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<p>[QUOTE="AncientGalleonLLC, post: 3700087, member: 72483"]Doug, While few posts, you got me to post again. While Phil Mickelson may not ever come/post here, he has been known to use a Morgan Dollar, 1900 If I remember correctly, as a ball mark in the Pebble Beach event, Not sure if he continues to do or not but pretty cool right? Maybe, a nice Republican Denarius which has held its value as a days wage for over 2000 years may entice as a better size ball mark.</p><p><br /></p><p>Regarding the original posters question. Ancient Coins can be an investment. As Ken posted, yes people can make money. Unfortunately the majority will not and many really don't care to or will not do what is necessary to make it happen.</p><p><br /></p><p>Sad and currently true. In another market segment we specialize in, Conder Tokens, there are a few sellers on Ebay, who call themselves dealers (Actually one is but I can't figure out why he is selling things for less than he can sell them elsewhere), are selling slabbed Conder tokens for less than we buy them for (Auction Format)? On top of that they have fee's to pay. It's their right, not offended and don't need to bid on them and don't but it shows a real lack of knowledge or caring and leaves lots of money on the table for them. Ancients is the same way right now. I thing Ego gets in the way and people want to sell by quantity or profit. Yea, I don't get it. I can't think of another reason besides laziness. Knowledge is what keeps a dealer or collector in this business/hobby. A lack of real knowledge is what ends up preventing many collectors from making money if that's their goal. Here is another sad one, another dealer calls up, says, I need you to see and quote a price for this large collection, a quote is given and the dealer gives the collector much less and sells them for higher to the dealer. It happens all the time and is sad. All the best, Joe </p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>QUOTE="dougsmit, post: 3699770, member: 19463"]The above pretty well sums up my feelings on the matter.</p><p><br /></p><p><br /></p><p>I have known several golfers but none that spent that little on fees, equipment, travel, tickets to watch the pros and whatever else there was. For a reason I will never understand, I enjoy watching golf on TV and will extend an open invitation to Phil Mickelson to join us here on Coin Talk should he decide to collect ancient coins as long as he promises not to ask me to go golfing. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie59" alt=":joyful:" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="AncientGalleonLLC, post: 3700087, member: 72483"]Doug, While few posts, you got me to post again. While Phil Mickelson may not ever come/post here, he has been known to use a Morgan Dollar, 1900 If I remember correctly, as a ball mark in the Pebble Beach event, Not sure if he continues to do or not but pretty cool right? Maybe, a nice Republican Denarius which has held its value as a days wage for over 2000 years may entice as a better size ball mark. Regarding the original posters question. Ancient Coins can be an investment. As Ken posted, yes people can make money. Unfortunately the majority will not and many really don't care to or will not do what is necessary to make it happen. Sad and currently true. In another market segment we specialize in, Conder Tokens, there are a few sellers on Ebay, who call themselves dealers (Actually one is but I can't figure out why he is selling things for less than he can sell them elsewhere), are selling slabbed Conder tokens for less than we buy them for (Auction Format)? On top of that they have fee's to pay. It's their right, not offended and don't need to bid on them and don't but it shows a real lack of knowledge or caring and leaves lots of money on the table for them. Ancients is the same way right now. I thing Ego gets in the way and people want to sell by quantity or profit. Yea, I don't get it. I can't think of another reason besides laziness. Knowledge is what keeps a dealer or collector in this business/hobby. A lack of real knowledge is what ends up preventing many collectors from making money if that's their goal. Here is another sad one, another dealer calls up, says, I need you to see and quote a price for this large collection, a quote is given and the dealer gives the collector much less and sells them for higher to the dealer. It happens all the time and is sad. All the best, Joe QUOTE="dougsmit, post: 3699770, member: 19463"]The above pretty well sums up my feelings on the matter. I have known several golfers but none that spent that little on fees, equipment, travel, tickets to watch the pros and whatever else there was. For a reason I will never understand, I enjoy watching golf on TV and will extend an open invitation to Phil Mickelson to join us here on Coin Talk should he decide to collect ancient coins as long as he promises not to ask me to go golfing. :joyful:[/QUOTE]
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