Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Can you advise me on a potential purchase without a picture?
>
Reply to Thread
Message:
<p>[QUOTE="GDJMSP, post: 3526790, member: 112"]True.</p><p><br /></p><p><br /></p><p><br /></p><p>Also true. However, that doesn't mean that you can't combine quality and bargains.</p><p><br /></p><p>For example, part of the reason that I used to love going to coin shows was so I could do exactly that. I'd walk the bourse carefully looking at everything whether it was something I liked or wanted or not. The goal was to pick out those coins that were of exceptional quality, I used to refer to them as coins for the discriminating collector, but were undergraded. Now the coins were most often raw, and graded by the seller/dealer, but slabbed examples were also carefully scrutinized.</p><p><br /></p><p>Say I saw a Frankie sitting in a display case, marked as MS63 and priced accordingly. But I knew for a fact that it would grade MS65, I'd grab it up and sell it to another dealer who also knew how to grade coins correctly - and sell it for a price 3, maybe 4 times what I had paid.</p><p><br /></p><p>Of course being able to do this, successfully, requires that one knows coins and knows the market - and make no mistake that's two different things. And each requires more than a bit of effort to accomplish. But when you do, life in numismatics gets a whole lot easier. The highest paid jobs there are in numismatics are for doing exactly the same thing. Big dealers and auction companies hire people whose sole job is to do what I used to do. The difference is, by working for a company you have company money behind you, so no matter how much the coin cost, you can still buy it. As an individual, well you gotta stay within your means. But, it can be done. You can combine quality and bargains <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 3526790, member: 112"]True. Also true. However, that doesn't mean that you can't combine quality and bargains. For example, part of the reason that I used to love going to coin shows was so I could do exactly that. I'd walk the bourse carefully looking at everything whether it was something I liked or wanted or not. The goal was to pick out those coins that were of exceptional quality, I used to refer to them as coins for the discriminating collector, but were undergraded. Now the coins were most often raw, and graded by the seller/dealer, but slabbed examples were also carefully scrutinized. Say I saw a Frankie sitting in a display case, marked as MS63 and priced accordingly. But I knew for a fact that it would grade MS65, I'd grab it up and sell it to another dealer who also knew how to grade coins correctly - and sell it for a price 3, maybe 4 times what I had paid. Of course being able to do this, successfully, requires that one knows coins and knows the market - and make no mistake that's two different things. And each requires more than a bit of effort to accomplish. But when you do, life in numismatics gets a whole lot easier. The highest paid jobs there are in numismatics are for doing exactly the same thing. Big dealers and auction companies hire people whose sole job is to do what I used to do. The difference is, by working for a company you have company money behind you, so no matter how much the coin cost, you can still buy it. As an individual, well you gotta stay within your means. But, it can be done. You can combine quality and bargains ;)[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Can you advise me on a potential purchase without a picture?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...