Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
The New Investor/Collector (A Cautionary Tale)
>
Reply to Thread
Message:
<p>[QUOTE="Bonedigger, post: 330080, member: 4367"]Several years ago (last Winter Olympics 2002) my wife severely fractured her ankle while roller skating with some of her friends on an amateur Roller Derby Team, (really) LOL. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /> Anyway while at the Emergency Room she somehow happens to mention to the surgeon that I collect coins apparently while under the delirious effects of morphine. When I finally arrive I'm still muddy and smelly from helping the neighbor with his Llamas and other general country goofing off... <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /></p><p><br /></p><p>The Doctor gives me the quick 60 second diagnosis and then begins to tell me all about his growing collection of Gold $50 American Eagle Bullion AGE coins. He said he'd picked up 30 so far and was expecting another 20 that week. He simply thought coin collecting was so much fun. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /> This guy then asks me how many I have and what else I collect. (LOL, How many AGEs have I got <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /> :rolling: <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />) I told him I had only a couple of gold coins, mainly early American and International silver and copper, but only one Double Eagle, a 1904 Liberty. This guys then confidantly says "they didn't make those back then" and that "the first year these were struck was 1986." I was trying to choose my words carefully since he was going to operate on the old-lady that evening, so I tried to explain that the design of the St Gaudens was copied for the AGE design. He still didn't buy it so I said I had to go home and get cleaned up and arrange for the girls to spend the night at a friends but later that evening I would bring my 1904 to show him. -- It was soon after that I discovered it was going to cost us $2300 for a wheelchair that Jen would need when she checked out. Naturally, my insurance felt she didn't need one so I just wrote a check and decided to argue with them at a later date...</p><p><br /></p><p>About 9:00 PM Dr____ ___ comes out of the operating room and says the wife will live, walk, and skate again. After which I showed him some of my coins and this guy was truly engrossed. I brought in some Bust Coinage, Ancients, and two gold coins; a 1912 Indian and the 1904 Liberty. We talked about an hour and then the dreaded QUESTION is broached. He says, "Why aren't your coins protected in a slab" and "What are the grades..." :rolling::rolling::rolling: So, I confidently told him what I thought the grades were and my opinions of TPGs. He was impressed it seemed and wanted to know where I learned to grade, how I could remember all those numerical equivalents, etc.</p><p><br /></p><p>Now keep in mind my passionate views about these companies wasn't nearly as strong and defined as it is now, but I explained to him that my collection was simply that, a collection. Not an investment, but for personal enjoyment and the love of history. Somehow, I just don't think it registered... </p><p><br /></p><p>To this day, (he's a member of our local club too) this guy drops CRAZY money getting his coins graded and is constantly going for that coveted upgrade. It's like chasing the moon, he's got the fever... Most of us in the club just shake our heads in disbelief...</p><p><br /></p><p>Take Care</p><p>Ben[/QUOTE]</p><p><br /></p>
[QUOTE="Bonedigger, post: 330080, member: 4367"]Several years ago (last Winter Olympics 2002) my wife severely fractured her ankle while roller skating with some of her friends on an amateur Roller Derby Team, (really) LOL. :D Anyway while at the Emergency Room she somehow happens to mention to the surgeon that I collect coins apparently while under the delirious effects of morphine. When I finally arrive I'm still muddy and smelly from helping the neighbor with his Llamas and other general country goofing off... :D The Doctor gives me the quick 60 second diagnosis and then begins to tell me all about his growing collection of Gold $50 American Eagle Bullion AGE coins. He said he'd picked up 30 so far and was expecting another 20 that week. He simply thought coin collecting was so much fun. :) This guy then asks me how many I have and what else I collect. (LOL, How many AGEs have I got :D :rolling: :D) I told him I had only a couple of gold coins, mainly early American and International silver and copper, but only one Double Eagle, a 1904 Liberty. This guys then confidantly says "they didn't make those back then" and that "the first year these were struck was 1986." I was trying to choose my words carefully since he was going to operate on the old-lady that evening, so I tried to explain that the design of the St Gaudens was copied for the AGE design. He still didn't buy it so I said I had to go home and get cleaned up and arrange for the girls to spend the night at a friends but later that evening I would bring my 1904 to show him. -- It was soon after that I discovered it was going to cost us $2300 for a wheelchair that Jen would need when she checked out. Naturally, my insurance felt she didn't need one so I just wrote a check and decided to argue with them at a later date... About 9:00 PM Dr____ ___ comes out of the operating room and says the wife will live, walk, and skate again. After which I showed him some of my coins and this guy was truly engrossed. I brought in some Bust Coinage, Ancients, and two gold coins; a 1912 Indian and the 1904 Liberty. We talked about an hour and then the dreaded QUESTION is broached. He says, "Why aren't your coins protected in a slab" and "What are the grades..." :rolling::rolling::rolling: So, I confidently told him what I thought the grades were and my opinions of TPGs. He was impressed it seemed and wanted to know where I learned to grade, how I could remember all those numerical equivalents, etc. Now keep in mind my passionate views about these companies wasn't nearly as strong and defined as it is now, but I explained to him that my collection was simply that, a collection. Not an investment, but for personal enjoyment and the love of history. Somehow, I just don't think it registered... To this day, (he's a member of our local club too) this guy drops CRAZY money getting his coins graded and is constantly going for that coveted upgrade. It's like chasing the moon, he's got the fever... Most of us in the club just shake our heads in disbelief... Take Care Ben[/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
>
Bullion Investing
>
The New Investor/Collector (A Cautionary Tale)
>
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...