Sparkles
     
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  3. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

  4. juris klavins

    juris klavins Well-Known Member

    Last edited: Feb 14, 2018
    mikenoodle likes this.
  5. 352sdeer

    352sdeer Collecting Lincoln cents for 50 years!

    I’m proud of my no value, found in the wild, circulated cent collection no need to spend a lot to make me happy! Plus I wouldn’t know what to do with gold coins except lock them in the safe never to be looked at again.
    Reed & Sparkles
     
    juris klavins likes this.
  6. wxcoin

    wxcoin Getting no respect since I was a baby

    eddiespin and juris klavins like this.
  7. David Setree Rare Coins

    David Setree Rare Coins Well-Known Member

    Hummmmmmm.

    49 years is a long time to hold a grudge.
     
    352sdeer likes this.
  8. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

    ... but in the case of silver scammers, probably not long enough.
     
    352sdeer likes this.
  9. Santinidollar

    Santinidollar Supporter! Supporter

    I don’t know how you got burned by silver. Buying bullion? If so, don’t let that keep you from collecting numismatic silver coins.
     
  10. mikenoodle

    mikenoodle The Village Idiot Supporter

    well, let's say you bought silver when it was on its last run up and bought at about $30/oz and watched it go up to $49, but then watched it drop to almost $16/oz, I can see that as being burned.
     
  11. Stork

    Stork I deliver

    In 1969 (and assuming his profile age is accurate) then the rip off was perpetuated on a kid under 10 years old. Kinda despicable to rip off a kid like that.
     
  12. Conder101

    Conder101 Numismatist

    Yes but who burned who? You saw it run up to almost a 50% return on your money in just a short period. You could have sold and banked the profits. But no you got greedy and wanted more. Then it fell but did you sell as it was going down? No you held hoping it would go back up. Then it fell past the $30 you paid, did you sell and cut your losses? No, you rode it to the bottom. The decisions to hold and not sell were not forced upon you, so you have to take part if not most of the blame. You burned yourself.
     
    wxcoin likes this.
  13. wxcoin

    wxcoin Getting no respect since I was a baby

    Exactly. This is no different than investing in stocks. Ultimately, one is responsible for their own choices and many won't be satisfied with a modest gain but complain when the market tanks. My primary reason for being into numismatics is for the enjoyment. If it was all about maximizing profit then I doubt if I'd enjoy it. Others may feel otherwise but that's their choice and I wish them well.
     
  14. Cheech9712

    Cheech9712 Every thing is a guess

  15. TheFinn

    TheFinn Well-Known Member

    Not really. You still have the same number of ounces. You are just comparing it to a fiat currency. Compare it in gallons of gasoline. If you paid $36/oz. when gas was $4.00 a gallon, and now it is $17/oz. and gas is $2.30 a gallon, you are about equal. People keep comparing the price of PMs in fiat currency, whose only backing is debt (promise that the government will tax people to make good on the debt).
     
  16. Cheech9712

    Cheech9712 Every thing is a guess

    Riverside here
     
  17. Cheech9712

    Cheech9712 Every thing is a guess

    Take it to the Sabres game and watch them lose
     
  18. wxcoin

    wxcoin Getting no respect since I was a baby

    If you purchased silver at $30 per ounce 20 years ago and, say, inflation has doubled in that time, if silver was still selling at $30 per ounce then your ounces of silver would have half the buying power it did when you originally bought it. To break even with your investment, silver would now need to be selling at $60 per ounce.
     
  19. 352sdeer

    352sdeer Collecting Lincoln cents for 50 years!

    I was nine summer of 1970 and I’d saved $9.00 of bottle money for that nice pure white Morgan at one of the two coin shops I could reach by bicycle. When I showed it to a older collector friend of the family he informed me that the pure white was bad and all the tiny scratch marks under magnification meant that it had been chemically over dipped, WAY overdipped. The coin was worth a buck and I got ripped off. I won’t buy Morgan dollars EVER AGAIN as a lot have been dipped at some point.
     
  20. wxcoin

    wxcoin Getting no respect since I was a baby

    Even in 1970, the bullion value of the Morgan was worth well over a dollar.
     
  21. TheFinn

    TheFinn Well-Known Member

    You only get burnt if you don't learn. $9.00 for tuition is a steal.
     
    Beefer518 and 352sdeer like this.
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