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Another 1878 7/8 lustre or no lustre
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<p>[QUOTE="DavidinCA, post: 1332766, member: 34905"]First, thanks for sharing your thoughts and I especially like the graph.</p><p><br /></p><p>I guess I ask mayself the question of what is my goal IF I do buy a coin or eventually expand it to some kind of collection. I really don't know. What I do know is ever since childhood (I'm 49) and the GSA offering those CC Morgans when I couldn't have them because of not having any money as a youngster (grew up in the SJ Bay Area and took some trips to Lake Tahoe and Carson City) and my parents being not interested . . . I've wanted to have a coin or two or three with CC mint mark. But what I don't want is a cheap coin that is of no interest to anyone except those that are scrambling around in the basement bins looking for a bargain, when the ones are there for a reason - either over looked by the Pros, or not worth having except for the value of the silver. </p><p><br /></p><p>I doubt anyone buys anything in terms of a stock in the stock market or an antique car or stamps or art work and say hey, here's my wad of cash and I hope I loose money on the transaction! Most folks, at least in my humble opinion, don't plunk down huge sums of money on anything, not even a house and expect to wake up tomorrow with less. They hope to at least sell for what they have into it or make some $$. That's the hope. It's not necessarily the case. So I differ in your opinion that one won't make money by buying a coin now and turning a profit. I think it's possible. Whether that's what will happen 5 years after I buy this coin, or any coin, no one knows . . .</p><p><br /></p><p>My attempt here with all the question is just to ask . . . even if the questions seem obvious . . . or not so obvious . . . as the book, although a good read, of course doesn't provide those "picture" to give the novice a true idea of differences in quality. And the days of the 70s when coin stores with huge selections were right around the corner are few it seems. And in my area, it's really a pain to have to drive 2 hours just for a coin show that takes place once or twice a year. Either you make it, or you don't. Therefore, the internet gives me at least another option. BUT there's so much in terms of availability of coins that it seems what was rare or scarce, because of the Internet, doesn't seem so. That's what's spooky to me. The prices folks are paying on EBay for an assumed coin of good quality, without physically seeing it and the coin isn't even graded by a major service - that doesn't make sense. . . .other than maybe we are seeing a frenzy of buying just to buy because it is a coin with a mark.[/QUOTE]</p><p><br /></p>
[QUOTE="DavidinCA, post: 1332766, member: 34905"]First, thanks for sharing your thoughts and I especially like the graph. I guess I ask mayself the question of what is my goal IF I do buy a coin or eventually expand it to some kind of collection. I really don't know. What I do know is ever since childhood (I'm 49) and the GSA offering those CC Morgans when I couldn't have them because of not having any money as a youngster (grew up in the SJ Bay Area and took some trips to Lake Tahoe and Carson City) and my parents being not interested . . . I've wanted to have a coin or two or three with CC mint mark. But what I don't want is a cheap coin that is of no interest to anyone except those that are scrambling around in the basement bins looking for a bargain, when the ones are there for a reason - either over looked by the Pros, or not worth having except for the value of the silver. I doubt anyone buys anything in terms of a stock in the stock market or an antique car or stamps or art work and say hey, here's my wad of cash and I hope I loose money on the transaction! Most folks, at least in my humble opinion, don't plunk down huge sums of money on anything, not even a house and expect to wake up tomorrow with less. They hope to at least sell for what they have into it or make some $$. That's the hope. It's not necessarily the case. So I differ in your opinion that one won't make money by buying a coin now and turning a profit. I think it's possible. Whether that's what will happen 5 years after I buy this coin, or any coin, no one knows . . . My attempt here with all the question is just to ask . . . even if the questions seem obvious . . . or not so obvious . . . as the book, although a good read, of course doesn't provide those "picture" to give the novice a true idea of differences in quality. And the days of the 70s when coin stores with huge selections were right around the corner are few it seems. And in my area, it's really a pain to have to drive 2 hours just for a coin show that takes place once or twice a year. Either you make it, or you don't. Therefore, the internet gives me at least another option. BUT there's so much in terms of availability of coins that it seems what was rare or scarce, because of the Internet, doesn't seem so. That's what's spooky to me. The prices folks are paying on EBay for an assumed coin of good quality, without physically seeing it and the coin isn't even graded by a major service - that doesn't make sense. . . .other than maybe we are seeing a frenzy of buying just to buy because it is a coin with a mark.[/QUOTE]
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Another 1878 7/8 lustre or no lustre
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