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

On Jul 6, 10:39 am, "Mr. Jaggers" lugburzman[at]yahoo[dot]com wrote:
"oly" wrote in message

ups.com...





On Jul 6, 8:38 am, "Mr. Jaggers" lugburzman[at]yahoo[dot]com wrote:
Out of curiosity I just looked up the 55DDO in Coin World's Coin Values,
and
find $1300 for a Fine and $1500 for a Very Fine. Would ten F/VF examples
of
this item be a safer bet than one MS64R at $13,400?

James- Hide quoted text -

- Show quoted text -,

Gee, I always wish that I could get the Coin World Coin Values prices
when I want to sell, but it rarely seems to happen that way.

Right now I've got an 1932 Indian, in a PCGS slab, graded MS 62. I've
owned it six or seven years. I might want to sell it now so we will
have some extra spending money in Europe. But could I get the Coin
World Coin Values' price? I doubt it very much.

A votre question, mon vieux prof:

One theory is that a $10 common stock, intelligently reviewed for the
worth of the company and correctly bought, should have a much easier
chance of doubling or tripling than a $500 common stock, also
intelligently reviewed for the value of the company and correctly
bought.

But in fact, it does seem that the higher priced stock, intelligently
chosen and properly bought, often does better than the lower priced
stock.

If you were taking a speculation in the lower grade 1955 Lincoln
double dies, I think you would make more money handling the ten lower
grade coins (based upon the theory that it is easier for a lower
priced item to double), but you would have to do more work and they
might not be quite as readily liquid (in a normal market) as the
higher grade coin.

On the other hand, you could make a mistake on one or two of the
lesser coins and still some out; if you make a mistake on the super-
doozey coin, you're SOL (and that doesn't mean Statue of Liberty, boys
and girls).

Also consider that Ira only has a dozen or so coins in his briefcase
because that avoids all the heavy lifting that the hoi polloi coin and
exonumia dealers have to do.

I know old profs went into teaching to avoid all the heavy lifting!

Make your bet and roll the dice!

No, you won't likely get the CWCV price for your 32, I only used it as a
reference base. What is it about a 32 Indian that makes it so exotic and
mysterious? I can very easily understand why you wanted to own one, and
advise you to not sell in haste today only to repent at leisure tomorrow.

I have always been one to favor circulated coins, as long as they are
problem-free, over higher grade ones. On a teacher's salary that made
sense. Not only that, but having started collecting from pocket change,
paper route money, and occasional boxes and bags of coins to look through
long before my career was launched, I and my circle of friends just had the
notion that F/VF coins were OK, individually and in a set. We didn't know a
single person who collected unc anything. I believe in collecting the best
I can understand, and I really don't understand MS material, even after all
these years.

The reason Ira has only a dozen coins or so is that I have relieved him of
several over the past few years. Not a single one of them is MS. They are
a mix of VF to AU. Some of them he had already bought for resale and others
I commissioned him to locate for me. He goes places where I don't, or
won't, go, and is in a position to find things that I am not able to find
within the radius that I travel. I collect methodically and aggressively,
so I am glad to avail myself of his services. Ira has phoned me from the
bourse floor on more than just a couple occasions to give me an eyeball
description of something he found, and I know that if he says a coin is
original and choice for its grade, I can feel confident to tell him to go
ahead and get it for me. I've never been dissatisfied, nor do I see
anything sinister in doing business this way. As for his current 55DDO
offering, the price and the spot and the slab and the relative wisdom of
acquiring it are moot issues for me, as the coin is way outside my
collecting goals.

A bientôt.

James- Hide quoted text -

- Show quoted text -

The "lure" of the 1932 Indian, the 1908 Five dollar Liberty, the 1909-
S Indian and the 1912-D and "S" "V" nickels is that they are all "The
Last" of something that was either long-lived, very beautiful or
both.

I've always been a sucker for 1908 Fives too. The Liberty Head Five
dollar gold defines "American" history & spirit as well or better than
the Saint Gaudens

Yes, the 1933 Indian came later, and I've left out the 1929 Five
dollar Indian. They are outside the range of normal consideration.

oly

"note.boy" wrote in message
news:VDrji.19864$%

I was hoping that your desire to have another of a different date would
mean some Scottish notes crossing the Atlantic to their home land?

As she fell off twice last Sunday he may be going to Pedigree, the pet
food manufacturers. :-) Billy
Poor horse, you wanna feed him to the French?

"oly" wrote in message
ups.com...
On Jul 6, 10:39 am, "Mr. Jaggers" lugburzman[at]yahoo[dot]com wrote:
"oly" wrote in message

ups.com...





On Jul 6, 8:38 am, "Mr. Jaggers" lugburzman[at]yahoo[dot]com wrote:
Out of curiosity I just looked up the 55DDO in Coin World's Coin
Values,
and
find $1300 for a Fine and $1500 for a Very Fine. Would ten F/VF
examples
of
this item be a safer bet than one MS64R at $13,400?

James- Hide quoted text -

- Show quoted text -,

Gee, I always wish that I could get the Coin World Coin Values prices
when I want to sell, but it rarely seems to happen that way.

Right now I've got an 1932 Indian, in a PCGS slab, graded MS 62. I've
owned it six or seven years. I might want to sell it now so we will
have some extra spending money in Europe. But could I get the Coin
World Coin Values' price? I doubt it very much.

A votre question, mon vieux prof:

One theory is that a $10 common stock, intelligently reviewed for the
worth of the company and correctly bought, should have a much easier
chance of doubling or tripling than a $500 common stock, also
intelligently reviewed for the value of the company and correctly
bought.

But in fact, it does seem that the higher priced stock, intelligently
chosen and properly bought, often does better than the lower priced
stock.

If you were taking a speculation in the lower grade 1955 Lincoln
double dies, I think you would make more money handling the ten lower
grade coins (based upon the theory that it is easier for a lower
priced item to double), but you would have to do more work and they
might not be quite as readily liquid (in a normal market) as the
higher grade coin.

On the other hand, you could make a mistake on one or two of the
lesser coins and still some out; if you make a mistake on the super-
doozey coin, you're SOL (and that doesn't mean Statue of Liberty, boys
and girls).

Also consider that Ira only has a dozen or so coins in his briefcase
because that avoids all the heavy lifting that the hoi polloi coin and
exonumia dealers have to do.

I know old profs went into teaching to avoid all the heavy lifting!

Make your bet and roll the dice!

No, you won't likely get the CWCV price for your 32, I only used it as a
reference base. What is it about a 32 Indian that makes it so exotic and
mysterious? I can very easily understand why you wanted to own one, and
advise you to not sell in haste today only to repent at leisure tomorrow.

I have always been one to favor circulated coins, as long as they are
problem-free, over higher grade ones. On a teacher's salary that made
sense. Not only that, but having started collecting from pocket change,
paper route money, and occasional boxes and bags of coins to look through
long before my career was launched, I and my circle of friends just had
the
notion that F/VF coins were OK, individually and in a set. We didn't know
a
single person who collected unc anything. I believe in collecting the
best
I can understand, and I really don't understand MS material, even after
all
these years.

The reason Ira has only a dozen coins or so is that I have relieved him of
several over the past few years. Not a single one of them is MS. They
are
a mix of VF to AU. Some of them he had already bought for resale and
others
I commissioned him to locate for me. He goes places where I don't, or
won't, go, and is in a position to find things that I am not able to find
within the radius that I travel. I collect methodically and aggressively,
so I am glad to avail myself of his services. Ira has phoned me from the
bourse floor on more than just a couple occasions to give me an eyeball
description of something he found, and I know that if he says a coin is
original and choice for its grade, I can feel confident to tell him to go
ahead and get it for me. I've never been dissatisfied, nor do I see
anything sinister in doing business this way. As for his current 55DDO
offering, the price and the spot and the slab and the relative wisdom of
acquiring it are moot issues for me, as the coin is way outside my
collecting goals.

A bientôt.

James- Hide quoted text -

- Show quoted text -

The "lure" of the 1932 Indian, the 1908 Five dollar Liberty, the 1909-
S Indian and the 1912-D and "S" "V" nickels is that they are all "The
Last" of something that was either long-lived, very beautiful or
both.

I've always been a sucker for 1908 Fives too. The Liberty Head Five
dollar gold defines "American" history & spirit as well or better than
the Saint Gaudens

Yes, the 1933 Indian came later, and I've left out the 1929 Five
dollar Indian. They are outside the range of normal consideration.

oly

Heh. Define "normal." On second thought, let's leave it be. 8)

James
'I recognize it when I see it'

"note.boy" wrote in message
...

"Bruce Remick" wrote in message
...

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

ps.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.


Can you cite some examples from the recent past?


Beanie Babies. :-) Billy

Another perfect example, but I was thinking in terms of coins with
numismatic value.

Bruce

"oly" wrote in message
ups.com...
On Jul 6, 7:40 am, "Bruce Remick" wrote:
"oly" wrote in message

ps.com...





On Jul 5, 9:23 pm, oly wrote:
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.

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. It survived Nixon lying to
us all on TV, and it survived Slick Willie getting a couple of Oval
Office blow jobs. Today it is a great thing to sell; a questionable
thing to buy.

oly- Hide quoted text -

- Show quoted text -

Bruce, additionally, you are also missing that I feel that credit
conditions in this country are about to become very stringent.

I don't doubt you are right.



Some people you really gotta spell it out for. They are that dense.

Don't you follow the Bear Stearns collaterlaized mortgage/ subprime
loan packages fiasco? (Bear Stearns and Merrill Lynch can't get bids
for even five cents on the dollar for loan packages that they carried
on their books at 100% just two months ago).

Nope. Not my interest. Probably why I don't see how this relates to
spending $13K for a coin if you can afford it.



Don't you follow the reversals in the housing markets? The U.S.
coasts are doing ****y, thank you.

I live on the US east coast. I personally couldn't care less about the
housing market. My home is paid for. I also don't get excited when I
read
that the economy or "consumer confidence" is up or down. Abstract
notions
that may not affect any two citizens the same way.



Don't you realize that almost all of the middle class luxuries (and a
fair share of the necessities) of the last seven years have come from
cash out refinancing on residential real estate? Don't you realize
that the "Housing ATM" is shut down if house prices aren't rising?

I don't care. All I am concerned about is my own situation, not a
universal
generalization. Actually, I am glad housing prices have stopped rising.
I
was getting tired of seeing my property assessment & taxes rise over 20%
a
year.



In my opinion, it's a good time to lighten up on some of those pricey
U.S. things.

Good advice for many people -- but not necessarily everyone.

Bruce- Hide quoted text -

- Show quoted text -

Bruce, I don't know anything regarding the source of your personal
wealth or income, but IMHO when credit dries up, you WILL be thinking
about all the recent negative developments in the mortgage and bond
markets.

I have been living comfortably on a government pension and investment
annuities for ten years. I zero-balance my one credit card at the end of
each month. If negative developments in the mortgage and bond markets have
affected me at all, the effect was transparent to me.


It will affect everybody. It looks like a lot of Pension Fund money
is especially tied up in these nutty mortgage CDOs (collateralized
debt obligations).

I trust my govt pension is secure. The rest of what you speak may affect
others, but I have found nothing to worry about so far.


A lot of the dealers at the major national and major regional coin
shows have NO capital except what they can borrow from banks and
credit unions. They are very vulnerable to rising interest rates and
any trend to tighten credit.

I agree that they are on shaky ground. I would worry if that was my sole
source of income.


A $13,400 Lincoln Cent is priced for continuing economic nirvana, not
any bumpy or hard times.

The same could be said for any numismatic coin-- Lincoln Cent, Bust Dollar,
17th century thaler, or ancient. As hobbyists, I doubt that many of us rely
on the value of our coin collections to get us through hard times. I have
put mine together with discretionary income. Although a $13K Lincoln is
beyond my means, it might be a relatively painless purchase for someone with
a high income.


Bruce

On Jul 6, 11:52 am, "Bruce Remick" wrote:
"oly" wrote in message

ups.com...





On Jul 6, 7:40 am, "Bruce Remick" wrote:
"oly" wrote in message

oups.com...

On Jul 5, 9:23 pm, oly wrote:
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.

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. It survived Nixon lying to
us all on TV, and it survived Slick Willie getting a couple of Oval
Office blow jobs. Today it is a great thing to sell; a questionable
thing to buy.

oly- Hide quoted text -

- Show quoted text -

Bruce, additionally, you are also missing that I feel that credit
conditions in this country are about to become very stringent.

I don't doubt you are right.

Some people you really gotta spell it out for. They are that dense.

Don't you follow the Bear Stearns collaterlaized mortgage/ subprime
loan packages fiasco? (Bear Stearns and Merrill Lynch can't get bids
for even five cents on the dollar for loan packages that they carried
on their books at 100% just two months ago).

Nope. Not my interest. Probably why I don't see how this relates to
spending $13K for a coin if you can afford it.

Don't you follow the reversals in the housing markets? The U.S.
coasts are doing ****y, thank you.

I live on the US east coast. I personally couldn't care less about the
housing market. My home is paid for. I also don't get excited when I
read
that the economy or "consumer confidence" is up or down. Abstract
notions
that may not affect any two citizens the same way.

Don't you realize that almost all of the middle class luxuries (and a
fair share of the necessities) of the last seven years have come from
cash out refinancing on residential real estate? Don't you realize
that the "Housing ATM" is shut down if house prices aren't rising?

I don't care. All I am concerned about is my own situation, not a
universal
generalization. Actually, I am glad housing prices have stopped rising.
I
was getting tired of seeing my property assessment & taxes rise over 20%
a
year.

In my opinion, it's a good time to lighten up on some of those pricey
U.S. things.

Good advice for many people -- but not necessarily everyone.

Bruce- Hide quoted text -

- Show quoted text -

Bruce, I don't know anything regarding the source of your personal
wealth or income, but IMHO when credit dries up, you WILL be thinking
about all the recent negative developments in the mortgage and bond
markets.

I have been living comfortably on a government pension and investment
annuities for ten years. I zero-balance my one credit card at the end of
each month. If negative developments in the mortgage and bond markets have
affected me at all, the effect was transparent to me.



It will affect everybody. It looks like a lot of Pension Fund money
is especially tied up in these nutty mortgage CDOs (collateralized
debt obligations).

I trust my govt pension is secure. The rest of what you speak may affect
others, but I have found nothing to worry about so far.



A lot of the dealers at the major national and major regional coin
shows have NO capital except what they can borrow from banks and
credit unions. They are very vulnerable to rising interest rates and
any trend to tighten credit.

I agree that they are on shaky ground. I would worry if that was my sole
source of income.



A $13,400 Lincoln Cent is priced for continuing economic nirvana, not
any bumpy or hard times.

The same could be said for any numismatic coin-- Lincoln Cent, Bust Dollar,
17th century thaler, or ancient. As hobbyists, I doubt that many of us rely
on the value of our coin collections to get us through hard times. I have
put mine together with discretionary income. Although a $13K Lincoln is
beyond my means, it might be a relatively painless purchase for someone with
a high income.

Bruce- Hide quoted text -

- Show quoted text -
The coming financial storm is still percolating at the horizon, but
the losses already being experienced in the bond market and real
estate market are real enough.

Look at what the 10 year Treasury Note yield is now. Forty-five days
ago it was 4.90%; now it is 5.20%. That sounds small, but it
represents a Titanic shift in the expectations of bond traders, banks,
insurnace companies and other people who are "in the know".

Based upon what you tell me here, you might need to hedge some against
future inflation. With the Goldman Sachs boys in control of the
Treasury, and "Helicopter Ben" Bernake at the helm of the FRB, the
chances that the Wall Street insiders will be bailed out at the
expense of future high inflation is very likely.

Remember, it was the military men and the babushkas on fixed pensions
who got nailed to the wall in the former Soviet Union, when its
currency went to pot after 1989. Same thing in Weimar Germany in 1919
to 1923, although those old ladies weren't, of course, called
babushkas.

oly

"Bruce Remick" wrote in message
...

"note.boy" wrote in message
...

"Bruce Remick" wrote in message
...

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

ps.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.


Can you cite some examples from the recent past?


Beanie Babies. :-) Billy

Another perfect example, but I was thinking in terms of coins with
numismatic value.

Bruce


Any modern UK coin bought in the run up to decimalisation in 1971 or shortly
afterwards.

They have yet to reach those levels again and, allowing for inflation, they
probably never will.

To give one example the "plastic" set of 1953 sold back then, 1970, for £25
and now they can be had for £5, to keep pace with inflation the value would
now have to be around £250.

I have a large collection of old UK coin magazines and the pages are full of
dealer adverts encouraging collectors to invest in modern UK coinage.

It was even suggested that a bag of Churchill crowns could be a sound
investment, they are currently worth about £1 and if got a face in 1965
would now have to worth £3 each to break even allowing for inflation. Billy

"Sibirskmoneta" wrote in message
...

"note.boy" wrote in message
news:VDrji.19864$%

I was hoping that your desire to have another of a different date would
mean some Scottish notes crossing the Atlantic to their home land?

As she fell off twice last Sunday he may be going to Pedigree, the pet
food manufacturers. :-) Billy
Poor horse, you wanna feed him to the French?


When in Paris several years ago I took a photograph of a horse meat shop,
this was pinned up at the stables and if a horse misbehaved it was
threatened that we would call Pierre to come and take them away. Billy

On Jul 6, 2:38 pm, "note.boy" wrote:
"Bruce Remick" wrote in message

...







"note.boy" wrote in message
...

"Bruce Remick" wrote in message
...

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

egroups.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.

Can you cite some examples from the recent past?

Beanie Babies. :-) Billy

Another perfect example, but I was thinking in terms of coins with
numismatic value.

Bruce

Any modern UK coin bought in the run up to decimalisation in 1971 or shortly
afterwards.

They have yet to reach those levels again and, allowing for inflation, they
probably never will.

To give one example the "plastic" set of 1953 sold back then, 1970, for £25
and now they can be had for £5, to keep pace with inflation the value would
now have to be around £250.

I have a large collection of old UK coin magazines and the pages are full of
dealer adverts encouraging collectors to invest in modern UK coinage.

It was even suggested that a bag of Churchill crowns could be a sound
investment, they are currently worth about £1 and if got a face in 1965
would now have to worth £3 each to break even allowing for inflation. Billy- Hide quoted text

- Show quoted text -

I have read some humourous, probably apocryphal, 1970 stories about
old ladies hiring London black cabs to take them from coin dealer to
coin dealer, trying to sell copper-nickel shillings and florins that
they had pulled out of circulation just the day before.

You have made an excellent example.

When I was in London in 1985, George VI shillings and florins were
still in circulation at five pence and ten pence tariffs. of course,
these are gone now, since the five pence and ten pence were
significantly downsized.

oly

"note.boy" wrote in message
...

"Bruce Remick" wrote in message
...

[snip]

Another perfect example, but I was thinking in terms of coins with
numismatic value.

Bruce


Any modern UK coin bought in the run up to decimalisation in 1971 or
shortly afterwards.

They have yet to reach those levels again and, allowing for inflation,
they probably never will.

To give one example the "plastic" set of 1953 sold back then, 1970, for
£25 and now they can be had for £5, to keep pace with inflation the value
would now have to be around £250.

I have a large collection of old UK coin magazines and the pages are full
of dealer adverts encouraging collectors to invest in modern UK coinage.

It was even suggested that a bag of Churchill crowns could be a sound
investment, they are currently worth about £1 and if got a face in 1965
would now have to worth £3 each to break even allowing for inflation.
Billy

I was a budding world collector back in the mid-60s and saw an ad in Coin
World or some such place, placed by QDB, hawking 1951 pennies in EF-AU for
something like $17.50 each. Caught up in his palaver, I bit a big bullet
and ordered out two of them. They were very nice coins, with full detail
and a decent amount of red still showing, but they hardly kept up with
inflation. My dreams of buying a new car with the proceeds of their sale
were dashed.

James