God i wish i were rich !

Started by accumulator, September 02, 2013, 02:44:03 PM

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accumulator

I've just been looking at Numis Bid :drooling::drooling:
RD designated coins are skyrocketing.

trout

If I didn't collect coins I probably would be rich :laugh2:
Yes Numis bid has some CRACKER coins :ok:
Aim well to enjoy life. You only get One shot at it.
Illegitimi non carborundum

r9453

Yeah me too.

Quote from: 'trout' pid='26737' dateline='1378100248'If I didn't collect coins I probably would be rich :laugh2:

I wasn't rich when I didn't collect coins, so no change there. :dance:
Two Bob coin collector.

lacey

Quote from: 'accumulator' pid='26734' dateline='1378098843'I've just been looking at Numis Bid :drooling::drooling:
RD designated coins are skyrocketing.

Nah, I am happy like I am.

keldaw

sorry , but i am not rich , but I would give all I have if I could get my health back ..     ,, kel ,,
take care because we care ..

ausjack

A wise person knows there is something to learn from everyone.

Fr45h3R

Quote from: 'accumulator' pid='26734' dateline='1378098843'I've just been looking at Numis Bid :drooling::drooling:
RD designated coins are skyrocketing.

Fair enough for coins that are the top of the population. But some more common coins are starting to get there too. The 1959 Halfpenny MS65RD can't be worth $300+ surely where MS66's exist...

wwwww

Quote from: 'Fr45h3R' pid='26783' dateline='1378117657'
Quote from: 'accumulator' pid='26734' dateline='1378098843'I've just been looking at Numis Bid :drooling::drooling:
RD designated coins are skyrocketing.

Fair enough for coins that are the top of the population. But some more common coins are starting to get there too. The 1959 Halfpenny MS65RD can't be worth $300+ surely where MS66's exist...

Well the last MS66RD sold for $2700 - the top grade coins have pushed well beyond the average collector's budget so collectors are starting to see the value in the second finest: for one ninth of the price of an MS66RD one could obtain an example which is really only slightly worse than the MS66RD. I think that's good value.

dcoin

According to the latest numisbid auction description the majority of lots in next weeks auction were assembled by a collector with an eye for quality and red copper at that and I think the prices show that full red or mainly red pre-decimal copper isn't always the easiest thing to find.

I also saw that next months auction has some amazing copper and silver pre-decimal proofs, the quality of which don't turn up all the time and I think that's why prices are strong as the quality on numisbid is there with the certainty of PCGS grading behind it. Having said that $15k (you could buy a reasonable car for that) for a 1942 halfpenny in MS65BN is pure lunacy in my mind but that's just me.

trout

QuoteI also saw that next months auction has some amazing copper and silver pre-decimal proofs, the quality of which don't turn up all the time and I think that's why prices are strong as the quality on numisbid is there with the certainty of PCGS grading behind it. Having said that $15k (you could buy a reasonable car for that) for a 1942 halfpenny in MS65BN is pure lunacy in my mind but that's just me.
With the slabbed coins taking a strong foothold with the "Investor " part of the coin market you will see a lot of crazy prices for coins until the dinkum collectors start getting on the bandwagon and flood the market with high quality coins that they get slabbed when they liquidate their collections for whatever reason :ok:
I am absolutely certain that there are a mass of coins in fantastic grades out there in personal collections that WILL eventually get to go to the "Plastic Factory: that will eclipse the grades on the PCGS and NGC registry in the years to come.
My hope is the collectors do the slabbing and get the benefit   instead of some dealer paying cents in the dollar :ok:
As much as I hate slobbed coins It is the only way to get a decent return for a coin because you are not only selling to a collector base there is an investor base there as well .
Having said all this , there is NO value in sending a $5 value coin on a 4 month trip costing between $30 and $50 per coin, It just isn't worth your while :ok:
At the moment I am cracking slabs because that is just the way I want to collect.
At the end of My days I will get my High value coins slobbed so that the Missus ( that god bless her cotton sox has let me do what I like when buying coins) gets the maximum value for my indulgence :dance:
Aim well to enjoy life. You only get One shot at it.
Illegitimi non carborundum

Fr45h3R

Quote from: 'wwwww' pid='26788' dateline='1378119909'Well the last MS66RD sold for $2700 - the top grade coins have pushed well beyond the average collector's budget so collectors are starting to see the value in the second finest: for one ninth of the price of an MS66RD one could obtain an example which is really only slightly worse than the MS66RD. I think that's good value.

It just boggles the mind. I'll have to settle for 3rd finest then.

QuoteI am absolutely certain that there are a mass of coins in fantastic grades out there in personal collections that WILL eventually get to go to the "Plastic Factory: that will eclipse the grades on the PCGS and NGC registry in the years to come.

I wouldn't go as far as saying they will eclipse the grades, but yes there may be some high grade coins out there. Some may get close, and some may be finer.
In saying that I have also seen a lot of lower MS coins both PCGS and NGC graded, as well as numerous AU58's and details grades showing up on eBay.
These were probably sent by collectors who signed up to use the grading services themselves.
It certainly can be rude shock when the grades come in after 3 months, especially when they've payed around $40 a coin for the priviledge, and have probably paid top dollar to purchase the "Choice UNC" or "Gem UNC" coin to start with.

markn

Quote from: 'Fr45h3R' pid='26809' dateline='1378126610'In saying that I have also seen a lot of lower MS coins both PCGS and NGC graded, as well as numerous AU58's and details grades showing up on eBay.
These were probably sent by collectors who signed up to use the grading services themselves.
It certainly can be rude shock when the grades come in after 3 months, especially when they've payed around $40 a coin for the priviledge, and have probably paid top dollar to purchase the "Choice UNC" or "Gem UNC" coin to start with.

How true this is.  So many collectors are going to be horrified when their "UNC" coins turn out to be anything but.
Founder: Australian Coin Forum
The Australian Coin Collecting Blog

ausjack

No fair no fair, Marks given him self extra posts counts..just havin a go mate it's all good :laugh2:
A wise person knows there is something to learn from everyone.

Robster

You have a habit of speaking "Common Sense" Trout.!! I salute you.!!!
\"Everything in moderation, including moderation\".

purplepennyhunter

Quote from: 'ausjack' pid='26825' dateline='1378161498'No fair no fair, Marks given him self extra posts counts..just havin a go mate it's all good :laugh2:

He didn't even know he did it!! I deteted the duplicate.
Co-Founder Australian Coin Forum