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Another 1878 7/8 lustre or no lustre
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<p>[QUOTE="GDJMSP, post: 1332509, member: 112"]When you say he doesn't give examples what you mean is he doesn't show you pictures in the book. Well there's a reason for that. It's because pictures cannot show you the difference, you have to see the coins in hand to see what he is talking about.</p><p> </p><p><br /></p><p><br /></p><p>What he's doing there is telling how his own personal tastes run. In other words he doesn't like coins with a lot of contact marks even if they are DMPL. personally, I agree with that thinking, I don't either.</p><p><br /></p><p>But there may be others who would prefer a marked up DMPL over a nearly mark free coin that is not DMPL. The deciding factor is nothing more than a choice between chocolate and vanilla.</p><p><br /></p><p><br /></p><p><br /></p><p>No, there is not.</p><p> </p><p><br /></p><p><br /></p><p>Yes, you have to see it in hand to understand it.</p><p> </p><p><br /></p><p><br /></p><p>Again, the answer is merely a matter of personal taste - a chocolate and vanilla choice. Ask 1000 people the same question and you'll a whole range of answers along with a bunch of qualifying statements of - if it has this, or if it has that, then I'd do this, or then I'd do that.</p><p> </p><p><br /></p><p><br /></p><p>Well that depends. The first thing you have to do is ask yourself a question - why are collecting to begin with ? In other words what is your goal, what is your reason for collecting ?</p><p><br /></p><p>If you are collecting with the idea of making a profit, give up now and quit because you won't.</p><p><br /></p><p>And trying to figure out what is appealing to others is like looking at all the people in the mall and trying to figure out what flavor of ice cream each of them likes. You'll be wrong more times than not in other words. So even attempting to do such a thing is kind of foolish. You cannot predict what will sell the best in the future for a couple of reasons. 1 - you have no idea of what will be popular down the road. 2 - prices on coins move up and down like a yo-yo, all the time. 3 - you cannot predict who your buyer will be. Each of those things, and more, affects the outcome.</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>What you are talking about is called knowing the market. But the market changes all the time. So the only way you can know the market is to keep up with the market. You have to study it in other words, watch it pretty much every day.</p><p><br /></p><p>Look at this graph - </p><p><br /></p><p>[ATTACH]152606.vB[/ATTACH]</p><p><br /></p><p><br /></p><p>That is what has happened with the prices of Morgan and Peace dollars over the last 10 years. Do you think there is any way you could have predicted any of that before it happened ? I'd have to say the vast majority of people would have to answer no to that question. And the reason they'd have to answer no is because they don't watch and study the market. They may think they do, but they really don't. If they did, they'd all be millionaires. There is also a lot of guess work involved. And most people guess wrong.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 1332509, member: 112"]When you say he doesn't give examples what you mean is he doesn't show you pictures in the book. Well there's a reason for that. It's because pictures cannot show you the difference, you have to see the coins in hand to see what he is talking about. What he's doing there is telling how his own personal tastes run. In other words he doesn't like coins with a lot of contact marks even if they are DMPL. personally, I agree with that thinking, I don't either. But there may be others who would prefer a marked up DMPL over a nearly mark free coin that is not DMPL. The deciding factor is nothing more than a choice between chocolate and vanilla. No, there is not. Yes, you have to see it in hand to understand it. Again, the answer is merely a matter of personal taste - a chocolate and vanilla choice. Ask 1000 people the same question and you'll a whole range of answers along with a bunch of qualifying statements of - if it has this, or if it has that, then I'd do this, or then I'd do that. Well that depends. The first thing you have to do is ask yourself a question - why are collecting to begin with ? In other words what is your goal, what is your reason for collecting ? If you are collecting with the idea of making a profit, give up now and quit because you won't. And trying to figure out what is appealing to others is like looking at all the people in the mall and trying to figure out what flavor of ice cream each of them likes. You'll be wrong more times than not in other words. So even attempting to do such a thing is kind of foolish. You cannot predict what will sell the best in the future for a couple of reasons. 1 - you have no idea of what will be popular down the road. 2 - prices on coins move up and down like a yo-yo, all the time. 3 - you cannot predict who your buyer will be. Each of those things, and more, affects the outcome. What you are talking about is called knowing the market. But the market changes all the time. So the only way you can know the market is to keep up with the market. You have to study it in other words, watch it pretty much every day. Look at this graph - [ATTACH]152606.vB[/ATTACH] That is what has happened with the prices of Morgan and Peace dollars over the last 10 years. Do you think there is any way you could have predicted any of that before it happened ? I'd have to say the vast majority of people would have to answer no to that question. And the reason they'd have to answer no is because they don't watch and study the market. They may think they do, but they really don't. If they did, they'd all be millionaires. There is also a lot of guess work involved. And most people guess wrong.[/QUOTE]
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Another 1878 7/8 lustre or no lustre
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