Log in or Sign up
Coin Talk
Home
Forums
>
CoinTalk
>
What's it Worth
>
1870 3 Cent Nickel? What's this one worth.....
>
Reply to Thread
Message:
<p>[QUOTE="BooksB4Coins, post: 3269795, member: 36230"]For a coin to be a worthwhile candidate for submission doing so must add something of value to the coin at least equal to the price of admission. Said "value" can be anything from increased liquidity to independently verified authenticity and everything in between. The fact is the vast majority of perfectly collectible coins have no business being in plastic and this includes a fairly large percentage of those already residing in slabs.</p><p><br /></p><p>The TPGs are not the collector's friend but for-profit businesses perfectly willing to take your money while offering no real value in return. Submitting coins is akin to a game: play wisely and well, and you can win, but play poorly and you can easily bury yourself, in some cases permanently.</p><p><br /></p><p>The red book is indeed an excellent suggestion for someone in your situation. Even though the listed "values" cannot be assumed to be valid, it can give you a basic idea of what may have potential and this is in addition to the useful general information contained within. As for said values, the problem isn't that the book is "out of date" by the time its published; you can go back and not find a time in the previous year when they were valid and proves this to be fact. The issue with the quoted values is how they're compiled; they're basically estimations coming from select coin dealers as opposed to being based directly upon real-world sales. There used to be a page on the Whitman website that explained this, but I haven't been able to locate it over the last few years.[/QUOTE]</p><p><br /></p>
[QUOTE="BooksB4Coins, post: 3269795, member: 36230"]For a coin to be a worthwhile candidate for submission doing so must add something of value to the coin at least equal to the price of admission. Said "value" can be anything from increased liquidity to independently verified authenticity and everything in between. The fact is the vast majority of perfectly collectible coins have no business being in plastic and this includes a fairly large percentage of those already residing in slabs. The TPGs are not the collector's friend but for-profit businesses perfectly willing to take your money while offering no real value in return. Submitting coins is akin to a game: play wisely and well, and you can win, but play poorly and you can easily bury yourself, in some cases permanently. The red book is indeed an excellent suggestion for someone in your situation. Even though the listed "values" cannot be assumed to be valid, it can give you a basic idea of what may have potential and this is in addition to the useful general information contained within. As for said values, the problem isn't that the book is "out of date" by the time its published; you can go back and not find a time in the previous year when they were valid and proves this to be fact. The issue with the quoted values is how they're compiled; they're basically estimations coming from select coin dealers as opposed to being based directly upon real-world sales. There used to be a page on the Whitman website that explained this, but I haven't been able to locate it over the last few years.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
CoinTalk
>
What's it Worth
>
1870 3 Cent Nickel? What's this one worth.....
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...