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What is your opinion on coin / medallic / token covers?



 
 
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  #11  
Old February 10th 12, 01:08 PM posted to rec.collecting.coins
oly
external usenet poster
 
Posts: 3,111
Default What is your opinion on coin / medallic / token covers?

On Feb 10, 1:34*am, Toke Nørby wrote:
Jud wrote:

..snip

Being the obsessive/compulsive type of 'complete collection'
collector, I admit to having purchased some PNC's from Australia as it
was the ONLY way to obtain a certain coin. Since I did that a few
times, and the RAM has come out with a plethora of NCLT coins, I have
discontinued my mania and now only collect coins that circulate.


Thanks Jud - what does RAM and NCLT mean? - I guess that the last
means Never Circulated ?? (I'm a stamp collector- so just curious!).
Seems to be a business only trying to empty your pocket. Stamp
collectors have also obstructed to countries issuing stamps of high
and un-usefull face values - even this don't happen so often any more.
In old days FIP (our world organization) made lists of "unwanted
stamps" meaning that such stamps were not to be included in exhibits.
Mvh
Toke
--

Læs om "Skivearket" og "Skibsgrisens Flugt"
eller om Klasselotteriets inspektører 1753-2010:http://norbyhus.dk/


RAM means "Royal Australian Mint" and NCLT means "non-circulating
legal tender" (i.e., collectors-only coin issues which never end up in
people's pockets actually being used as money).

There are no living stamp collectors remaining here in America. They
all committed suicide many years ago when the stupidity of their hobby
(finally) became apparent and they realized that they had lost over
85% of their invested money.

Collect gold and silver coins.

oly
Ads
  #12  
Old February 10th 12, 02:57 PM posted to rec.collecting.coins
Bremick
external usenet poster
 
Posts: 641
Default What is your opinion on coin / medallic / token covers?


"oly" wrote in message
...
On Feb 10, 1:34 am, Toke Nørby wrote:
Jud wrote:

..snip

Being the obsessive/compulsive type of 'complete collection'
collector, I admit to having purchased some PNC's from Australia as it
was the ONLY way to obtain a certain coin. Since I did that a few
times, and the RAM has come out with a plethora of NCLT coins, I have
discontinued my mania and now only collect coins that circulate.


Thanks Jud - what does RAM and NCLT mean? - I guess that the last
means Never Circulated ?? (I'm a stamp collector- so just curious!).
Seems to be a business only trying to empty your pocket. Stamp
collectors have also obstructed to countries issuing stamps of high
and un-usefull face values - even this don't happen so often any more.
In old days FIP (our world organization) made lists of "unwanted
stamps" meaning that such stamps were not to be included in exhibits.
Mvh
Toke
--

Læs om "Skivearket" og "Skibsgrisens Flugt"
eller om Klasselotteriets inspektører 1753-2010:http://norbyhus.dk/


RAM means "Royal Australian Mint" and NCLT means "non-circulating
legal tender" (i.e., collectors-only coin issues which never end up in
people's pockets actually being used as money).

There are no living stamp collectors remaining here in America. They
all committed suicide many years ago when the stupidity of their hobby
(finally) became apparent and they realized that they had lost over
85% of their invested money.

Collect gold and silver coins.

oly
------------------

Actually, I know of one local stamp collector who bundles 50-count
assortments of First Day Covers he saved from the 1940's and 50's and trades
a bundle for a cup of coffee at Starbucks. One day he'll run out of those
FDC's and he'll have to drink instant coffee. Or maybe he can get face
value somewhere for his blocks of four, or he can use them on envelopes
before the post office goes out of business.

When I inherited my father's thick US stamp album, his hobby from about 1915
through 1930, I asked a dealer if there were any valuable stamps in there.
He said no, that the stamps (from the 1860's on forward!) were cancelled and
had been hinged. Well, excuuuuuse ME!! Imagine taking an inherited album
of large cents to a coin dealer and being told it is too bad that the coins
were circulated?





  #13  
Old February 10th 12, 04:03 PM posted to rec.collecting.coins
oly
external usenet poster
 
Posts: 3,111
Default What is your opinion on coin / medallic / token covers?

On Feb 10, 7:57*am, "Bremick" wrote:
"oly" wrote in message

...
On Feb 10, 1:34 am, Toke Nørby wrote:





Jud wrote:


..snip


Being the obsessive/compulsive type of 'complete collection'
collector, I admit to having purchased some PNC's from Australia as it
was the ONLY way to obtain a certain coin. Since I did that a few
times, and the RAM has come out with a plethora of NCLT coins, I have
discontinued my mania and now only collect coins that circulate.


Thanks Jud - what does RAM and NCLT mean? - I guess that the last
means Never Circulated ?? (I'm a stamp collector- so just curious!).
Seems to be a business only trying to empty your pocket. Stamp
collectors have also obstructed to countries issuing stamps of high
and un-usefull face values - even this don't happen so often any more.
In old days FIP (our world organization) made lists of "unwanted
stamps" meaning that such stamps were not to be included in exhibits.
Mvh
Toke
--

Læs om "Skivearket" og "Skibsgrisens Flugt"
eller om Klasselotteriets inspektører 1753-2010:http://norbyhus.dk/


RAM means "Royal Australian Mint" and NCLT means "non-circulating
legal tender" (i.e., collectors-only coin issues which never end up in
people's pockets actually being used as money).

There are no living stamp collectors remaining here in America. *They
all committed suicide many years ago when the stupidity of their hobby
(finally) became apparent and they realized that they had lost over
85% of their invested money.

Collect gold and silver coins.

oly
------------------

Actually, I know of one local stamp collector who bundles 50-count
assortments of First Day Covers he saved from the 1940's and 50's and trades
a bundle for a cup of coffee at Starbucks. *One day he'll run out of those
FDC's and he'll have to drink instant coffee. *Or maybe he can get face
value somewhere for his blocks of four, or he can use them on envelopes
before the post office goes out of business.

When I inherited my father's thick US stamp album, his hobby from about 1915
through 1930, I asked a dealer if there were any valuable stamps in there..
He said no, that the stamps (from the 1860's on forward!) were cancelled and
had been hinged. *Well, excuuuuuse ME!! * *Imagine taking an inherited album
of large cents to a coin dealer and being told it is too bad that the coins
were circulated?- Hide quoted text -

- Show quoted text -


Well let me be a name dropper here. There were a couple of summers
back in the early 1990s when I could count on seeing the great Clyde
Hubbard, Dean of Mexican numismatists, at the ANA Summer Seminar in
Colorado Springs. Some kids on the Colorado College campus asked
Clyde if he would act in a short film they were shooting, an
adaptation of Ernest Hemingway's short story "A Clean, Well-Lighted
Place". Clyde was to play the old man sitting in the cafe in the
story. The kids shot the film outside the college cafeteria about 11
PM at night, and I tagged along as Clyde's security.

To make a long story short, for filming purposes, the kids simply
asked Clyde to set at a cafe table and to look very very sad. Clyde
looked at me and said "Looking very very sad is easy. I just sit
there and think of all the poor old stamp collectors."

In the same filming session, Clyde told the kids that he had briefly
worked in the theatre in Baltimore about 1932 and he had known Scott
Fitzgerald at that time.

oly
  #14  
Old February 10th 12, 10:13 PM posted to rec.collecting.coins
Toke Nørby
external usenet poster
 
Posts: 115
Default What is your opinion on coin / medallic / token covers?

oly wrote:

....snip

RAM means "Royal Australian Mint" and NCLT means "non-circulating
legal tender" (i.e., collectors-only coin issues which never end up in
people's pockets actually being used as money).


Thanks!

There are no living stamp collectors remaining here in America. They
all committed suicide many years ago when the stupidity of their hobby
(finally) became apparent and they realized that they had lost over
85% of their invested money.


:-)
Well, I think that some may have survived. Depending on what you
collect some stamps are still very expensive even the tendency is that
the prices are decreasing.

Collect gold and silver coins.


Oh yes, and isn't funny - these strange coin/token covers are getting
more and more expensive because of the silver so they will be worth
collecting now!.

I have never _invested_ my money in stamps - I have bought some nice
stamps and am still happy with them - I don't think of the actual
value at all. I don't have a Krügerrand but if I had I would probably
sell if and buy some stamps and postpone my own suicide ;-)

Mvh
Toke
--

Læs om "Skivearket" og "Skibsgrisens Flugt"
eller om Klasselotteriets inspektører 1753-2010:
http://norbyhus.dk/
  #15  
Old February 11th 12, 06:43 PM posted to rec.collecting.coins
oly
external usenet poster
 
Posts: 3,111
Default What is your opinion on coin / medallic / token covers?

On Feb 10, 3:13*pm, Toke Nørby wrote:
oly wrote:

...snip



RAM means "Royal Australian Mint" and NCLT means "non-circulating
legal tender" (i.e., collectors-only coin issues which never end up in
people's pockets actually being used as money).


Thanks!

There are no living stamp collectors remaining here in America. *They
all committed suicide many years ago when the stupidity of their hobby
(finally) became apparent and they realized that they had lost over
85% of their invested money.


:-)
Well, I think that some may have survived. Depending on what you
collect some stamps are still very expensive even the tendency is that
the prices are decreasing.

Collect gold and silver coins.


Oh yes, and isn't funny - these strange coin/token covers are getting
more and more expensive because of the silver so they will be worth
collecting now!.

I have never _invested_ my money in stamps - I have bought some nice
stamps and am still happy with them - I don't think of the actual
value at all. I don't have a Krügerrand but if I had I would probably
sell if and buy some stamps and postpone my own suicide ;-)

Mvh
Toke
--

Læs om "Skivearket" og "Skibsgrisens Flugt"
eller om Klasselotteriets inspektører 1753-2010:http://norbyhus.dk/


Proof that stamp collecting is dead???

When I go to the Super Walmart on South Sixth Street here in the
Patch, they sell three monthly magazines about coin collecting.

They also have for sale three magazines about "Stamps".

All three are about using rubber stamps to make decorative greeting
cards and other related paraphernalia to make small decorative
papers. In other words, "craft" magazines. NO PHILATELY.

Nobody collects stamps anymore.

Collect coins, historic or modern, and make certain that most of your
purchases have some gold or silver in them too.

oly
  #16  
Old February 12th 12, 12:17 PM posted to rec.collecting.coins
Toke Nørby
external usenet poster
 
Posts: 115
Default What is your opinion on coin / medallic / token covers?

oly wrote:

Proof that stamp collecting is dead???

When I go to the Super Walmart on South Sixth Street here in the
Patch, they sell three monthly magazines about coin collecting.

They also have for sale three magazines about "Stamps".

All three are about using rubber stamps to make decorative greeting
cards and other related paraphernalia to make small decorative
papers. In other words, "craft" magazines. NO PHILATELY.


I agree - nor in Denmark (where I live) we can buy philatelic
magazines at the super marked. But I am a member of four different
stamp clubs (one in the US) and I get magazines from all three :-)

Nobody collects stamps anymore.


At least there is one left! (me) - and could I just buy all these
stamps of "no value" because of gone stamp collectors - that would
really be fun!

Collect coins, historic or modern, and make certain that most of your
purchases have some gold or silver in them too.


I agree that coins are very attractive (too) and that it is important
for your investment that they contains some better metal. (But I stick
to my stamps!)

Mvh
Toke
--

Læs om "Skivearket" og "Skibsgrisens Flugt"
eller om Klasselotteriets inspektører 1753-2010:
http://norbyhus.dk/
  #17  
Old February 13th 12, 01:44 AM posted to rec.collecting.coins
Jud
external usenet poster
 
Posts: 1,215
Default What is your opinion on coin / medallic / token covers?

There once was a time when stamps were very collectible, but the US
government came out with too many issues in a year (hear that US
Mint?), values and interest in the hobby went down. If I had shown any
interest in stamps I could have come into 2 large collections from my
grandparents. Both my mother's father, and my father's mother were
presidents of a local coin club at different times. My father
collected First Day Covers. After he died my stepmother went to sell
the collection and wasn't even offered face value! These FDC's went
back to the 1920's. My grandparent's stamp collections were sold for
quite a bit less than they paid for them over a 50 year period. Stamp
collecting is on life support, prognosis not good. Coin collecting is
in the ambulance headed to the hospital.
  #18  
Old February 13th 12, 02:22 AM posted to rec.collecting.coins
Bremick
external usenet poster
 
Posts: 641
Default What is your opinion on coin / medallic / token covers?


"Jud" wrote in message
...
There once was a time when stamps were very collectible, but the US
government came out with too many issues in a year (hear that US
Mint?), values and interest in the hobby went down. If I had shown any
interest in stamps I could have come into 2 large collections from my
grandparents. Both my mother's father, and my father's mother were
presidents of a local coin club at different times. My father
collected First Day Covers. After he died my stepmother went to sell
the collection and wasn't even offered face value! These FDC's went
back to the 1920's. My grandparent's stamp collections were sold for
quite a bit less than they paid for them over a 50 year period. Stamp
collecting is on life support, prognosis not good. Coin collecting is
in the ambulance headed to the hospital.


Agreed. Trying to sell the coins in the albums and envelopes your
grandparents might have saved fifty years ago would likely be frustrating
today unless professionally they were graded and slabbed (not your
grandparents). The ridiculous growing assortment of grade categories for
each annual Mint-issued "for collectors" item is confounding many of those
who had been building sets. I feel sorry for someone on a limited budget
who has been collecting annual proof Eagles since their beginning. Now, if
they plan to continue, they will have a hard time ignoring the special
reverse proofs. And they surely will be excited over prospects of possibly
having one or more annual "special" proofs in the future.

I'd be surprised if this doesn't encourage more people to retreat into the
past and concentrate more on historic coinage rather than on everything the
Mint comes up with each year. That may be one good consequence.


  #19  
Old February 13th 12, 08:20 PM posted to rec.collecting.coins
Toke Nørby
external usenet poster
 
Posts: 115
Default What is your opinion on coin / medallic / token covers?

"Bremick" wrote:


"Jud" wrote in message
...
There once was a time when stamps were very collectible, but the US
government came out with too many issues in a year (hear that US
Mint?), values and interest in the hobby went down. If I had shown any
interest in stamps I could have come into 2 large collections from my
grandparents. Both my mother's father, and my father's mother were
presidents of a local coin club at different times. My father
collected First Day Covers. After he died my stepmother went to sell
the collection and wasn't even offered face value! These FDC's went
back to the 1920's. My grandparent's stamp collections were sold for
quite a bit less than they paid for them over a 50 year period. Stamp
collecting is on life support, prognosis not good. Coin collecting is
in the ambulance headed to the hospital.


Agreed. Trying to sell the coins in the albums and envelopes your
grandparents might have saved fifty years ago would likely be frustrating
today unless professionally they were graded and slabbed (not your
grandparents). The ridiculous growing assortment of grade categories for
each annual Mint-issued "for collectors" item is confounding many of those
who had been building sets. I feel sorry for someone on a limited budget
who has been collecting annual proof Eagles since their beginning. Now, if
they plan to continue, they will have a hard time ignoring the special
reverse proofs. And they surely will be excited over prospects of possibly
having one or more annual "special" proofs in the future.

I'd be surprised if this doesn't encourage more people to retreat into the
past and concentrate more on historic coinage rather than on everything the
Mint comes up with each year. That may be one good consequence.


Jud and Bremick
In some way I can't disagree with you as you talk about the worst
items of all. Normal FDCs are not worth the face value and
unfortunately some mint stamps aren't too.

I have no idea of proof Eagles but can imagine that these are as bad
as FDCs.

BUT- why have people bought these items year after year - coin
collectors probably know that buying these coins are pure waste of
money? unless you don't care about getting your money back some day.

But if you do care about the future value - would you then buy proof
Eagles unless it's just for fun? Probably not. We have the same
problem with FDCs.

Can you warn your collector friends against buying these proofs?
--

Læs om "Skivearket" og "Skibsgrisens Flugt"
eller om Klasselotteriets inspektører 1753-2010:
http://norbyhus.dk/
  #20  
Old February 13th 12, 10:11 PM posted to rec.collecting.coins
oly
external usenet poster
 
Posts: 3,111
Default What is your opinion on coin / medallic / token covers?

On Feb 13, 1:20*pm, Toke Nørby wrote:
"Bremick" wrote:

"Jud" wrote in message
....
There once was a time when stamps were very collectible, but the US
government came out with too many issues in a year (hear that US
Mint?), values and interest in the hobby went down. If I had shown any
interest in stamps I could have come into 2 large collections from my
grandparents. Both my mother's father, and my father's mother were
presidents of a local coin club at different times. My father
collected First Day Covers. After he died my stepmother went to sell
the collection and wasn't even offered face value! These FDC's went
back to the 1920's. My grandparent's stamp collections were sold for
quite a bit less than they paid for them over a 50 year period. Stamp
collecting is on life support, prognosis not good. Coin collecting is
in the ambulance headed to the hospital.


Agreed. *Trying to sell the coins in the albums and envelopes your
grandparents might have saved fifty years ago would likely be frustrating
today unless professionally they were graded and slabbed (not your
grandparents). *The ridiculous growing assortment of grade categories for
each annual Mint-issued "for collectors" item is confounding many of those
who had been building sets. *I feel sorry for someone on a limited budget
who has been collecting annual proof Eagles since their beginning. *Now, if
they plan to continue, they will have a hard time ignoring the special
reverse proofs. *And they surely will be excited over prospects of possibly
having one or more annual "special" proofs in the future.


I'd be surprised if this doesn't encourage more people to retreat into the
past and concentrate more on historic coinage rather than on everything the
Mint comes up with each year. *That may be one good consequence.


Jud and Bremick
In some way I can't disagree with you as you talk about the worst
items of all. Normal FDCs are not worth the face value and
unfortunately some mint stamps aren't too.

I have no idea of proof Eagles but can imagine that these are as bad
as FDCs.

BUT- why have people bought these items year after year - coin
collectors probably know that buying these coins are pure waste of
money? unless you don't care about getting your money back some day.

But if you do care about the future value - would you then buy proof
Eagles unless it's just for fun? Probably not. We have the same
problem with FDCs.

Can you warn your collector friends against buying these proofs?
--

Læs om "Skivearket" og "Skibsgrisens Flugt"
eller om Klasselotteriets inspektører 1753-2010:http://norbyhus.dk/- Hide quoted text -

- Show quoted text -


No,, you don't have the same problem with FDCs. FDCs have ZERO
intrinsic value to fall back on. The baseline for stamps is ZERO.
The baseline for a proof Silver Eagle is about 50% of cost. A 50%
loss isn't as bad as a 100% loss.

oly
 




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