Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Interesting Coin & Collecting Articles in COINWEEK
>
Reply to Thread
Message:
<p>[QUOTE="GoldFinger1969, post: 7311849, member: 73489"]<b><span style="color: #0000ff">My thoughts on the Walker-Travers article:</span></b></p><p><br /></p><p>(1) I doubt 140 million were collecting State Quarters. That number seems inflated...that's half the country !!! <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie100" alt=":wideyed:" unselectable="on" unselectable="on" /></p><p><br /></p><p>(2) Travers made good points on getting the project mentality instilled in young collectors like with Whitman books and then the State Quarters program.</p><p><br /></p><p>(3) Disagree with Walker's focus on dimly-lit coin conventions trying to sell coins that cost as much as cars. The lighting and atmosphere is fine and 99.99% of the coins are not anywhere near as much as a car, even a used car. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /> And I was at the FUN 2020 show he referenced and had a BLAST !</p><p><br /></p><p><b><span style="color: #0000ff">As for Travers points on FUN and other shows:</span></b> he actually was spot on...it CAN be overwhelming (it was for me at my 1st FUN) when you go to such a huge coin show. But for most people, it won't be the first coin show they ever attended and I don't think the size or number of dealers is the problem in getting even more of the public into the shows and turning some of them into part-time and serious coin collectors.</p><p><br /></p><p>I think both guys are a bit too obsessed with the so-called "clutter" of a coin show. Advertise these shows more....explain the history behind the coins (i.e., Saints and European hoards preventing them from being melted, Morgan Dollars and The Old West, etc.)</p><p><br /></p><p>(4) Interesting comments on the profitability of generic pre-1933 gold, not only for telemarketers but for dealers. I guess this was only an option when gold was < $1,000 ounce.</p><p><br /></p><p>(5) FASCINATING QUOTE: <b><i>"There’s the question of how many coins are still out there. Some leading experts who are very familiar with overseas quantities have told me that in France, there’s well over 10 million $20 gold pieces, lower Mint State grades, some about uncirculated, but many Mint State coins, nonetheless. If you have 10 million coins, somebody even mentioned to me, there might be 15 million coins. If you have 10 million coins or eight million coins, with this type of an overhang on the market, you have mostly Saint-Gaudens Double Eagle and Liberty Head $20s, you’re going to see for the foreseeable future, very low premiums on these coins."</i></b></p><p><b><i><br /></i></b></p><p>Wow....if this is true we should be seeing more information on these mini-hoards. Are there BAGS of Saints/Liberty's coming here or are they drips-and-drabs from individuals who are dying or their heirs who inherited coins that were accumulated in the 1920's through 1950's ? Why no numbers on these overseas Saint/Liberty coins ? I've seen mention of both lately...but no guestimates for the numbers. <b><i>Imagine if a few dozen of an ultra-rare year/mintmark show up....or even a few coins in super high-grade for a common ?</i></b></p><p><b><i><br /></i></b></p><p>For me, I find it hard to believe there could be millions of pre-1933 U.S. gold coins in just one country, even in the whole of Europe. <b><span style="color: #0000ff">But Roger Burdette's Saints book did talk about theoretical survivors of the FDR coin melt as being potentially in the tens of millions </span></b>(though I think our numbers on coins destoyed is more reliable than guestimates on survivors outside the U.S.).</p><p><br /></p><p>Maybe all these coins are very sticky, hard to free up coins that come out over decades a bit at a time.</p><p><br /></p><p>(6) 2 million on the Mint's mailing list 10-15 years ago, but only 200,000 or so today ? Wow....if true.</p><p><br /></p><p>(7) <b><i>"They don’t support online publications like CoinWeek. They don’t support Coin World, Numismatic News, they don’t support our hobby, because they don’t have the funds to do it or the authority."</i></b></p><p><br /></p><p>That's ridiculous. The Mint should be able to support those publications with a few million dollars of pop-up ads and promotional articles. Idiots.<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie4" alt=":mad:" unselectable="on" unselectable="on" /></p><p><br /></p><p>(8) Lack of education of those in the hobby as per Travers was very true. I guess he means on average and not just absolute numbers (in other words, if you had alot more collectors today then the % of those who were knowledgeable might drop as the base expands).</p><p><br /></p><p>(9) I have to check out Traver's pieces on billionaires buying coins in COINage Magazine. Agree on low-priced coins and high-end both being strong...it's the coins costing $500 - $5,000 that are weak. Or as he said:</p><p><br /></p><p><b><i>"The coin buyer who has been out of the market for the last decade or more has been– everyone in between. Everyone in between the person buying $100 and the person spending $100,000 or more. So, we don’t have people buying $5,000 coins and $20,000 coins and even $3,000 coins with the same fluidity that we saw 10 or 20 years ago. That’s the market that as an industry and as a hobby, we need to cultivate to have a healthy marketplace and to bring the coin hobby, the science, and the industry back to life."</i></b></p><p><br /></p><p>(10) Comments on an "inefficient" coin market years ago are spot-on. John Pittman analogies very informative.[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 7311849, member: 73489"][B][COLOR=#0000ff]My thoughts on the Walker-Travers article:[/COLOR][/B] (1) I doubt 140 million were collecting State Quarters. That number seems inflated...that's half the country !!! :wideyed: (2) Travers made good points on getting the project mentality instilled in young collectors like with Whitman books and then the State Quarters program. (3) Disagree with Walker's focus on dimly-lit coin conventions trying to sell coins that cost as much as cars. The lighting and atmosphere is fine and 99.99% of the coins are not anywhere near as much as a car, even a used car. :D And I was at the FUN 2020 show he referenced and had a BLAST ! [B][COLOR=#0000ff]As for Travers points on FUN and other shows:[/COLOR][/B] he actually was spot on...it CAN be overwhelming (it was for me at my 1st FUN) when you go to such a huge coin show. But for most people, it won't be the first coin show they ever attended and I don't think the size or number of dealers is the problem in getting even more of the public into the shows and turning some of them into part-time and serious coin collectors. I think both guys are a bit too obsessed with the so-called "clutter" of a coin show. Advertise these shows more....explain the history behind the coins (i.e., Saints and European hoards preventing them from being melted, Morgan Dollars and The Old West, etc.) (4) Interesting comments on the profitability of generic pre-1933 gold, not only for telemarketers but for dealers. I guess this was only an option when gold was < $1,000 ounce. (5) FASCINATING QUOTE: [B][I]"There’s the question of how many coins are still out there. Some leading experts who are very familiar with overseas quantities have told me that in France, there’s well over 10 million $20 gold pieces, lower Mint State grades, some about uncirculated, but many Mint State coins, nonetheless. If you have 10 million coins, somebody even mentioned to me, there might be 15 million coins. If you have 10 million coins or eight million coins, with this type of an overhang on the market, you have mostly Saint-Gaudens Double Eagle and Liberty Head $20s, you’re going to see for the foreseeable future, very low premiums on these coins." [/I][/B] Wow....if this is true we should be seeing more information on these mini-hoards. Are there BAGS of Saints/Liberty's coming here or are they drips-and-drabs from individuals who are dying or their heirs who inherited coins that were accumulated in the 1920's through 1950's ? Why no numbers on these overseas Saint/Liberty coins ? I've seen mention of both lately...but no guestimates for the numbers. [B][I]Imagine if a few dozen of an ultra-rare year/mintmark show up....or even a few coins in super high-grade for a common ? [/I][/B] For me, I find it hard to believe there could be millions of pre-1933 U.S. gold coins in just one country, even in the whole of Europe. [B][COLOR=#0000ff]But Roger Burdette's Saints book did talk about theoretical survivors of the FDR coin melt as being potentially in the tens of millions [/COLOR][/B](though I think our numbers on coins destoyed is more reliable than guestimates on survivors outside the U.S.). Maybe all these coins are very sticky, hard to free up coins that come out over decades a bit at a time. (6) 2 million on the Mint's mailing list 10-15 years ago, but only 200,000 or so today ? Wow....if true. (7) [B][I]"They don’t support online publications like CoinWeek. They don’t support Coin World, Numismatic News, they don’t support our hobby, because they don’t have the funds to do it or the authority."[/I][/B] That's ridiculous. The Mint should be able to support those publications with a few million dollars of pop-up ads and promotional articles. Idiots.:mad: (8) Lack of education of those in the hobby as per Travers was very true. I guess he means on average and not just absolute numbers (in other words, if you had alot more collectors today then the % of those who were knowledgeable might drop as the base expands). (9) I have to check out Traver's pieces on billionaires buying coins in COINage Magazine. Agree on low-priced coins and high-end both being strong...it's the coins costing $500 - $5,000 that are weak. Or as he said: [B][I]"The coin buyer who has been out of the market for the last decade or more has been– everyone in between. Everyone in between the person buying $100 and the person spending $100,000 or more. So, we don’t have people buying $5,000 coins and $20,000 coins and even $3,000 coins with the same fluidity that we saw 10 or 20 years ago. That’s the market that as an industry and as a hobby, we need to cultivate to have a healthy marketplace and to bring the coin hobby, the science, and the industry back to life."[/I][/B] (10) Comments on an "inefficient" coin market years ago are spot-on. John Pittman analogies very informative.[/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
>
Coin Forums
>
Coin Chat
>
Interesting Coin & Collecting Articles in COINWEEK
>
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...