Greetings to my fellow Numismatists. As I am social distancing via the electronic papyrus format I was thinking, and YES - that - is - dangerous, during this pandemic and economic downturn can I have FUN? My answer is Yes. I am having FUN cherry picking online coin auctions and coin dealers. My thesis was during this time coin auctions wonâ€™t be looked upon favorably due to re-structuring of household expenditures and with the family being together seemingly all the time, it canâ€™t be said â€śI need me timeâ€ť when the new dynamic is to focus on building the family strength and bond. I believe new numismatists are being born by learning Daddyâ€™s collection and helping him organize, or Mommaâ€™s and helping her organizing the collection; not purchasing coins. I am not seeing a deep slash in pricing as I did in 2013-14 when spot silver and gold was free falling and online coin dealers were discounting coins to levels 80-90% off in some cases. Instead, opportunities are abounding in researching coins and finding sleepers. These may not be a multi-thousand dollar win or highlight in a Regency Auction but this will be something that you can win, re-encapsulate if need be, possibly send for CAC, and see where it plays 5 years or so down the road. I found in an auction recently a 1964-D Kennedy graded I believe MS64, but a Double Die, graded by NGC and it sold for 1/3 or so the price retail. I didnâ€™t win, but not upset seeing how I canâ€™t win them all AND a 3 second to auction end -up tick - above my high bid had me tipping my hat to the new owner. But PCGS only has 4 in population and 8 in 65 with none populated higher. So my thought was to send in for cross over and at least guarantee grade the 64. What a deal! Again, the retail price around $100 may not have you popping corks of champagne and wearing goggles, BUT it is a scarce coin and something like that can easily become a Blue Chip in a collection several years from now. What if â€śyouâ€ť are the lucky one where it gets graded 64+ and what if it gets CAC? At that point it is a great investment for not a huge outlay. How am I increasing this FUN even more? I found another opportunity â€śsomewhereâ€ť and I asked my fiancĂ©, â€śI am good at what I do in coins. I found a possibility here that I believe can be a GREAT win. Would you like to participate?â€ť. She asked for more clarification, I explained, and told her the following proposition: If it works we split the price, I - Me - will pay all costs of cross over grading and shipping charges, and will not count those costs into the profit. Simply, she literally will get half the profit with only the difference of the initial price split 2 ways. She is not into numismatics. She has helped me tremendously and has been a huge Blessing as explained in a previous Blog I wrote, but she is not thrilled by it. This idea was several days ago, however this morning she was looking online and found a local virtual auction where they were selling coins... AND... she was asking my opinion on those coins... AND told me â€śDonâ€™t you dare buy those coins, those are mine!â€ť Haaaa! Ohh man, I Loved It. I may have created a monster. The neat part was I found silver certificates that were off center actually (these were further down the auction lot listings) and I just had to tip my hat to her. I may have inadvertently created a Numismatic Monster; from what started as a way for my Baby to make some possible extra money on the side that doesnâ€™t call for any energy expense at all from her. And I never thought it would be â€śThis Amazingâ€ť bringing her on board like this. This type of action is what I am seeing currently and something of excitement for me. I hope the Coin Gods look favorably upon me during this time while I create some interesting sub collections. Time will tell and I believe they will, if history repeats itself.
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