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CoinTalk > Coin Forums > Coin Chat My unsolicited list of 20 collecting tips/comments/advice...

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Page 2 of 2 < 1 2   LinkBack Thread Tools Rate Thread Display Modes 06-29-2009, 09:48 PM   #16 (permalink) Mark Feld Rare coin dealer     Join Date: Dec 2007 Location: San Diego Posts: 1,668 Quote: Originally Posted by Phil Ham I agree with most of your tips except #4. I hate selling and won't do it. I like collecting coins and I collect ones that I like. Why would I sell something that I bought that I liked? Do I want to torture myself later by having to sell them, something I hate? Life is too short and I don't need the stress. That's fine with me - it's your coins and your decision. I'm glad to hear that you are that happy with all of your coins. And you are not the first collector to take issue with me on that point. I will say that by offering a coin for sale once in a while, there is potentially much to be learned about the market, your coins and the sellers you acquire them from.   06-29-2009, 09:53 PM   #17 (permalink) Mark Feld Rare coin dealer     Join Date: Dec 2007 Location: San Diego Posts: 1,668 Quote: Originally Posted by tmoneyeagles Okay so maybe $1,000,000 was a little extreme..... Don't be modest - I knew you were a big spender.   06-29-2009, 09:56 PM   #18 (permalink) Phil Ham Hamster     Join Date: Jun 2006 Location: New York Posts: 518 Quote: Originally Posted by Mark Feld That's fine with me - it's your coins and your decision. I'm glad to hear that you are that happy with all of your coins. And you are not the first collector to take issue with me on that point. I will say that by offering a coin for sale once in a while, there is potentially much to be learned about the market, your coins and the sellers you acquire them from. The internet makes a market read incredibly easy. It is a wonderful thing.   06-29-2009, 10:00 PM   #19 (permalink) Mark Feld Rare coin dealer     Join Date: Dec 2007 Location: San Diego Posts: 1,668 Quote: Originally Posted by Phil Ham The internet makes a market read incredibly easy. It is a wonderful thing. I disagree. The internet is of some help in that regard. But I have seen numerous collectors shocked at how difficult, if not impossible, it was to sell their coins at what they (mistakenly) thought were realistic prices. Back to my original point - unless/until you try to sell, you can't know.   06-29-2009, 10:03 PM   #20 (permalink) tmoneyeagles Indian Buffalo Gatherer     Join Date: Feb 2009 Location: San Antonio Posts: 6,314 My Mood: Quote: Originally Posted by Mark Feld Don't be modest - I knew you were a big spender. I've spent maybe a little more than $1,000 on coins since I started collecting 1 year ago So I have a rather small budget, compared to what is in your inventory Mark __________________ From The Desk Of, -T$ (Kokapowan Tribe Leader) http://www.tmoneyeagles.webs.com/   06-29-2009, 10:03 PM   #21 (permalink) mralexanderb Coin Collector     Join Date: Feb 2007 Location: Northern California Posts: 1,964 My Mood: Great advice. Some of us (OK all) had to learn the hard way. It's a good list to go over before you buy an expensive or rare coin. Bruce __________________ This above all: to thine own self be true, And it must follow, as the night the day, Thou canst not then be false to any man.   06-30-2009, 10:19 AM   #22 (permalink) Mark Feld Rare coin dealer     Join Date: Dec 2007 Location: San Diego Posts: 1,668 Thanks for the comments, folks.   06-30-2009, 11:51 AM   #23 (permalink) GDJMSP Numismatist     Join Date: Nov 2002 Location: PA Posts: 23,511 Quote: Originally Posted by Phil Ham I agree with most of your tips except #4. I hate selling and won't do it. I like collecting coins and I collect ones that I like. Why would I sell something that I bought that I liked? Do I want to torture myself later by having to sell them, something I hate? Life is too short and I don't need the stress. Just ask Arizona Jack what he has learned as a result of selling coins. He used to think the same way you do. __________________ knowledge ..... share it   06-30-2009, 11:53 AM   #24 (permalink) physics-fan3.14 Senior Member   Join Date: Jun 2009 Location: Charleston, SC Posts: 418 My Mood: Great list Mark, incredibly useful even to those of us who've been collecting for a while. On a completely unrelated note, I like how the "nominated post" icon at the top of his post keeps changing color. First green, then red, now yellow. Kinda funky. __________________ I reserve the right to change my mind with new facts, experience, opinions, or viewpoints. My Award Winning Franklin Half Dollar NGC Registry set   07-05-2009, 01:37 AM   #25 (permalink) illini420 1909 Collector     Join Date: Jul 2009 Location: Calabasas, CA Posts: 1,088 My Mood: Great thread Mark!! Wish I would have read something like this about two to three years ago __________________ My 1908-S Indian Head Cent Grading Set http://tinyurl.com/bbzy8y My 1909 Mint Registry Set http://tinyurl.com/dj7nbg   07-05-2009, 04:23 AM   #26 (permalink) mralexanderb Coin Collector     Join Date: Feb 2007 Location: Northern California Posts: 1,964 My Mood: It's always a good practice to go over great coin buying advice before you buy on an impulse. Or at any time, for that matter. Thanks Carl for reminding us all again. Bruce __________________ This above all: to thine own self be true, And it must follow, as the night the day, Thou canst not then be false to any man.   07-05-2009, 09:41 AM   #27 (permalink) ldhair Coin Collector     Join Date: Dec 2007 Posts: 1,387 What a great list. The one that really hits home to me is #6. Quote: 6. Be aware of privacy and security concerns. It might not be fun to do so, but it's extremely important I wish someone had pounded this in my brain at a young age. I had to learn the hard way (actually twice) before I understood. It's fun to share this great hobby with friends but the more that know what you do and where it's kept the greater the chance of something bad can happen. I'm sure we all have had friends that turned out to be much less than we thought them to be. It's sad but true. Every collector needs to be careful. __________________ Larry   Page 2 of 2 < 1 2 Bookmarks Digg del.icio.us StumbleUpon Google Would you like to support CoinTalk? Coin Talk Code of Honor 1. Post unto others as you would have them post unto you. 2. Keep it clean, like a 1950s family television show. 3. If you don't like the coin, don't trash the person. « Happy 4th of July | What does the term Mule mean? » Thread Tools Show Printable Version Email this Page Display Modes Rate This Thread Linear Mode Switch to Hybrid Mode Switch to Threaded Mode Rate This Thread: 5 : Excellent 4 : Good 3 : Average 2 : Bad 1 : Terrible Posting Rules You may not post new threads You may not post replies You may not post attachments You may not edit your posts BB code is On Smilies are On [IMG] code is On HTML code is Off Trackbacks are On Pingbacks are On Refbacks are On Forum Rules Similar Threads Thread Thread Starter Forum Replies Last Post Coin Collecting for Kids dimedude1 Coin Chat 22 12-07-2008 08:34 PM Has roll collecting (hoarding) ruined our hobby? mikenoodle US Coins Forum 16 10-23-2008 01:14 AM Basic Coin Collecting wheels2285 Coin Chat 8 05-27-2008 05:35 PM some random thoughts on coin collecting... tradernick Coin Chat 7 04-05-2004 05:42 PM Long-Winded Unanswerable Question about Collecting Jerry Salley Coin Chat 4 10-16-2003 02:06 PM LinkBack LinkBack URL About LinkBacks

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