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<p>[QUOTE="Bob Evancho, post: 3505564, member: 84595"]You can never lose money on the beauty of a coin if you don't sell it in a panic state because the price of gold or silver has dropped. Never buy a coin thinking you will make instant wealth. I've been a coin collector for 64 years. The coin you purchased is an AU. There are various subjective grades of AU. 50, 53, 55, 58. I won't even mention the + grades or the stickered coin holders. I won't even mention cleaning since it is another subjective subject. A piece of cotton will scratch a coin and so will a piece of steel wool or like many young collectors did in the past with an eraser (hmm, do they make pencils with erasers anymore?). The moderator has mentioned some good books on grading and counterfeit detection. I like Q. David Bower's book with the interesting reading before he gets to grading. My library has cost me over $4,000 with many books on die characteristics. I also have many books on grading and counterfeit detection. Detecting counterfeit gold, the Omega counterfeits. So much to learn, take your time. Then there are the error books and cherry pickers guides. Take things slowly as you become a serious coin collector. If you like a particular series, such as the St. Gaudens $20, buy a book on the series and learn the characteristics of the coin. Like your profession, read and study. Many of us continue to study even as we advance in age. Enjoy coin collecting, it's a great hobby.[/QUOTE]</p><p><br /></p>
[QUOTE="Bob Evancho, post: 3505564, member: 84595"]You can never lose money on the beauty of a coin if you don't sell it in a panic state because the price of gold or silver has dropped. Never buy a coin thinking you will make instant wealth. I've been a coin collector for 64 years. The coin you purchased is an AU. There are various subjective grades of AU. 50, 53, 55, 58. I won't even mention the + grades or the stickered coin holders. I won't even mention cleaning since it is another subjective subject. A piece of cotton will scratch a coin and so will a piece of steel wool or like many young collectors did in the past with an eraser (hmm, do they make pencils with erasers anymore?). The moderator has mentioned some good books on grading and counterfeit detection. I like Q. David Bower's book with the interesting reading before he gets to grading. My library has cost me over $4,000 with many books on die characteristics. I also have many books on grading and counterfeit detection. Detecting counterfeit gold, the Omega counterfeits. So much to learn, take your time. Then there are the error books and cherry pickers guides. Take things slowly as you become a serious coin collector. If you like a particular series, such as the St. Gaudens $20, buy a book on the series and learn the characteristics of the coin. Like your profession, read and study. Many of us continue to study even as we advance in age. Enjoy coin collecting, it's a great hobby.[/QUOTE]
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