Fire damaged CC's

Your quote.

 

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Yup, correct.

The participation is INCREDIBLE. Standing room only. Prices? Depends on who's there, but lower than I see at ANA shows, for darned sure. As they say, it only takes two guys who want it... The bulk of the bidders are dealers looking to add inventory, so they tend to drop out before collectors do.

Jeff, do you ever check auctionzip.com? That's my source for these pups. I plug in my ZIP code, the number of miles radius I want to travel, put the word "coin" in the search bar, and voila, up come the listings - slowly, but they do come. A few listings at the top (they're put there by the software) include Internet bidding. I NEVER go to any of them unless there's a piece I'm willing to "overpay" for (my definition). Less than 5% of auctions in my neck of the woods use the Internet bidding, and that includes many nearer Philly who could!

 

Not a sustainable thing, nor a reliable thing. There are a few things I KNOW FOR SURE:
1) Most information, and definitely most TRUE information, is not on the Internet, period.
2) Information vetting online is a shambles at best. It gets swamped by marketing concerns and clickbait.
3) Paywalls for useful information are EXPLODING because they have to. You can't pay journalists and give away their work for free forever.
4) Online advertising is VASTLY overpriced for its effectiveness, and always has been and advertisers are slowly waking up to that fact.

The Internet is only one ingredient in the frosting of the numismatic cake; it can never be the cake.

 

Oh, @baseball21? I used to be a county Election Administrator. Every few months, someone promoting online voting would come see me. "Think of the money you can save by cutting down on precinct workers." Guess what I showed them - the incredibly high number of people not only without Internet, but without the possibility of getting it. We would have no savings, just increases in costs. They stood there dumbfounded. It is actually a topography problem first of all - many many deep narrow valleys. We couldn't even provide cell phones to about 25% of precincts - no service.

Want to help? Join me in lobbying the FCC for TRUE universal access regs. Then we can talk.

By the way, I cant tell you how shocked I am to find an Internet "true believer" on the Internet. It swings both ways. Most coin club members I know won't even CONSIDER ever touching the Internet. I stand astride both worlds and shake my head over both of them.

This is Amish country. Technology is basically shunned and mistrusted here. (With the Snowden revelations, who's the fool?) There is also a VERY deep "Ortesgeist" in favor of dealing eye-to-eye and with a handshake and a cultural near fetish with the true pure auction way of buying here.

 

I'm curious, what makes you think the collector base is shrinking? For as long as I can remember, people have made that prediction, only for it never to rear its ugly head. It is similar to the prediction that rainbow toned coins are a fad and will eventually carry no price premiums whatsoever. Just another unsubstantiated prediction in my eyes.

Coin collecting is a passive hobby that requires time and discretionary income. Two things that young adults and people with children do not have. That is why the collector base is typically comprised of YNs and people over 50. I am a rare exception who has collected my entire life, but I also am unmarried and childless.

Coin collecting saw a huge boom during the Statehood Quarter program. When those children reach 50, there will be a huge supply of people who will return to the hobby of coin collecting. If you are claiming there is some temporary softness in the market, well okay, but there is no reason to think that is anything more than the cyclical nature of the market.

As for problem coins, it will depend upon the coin in question. Common Date Morgan Dollars and Classic Commemoratives with problems will always fare poorly in the market because of the large availability of uncirculated examples without problems. But key date 20th century as well as most 19th & 18th century coins with problems will hold numismatic value over intrinsic. For example, please give me your valuation of the following whizzed Barber Half Dollar.




Numismedia Wholesale AU55: $650
Numismedia Wholesale XF40: $400

 

Well under $200. I buy problem free AU Barbers often at and below $200.

 

Compared to what? The Coin Vault on TV? Your local bullion dealer who offers you below melt with his backup offer of 40% of wholesale.

But you are calling people like me who sell coins on E-Bay, scammers?

 

WRONG!

Purchased 2007: $529
Sold 2013: $533

So because you buy common date Barber Halves in AU at under $200, you think you can apply that to a better date coin that I already gave you the values from $400 in XF40 to $650 in AU55. I hope you realize that I can't even take you seriously at this point.

Problem Coins don't have to be a Problem!

 

I am sorry they limit themselves in that way

 

Have you noticed what is completely missing from this picture tweeted just this evening by the great PCGS? There is nary a sign of a computer, tablet, phone or Internet connection anywhere. Hmm. Random sculpture in the center background? Yeah. But no computing devices.

THEN go find that tweet and click on the link. It's fair to say it pretty much denigrates the Internet as a source of useful numismatic knowledge. Remember, I'm not the author, and PCGS stands by the author.

 

Dude, you are completely unhinged. In order to read a "tweet" you need a computer, tablet, or phone, and an internet connection.

 

Meanwhile, PCGS's latest product to their customers:

https://www.pcgs.com/News/new-app-new-features-for-pcgs

 

THEN go find that tweet and click on the link. It's fair to say it pretty much denigrates the Internet as a source of useful numismatic knowledge. Remember, I'm not the author, and PCGSstands by the author.

Seems PCGS knows something. This is at least a bifurcated marketplace where few people cross over.

 

I'm having trouble finding the tweet, my internet connection is acting up!

 

Now that's funny. I don't care who y'are.

 

Agreed, I'm pretty sure anyone reading this thread is laughing at you at this point.

 

The author of the piece is Ryan Moretti. I know nothing of him or what his "deal" is, but it appears he and I agree fully.

 

PCGS has fully embraced the internet and it's usefulness. They have numerous resources online for collectors to utilize. I would say you are reaching at straws trying to draw the conclusion you have but that would be insulting to people reaching for straws.

 

And you should read the stuff in my "conversations" folder from people tired of you and your rap. Many people won't take you on directly. Seems they feel you're a bully. Any truth to that?

 

Personal insults don't bother me, you telling people they are scammers for engaging in the internet market and complete lack of understanding of technology deserves to be called out for the nonsense that it is