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<p>[QUOTE="jhinton, post: 1599335, member: 24410"]If you are already planning on upgrading, then why buy it in the first place? Upgrades should take place when A) Your knowledge increases and your collecting refines. B) Your coin is a true rarity and you are stuck with only being able to purchase a given example with the hope that a better one will turn up in the future. and C) You purchase a really nice coin but to your amazement you find an even better coin in the future, allowing you to own two really nice examples or to keep the better one and seller the other nice example.</p><p><br /></p><p>It should be noted that "really nice example" does not have to mean mint state but simply means a really nice example for the targeted grade of your collection; whether that grade is VF, EF, AU or MS66....</p><p><br /></p><p>If you are purchasing coins just to fill a hole or check a block, I think you are wasting your resources. </p><p><br /></p><p>You also keep mentioning prices like they are set in stone some where. "Book value" is just a guide and nothing more. Now, if you re-worded it to say "Not bad for $26, it trends in $48. then you got a good deal, you could sell it for $40 and then purchase a coin that you do not describe as "Not the best coin, but good details".</p><p><br /></p><p>I am not trying to be harsh, but this is a common coin and not really a nice example. If you would have saved a little longer you could have purchased a really nice example that you would not have to upgrade.</p><p><br /></p><p>I see this all the time at my local coin club. People will spend hundreds of dollars through out the year on common worn coins and not have anything to show for it. In fact, if they were to sell them in the future they would loose a large portion of what they spent trying to sell them. If they would have instead purchased only a few coins that year; that they chose for grade, strike and eye appeal, they would have some really nice coins and more than likely would make money if they chose to sell in the future.</p><p><br /></p><p>Just my opinion...[/QUOTE]</p><p><br /></p>
[QUOTE="jhinton, post: 1599335, member: 24410"]If you are already planning on upgrading, then why buy it in the first place? Upgrades should take place when A) Your knowledge increases and your collecting refines. B) Your coin is a true rarity and you are stuck with only being able to purchase a given example with the hope that a better one will turn up in the future. and C) You purchase a really nice coin but to your amazement you find an even better coin in the future, allowing you to own two really nice examples or to keep the better one and seller the other nice example. It should be noted that "really nice example" does not have to mean mint state but simply means a really nice example for the targeted grade of your collection; whether that grade is VF, EF, AU or MS66.... If you are purchasing coins just to fill a hole or check a block, I think you are wasting your resources. You also keep mentioning prices like they are set in stone some where. "Book value" is just a guide and nothing more. Now, if you re-worded it to say "Not bad for $26, it trends in $48. then you got a good deal, you could sell it for $40 and then purchase a coin that you do not describe as "Not the best coin, but good details". I am not trying to be harsh, but this is a common coin and not really a nice example. If you would have saved a little longer you could have purchased a really nice example that you would not have to upgrade. I see this all the time at my local coin club. People will spend hundreds of dollars through out the year on common worn coins and not have anything to show for it. In fact, if they were to sell them in the future they would loose a large portion of what they spent trying to sell them. If they would have instead purchased only a few coins that year; that they chose for grade, strike and eye appeal, they would have some really nice coins and more than likely would make money if they chose to sell in the future. Just my opinion...[/QUOTE]
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