Lucky One

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About Lucky One

  • Boards Title
    Collectosaurus Rex

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  • Occupation
    Retired
  • Hobbies
    you name it, jack of all trades, love fine woodworking and collecting rare and beautiful coins and even uniquely colored diamonds
  • Location
    NYC

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  1. Lucky One

    world map test

    I tried suggestions here in the forums for months and got nowhere but ridiculed and schooled. I need the loyalty to flow in both directions and I have been collecting NGC coins since 1987 so my loyalty can't be in question. NGC tried and failed, so I go to PCGS. Sad that so many of us complained only to be ignored at the board room table...
  2. Lucky One

    Confused

    I'm also confused because the reason I came out here the other day was to post a journal, but I don't see it- can anyone else find my latest journal posting? When things don't work, I don't bother, I just find functionality that suits me elsewhere... sigh
  3. what is so screwed up about the whole situation is that there is really no difference between the first strikes off the first sets (yes, plural, as in many) of dies. I don't know how many tokens (yes, these are not coins in any honest sense and will never circulate officially) they can get out of a die before stresses appear or details disappear but my guess is they go through several hundred dies. If this is true, then there are 'early strikes' from EVERY die, making the whole concept faulty. If I got a late strike from a die used during the 'early strikes' period it would be far inferior to the first ingots off any die after that striking period, so IF I was presented with two coins- one lacking full detail and with less than outstanding luster and surfaces from a 'first strike' and the other a fully struck piece with perfect luster and surfaces from a brand new set of dies used after the 'first strike' period, my obvious choice would be the nicer coin. Why are people fooled into buying a label instead of the coin that they are supposedly collecting? P.T. Barnum said it right- there's a sucker born every moment. What Barnum never saw coming was supercorp players who could fool large numbers of people into believing a common turd was a gem to be cherished. Shame on all the fools who bought into and helped them perpetuate the scam...
  4. Lucky One

    Confused

    I begged them to fix what they screwed up and it seems the powers that be don't care what mere collectors want- they act like the federal government- they obviously know better than us what we like, want or need. I spent a lot of $$$ with NGC over the past 35 years and I'm FED UP. I gave them several months to fix it and they thumbed their nose at us. Sorry NGC, but it looks like I'm gonna go spend my money with David Hall, a collector's kind of guy, and while I may not get what I want there either, I may get a little more respect for spending my $$$ there. Thanks for the awards and memories NGC but I think your gig is up, at least for this disappointed collector. By the way NGC- I thought you said only one log-in would be necessary for all functions on your site? I had to log into both the registry AND the journals. Can't even merge something that simple. I would fire the code writers and hire someone who was willing to query the users (US, dummy!) to find out what kind of functionality *they* wanted! I wonder how strong the beverages are at NGC board meetings anyway...
  5. Unless one is collecting modern coins especially bullion as they aren't really coins. Isn't that what you've posted on numerous occasions? is this for real?A little off topic but it's my post so I'll bite. I've collected for fifty one years and have never run into so many unhappy collectors. And why? Because someone disagreed with you. This country needs some serious help lately. Wow. 'Coins' were objects made specifically for the efficient transfer of goods. To be a 'coin', the object had to be made specifically for circulating in public or it wasn't worth making. A bullion piece, however, is stuck for hoarding, using or distributing the bullion metal it is made out of. It is never intended to circulate, so it cannot be a 'coin'. Since they don't 'circulate', they mostly stay in pristine condition. How can one be worth more than another if they are all perfect or nearly so? If there is no attrition through circulation, how can one or another become rare like a real coin? I don't look down on those who collect them, they are obviously interesting and worthy. My argument in the debate was never to put another collector down for his collecting choices- it was that modern bullion pieces aren't coins, they are just bullion made by the tens of thousands or millions in perfect condition, one indistinguisable from the next, and they are worth no more that any Franklin mint pieces was ever worth no matter how limited the 'edition'. I'm sorry you're feelings are hurt because some of us old timers call it what it is and disagree with you on rarity and value. It is what it is. Try to get the chip off your shoulder and enjoy the hobby- to each his own.
  6. by the way- who ever said anything about points? Why do people assume things like this? You don't even know me, never discussed anything with me and have no clue what is in my mind. What do points have to do with displaying my whole set vs only the NGC slabbed portion of it? No sir, I don't care about the points as long as we all go by the same rules. What I don't like is the rules changing in the middle of the game- I doubt anyone likes that, and as a long time business owner who dealt face to face with the public on a daily basis I would never have pulled the rug out from under so many loyal customers. I just wanted to continue posting my entire sets because only showing half of your set is worthlessly exclusive to a true set collector.....
  7. I read your reply before it was edited by NGC and it wasn't appreciated. To be clear- PCGS did not allow the competition's coins in their registry for years and then pull the rug out from under me- NGC did. If PCGS did, they would be the ones I was appealing to. Your suggestions were already suggested and rejected and I don't appreciate being psychoanalyzed and belittled in public by you sir. Your rather insulting comments shouldn't have been edited by NGC, the whole post should have been removed and you should have lost your privileges for a period in my humble opinion, but one thing is for sure- I know what I want and I don't want anything that you suggested, I want it the way it was because it is the only way to display my whole set and compte as usual, period. It is only a fun hobby if you can do it your own way. Sure, i can still do whatever I want, but I can't do what I *wanted* to do any longer and that is the reason for my post- to possibly influence NGC to put it back the way it was. My complaint was and is valid and my reasoning was sound. In my humble opinion, NGC has made a critical mistake. Maybe I'll be proven wrong and that's fine, but PCGS did not do this to me, NGC did. I hope this doesn't get edited too because it needs to be said- I have been jerked around and actually bullied on NGC's forums since the day I signed up and it's time to put it to rest...
  8. No, I want competition in standard sets- anyone with deep pockets can set up a custom set to make it near impossible to compete. While I know I will never have the top set in ANY of my chosen series, I *can* get in the top ten and that is good enough for me. The point is, I come here because I can enjoy all the other sets I am competing against and use them as a reference for how to build mine. I also like the fact that the world's most serious collectors display here and on PCGS's site, and that is why I ended up here- PCGS got the thumbs down for excluding NGC coins, and NGC got the thumbs up for including theirs. That was a smart move in my humble opinion and likely added to their membership. The new policy takes away the only incentive I had to use this site. But to answer your other question- if I had to choose between posting ALL of my coins together on an independent site or only PCGS or NGC coins on their respective sites, I think I could forego the half-way competition and settle for no competition at all- afterall, in the end the hobby is about the joy of collecting first and all else is just peripheral.
  9. Thanks, I wasn't aware of that, but as I mentioned, there is no way to compete using this method. While I couldn't care less about how many points since we're all playing under the same rules, I couldn't have picked up the award for my half eagle set last year this way, nor can I ever again if I can't list my PCGS coins, which are usually half or more of any given set. (my lib nick set is 90% PCGS) I appreciate the insight but USA Coin Book is impartial so maybe it will grow more quickly if I'm correct in assuming others will leave NGC for the same reasons. Being a long time business owner I was shocked that they took a chance with the new policy. We'll see how it plays out I guess, but if I was an owner or my income was based on profits, I think I would have thought it through a little better.
  10. I was all ready to set up with PCGS about five years ago when I realized that I couldn't post my NGC coins there, so as disappointed as I was, I walked away from the idea of a registry set. Later when I found out that NGC allowed PCGS coins it was a perfect fit for my collection so I displayed my sets proudly here. I am sorry to say now however that I feel like NGC has abandoned me. If I can't display EVERY coin in my set, what incentive do I have to buy slabbed coins for internet display? I could put the whole set on USA Coin Book but there is no competition, awards or much collector support at this time, but it would be better than either PCGS or NGC since you can list ALL of your coins whether they be raw, slabbed, damaged or whatever the case might be. While I loved the collector community here and have enjoyed reading everyone's journals and posts, without the registry angle I can't see myself using the site much any more. Further, I will now forever be inclined to buy PCGS coins instead, not just for the added prestige of the PCGS brand, but also because I feel that NGC has lost all sense of loyalty to collectors, the very life blood of your business. Whatever the extra cost, was it really worth losing life long customers? (I started collecting NGC graded coins in 1987!) Ali, you've been very good to us, no personal complaints at all there. Maybe if you forward this to the people responsible for the decision to eliminate PCGS coins in your registry they'll see it from a loss of profit angle and see fit to reinstate the old policy. If not, I am fairly certain other serious collectors will see it the same way and stop wasting their time here too, afterall, why would anyone want to display only half of their set? Not to seem ungracious, many thanks to NGC for the award last year, it was appreciated and will be cherished for the rest of my life. Would have liked the chance to keep trying for another over the coming years. I hope we can change a few minds. Thanks for your ear.
  11. I was hoping someone would bring up the subject. Who could possibly afford to chase every one of them down, let alone compete mercilessly for the top graded specimens? And why when we all know that even though there are only 10 slabbed in MS70 there are still 25,000 or 2,000,000 or whatever number produced socked away in safe deposit boxes, sock drawers and closets that are also still in perfect condition too? Don't these buyers understand that more WILL be graded as demand for them increases, until the numbers graded eventually bloat and the market crashes in on them. In the end, numismatics is numismatics and the mass produced bullion coins are just bullion. In my 51 years in the hobby I have never seen a purposely produced low mintage 'coin' from any mint become 'rare' enough to be considered by a serious numismatist because they really aren't 'coins'. They make really nice trinkets and interesting gifts but they don't circulate and will never deteriorate or reduce in numbers by anything significant so I'm confused as to why someone would pay more than issue price no matter what grade the pro slabbers put on the label- they all look the same. If you like collecting them, why care anyway as long as you have a nice looking one in your collection? Speculators of common mass produced bullion coins get burnt regularly but I hardly ever see serious rare coin collectors take a bath on a carefully selected set of high quality classic coins whether they are circulated or gem bu. To each his own but I'll go with history rather than the modern flashy 'parrot trinkets' the mints produce these days- fads always die the hard way...
  12. yes sir, he is. I still can't understand why anyone would care about the minute differences between MS70 and MS69, especially when the coins are made in mass quantities in perfect condition. Mr. Ponzi never dreamed up such a grand perpetuating scheme! I think no one should buy into a hobby expecting to win- it's a living for the dealers and they have to take their profits, which can never be gotten back by the buyer. Moderns are big and beautiful and relate to interesting subjects but they are anything but rare. The only true 'investment' in numismatics is rarity, whether it is absolute rarity, as in only a few thousand minted with few survivors or a condition rarity with very few available to collectors. Moderns are like baseball cards- just hobby material stacked up in dealer's vaults and safes across the country. If I collected them, and I admit I have thought about it, I wouldn't care if it was slabbed or still in govt packaging as long as it was a good deal, and I don't think slabbing coins is a good deal in something worth no more than the bullion in them. If anyone disagrees, just look up issue prices for Franklin mint OR US Mint issues from the past several decades and you'll see what I mean...
  13. I collected Morgans and Peace dollars for decades so I have seen a lot of problem coins in all those years. I have found that if the cartwheeling isn't present it is likely due to one of two things- 1. the coin was struck on a dull planchet with fatigued dies, which often produces a dull looking coin that doesn't 'flash' when you roll it under a light. or 2. the coin was dipped so many times, or improperly for too long of a time, that the original mint luster has been eroded away by the chemicals leaving an unnatural dullish look. Even toned you should be able to tell which under a 10X jewelr's loupe so take a peek and tell us what you see...
  14. agree with you- I'd much rather display my sets here at NGC but if they don't allow PCGS coins, I will have no choice but to leave. One of my sets is Liberty nickels and PCGS grades the majority of them so I have mostly PCGS coins in that set- it would be nearly empty if I couldn't add PCGS coins as I upgrade. My half eagle set is probably half PCGS, another one that would look barren without the PCGS coins, and I think my quarter eagles are mostly PCGS too, and my type set is heavy in PCGS. NGC will lose a lot of registry sets, and since PCGS only allows PCGS coins in theirs, I think NGC will take a huge hit in business since anyone who has a lot of PCGS coins in their sets will likely go to PCGS for future grading needs. I hope the NGC board has considered the potential loss of many customers carefully because I personally look at it as a slap in the face. There is always a hidden cost of doing business and I think I'd rather incur a small expense to avoid losing many loyal customers if I was NGC...
  15. very good point- no matter how many points you issue to common coins, they are still common coins, and many shouldn't even be called 'coins' because they aren't coins in my book unless they at least have a circulating counterpart, and even then it doesn't make them scarce or rare if the entire mintage gets slabbed and never deteriorates. As has been mentioned by many in these forums- ANY of these sets can be bought by the dozen, in top grade, and all that is necessary to have a leading set is money and an agent tracking them down for you. But what are the bragging rights worth when you had to buy the win and have someone else do all the leg work for you? I personally can appreciate a collector spending a lifetime building a set of Lincoln cents from circulation more than someone with deep pockets who merely buys the bragging rights to a registry set. People who collect only truly rare obsolete coins will be rewarded for the exact reason modern collectors won't- great rarity is what causes great value, it's all comes down to the simple concept of supply and demand. I agree 100% with you that there will be a lot of teardrops in beer mugs when the modern markets are so overloaded with expensive but common issues that modern collectors leave en masse. I see the beginning of the end and it likely won't be long now. My only concern is how they will impact the series I collect if a lot of them who dump their moderns and bullion slugs begin to buy real rare coins. I hope they don't cause mine to go up too much, I still have a long way to go to complete my type set!