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<p>[QUOTE=&quot;AncientJoe, post: 1806239, member: 44357&quot;]Personally, I&#039;ve been working to avoid budget coins wherever possible. That&#039;s not to say one should only buy expensive coins, but focus on buying coins which are very nice for the type and grade.</p><p><br /></p><p>I&#039;m not familiar with the sale mentioned by the OP, but it sounds like it was sight-unseen? I&#039;ve never even been a buyer of US coins sight-unseen, let alone ancients. I&#039;d strongly advise to stay away from that type of sale, especially when you just bought a coin and expect to not have it for long - transaction costs can be expensive with coins. I imagine that most dealers will have been given the opportunity to &quot;pick through&quot; these coins ahead of the sale as well, so you&#039;re probably not going to find a major rarity which went missed.</p><p><br /></p><p>I&#039;m building my collection slowly with the intent to hold onto each of the coins I buy now for 20+ years, which is a <i>long </i>time in today&#039;s collecting age. This means that whenever I buy a new coin, it has to be something I&#039;ll be happy to look at for the next 20 years.</p><p><br /></p><p>As stated famously by Warren Buffet: “Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.”[/QUOTE]</p><p><br /></p>

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