Makes Sense

Hi All;

Reading Editorial Opinion in Feb 6, 2006 Coin World by Richard Lobel.
The jist of his editorial is that the US is into coins as an
investment not for collecting. Because of such we have bunches of
people trying to make an extra $1000 by regrading the hell of of a
particular coin. His company sells to collectors. This means
"normal" middle income people can enjoy the hobby. Maybe the
US coins should be divided into those with more money than sense,
and those who like coins for what they are not for what they can
get someone to grade the for. Just a thought.

Don

"Don" wrote in message
...
Hi All;

Reading Editorial Opinion in Feb 6, 2006 Coin World by Richard Lobel.
The jist of his editorial is that the US is into coins as an
investment not for collecting. Because of such we have bunches of
people trying to make an extra $1000 by regrading the hell of of a
particular coin. His company sells to collectors. This means
"normal" middle income people can enjoy the hobby. Maybe the
US coins should be divided into those with more money than sense,
and those who like coins for what they are not for what they can
get someone to grade the for. Just a thought.

Don

I think that in a time when so many US coins are selling in the four-five-six
figure range, only a fool or a dedicated variety specialist would not consider
the investment aspect when buying such coins. Some true collectors also enjoy
watching the value of their holdings rise. Some non-collectors find investing
in coins enjoyable and profitable. I thought the writer simply repeats the
time-worn rant about how US collectors pay lots of money to have their coins
slabbed at the highest grade possible, while collectors in other countries think
slabbed coins are stupid. I think we all pretty much accept that by now. "You
hate it but you still USE it?" (forget where I heard that line. Old TV
commercial?)

Bruce

"Don" wrote in message
...
Hi All;

Reading Editorial Opinion in Feb 6, 2006 Coin World by Richard Lobel.
The jist of his editorial is that the US is into coins as an
investment not for collecting. Because of such we have bunches of
people trying to make an extra $1000 by regrading the hell of of a
particular coin. His company sells to collectors. This means
"normal" middle income people can enjoy the hobby. Maybe the
US coins should be divided into those with more money than sense,
and those who like coins for what they are not for what they can
get someone to grade the for. Just a thought.

Don

If this is the Richard Lobel of Coincraft, he should talk. Just get a copy
of the "Phoenix" and you will see ridiculous in pricing.

Bruce Remick wrote:

"You
hate it but you still USE it?" (forget where I heard that line. Old TV
commercial?)

Bruce

Made me think of the Erin Brockovich quote:" I am not a lawyer, I hate
lawyers, I just work for them".

Don wrote:

Hi All;

Reading Editorial Opinion in Feb 6, 2006 Coin World by Richard Lobel.
The jist of his editorial is that the US is into coins as an
investment not for collecting. Because of such we have bunches of
people trying to make an extra $1000 by regrading the hell of of a
particular coin. His company sells to collectors. This means
"normal" middle income people can enjoy the hobby.

[Emphasis added]

--- Maybe the US coins should be divided into those
--- with more money than sense, and those who like
--- coins for what they are not for what they can
--- get someone to grade the for.

[/Emphasis added]

LOL! Not to worry. This is already happening automatically and on a
grand scale in the U.S., with the commercialism and glamorization of
numismatics and "numismatic investing"! Meanwhile, millions of us are
still content with our state quarters and circulated stuff.

Lobel fails to acknowledge the huge and genuine diversity among all
levels of collectors.

--Dave
"Dare I say 'materialistic society'??"

On Wed, 01 Feb 2006 09:41:48 -0700, Dave Allured
wrote:

Don wrote:

Hi All;

Reading Editorial Opinion in Feb 6, 2006 Coin World by Richard Lobel.
The jist of his editorial is that the US is into coins as an
investment not for collecting. Because of such we have bunches of
people trying to make an extra $1000 by regrading the hell of of a
particular coin. His company sells to collectors. This means
"normal" middle income people can enjoy the hobby.

[Emphasis added]

--- Maybe the US coins should be divided into those
--- with more money than sense, and those who like
--- coins for what they are not for what they can
--- get someone to grade the for.

[/Emphasis added]

LOL! Not to worry. This is already happening automatically and on a
grand scale in the U.S., with the commercialism and glamorization of
numismatics and "numismatic investing"! Meanwhile, millions of us are
still content with our state quarters and circulated stuff.

Lobel fails to acknowledge the huge and genuine diversity among all
levels of collectors.

--Dave
"Dare I say 'materialistic society'??"

Thanks for responses. Thought I was in a out of my league world with
the direction of coins. I also collect circulation but add mint coins
to the mix. What really opened my eyes or closed them as the case
may be is;

I went to the Santa Clara coin show this year. I have never
seen so much gold and high priced coins. I saw a $1 bill with
yellow serial, used in African or some such compaign. Only
wanted $1800 for it.

Glad I have a simple mind for the simple things in life. Have a good
day.

Don

Don wrote:

I went to the Santa Clara coin show this year. I have never
seen so much gold and high priced coins.

Don, I know how you feel. Whenever I attend a large show I find that I
spend more time looking at stuff that I can't afford or don't collect,
than time actually buying and selling. Its like going to a museum where
all the objects are for sale. With the costs involved in setting up at
a large show (table costs, hotel, meals, transportation etc) most
dealers seem to bring coins that: 1) are either gold or in slabs 2)
will sell quickly - often to other dealers 3) have a high profit margin
4) are high priced-as you mentioned.
I can't fault them for this but if you ask them specifically for coins
that you are interested in, quite often they will have them behind the
table but not in the case. "Seek and ye shall find" and "Ask and ye
shall receive". Its fun looking at all the different coins that are
available, even if they aren't what you collect or can afford.

Don wrote:

Hi All;

Reading Editorial Opinion in Feb 6, 2006 Coin World by Richard Lobel.
The jist of his editorial is that the US is into coins as an
investment not for collecting. Because of such we have bunches of
people trying to make an extra $1000 by regrading the hell of of a
particular coin. His company sells to collectors. This means
"normal" middle income people can enjoy the hobby. Maybe the
US coins should be divided into those with more money than sense,
and those who like coins for what they are not for what they can
get someone to grade the for. Just a thought.

Don

Could you define ""normal" middle income'?

Thanks
JAM

On Fri, 03 Feb 2006 07:33:38 GMT, Adolphe Menjou "Adolphe
wrote:

Don wrote:

Hi All;

Reading Editorial Opinion in Feb 6, 2006 Coin World by Richard Lobel.
The jist of his editorial is that the US is into coins as an
investment not for collecting. Because of such we have bunches of
people trying to make an extra $1000 by regrading the hell of of a
particular coin. His company sells to collectors. This means
"normal" middle income people can enjoy the hobby. Maybe the
US coins should be divided into those with more money than sense,
and those who like coins for what they are not for what they can
get someone to grade the for. Just a thought.

Don

Could you define ""normal" middle income'?

Thanks
JAM

By todays standards this person is trying to buy a house, feed a
family of four, take the two week vacations every year, put the
kids through school, keep the wife happy, and spend a few dollars
on a hobby he started when he was a kid. I think that about covers
it.

Don