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<p>[QUOTE="Kryptonitecomic, post: 1015370, member: 26784"]As said there are no guide values and although pricing is based solely on what someone is willing to pay...folks in the market for a number of years can get a very good feel for what coins like this are worth on the open market. The original coin that started this thread appears to me to be about a $4,000 coins based on what I have seen similar coins bring over the past 5 years. In 2005 I would estimate the coin would have been worth probably in the neighborhood of $6000 and I say that without having any sales history on the coin. I don't have $4000 to drop on the coin but if I had millions in the bank it would be a no brainer for me.</p><p><br /></p><p>I think what gets lost in these discussions is the fact that most established toned coin collectors...(those with a few years under their belt) DO NOT BUY TONERS for investment purposes. They simply see a coin that lights a fire under them and they decide they must have it and what they are comfortable spending. How much they would spend is in direction proportion to their bank account...nothing more and nothing less.</p><p><br /></p><p>I have said for many years that there is a sense of freedom for toned coin collectors (not investors) because we are not slaves to price guides. We pay what we feel like paying and we feel good about that so I have no illusions that everyone in this hobby will feel the same way or understand the price levels we are willing to climb too for that certain coin that's all there for us. What I have hoped for a number of years is that we can come to a common ground when it comes to how we spend our money. There is no reason what so ever for me to call it stupid when people collect untoned coins, or Ike dollars or shield nickels...I just wouldn't do it even if those were the very last coin I would add to my collection. I am very comfortable with people collecting what they like and if someone wants to spend $300 for a MS70 ASE....more power to them. It is for that reason that I have such a hard time when I see constant comments from educated folks talking about how crazy or stupid it is for folks to spend their money on high dollar high premium toners. I don't think the collectors shelling out these premiums are stupid in the least...I think purchasing what you like should be the most important aspect of the hobby. When you get all caught up in the pricing and investment side of the hobby then collecting ceases to be fun….you should be using disposable income and not grocery money so spending $200 on a $50 coin because it has the right color should be completely up to the individual….you know …it should be fun <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>Folks that collect untoned coins seem to pull out a price guide to figure out what they are willing to pay (I have seen it at shows hundreds of times)....folks that go after toners in a lot of cases don't even look at the grade on the label when deciding to purchase a coin....honest? It's secondary to the eye appeal and regardless of whether I have made a killing when selling coins from my collection or taken a bath.....I always felt good about my purchases and I was always sad to see the coins go.[/QUOTE]</p><p><br /></p>
[QUOTE="Kryptonitecomic, post: 1015370, member: 26784"]As said there are no guide values and although pricing is based solely on what someone is willing to pay...folks in the market for a number of years can get a very good feel for what coins like this are worth on the open market. The original coin that started this thread appears to me to be about a $4,000 coins based on what I have seen similar coins bring over the past 5 years. In 2005 I would estimate the coin would have been worth probably in the neighborhood of $6000 and I say that without having any sales history on the coin. I don't have $4000 to drop on the coin but if I had millions in the bank it would be a no brainer for me. I think what gets lost in these discussions is the fact that most established toned coin collectors...(those with a few years under their belt) DO NOT BUY TONERS for investment purposes. They simply see a coin that lights a fire under them and they decide they must have it and what they are comfortable spending. How much they would spend is in direction proportion to their bank account...nothing more and nothing less. I have said for many years that there is a sense of freedom for toned coin collectors (not investors) because we are not slaves to price guides. We pay what we feel like paying and we feel good about that so I have no illusions that everyone in this hobby will feel the same way or understand the price levels we are willing to climb too for that certain coin that's all there for us. What I have hoped for a number of years is that we can come to a common ground when it comes to how we spend our money. There is no reason what so ever for me to call it stupid when people collect untoned coins, or Ike dollars or shield nickels...I just wouldn't do it even if those were the very last coin I would add to my collection. I am very comfortable with people collecting what they like and if someone wants to spend $300 for a MS70 ASE....more power to them. It is for that reason that I have such a hard time when I see constant comments from educated folks talking about how crazy or stupid it is for folks to spend their money on high dollar high premium toners. I don't think the collectors shelling out these premiums are stupid in the least...I think purchasing what you like should be the most important aspect of the hobby. When you get all caught up in the pricing and investment side of the hobby then collecting ceases to be fun….you should be using disposable income and not grocery money so spending $200 on a $50 coin because it has the right color should be completely up to the individual….you know …it should be fun :) Folks that collect untoned coins seem to pull out a price guide to figure out what they are willing to pay (I have seen it at shows hundreds of times)....folks that go after toners in a lot of cases don't even look at the grade on the label when deciding to purchase a coin....honest? It's secondary to the eye appeal and regardless of whether I have made a killing when selling coins from my collection or taken a bath.....I always felt good about my purchases and I was always sad to see the coins go.[/QUOTE]
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