Unhappy with a couple coins I bought.

Discussion in 'Coin Chat' started by Detecto92, Dec 31, 2012.

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  1. largecent37

    largecent37 Coin Collector

    I know nothing about CBHs but I would advise to buy coins only when you trust the seller very much or can see the coin in hand. But if you can sell this one for close to what you payed for it, "no harm, no foul". Lesson learned and please be more cautious in the future.
     
    largecent37, Jan 1, 2013
    #21 + Quote Reply
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  3. GDJMSP

    GDJMSP Numismatist Moderator

    Buying coins when you can look at them in hand is great. But in all honesty, if you don't have the ability to authenticate the coin, to properly grade the coin, and the ability to recognize any of the various kinds of problem coins when you see one, and know the coin market - then seeing them in hand isn't going to be much better than looking at pictures of them. At least not for buying purposes. There is a lot, and I mean a lot, to knowing coins. Unfortunately there are a lot of people who "think" they know enough.

    You want to know how to tell if you are beginning to know enough ? It's easy, it's when you truly realize, and understand, how much there is that you don't know yet.
     
    GDJMSP, Jan 2, 2013
    #22 + Quote Reply
  4. scottishmoney

    scottishmoney Buh bye

    ...What Doug said! :yes:
     
    scottishmoney, Jan 2, 2013
    #23 + Quote Reply
  5. rodeoclown

    rodeoclown Dodging Bulls

    There is always something to learn in every field. With that said, I don't care how much you know about a particular subject, everyone is still a newbie forever. ;)
     
    rodeoclown, Jan 2, 2013
    #24 + Quote Reply
  6. Sandy59

    Sandy59 New Member

    This is so true as most of you know I have a ANTIQUE & COLECTIBLE BOOTH besides collecting coins for a past time .
    I have learned by mistakes that there is a time to quit bidding just because you think it is unique and it may sell
    It is very dissapointing to purchase something and it sets on a shelf because I thought it was a great buy, and also they are right - Research , research , research ask questions .
    Wife bought me a kindle fire for christmas just to keep research books insuch as the CHERRY PICKERS GUIDE among other books I study for the numerous types of collectibles I purchase .
     
    Sandy59, Jan 2, 2013
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  7. medoraman

    medoraman Well-Known Member

    I understand Doug, but I was advocating looking at all CBH's, and from that maybe he could gleam why some coins were slabbed, why some were details grade, and to see in person the issues that can come with these coins.

    So, everything you said of course should be studied, but I would say you can read about them all you want but until you handle a few thousand of them your reading isn't terribly valuable.
     
    medoraman, Jan 2, 2013
    #26 + Quote Reply
  8. brg5658

    brg5658 Supporter! Supporter

    And Doug, what's it like once you get past that and know everything? Do tell... ;) :devil:
     
    brg5658, Jan 2, 2013
    #27 + Quote Reply
  9. GDJMSP

    GDJMSP Numismatist Moderator

    Don't know, I never met anybody who could tell me ;)
     
    GDJMSP, Jan 2, 2013
    #28 + Quote Reply
  10. GDJMSP

    GDJMSP Numismatist Moderator

    No it isn't. But the reading is the first step. Without doing the reading and studying first, you won't know what you are even looking at when you see it.

    Looking at thousands and thousands and thousands of coins is the second step.


    edit - It's kind of like getting dressed. If you put your boots on first, getting your pants on is gonna be a real pain :D
     
    GDJMSP, Jan 2, 2013
    #29 + Quote Reply
  11. medoraman

    medoraman Well-Known Member

    We can agree to disagree to a point. I remember reading about all of these things AFTER I had seen tons of them sure made the reading more informative and real to me.

    Point being, though, both of these things are needed to really understand a coin series. Neither in isolation will increase your knowledge to expert, (or even intermediate), level on their own. Doing neither is simply becoming a sucker.
     
    medoraman, Jan 2, 2013
    #30 + Quote Reply
  12. coleguy

    coleguy Coin Collector

    The fact is, not everyone in this hobby is going to become a scholar of numismatics. But, it sure helps when they initiate at least a little bit of learning from those who are.
     
    coleguy, Jan 2, 2013
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  13. scottishmoney

    scottishmoney Buh bye

    The best lesson I can remember in that step was going through several hundred $20 Libs back when they got real cheap briefly - they were coming out of bank vaults over in Europe like a flood for a brief time. It was fun sorting out what would grade and what would be body bagged.
     
    scottishmoney, Jan 2, 2013
    #32 + Quote Reply
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