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<p>[QUOTE="National dealer, post: 7375, member: 487"]Here is a question that comes up pretty frequently.</p><p><br /></p><p>Cheap is a misnomer. </p><p>Many people want to buy as many coins as they can for their money. Most seasoned collectors and dealers will tell you that this is the wrong approach. </p><p>Buying a roll of Indian cents for $50 is all fine and dandy, but a better buy would be 1 nice brilliant uncirculated Indian cent for $50.</p><p>When buying coins, buy the best coin you can for your price. This will always be a better buy. You will be happier with your coin, and the price when it comes time to sell will be better. </p><p>Now take into consideration that cheap is a relative term. </p><p><br /></p><p>Example: If I offered you a MS-65 1896-O Morgan dollar for $140,000 that would be "cheap".</p><p>The dealer that bought the last 1913 Liberty Nickel for $3 million thought that was cheap. In my opinion he was right.</p><p><br /></p><p>Good deals are buying a coin high in the grade. Example would be buying a very sharp EF 45 coin for EF 40 money. If you learn to cherry pick the coins, you will find the deal not so much in the sticker price, but what you are getting for your money. </p><p><br /></p><p>There are so many people in this hobby that think cheap is good. Look at how QueenKoin picks her coins. That is an eye for quality. When you develope that instinct for good coins, deals happen.</p><p><br /></p><p>Don't grab the first coin that hits your price. These are your hard earned dollars you are spending. Be choosy. Never settle for what is close. Buy what is good.[/QUOTE]</p><p><br /></p>
[QUOTE="National dealer, post: 7375, member: 487"]Here is a question that comes up pretty frequently. Cheap is a misnomer. Many people want to buy as many coins as they can for their money. Most seasoned collectors and dealers will tell you that this is the wrong approach. Buying a roll of Indian cents for $50 is all fine and dandy, but a better buy would be 1 nice brilliant uncirculated Indian cent for $50. When buying coins, buy the best coin you can for your price. This will always be a better buy. You will be happier with your coin, and the price when it comes time to sell will be better. Now take into consideration that cheap is a relative term. Example: If I offered you a MS-65 1896-O Morgan dollar for $140,000 that would be "cheap". The dealer that bought the last 1913 Liberty Nickel for $3 million thought that was cheap. In my opinion he was right. Good deals are buying a coin high in the grade. Example would be buying a very sharp EF 45 coin for EF 40 money. If you learn to cherry pick the coins, you will find the deal not so much in the sticker price, but what you are getting for your money. There are so many people in this hobby that think cheap is good. Look at how QueenKoin picks her coins. That is an eye for quality. When you develope that instinct for good coins, deals happen. Don't grab the first coin that hits your price. These are your hard earned dollars you are spending. Be choosy. Never settle for what is close. Buy what is good.[/QUOTE]
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