Message:

<p>[QUOTE=&quot;kaparthy, post: 1833187, member: 57463&quot;]He put a lifetime into numismatics, beginning as a runner for coin stores when he was a child.&nbsp; He also was one of the biggest crooks in the hobby, which everyone knows, selling fakes, even to the Smithsonian. He also pursued material that no one else was interested in at the time, such as Presidential Indian Peace Medals.&nbsp; Everyone likes Buffalo Nickels and Seated Quarters and Indianhead Cents. Ford collected what no one else did.&nbsp; He lived, ate, and breathed numismatics. So, his lifetime collection sold for $60 million -- <b>after he died</b>. In fact, Ford took <b>huge losses over market estimates</b> to unload enough material to pay for his wife&#039;s cancer treatments: distressed sale = depressed prices.&nbsp; </p><p><br /></p><p>Numismatics is more like a Turkish bazaar than it is like the New York Stock Exchange. <b>Every deal is different. </b>No two people get the same price for the same item.&nbsp; That is the economic reality of laissez faire economics and an individualist culture.&nbsp; It is a fallacy to think that looking up items in a chart and multiplying by a factor will give you a general market price - it does not work that way for carriage bolts, OP-Amps, or prosthetic limbs, or anything else.</p><p><br /></p><p>As for evil people and good people, numismatics has its share of nice guys as collectors and dealers, as do brain surgery, pet grooming, and pizza delivery.&nbsp; But there are no Santa Clauses.</p><p><br /></p><p>I agree that you will get the most for your coins if you sell them yourself to other collectors -- with all the attendant headaches of that.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in