In addition to coin and currency collecting I have collected historical artifacts, historic weapons, photographic equipment and railroad paraphernalia. It's been a blast learning about these technologies by actually handling them.
The same generation that posts 'selfies', what they're eating at the moment, and where they're headed in the morning........
And they are the generation which will make the world a much better place , let us live longer, and learn a tremendous amount of new discoveries. I am glad they don't want to be like the older generations, but to be better. Yeah, I am a traitor to my age group
This is true, but how this relates to the OP has me stumped. I fail to see how it is “self absorbed” to express feelings to a community one has been an active member of. I am by nature “self absorbed”, “arrogant”, “elitist”...... call it what you want, it has nothing to do with my generation, as I am a major outlier/outcast in beliefs when it comes down to it. Unnecessarily bashing this young man is just going to further turn him away from US Coins and the community as a whole.
He is claiming the high prices of us coins has put him off collecting us coins and then praises himself for making money by selling us coins at these same high prices. It is, at a minimum, ironic. More like hypocritical but I was (was) giving him some slack for being a good lil capitalist!
But sometimes we find great values in the plastic tombs. Many of us (how many? I don't know!) buy the coin, not the holder...& we break them out! I've found unattributed varieties & VAMS (not to mention wrong data, such as dates & mm's) in plastic coffins. For me, the label & grade are rarely considered...cost is a consideration...but it's the coin itself...if you know what you're looking at...at my stage, I pretty much have to see it in hand before I buy now.
I like early (pre-1826) US coinage, but to get any of these in decent condition usually costs hundreds or even thousands of dollars. I have always wanted a chain cent because it is the first coin produced by the US mint, but I’d have to spend $1000 minimum on a crapola specimen. While these coins are historic, I am not willing to cough up so much money for relatively common/extremely low-grade coins. As for the selling side, if I see an 1803 NC-1 large cent for $45, am I supposed to just leave it be or do I buy it and let the market give me $300 for it? You accuse me of hypocrisy, but I am sure you would do the same thing if you could make a few hundred dollars on a coin you would otherwise have no interest in due to the price.
So the price of desirability is fine when it benefits you? They cost that because others want them as well. Very few care if you can make some money on coins, but complaining you can’t buy what you want for the price you want...... Your taste outgrew your budget. It happens. Doesn’t mean there’s some flaw with the market itself
I have been buying and selling Us Coins for over 56 years and have never been disappointed in of my findings better yet I have my bank hold rolls of pennies from their customers and is never predictable !!
My point was that the coins are far more common than their prices suggest. Athenian owl tetradrachms are the same way. I am not paying $1000 for an average decent example of an extremely common type. These coins are common by all measures, so, in my opinion, they are overpriced. That means it is time to walk away. They is not worth pursuing.
I’m not sure why I have to explain myself to you holier-than-thou contrarians. I no longer enjoy the pursuit of US coins. I no longer enjoy interacting with the US coin-collecting community. That’s why I am done. End of story. If you can’t accept that, then go find something better to do than trying to tear down everyone who thinks differently than you. @mods please lock this thread. Nothing more needs to be said.