[spam] ARE COLONIAL COIN VALUES STILL IN THE DARK AGES????

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Please do not let anybody else know about this. I have enough trouble deciding whether to buy food or coins.

Morris

Mario Byrge <mariobyrge@comcast.net> wrote:
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> ATTACHMENT part 2 message/rfc822
To: colonial-coins@yahoogroups.com
From: "Mario Byrge"
Date: Wed, 04 Feb 2004 17:16:46 -0000
Subject: [Colonial Numismatics] ARE COLONIAL COIN VALUES STILL IN THE DARK AGES????

ONE CAN ONLY WONDER,.........are colonial coin values still in the
dark ages? Given this question, I'm quite sure that many colonial
collectors would agree to a "Yes" for the answer. Lets compare!
Recently. David Hall at PCGS had to buy back a slabbed modern Lincoln
cent,........I believe for $40,000. Now, that cent was graded MS-70
and it's date, 1963,.........a tragic year for a President. The buy
back was simple,.......in the slab, this cent had contracted a "spot"
on it's surface,.......thus by all, downgrading it to a lesser
grade,.......WOW,........$40,000 shot in the fanny! Now, one would
certainly wonder why a modern cent with a memorial reverse would ever
have been a taker at %40,000,........even though, MS-70,........the
grading standard of "Perfection". But are copper really protected in
a plastic slab,........of course not. On can only self reason why the
original buyer spent $40,000 on this coin,....while inturn, he could
have bought a nice state coinage example from the past Ford
Sale,...........now history could have been made easily for that
buyer, instead, spending $40,000 on a grade,.......this person is an
investor,.......definitly not a collector in my opnion. If we equate
the mintage for the 1963 cent which is 757,185,645,.......if we take
1% of 1% for that mintage, we would have somewhere in the
neighborhood of 7,570 cent coins that could possibly be considered MS-
70 level,..........conservative? perhaps, but not unreasonable
considering the overall mintage for 1963. If there were records
available on the total mintages that were struck for all New Jersey
varieites combined,.............that figure would not even "dent" the
opposing mintage for the 1963 cent,..infact, we can take all the
colonials that are affiliated with America,..all the series and all
of each of the varieties,..........combine them and still,...no where
close to the 1963 mintage,.................but yet,...........1 1963
cent in perfect grade brought $40,000. Our colonial coinage has so
much history,......each coin romancing the times from their simple
beginning to now into our 2X2 cotton inserts of today,.....the events
that these coin went through,........but yet, 1963 had only two key
factors in history,......the assasination of Kenndy and the Civil
Rights Movement into full play,.................but yet,.....$40,000
dictates a investment leverage only,..........while that Maris 14-J
tells us a history that our forefathers had shared together on
establishing the most financially strongest, the most powerful
country that this earth has ever seen.
One can take all these modern coins of superior grade and melt
them,.......stop bidding ridiculous numbers and stop giving these the
attention,.............combine this,......coins would come back into
the realm of the collector and out of the hands of the investor!
MARIO

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<DIV>Please do not let anybody else know about this. I have enough trouble deciding whether to buy food or coins.</DIV>
<DIV> </DIV>
<DIV>Morris Mario Byrge <mariobyrge@comcast.net> wrote:</DIV>
<BLOCKQUOTE class=replbq style="PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #1010ff 2px solid">------------------------------------------------------------------------ Yahoo! Groups SpamGuard has detected that the attached message to the group colonial-coins is likely to be spam. For more information about SpamGuard, please visit our help pages: http://groups.yahoo.com/local/spamguard.html ------------------------------------------------------------------------ > ATTACHMENT part 2 message/rfc822 To: colonial-coins@yahoogroups.com From: "Mario Byrge" <MARIOBYRGE@COMCAST.NET> Date: Wed, 04 Feb 2004 17:16:46 -0000 Subject: [Colonial Numismatics] ARE COLONIAL COIN VALUES STILL IN THE DARK AGES???? ONE CAN ONLY WONDER,.........are colonial coin values still in the dark ages? Given this question, I'm quite sure that many colonial collectors would agree to a "Yes" for the answer. Lets compare! Recently. David Hall at
PCGS had to buy back a slabbed modern Lincoln cent,........I believe for $40,000. Now, that cent was graded MS-70 and it's date, 1963,.........a tragic year for a President. The buy back was simple,.......in the slab, this cent had contracted a "spot" on it's surface,.......thus by all, downgrading it to a lesser grade,.......WOW,........$40,000 shot in the fanny! Now, one would certainly wonder why a modern cent with a memorial reverse would ever have been a taker at %40,000,........even though, MS-70,........the grading standard of "Perfection". But are copper really protected in a plastic slab,........of course not. On can only self reason why the original buyer spent $40,000 on this coin,....while inturn, he could have bought a nice state coinage example from the past Ford Sale,...........now history could have been made easily for that buyer, instead, spending $40,000 on a grade,.......this person is an
 investor,.......definitly not a collector in my opnion. If we equate the mintage for the 1963 cent which is 757,185,645,.......if we take 1% of 1% for that mintage, we would have somewhere in the neighborhood of 7,570 cent coins that could possibly be considered MS- 70 level,..........conservative? perhaps, but not unreasonable considering the overall mintage for 1963. If there were records available on the total mintages that were struck for all New Jersey varieites combined,.............that figure would not even "dent" the opposing mintage for the 1963 cent,..infact, we can take all the colonials that are affiliated with America,..all the series and all of each of the varieties,..........combine them and still,...no where close to the 1963 mintage,.................but yet,...........1 1963 cent in perfect grade brought $40,000. Our colonial coinage has so much history,......each coin romancing the times from their simple
 beginning to now into our 2X2 cotton inserts of today,.....the events that these coin went through,........but yet, 1963 had only two key factors in history,......the assasination of Kenndy and the Civil Rights Movement into full play,.................but yet,.....$40,000 dictates a investment leverage only,..........while that Maris 14-J tells us a history that our forefathers had shared together on establishing the most financially strongest, the most powerful country that this earth has ever seen. One can take all these modern coins of superior grade and melt them,.......stop bidding ridiculous numbers and stop giving these the attention,.............combine this,......coins would come back into the realm of the collector and out of the hands of the investor! MARIO </BLOCKQUOTE>
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2004-02-04

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