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captaincoffee's Last 20 Posts
| Guess The Price - Season 81 - Winner: Bump111
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captaincoffee
Pillar of the Community
United States
599 Posts |
 Posted 08/11/2022 10:00 am
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| Not sure why this would bother anyone. As I said, 25 cents and 50 cents were taken, as well as any other amount I could conceive of possibly paying for the coin. Therefore, I put in a silly high guess...which incredibly (in terms of position) was only one away from the correct amount. Aren't we here just for fun? I can't imagine my guess made this less fun for someone. It's not like I'm on here every week posting ridiculous guesses. |
| | Forum: Contest, Quiz, and Giveaway (ENDED) |
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| 1969 $20 Cool Serial Number And Miscut Bill
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captaincoffee
Pillar of the Community
United States
599 Posts |
Posted 07/15/2022 1:52 pm
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I have to agree with the others. The cut is well within tolerances (it needs to cut off part of the printing and/or show part of the next bill to be considered a cutting error). The serial number is sort of a little interesting but isn't considered "fancy" or something a collector would want. |
| | Forum: US Paper Money and Banknotes |
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| Collapse Of The US Dollar
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captaincoffee
Pillar of the Community
United States
599 Posts |
Posted 07/15/2022 1:45 pm
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A lot to unpack in that small post. I googled Project Sandman and now have 99.99% confidence that it is kookoo-for-cocoa-puffs conspiracy theory nonsense. Reminds me of reading about flat-earth, anti-vax, or election conspiracy garbage. With that said, numismatic collections are almost always a bad long-term investment when compared to stocks, real estate, bonds, etc. As SAP said, maybe "speculation" but not "investment."
Commodities...well it depends what you mean by commodities. Commodity futures can do well at times (you could argue the current inflationary times included), but you are way late to the party, and they are not historically a good long-term investment either. IMHO, you need to be an insider to really make money here. However, if you are just talking about stocking up on physical commodities...well, let's just say that no financial advisor is going to recommend you buy $50,000 of copper or some other raw material to store in your basement.
The greatest investors of our lifetime like Buffet give their investment advice for free. Listen, use common sense, and tune out the random garbage we are constantly flooded with over the internet. That, of course, includes my advice, which is worth exactly what you paid for it.
As for your original question on the future of collecting, I interpret that to mean "will the value of my collection go up or down?" My personal opinion is that after the growth of the past few years, we are likely to experience a period where the curve flattens or perhaps a small dropoff over the next 1-3 years. After that (5+ years), the overall economic situation will either improve, remain flat, or decline depending on the exact severity and length of the expected upcoming recession, the annual inflation rates for the next 10 years, the future money supply changes, and how international trade and diplomacy look for the next decade, and other factors. However, the economic forecast is only one factor that will influence the future value of our collections. Does the boomer generation collect at a higher rate than the gen X and Z generations will? As older populations age out of the hobby, how will that impact demand? If I was forced to make a guess, I expect these factors and inflation will generally cancel each other out, and we will see flat(ish) prices/valuations over the next 30 years once we get past some near-term inflation and correction. |
| | Forum: US Paper Money and Banknotes |
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| How Can I Not Get Ripped Off On Ebay?
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captaincoffee
Pillar of the Community
United States
599 Posts |
Posted 07/10/2022 09:54 am
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Quote:
I only buy from Reddit and Instagram anymore.
Not sure I understand rejecting a platform with buyer protections in favor of anonymous platforms with no protection. I can understand some people only wanting to deal in-person with LCSs or known dealers, but I think you are much likely to get scammed and have no recourse on Reddit/Instagram/Facebook Marketplace/Etc than on eBay (where you can always put in a claim for the item not being what was pictured/described). |
| | Forum: Main Coin Forum |
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| Cleaned Coins Should Be Graded.
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captaincoffee
Pillar of the Community
United States
599 Posts |
Posted 06/22/2022 09:26 am
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I think SAP hit it on the head. Coins are not paintings, cars, or pottery. In the coin world, "cleaning" is synonymous with damaging. If you don't do any damage to the coin, then it is not going to be tagged as details/cleaned.
Rembrandt: if there is somehow a piece found in original or near-original condition, they wouldn't restore it. His works were displayed for hundreds of years in smoky (candles, tobacco, incense) non-climate-controlled environments and are typically covered in a greasy layer of grime, soot, dirt, etc. that dulls the colors and can slowly damage the paint and canvas. Restoration is considered a better alternative to losing the artwork forever.
Classic cars: non-destructive cleaning (akin to acetone on coins) is not an issue. As for destructive restoration, just like coins, an original classic car is always worth more than a restored classic car. Classic cars with the original paint job and all-original parts go for way more than restored cars.
Antique pottery: more similar to ancient coins, which typically do need to be cleaned.
As to the OP's point on TPGs grading cleaned coins, don't they all give a ballpark grade (XF details, AU details, etc.)? I think that's fair considering otherwise they have to grade both the coin and grade the level of cleaning.
They always say to buy the coin and not the holder. So, if you can buy a cleaned/details coin that shows no damage or sign of cleaning, then you can get it for less and have a coin you are perfectly happy with. There is a market for everything and there isn't any right or wrong way to collect after all. |
| | Forum: Main Coin Forum |
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| Post Your New Currency Acquisitions!
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captaincoffee
Pillar of the Community
United States
599 Posts |
Posted 06/14/2022 12:29 pm
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| One of the real classics of US banknote collecting for sure (I chose it for my avatar after all). This is the note that first got me drooling over large size notes. Mine is in pretty much the same condition as yours and is one (if not the) highlight of my collection. Congrats. |
| | Forum: US Paper Money and Banknotes |
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