Must Read

silvrluvr · 07-09-2009, 10:41 AM

I'd like to start a new post with the following link, and see how others feel:

http://www.coinlink.com/News/comment...-cheap-enough/

silvrluvr · 07-09-2009, 11:14 AM

Sorry...I meant 'Good Read' and new thread.

Something to think about, from a dealers perspective at least. How do the dealers here feel about sub-par coins and how do you deal with them?

Thanks.

schatzy · 07-09-2009, 11:18 AM

I thought the comment at the bottom of the page by John Wray was the best.

schatzy · 07-09-2009, 11:23 AM

Quote:

Again, the biggest thing, you can not do this by yourself! Pay a professional 5% to look at the coins and help you, it is more than worth it.

This is only really good. I have asked many peoples opinion on a coin before I bought it. Its worth it to have someone hold the coin in hand before you buy it.

bobbeth87 · 07-09-2009, 11:42 AM

Very good read.......

thanks for posting!

**GDJMSP** · 07-09-2009, 05:18 PM

Quote:

Originally Posted by silvrluvr

Sorry...I meant 'Good Read' and new thread.

Something to think about, from a dealers perspective at least. How do the dealers here feel about sub-par coins and how do you deal with them?

Thanks.

That depends on the dealer. Some will sell the coins as is and what the slab says they are - full retail. But knowledgeable buyers won't be buying them.

Some dealers won't buy them at all so they don't have to worry about it.

Others will buy them cheap and sell them cheap. Somebody is always going to buy them - plastic buyers or hole fillers usually.

Something you as a collector should realize - the majority of coins out there are sub-par coins. You just have to be astute enough to recognize them and pass them by. Many don't.

silvrluvr · 07-10-2009, 08:38 PM

Anyone else?

Ardatirion · 07-10-2009, 08:56 PM

If the collector were familiar with the coins he was buying, this problem would never have arose.

tmoneyeagles · 07-10-2009, 09:02 PM

Yes cheap is not cheap enough, you don't go out and buy crap coins, no matter how great the deal, in the long run it will come back to haunt you.
I do not agree with the "Pay a professional" thing, that is ridiculous. If you can't buy coins, without having somebody hold you hand, well maybe buying coins isn't right for you, and you need to do some homework!
It is okay, asking for opinions on a coin, I do it, many people do it, but paying somebody is just down right ridiculous, when you shouldn't have to, what will they say "nice coin", and to think if you would have paid a little more attention to coins that sold, go to coin shows, and even buy the book on that certain series, you wouldn't have to pay anyone.

Cloudsweeper99 · 07-10-2009, 09:35 PM

I can't find much in the article to disagree with. Anyone who intends to purchase coins with significantly high prices certainly should be willing to pay a 5% fee to someone like Laura to choose only the highest quality -- unless they are very very confident of their skills and ability to go it alone. More collectors probably believe they have the skill than actually have it. It takes neither brains nor training to write huge checks based on the label on the slab so their neighbors can oooh and ahhhh over the coin. In theory this can be profitable. In practice a lot can go wrong.

Paddy54 · 07-10-2009, 09:43 PM

This bring to my mind of a car sales man My wife and I ran into when we were first married. long story short we were looking at a car when the sales man and another salesman with another couple tried to work " what I call the squeeze play" on us and the other couple! I let the other couple WIN! Number s don't lie...but even coins with a 2000 or less mintage will one day come into the market place. I waited many years to pick up my fleix schlag auto 1938 proof nickel! Don't be foolish to jump at what others say is the real deal.....TV coin shows has milked the golden cow of state quarters, until she has run dry! but...there are still people who believe that one day these will be worth lots of $$$$ ..... to me a state quarter is worth 15 mins of parking down town! Don't get caught up in a squeeze play ! Just a bit of advise. Paddy

silvrluvr · 07-10-2009, 09:52 PM

That comment by John Wray at the bottom of the page in the article about the ICG graded coins is pretty interesting.

coinman0456 · 07-10-2009, 10:03 PM

I have a saying: Cheap is expensive, and expensive is cheap!

Cloudsweeper99 · 07-10-2009, 10:12 PM

Quote:

Originally Posted by schatzy

I thought the comment at the bottom of the page by John Wray was the best.

It is certainly very important information that more people should seriously consider. Too many people are paying huge prices for 70s. I think there are 70s out there, but not as many as are in the holders. It'll probably take some sort of huge public scandal to change the way people think about it.

coinman0456 · 07-10-2009, 10:14 PM

70.........is a fantasy grade . and . and .

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