Yesterday i purchased this book entitled "How To Make Money In Coins Right Now" by Scott Travers. Ya I know what yoy collecters are thinking(Were collectors not investors) But to be a good collector, you must think like an investor and vice versa. This book is loaded with info. that can only help collec. I learned that a lot of the ms65 morgans (as an example) out ther because of resubmitting. Maybe up to 30 or 40 times. Collectors or investors might think that their coins might be high end for that grade, so they may submit them again and again untill they finally reach that grade. This, in turn, will throw off the whole count. So the PCGS reports, and all others are completly wrong. Maybe up to 30%. I learned that one of my PCGS slabbed morgans is counterfeit. It also has a whole chapter dedicated to asking questions to the presidents, and former pres., of the grading companies. I also found out that u can have the grading services dip your coins for u. Plus lots more usefull info. A very rewarding book. I almost read the whole thing in one day. THE MORE I LEARN, THE MORE I NEAD TO LEARN MORE CLAW
Travers is an excellent resource. I read his survival guide, and it really helped me with pre-purchase review, and brought to light a lot of things I didn't know about professionals who mess with coins and why slabs can be misleading. I think you will find a lot of people around here that are in agreement with you, although I have never read the particular title you brought up (I have heard of it).
If you want to make money, the easiest way is to buy gold and silver coins that have at least some numismatic value at prices not too far in excess of bullion value, put them away, and wait. If you can't find anything that fits that description, don't buy. My personal opinion [as opposed to fact] is that many if not most of the high end coins selling at a large premium to bullion value might or might not do well if the goal is to make money. It requires a certain flair and dedication to numismatics to do well financially. Some people will tell you to buy key date coins regardless of current price because that worked in the past. But as they say, past performance is no guarantee of future results; something that people have to periodically relearn. You will do better [in the sense of having a higher probability of success, but not necessarily make the most money] betting that the federal reserve note will continue to decline in value as it always has since it's creation than with just about any other approach. It's the closest thing to a sure thing in coin collecting. If your goal is to just enjoy the hobby whether it turns out to be profitable or not, ignore the above.
I bought high grade slabbed coins before registry system. Now I am into great eye appeal at any grade (and to a lesser degree keys). You won't go wrong buying beauty.
I read that book too - borrowed it from the library. It's definitely an excellent resource, and I would recommend it to all the CT people! Thanks for posting about it, claw! ~AJ
