FA: 1955/55 DDO Lincoln Cent PCGS MS-64 RD Oly..this one's for YOU

"oly" wrote in message
ups.com...
On Jul 5, 9:01 pm, oly wrote:
On Jul 5, 8:50 pm, "Bruce Remick" wrote:





"oly" wrote in message

ups.com...

On Jul 5, 7:06 pm, "Bruce Remick" wrote:
"oly" wrote in message

oups.com...

On Jul 5, 6:40 am, "Bruce Remick" wrote:
"oly" wrote in message

I've been very fortunate in life and at age 48, the knocks have
been
very few.

Of course, a person can avoid a lot of knocks by being sensible.
Buying a Lincoln Cent for $13,400 is not sensible.

To you perhaps. To others, it is. With most collectible hobbies
an
outsider might say that the prices paid for certain items are not
sensible--
except to the person who wanted a particular item badly enough. I
don't
see
how you can say that $13,400 is not sensible, while at the same time
you
seem to have no problem accepting the sense of someone paying $1,500
for
that same "recent" Lincoln Cent. Everything's relative. Condition,
eye
appeal, value. Everything.

Bruce

The way I see it, $1,500 is just more of an acceptable loss than a
loss of $13,400.

I said "IF you must have a 1955 double die Lincoln..."

Both purchases of so little (a single cent) for so much (the
equivalent) 500 gallons of gasoline, dozens of sacks of groceries)
are
really candidates for the theatre of the absurd.

Sort of like someone paying $5,000 for that old squished penny or a
Charles
II five guineas, instead of buying sacks of groceries? If you find
paying
$13K for a certain scarce high grade Lincoln Cent to be unbelievable,
you
must either be new to the hobby or you live in the past.

Bruce- Hide quoted text -

- Show quoted text -

I believe that people pay absurd prices for some things; I also
believe that, soon enough, they will rue the day they were so stupid.

oly- Hide quoted text -

- Show quoted text -

Also, the Charles II five guineas is a real coin. From its birth, it
was a uncontested treasure for kings, nobles, merchants, bankers and
commoners. Any Charles II five guineas may well have survived the
Plague of 1665, The Great Fire of London, The Popish Plot, The
Glorious Revolution, The Wars in Ireland, The Great Recoinage, The
Jacobite Rebellions, the Napoleonic Era, The Industrial Revolution,
The First and Second World Wars and the depredations of the Socialist
Governments from 1946. Such is the glorious history of a five guineas
of a certain age.

If there were albums with a hole for this coin, maybe more people would be
care about it . No doubt it's an attractive coin, but I have never seen
one, and at most, it would simply belong on a list of hundreds of similar
coins I would enjoy owning


A 1955 double die Lincoln Cent is a kind of crippled from birth - an
aborted, mishapen diddle-E-squat; from the beginning it was a the
shill of promoters and quick buck artists.

Obviously, you never bothered looking into the history of the coin you go
into such detail ridiculing. I was collecting when it was struck and found
two nice ones in circulation when they were still pretty much novelties. I
have no recollection of any shills or quick buck artists. (Although these
types did surface later hyping the "1955 Poorman's double die" ) And I
could sell either of mine for a couple grand whenever I chose to. Once the
variety became accepted and listed in the Redbook and included in albums, it
became a highly sought after modern rarity. You already noticed the prices
collectors will pay for a nice one. Nothing says that it is a coin for
every collector, but there are enough serious Lincoln collectors out there
to keep its value intact.

Today it is a great thing to sell; a questionable
thing to buy.

Doesn't it take two to tango? If it's a questionable thing to buy, it
should be because it's NOT easy to sell. If it's a great thing to sell, it
must be because there are always eager buyers.

Bruce

On Thu, 5 Jul 2007 22:17:48 -0400, "Bruce Remick"
wrote:

I believe that people pay absurd prices for some things; I also
believe that, soon enough, they will rue the day they were so stupid.


Can you cite some examples from the recent past?


Dot com investors.


--


Tony Cooper
Orlando, FL

On Jul 5, 9:50 pm, "Bruce Remick" wrote:
"oly" wrote in message

ups.com...





On Jul 5, 9:01 pm, oly wrote:
On Jul 5, 8:50 pm, "Bruce Remick" wrote:

"oly" wrote in message

ups.com...

On Jul 5, 7:06 pm, "Bruce Remick" wrote:
"oly" wrote in message

oups.com...

On Jul 5, 6:40 am, "Bruce Remick" wrote:
"oly" wrote in message

I've been very fortunate in life and at age 48, the knocks have
been
very few.

Of course, a person can avoid a lot of knocks by being sensible.
Buying a Lincoln Cent for $13,400 is not sensible.

To you perhaps. To others, it is. With most collectible hobbies
an
outsider might say that the prices paid for certain items are not
sensible--
except to the person who wanted a particular item badly enough. I
don't
see
how you can say that $13,400 is not sensible, while at the same time
you
seem to have no problem accepting the sense of someone paying $1,500
for
that same "recent" Lincoln Cent. Everything's relative. Condition,
eye
appeal, value. Everything.

Bruce

The way I see it, $1,500 is just more of an acceptable loss than a
loss of $13,400.

I said "IF you must have a 1955 double die Lincoln..."

Both purchases of so little (a single cent) for so much (the
equivalent) 500 gallons of gasoline, dozens of sacks of groceries)
are
really candidates for the theatre of the absurd.

Sort of like someone paying $5,000 for that old squished penny or a
Charles
II five guineas, instead of buying sacks of groceries? If you find
paying
$13K for a certain scarce high grade Lincoln Cent to be unbelievable,
you
must either be new to the hobby or you live in the past.

Bruce- Hide quoted text -

- Show quoted text -

I believe that people pay absurd prices for some things; I also
believe that, soon enough, they will rue the day they were so stupid.

oly- Hide quoted text -

- Show quoted text -

Also, the Charles II five guineas is a real coin. From its birth, it
was a uncontested treasure for kings, nobles, merchants, bankers and
commoners. Any Charles II five guineas may well have survived the
Plague of 1665, The Great Fire of London, The Popish Plot, The
Glorious Revolution, The Wars in Ireland, The Great Recoinage, The
Jacobite Rebellions, the Napoleonic Era, The Industrial Revolution,
The First and Second World Wars and the depredations of the Socialist
Governments from 1946. Such is the glorious history of a five guineas
of a certain age.

If there were albums with a hole for this coin, maybe more people would be
care about it . No doubt it's an attractive coin, but I have never seen
one, and at most, it would simply belong on a list of hundreds of similar
coins I would enjoy owning



A 1955 double die Lincoln Cent is a kind of crippled from birth - an
aborted, mishapen diddle-E-squat; from the beginning it was a the
shill of promoters and quick buck artists.

Obviously, you never bothered looking into the history of the coin you go
into such detail ridiculing. I was collecting when it was struck and found
two nice ones in circulation when they were still pretty much novelties. I
have no recollection of any shills or quick buck artists. (Although these
types did surface later hyping the "1955 Poorman's double die" ) And I
could sell either of mine for a couple grand whenever I chose to. Once the
variety became accepted and listed in the Redbook and included in albums, it
became a highly sought after modern rarity. You already noticed the prices
collectors will pay for a nice one. Nothing says that it is a coin for
every collector, but there are enough serious Lincoln collectors out there
to keep its value intact.

Today it is a great thing to sell; a questionable

thing to buy.

Doesn't it take two to tango? If it's a questionable thing to buy, it
should be because it's NOT easy to sell. If it's a great thing to sell, it
must be because there are always eager buyers.

Bruce- Hide quoted text -

- Show quoted text -

Cheeses, common stocks, collectibles, and many other assets can all
hit a high point and then suddenly fall from great heights. Could I
interest you in some ENRON shares, Bruce? Or an very overripe
Stilton?

On the day back in March 2000 when the primary NASDAQ hit an intraday
high of 5,300, there was EXACTLY one seller for every buyer. Today
the NASDAQ is only about 2,500, and that is a recovery from a low of
1,300 about the year 2003. Those sellers in March 2000 did pretty
well.

Assets classes often hit highs, then their market suddenly collapse
(and this action is always unexpected for true believers) and then it
takes a generation or more to come back (if it every comes back).

Not much of a student of economic history, eh?

oly

On Thu, 05 Jul 2007 19:35:48 -0700, oly wrote:

Right. Send my daughter to school with the coloreds,

Prior to this post, I felt that you might be an interesting person and
a worthwhile contributor to RCC if you'd get off this Ira thing.

But this post sealed it. You have no redeeming social value.


--


Tony Cooper
Orlando, FL

On Jul 5, 7:01 am, "PC" wrote:
"oly" wrote in message

oups.com...



The Lord God Ira-WEH doesn't sell "i" coins.

Hey oly, you are entitled to express your opinions, but I would appreciate
it if we could avoid even wandering near the line of expressing racism or
bigotry. The use of Ira-WEH makes me feel you are making allegations about
Ira being Jewish as if that is something shameful and I just don't feel that
is prudent. I hope you consider my thoughts on avoiding this line of
verbiage.

In an already tiresome and inane thread, you've managed to add
absurdity to it.

On Jul 5, 10:04 pm, tony cooper wrote:
On Thu, 05 Jul 2007 19:35:48 -0700, oly wrote:
Right. Send my daughter to school with the coloreds,

Prior to this post, I felt that you might be an interesting person and
a worthwhile contributor to RCC if you'd get off this Ira thing.

But this post sealed it. You have no redeeming social value.

--

Tony Cooper
Orlando, FL

Oooh. No redeeming social value. Bothers me a lot.

oly

On Jul 5, 11:04 pm, tony cooper wrote:
On Thu, 05 Jul 2007 19:35:48 -0700, oly wrote:
Right. Send my daughter to school with the coloreds,

Prior to this post, I felt that you might be an interesting person and
a worthwhile contributor to RCC if you'd get off this Ira thing.


Prior to this post, I felt you were a self-important blowhard.
Wait... I still think that!

On Jul 5, 10:13 pm, "Mr. E." wrote:
On Jul 5, 11:04 pm, tony cooper wrote:

On Thu, 05 Jul 2007 19:35:48 -0700, oly wrote:
Right. Send my daughter to school with the coloreds,

Prior to this post, I felt that you might be an interesting person and
a worthwhile contributor to RCC if you'd get off this Ira thing.

Prior to this post, I felt you were a self-important blowhard.
Wait... I still think that!

Bruce was being a bit over the top with his sarcasm, and I went a bit
over the top with my response.

Actually, my daughter's school gives out some scholarships to some
tokens and some genuine Korea Korean Christians too.

But thanks for the compliment!

oly

On Jul 5, 11:19 pm, oly wrote:
On Jul 5, 10:13 pm, "Mr. E." wrote:

On Jul 5, 11:04 pm, tony cooper wrote:

On Thu, 05 Jul 2007 19:35:48 -0700, oly wrote:
Right. Send my daughter to school with the coloreds,

Prior to this post, I felt that you might be an interesting person and
a worthwhile contributor to RCC if you'd get off this Ira thing.

Prior to this post, I felt you were a self-important blowhard.
Wait... I still think that!

Bruce was being a bit over the top with his sarcasm, and I went a bit
over the top with my response.

Actually, my daughter's school gives out some scholarships to some
tokens and some genuine Korea Korean Christians too.

But thanks for the compliment!

Hey ****-for-brains - if you had 2 IQ points to rub together, you'd
realize my post wasn't directed at you.

On Thu, 5 Jul 2007 07:53:11 -0500, Mr. Jaggers lugburzman wrote:

"note.boy" wrote in message
...

OLY IS A TROLL. DO NOT FEED THE TROLL. THANK YOU.
You would think that people would know better.

I noticed your previous post, but I do not concur that Oly is a troll. He
has strong opinions that not everyone agrees with. His choice of vocabulary
and his method of presentation may offend some as well. You will note that
I could be describing myself here.

Yet, your primary goal is not to, pardon, stir **** here. Oly doesn't
seem to contribute anything positive at all, just wants to get people
stirred up to respond. That's what a troll _is_. Disagreeing with
someone is one thing and to be expected. Posting messages specifically
crafted to, sorry, make people dance for him, is what Oly is doing, and
you're dancing. He's not worth the effort.