QUOTE(rittenhouse @ Jun 20 2007, 07:47 AM) [snapback]330903[/snapback]
So, the small timer does it for the love of the hobby and is willing to take less of a profit by selling for less or paying more? I don't think so. I pay as little as I possibly can and sell for as much as I can. Perhaps you'd like to illustrate this point by offering folks on the board more than going price for several K of coins and offering to sell the same amount for less than going price?
Also, does this just apply to coins or do you expect people to build houses, make cars, program computers, etc. for the love of it and forgo eating?
I am just speaking from experience...I have never sold a coin so I wouldn't know what they buy for...and if they buy for less...great, I want to buy for as less as possible as well, certainly if I had to sell I would also remember those who SOLD for less. From my experience the small part time dealer is more willing to cut a deal...what he makes off me isn't paying rent or buying food, its part time and yeah...from my experience they are people who love coins and decide to buy extra, have a good source that sells to them low, whatever...I have gotten the BEST deals from small part timers...dont agree? I guess we all have our own experience. If you as a part timer will eek every dime you can get for your coins...that's your right and mine to avoid you.
QUOTE(rittenhouse @ Jun 20 2007, 07:47 AM) [snapback]330903[/snapback]
First, the matter at hand was your diatribe against people making money off coins. The collector token folks are doing just that and far more in line with your diatribe in the sense of providing little or no value for money spent.
Secondly, some do fill a need as in tokens for vending machines, etc. Some don't. There is a difference between filling an actual need and simply supplying a product. People need housing and food, they do not NEED JRR Tolkien medallions. The former are necessities, the latter are niceties purchased with disposable income (in the truest sense of the word since nearly all cost is lost). If you do not understand this you should take a business course.
What does the quality coming from the US (or any other) Mint have to do with the matter at hand - i.e., the ethics or value of folks making money from coins?
You seem terribly conflicted. First you rail against someone "trying to eat" selling coins and then pose the opposite regarding educational materials.
You are a bit confused and need to re-read the thread as, I think, in your haste to bicker you lost the direction the conversation had taken but I will endeavor to quickly explain. There is no conflict at all. I suggested that the creator of this thread might think of going into minting coins instead of all the other careers suggested. Why I suggested this, as I explained, is that you are MINTING coins, creating a product that WE all love. You are learning the craft that creates what we collect and by doing this, she could become a mint master and possibly even one day have a say in the direction of this hobby.
When private mints were brought up, it was suggested that these places created worthless junk in essence. I defended what they create as being a service, manufacturing something that people often need and want. Whether it be a commemorative medal / token, vending machine token, military coin, fantasy piece whatever...people want and need these...and as for junk, well I sure would rather collect a coin from shire than most modern US coins...thus the reference to the US mint.
In my mind there is a world of difference between making a living CREATING coins, medals and tokens...and eeking a few dollars out of collector to look at a coin, subjectively give it a grade from a needless expanded grading system, encasing it in a slab anyone can purchase, and then putting an acronym on it so the person can somehow jack the price for the coin, somehow this coins value just went up by doing this...
Like I said, its all opinion...a man who mints artistic, stunning fantasy coins that people love to buy and enjoy, in my opinion, is offering so much more than the collector turned pro grader....
No conflict here...I think the less of a business COLLECTING is the better...minting is a whole different subject...which is why I suggested it...it has nothing to do with COLLECTING save that what they create for use in other ways is often collected as well...Its the difference between the craftsman who created a wonderfull artistic chair, and the person who sells it as an antique. One guy created a chair, it was sold, now others are making money off it down the line charging to appraise it, conserve it, resell it, whatever. It is manufacting, in some cases it is a craft, a skill, a service, offering a real product that has a real use or like art, someone wants for the sheer pleasure...and without it, what would we collect? They create what I love to collect...its a hobby thus obviously the coins I often by are not something like a house, needed...but most were at one time, in circulation and crafted by mintmaster and artisans in the past. the other, IN MY OPINION...is useless and not needed...I will say again that collectors survived for years without the need for a slab with an acronym and they will survive for ever without them....if you buy into it, no problem, I dont, wont, and I think its useless.
QUOTE(rittenhouse @ Jun 20 2007, 07:47 AM) [snapback]330903[/snapback]
In any case, you do not need to wonder. Writing can provide a nice supplemental income. Rather than the extremes of eating or not, think of it as the difference between eating hamburger or filet mignon. Although certainly in the case of the professonal cataloger (who do you think writes the auction catalogs) it is a matter of eating.
BTW LostDutchman, I do not view dealers or graders as evil - neither necessary or inherent. They are required service providers. Without them collectors would have a very difficult time locating product. Some may be ethically evil in practice due to how the act, but most are neither good nor evil.
That is exactly what I said, I figure people who write numismatic related books mostly supplement an income with it, do not make a living off them, the audience is just not there for it to be otherwise...as for catalogers, these people provide a vital service to collectors...and its not an easy job.
as for your last statement above, I have highlighted your error. Certainly dealers are required, graders are not, they are not required service providers nor would it be difficult locating product without them.
Lastly, let me clarify...I do not hate dealers, writers, people who sell supplies, etc...Without many of these people, like you say, it would be difficult. I merely expressed the opinion, and my experience, that I have had the best experiences with part time dealers who do not have rent to pay, food bills, and what not on the money from coin sells...Larger scale dealers are FAR less likely to accept my offer of less (I often offer to pay less than listed) while smaller part timers will often take that lesser profit as its often not all business to them.
If you observe a theme in my post, it is that I do not like people turning by hobby into a business and making it about money (pardon the pun). I do not mind people who offer real services that are needed for the hobby like the coins themselves (making or selling), supplies, reference books, even books about aspects of collecting to help teach the collector.
The third party grader, in my opinion, is all about the business of coins, complicating the process, making a buck doing something anyone can do on their own with just a small amount of study...it has introduced what I feel is an unsavory aspect into a hobby...certainly if people want to use them, more power to you...but I just dont rank them as something that is anyway needed in the hobby and, in fact, I see their presence and influence as negative...I don't like those who see collecting as a way to make profits, as a business and collectors as people to rake as much money from as they can however they can.
Again, just a completely subjective opinion from an old collector...