Is This Guy Nuts?!?! 2010-D Nickel, PCGS MS-68 Full Steps for $4,000?!?!

Good views and of course the perfect way to view the hobby. I would say that there are many areas of coin colelcting today where everyone IS an investor. Those are the areas I, not walk, but run away from.

 

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Please, can you name one area of coin collecting today where collectors outnumber investors?

Collectors don't ask what a coin is worth but the single most common topic on any numismatic forum is exactly that. I like to think I'm a collector but if I had a coin that I could sell for $4000 more than I paid for it, I'd have trouble not turning it into 100 $40 coins or 10 $400 nicer ones. If I found an EID MAR denarius when digging in my garden, I might even consider trading for a $4000 coin mixed in with the other junk but I doubt it would be a nickel.

 

It would depend on your definition of colelctor versus investor I would assume. I would say MS 65 morgan collectors and certain types in 65 grade. I have met a lot of "collectors" I would simply view as investors who cannot grade, do not know the history of the series, and simply buy as a diversification of their portfolio. To me, a collector know what he is collecting, can grade them properly, and buys to fulfill a collecting desire and not strictly analyze potential financial returns. A collector can be cognizant of the fact that his purchase may not be a complete waste of money, but he buys based on his desire to own the little metal disk because of its history.

Slabbing has made coin investing easier, which is fine, but people buying slabs and unable to grade themselves, not knowing history, to me is not a collector. You may disagree, which is fine.

 

Sorry Doug, I misread and thougth you were saying in no area do investors outnumber collectors. THat is what my previous post was trying to defend, that in some areas investors do outnumber collectors.

 

Its probably due to the 5,000 websites spitting out ROI's and carefully skipping over the major correction in 89 lest they scare off new money.

 

So, I don't collect US coins any more, but sometimes buy large lots just to break up and sell/hoard at cheap prices. Does this make me an investor or just an observant collector?

 

I used to think that coins were among the worst investments possible but Bernie Madoff came along and proved me wrong. If there are any ancient collectors reading this, you may be interested in the 'rare coins' section of this site:
http://www.caslon.com.au/artfundsnote6.htm

I am shocked that today there are people using the name 'Athena Fund' for their business endeavors. I'm usually pretty good at Internet research but just try to find information on Numismatic Fine Arts, Bruce McNall and, in general, the history of coin dealing before the fall. My favorite memories of my collecting life include the arrival of the latest NFA catalog. There were relatively few coins I could afford but they were great for dreaming.

 

You were lucky to be on the mailing list. I was young then and never had that kind of money. I have acquired a couple of catalogs now, and they were extremely nice coins no doubt. Say what you want about Bruce McNall, (and MANY in this hobby will), but he attracted top flight coins to his sales.

 

I will post the pic of the "so called MS68" If you guys don't think it that grade I could care less I wanted the coin, I would have paid more for it

 

:thumb:

Exactly my feelings

 

I can name plenty where collectors out number self proclaimed investors

 

This might be a very interesting photo, if it can provide a clear distinction between a 67 and a 68 . hmmm

 

Well sampson I have 3 graded 50D's and they are 65FS, 66 and a 66FS. Wanna trade yours for all 3 of mine?

 

I own two MS67's we can compare it to.

 

I can find a 67 to compare it to as well. It is one from the estate of Jack Lee .

 

now i know why i like this place

please stop talking to yourself grandpa we are in enough trouble already

 

sigh you are so right your best comment this month

 

another self comment?

but yhes coins make brilliant investments i am yet to lose money on coins. now if i was even 10 % as successful a si was when i wa sin school oe i am with my hobbies i would be king now

but wait what odes my signature say?

and my avatar?

i am confused?

any answers GD