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<p>[QUOTE=&quot;Roman Collector, post: 4879873, member: 75937&quot;]Keep in mind that while I have certain interests, I am a magpie collector and I&#039;ll always find something whenever I&#039;m in the mood to acquire a coin. My collecting style is the opposite of investors: I would rather have ten $50 dollar coins than a single $500 coin. I&#039;m also not too picky about grade. I know I&#039;m not going to recover my &quot;investment&quot; on the majority of them. I collect because I enjoy the hobby. </p><p><br /></p><p>So take my strategy with these caveats in mind.</p><p><br /></p><p>I typically bid such that about 1/4 to 1/3 of my bids are successful. I figure that&#039;s about right -- if I&#039;m winning every lot, I&#039;m overpaying; if I lose every lot, I&#039;m being unrealistic. I bid what I am willing to pay and wait for the invoice. </p><p><br /></p><p>Occasionally, I&#039;ll bid crazy on a coin that I simply &quot;had to have.&quot; I&#039;ll take a loss on these coins, I&#039;m sure. </p><p><br /></p><p>I don&#039;t generally bid in high-end auctions. You know the ones -- the ones with the Greek decadrachms and the Roman aureii. I participate in the ones with the VF denarii and the interesting but low-end Roman provincial coins. I know how to attribute my coins and I don&#039;t need the auctioneer identifying every lot for me. </p><p><br /></p><p>Every once in a while I&#039;ll pick up an unrecognized rarity -- and by that I mean a coin that may be only the fourth of fifth known example, and I&#039;m not talking about flyspeck varieties, either. When it does come time to sell, though, I&#039;ll consign these to knowledgeable, high-end firms who will advertise them as the rarities they are, such as CNG, Berk, and yes, Heritage. </p><p><br /></p><p>I don&#039;t worry about the process much. I win some, I lose some, I overpay on some but get some bargains along the way. It all comes out in the wash, I think.[/QUOTE]</p><p><br /></p>

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