Numismatics 101

Discussion in 'Coin Chat' started by Mike Drop, Nov 12, 2017.

  1. PennyGuy

    PennyGuy US and CDN Copper

    Beginner: NEVER buy coins from TV shopping channels.

    Beginner: Dont be afraid to “Avoid future regret” by avoiding an impulse purchase.
     
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  3. green18

    green18 Unknown member Sweet on Commemorative Coins

    Wisdom most formidable from my good friend William (Bill).......:)
     
  4. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    You've got to get to know Ken. He has a dry sense of humor and a penchant for good bourbon.

    Chris
     
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  5. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    Doug ate it all!

    Chris
     
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  6. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    They like to munch on it while they watch "Days of Our Lives" unfolding on CT.

    Chris
     
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  7. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    The guy with the bag on his head!

    Chris
     
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  8. Santinidollar

    Santinidollar Supporter! Supporter

    You’ll never hear me putting down youth. At my age, I would take some of it.
     
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  9. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    I don't need anything in writing. I'll take your word for it. It's just that we sometimes find people looking for answers just so they can fill their own pockets. They don't want to take the time to do their own research.

    >Use a flat-cinch stapler to avoid staple scratches on coins.

    Chris
     
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  10. Santinidollar

    Santinidollar Supporter! Supporter

    Here’s some advice:

    — Have a collecting plan with a budget you can afford. Stick to the plan. Stick to the budget. Then, have fun!
     
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  11. desertgem

    desertgem Senior Errer Collecktor Supporter

    For those who don't know, the 2 flaps of a cardboard coin hold are called flat-cinches as opposed to raised-cinches one finds on slabs. J/K :)
     
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  12. Beefer518

    Beefer518 Well-Known Member

    Some options to Chris's sage advice -


    Beginner - Put the coin in the flip "upside down", like in the attached image, or store your 2x2 flips upside down. So even if you don't have a flat-cinch stapler, or a pair of pliers to crimp the staples (carefully), the 'middle' staple never goes across the face of the coin in front or behind.

    IMG_8918 (Custom).JPG
     
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  13. longnine009

    longnine009 Darwin has to eat too. Supporter

    Don't live someone else's life; collect what *you* want.

    In case you're wondering about the grasshopper comment, Grasshopper was a martial arts student in the TV series Kung Fu.

    [​IMG]

    Good luck.
     
    Last edited: Nov 13, 2017
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  14. Rick Stachowski

    Rick Stachowski Motor City Car Capital

    upload_2017-11-13_2-19-48.jpeg
     
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  15. Rick Stachowski

    Rick Stachowski Motor City Car Capital

    Who owns the best two cent pieces, I've ever seen ..
     
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  16. Robert Paul

    Robert Paul Active Member

    In my 40 Years of collecting and I never thought of this or noticed any 2x2 stapled this way. I will from now on staple them this way!
    Thanks
    Even a old dog can learn a new trick.
     
  17. Rick Stachowski

    Rick Stachowski Motor City Car Capital

  18. Mike Drop

    Mike Drop Active Member

    Alright, Thank you
     
  19. Mike Drop

    Mike Drop Active Member

    What are you jealous about and what do I have no clue about?
     
  20. Kasia

    Kasia Got my learning hat on

    Only spend money to get your coins graded (slabbed) if you are already pretty proficient at grading the coin and because you want to be able to sell it easily, where doing so graded by a major tpg makes the grade visible and not open too much to being suspect, or it is something that the difference between a grade is sufficient to possibly get the higher one assigned by a tpg and the value between both is somewhat large. But especially for beginners, do not send to a tpg other than PCGS, NGC, or ANACS. There are too many junk tpgs whose grading/slabbing is not going to be worthwhile either for the $$$ spent to do so or for reselling them, as their grades are sometimes considered worthless. Always consider that any money you spend in getting a coin slabbed is to be discounted off the price you get for the coin when it is sold... And you have other costs, too... such as postage and insurance on these. And for many tpgs there is a minimum number of coins to be graded requirement. Should you come across a hugely valued coin that needs to be graded, make sure it cannot be held properly outside of a slab for the time it takes to get more coins to go with it to grade. If it is truly unusual (very rare), then consider finding a trusted dealer to put it in with their next order; that is a good step if only because a great dealer will know if it is truly worth doing that way anyways. Many times that might save you from spending unnecessary money on things.

    To get proficient at grading, buy a good picture book of grading and start developing your eye to the coins they show.
     
  21. Mike Drop

    Mike Drop Active Member

    I'd love to use that in my compilation but can I get that in a single sentence?
     
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