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<p>[QUOTE="cubenewb, post: 1047669, member: 25644"]I hardly think "bad buy" is the correct way to word it. Sure, I paid a premium, but it's not like if it went up higher and I sold it I wouldn't be passing that premium onto my buyers. eBay is a perfect example; silver may be 28.00 an ounce buy people are paying 35+ for it. Sure there are eBay fees, but I bet if I was to sell RIGHT NOW I'd only lose somewhere between 25-60 dollars (I might even make a small profit due to the price being higher now than when I bought it). I went into this full-well knowing there was a risk, and to be completely honest, I feel more comfortable with 20 ounces of ASE than I do with 650 cash. Judging by the length of your response I doubt you meant to be so blunt; you are definitely right in your contention that this is going to be a learning experience!</p><p><br /></p><p> </p><p><br /></p><p>I've got a little stash reserved for that already; I was a bigtime penny-searcher from about Nov 09 to May of 10 and I plucked out around ~450 wheats (nothing too special amongst them but cool all the same). I'm going to be getting into halves pretty soon, I think my efforts will be better rewarded in that realm of cherry picking.</p><p> </p><p> </p><p>I think you're definitely right, although I don't think I'd ever sell back to a dealer when it seems non-commercial buyers pay great prices themselves. But yes, this purchase was made perhaps too hastily, I probably should have shopped around a bit more, but I'm perfectly content with my actions and believe that the purchase, overall, was productive.</p><p> </p><p> </p><p>I was lucky enough to win 1st place in the ANA Lit. Awards for my division this past summer, and part of the prize was a 500.00 numismatic book voucher. Needless to say I've got the red book (my oldest one is from 2007, so I've been working with that publication for a couple years now), as well as tons of really great numismatic resources like the cherry-picker's guides, some fairly specific works on Morgans and other varieties, and a rather imposing "Encyclopedia of Paper Money" (currently using to 'crisp-ify' some fairly badly beaten bills in my collection, LOL). Your one of many who recommend searching halves; I'm looking into this currently <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie7" alt=":p" unselectable="on" unselectable="on" /></p><p><br /></p><p>Thanks for all the advice guys.[/QUOTE]</p><p><br /></p>
[QUOTE="cubenewb, post: 1047669, member: 25644"]I hardly think "bad buy" is the correct way to word it. Sure, I paid a premium, but it's not like if it went up higher and I sold it I wouldn't be passing that premium onto my buyers. eBay is a perfect example; silver may be 28.00 an ounce buy people are paying 35+ for it. Sure there are eBay fees, but I bet if I was to sell RIGHT NOW I'd only lose somewhere between 25-60 dollars (I might even make a small profit due to the price being higher now than when I bought it). I went into this full-well knowing there was a risk, and to be completely honest, I feel more comfortable with 20 ounces of ASE than I do with 650 cash. Judging by the length of your response I doubt you meant to be so blunt; you are definitely right in your contention that this is going to be a learning experience! I've got a little stash reserved for that already; I was a bigtime penny-searcher from about Nov 09 to May of 10 and I plucked out around ~450 wheats (nothing too special amongst them but cool all the same). I'm going to be getting into halves pretty soon, I think my efforts will be better rewarded in that realm of cherry picking. I think you're definitely right, although I don't think I'd ever sell back to a dealer when it seems non-commercial buyers pay great prices themselves. But yes, this purchase was made perhaps too hastily, I probably should have shopped around a bit more, but I'm perfectly content with my actions and believe that the purchase, overall, was productive. I was lucky enough to win 1st place in the ANA Lit. Awards for my division this past summer, and part of the prize was a 500.00 numismatic book voucher. Needless to say I've got the red book (my oldest one is from 2007, so I've been working with that publication for a couple years now), as well as tons of really great numismatic resources like the cherry-picker's guides, some fairly specific works on Morgans and other varieties, and a rather imposing "Encyclopedia of Paper Money" (currently using to 'crisp-ify' some fairly badly beaten bills in my collection, LOL). Your one of many who recommend searching halves; I'm looking into this currently :p Thanks for all the advice guys.[/QUOTE]
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