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<p>[QUOTE=&quot;EyeEatWheaties, post: 1077024, member: 26972&quot;]I logged on this morning to research some things about Teletrade and came across a thread unrelated to my research that made my blood boil.</p><p><br /></p><p>:hail:<b>This is a call &quot;out&quot; to those who spew stuff with out backing it up with facts.</b>:hail: </p><p><br /></p><p>I have tried my best to reason and explain things I know in a PM. The response was believe what you want and I will believe what I want.&nbsp; Nothing wrong with that until those beliefs are forced upon others from a position of authority.</p><p><br /></p><p>I have read threads here on CoinTalk that are very frustrating.&nbsp; They are frustrating because &quot;pillars&quot; frequently post &quot;stuff&quot; without backing it up with facts. They post as gospel....&nbsp;&nbsp; Do not question me. &quot;I have been doing this a long time&quot;&nbsp; I see this stereotypical behavior A LOT amongst old time collectors in this hobby directed towards those who are new to collecting. </p><p><br /></p><p>No wonder. coin collecting doesn&#039;t have Laser ID and gas chromatography as SOP.&nbsp; No wonder old time collectors shun the idea of possibly being able to examine a coin from images - that it can only be done in hand.&nbsp; There is an old guard firmly in control of the coin hobby who beat down the uninitiated.</p><p><br /></p><p>I have been banned from message boards for stating facts. WHY IS THAT? </p><p><br /></p><p>Here is what I am insisting on as an individual who is passionate about coin collecting. As an individual who has the whereforall and stones to question authorities.&nbsp;&nbsp; <b>I am suggesting that if you are an OLD TIME collector/dealer and you expect everyone to believe you then you need to back up your statements with facts when questioned by a noob. </b>Your 40 years experience is exactly that, old experience.&nbsp; Get with the times or get left behind.&nbsp; There are a lot of young members on here and I hope that they question what their gut is telling them is wrong.&nbsp;&nbsp; </p><p><br /></p><p>Let&#039;s use an example:</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><b>That above is flat out wrong. EVERY TIME I CHECK&nbsp; -&nbsp; I DO NOT FIND the above to be true. </b>&nbsp; I am sure there are exceptions.&nbsp; The numbers do not lie. I contend that while the above is not an intentional lie. It is the equivalent of spewing unsubstantiated stuff that is not true.</p><p><br /></p><p>The above quote is out of context, however it is from a thread where the prevalence and frequent intensity of the posts from a pillar of this community, were all written along the lines, DO NOT USE eBay.</p><p><br /></p><p>This is just flat out wrong.&nbsp; &nbsp; </p><p><br /></p><p><b>But hey!&nbsp; Let me practice what I am preaching.</b>&nbsp; lets take facts from eBay and Teletrade&nbsp; -&nbsp; I&#039;ll use a popular and familiar coin and check the statement:</p><p><br /></p><p><br /></p><p><br /></p><p><b>Lets use an NGC 1909VDB MS66RD Lincoln Wheat Cent&nbsp; NGC Population of 1139 -&nbsp; NGC Price guide of $325</b></p><p>&nbsp;</p><p>Teletrade has had 3 sales in 90 days.&nbsp; I presume Teletrade has a 100% sell through?</p><p>11/10 @ $242</p><p>12/07 @ $206</p><p>12/08 @ $230</p><p><br /></p><p><b>Average = $226</b></p><p><br /></p><p><br /></p><p><br /></p><p>eBay during the same period has had 4 sales on 12 Listings.&nbsp; (33% sell through ) EVERY COIN with a starting price of $229 (the TT average) did not sell. </p><p>10/13 @ $202</p><p>11/07 @ $175</p><p>11/18 @ $172</p><p>12/20 @ $167</p><p><br /></p><p><b>Average = $179</b></p><p><br /></p><p><br /></p><p><br /></p><p>So I ask, if my first random search turned up these results, where as a buyer, educated or not, might you now be inclined to look for coins to buy?</p><p><br /></p><p><b>If you have read this far and can see the content in spite of my tone then;</b></p><p><br /></p><p>In the spirit of debate and in the event I might be wrong.&nbsp; (I only researched this one coin,) I knew the above to be true in my one year experience with coin collecting.&nbsp;&nbsp; I ask for you to post common coins that you are interested in finding and I will give you the facts for you to make a decision on where to look to make your buying decisions.</p><p><br /></p><p>Thanks for listening and good luck in your search![/QUOTE]</p><p><br /></p>

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