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<p>[QUOTE="Conder101, post: 873043, member: 66"]Frankly I would rather EAC remain low key and relatively "unknown". It allows us to keep it more of a "scholarly" organization, and you have to realize that if a lot more people did come into the field most of the collectors and scholars would be forced out. These coins, especially the early dates, are just too scarce for the mainstream. Prices are already high but it would only take a relatively small increase in the number of collectors for todays high prices to triple or more. That happened in the Conder tokens. When I started collecting them prices were low and the Conder token club was just beginning. Ten years later even with only around five hundred members of the CTCC prices have more than quintupled and coins I used to buy for $20 are now pushing $150 to $200 and I've pretty much been priced out of the market. If we had as many members as EAC does now i would not be surprised to see them at $1000 or more. Already more and more of the nicer EAC coins are already being siphoned off into the investor market and lost to the EACers.</p><p><br /></p><p>EAC is one of the few areas that still retains its old time fellowship that was so common back in the late 19th early 20th century. We care about the coin and the friends we share. I have never found a group as open, friendly and as eager to share what they know with beginners than EAC. We just love to share our coins. And there is something about trust in our small group. At my first EAC a dealer had a double row box of several hundred loose draped bust cents that I wanted to go through but his table was crowded. No problem he handed me the box and said "There's an empty table over there on the other side of the room where can look at them." and he went back to his other customers. This was the first time I had ever met this dealer and he didn't know me from Adam, but I was EAC and that was good enough for him to trust me with an uninventoried box of cents worth maybe $8K. (This was a long time ago. Today that box would be over $50K.) The first EACer I met was in the hotel. He asked if I was there for EAC. I said yes and we started talking copper. The next thing I know i'm holding (raw, slabs didn't exist at the time) two of the six known 1834 N-7 cents! Who the heck was I talking with! I'm a 24 year old kid making less than $4K a year. He's a multi-millionare who collects middle dates by variety, but only the finest known specimens. And we are having a fine time. At the hospitallity get together I shared a table with some of the major names in the copper field and Walter Breen. He was passing around portions of the Early Date encylopedia manuscript and reading selections from the Cynics Dictionary. Things like this do not happen in any other group, and I am afraid if we really opened up we would lose this close friendliness. (And it's not just among ourselves either. Last year when we met in Cincinnati I overheard some of the hotel staff talking and and they were saying "We get a lot of conventions here but not like these EAC people, they are just SO friendly!" I've never heard that from the hotel staff at any other coin convention.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 873043, member: 66"]Frankly I would rather EAC remain low key and relatively "unknown". It allows us to keep it more of a "scholarly" organization, and you have to realize that if a lot more people did come into the field most of the collectors and scholars would be forced out. These coins, especially the early dates, are just too scarce for the mainstream. Prices are already high but it would only take a relatively small increase in the number of collectors for todays high prices to triple or more. That happened in the Conder tokens. When I started collecting them prices were low and the Conder token club was just beginning. Ten years later even with only around five hundred members of the CTCC prices have more than quintupled and coins I used to buy for $20 are now pushing $150 to $200 and I've pretty much been priced out of the market. If we had as many members as EAC does now i would not be surprised to see them at $1000 or more. Already more and more of the nicer EAC coins are already being siphoned off into the investor market and lost to the EACers. EAC is one of the few areas that still retains its old time fellowship that was so common back in the late 19th early 20th century. We care about the coin and the friends we share. I have never found a group as open, friendly and as eager to share what they know with beginners than EAC. We just love to share our coins. And there is something about trust in our small group. At my first EAC a dealer had a double row box of several hundred loose draped bust cents that I wanted to go through but his table was crowded. No problem he handed me the box and said "There's an empty table over there on the other side of the room where can look at them." and he went back to his other customers. This was the first time I had ever met this dealer and he didn't know me from Adam, but I was EAC and that was good enough for him to trust me with an uninventoried box of cents worth maybe $8K. (This was a long time ago. Today that box would be over $50K.) The first EACer I met was in the hotel. He asked if I was there for EAC. I said yes and we started talking copper. The next thing I know i'm holding (raw, slabs didn't exist at the time) two of the six known 1834 N-7 cents! Who the heck was I talking with! I'm a 24 year old kid making less than $4K a year. He's a multi-millionare who collects middle dates by variety, but only the finest known specimens. And we are having a fine time. At the hospitallity get together I shared a table with some of the major names in the copper field and Walter Breen. He was passing around portions of the Early Date encylopedia manuscript and reading selections from the Cynics Dictionary. Things like this do not happen in any other group, and I am afraid if we really opened up we would lose this close friendliness. (And it's not just among ourselves either. Last year when we met in Cincinnati I overheard some of the hotel staff talking and and they were saying "We get a lot of conventions here but not like these EAC people, they are just SO friendly!" I've never heard that from the hotel staff at any other coin convention.[/QUOTE]
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