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<p>[QUOTE="GDJMSP, post: 664519, member: 112"]BNBAnalytics - </p><p><br /></p><p>What you are hopefully understanding from the replies is that investing in coins carries a high risk, even for those who are very knowledgeable. A rookie will likely lose his shorts. Personally, I would tell you to forget about it and pursue other investments.</p><p><br /></p><p>But if you are bound and determined to pursue this avenue then you need to learn, and that takes a while. During your learning you also have to make some decisions, like how much you are going to invest. Generic coins are definitely not the way to go. As was said, only the keys are really worthwhile, and then only the best of the keys. That means a lot of money ! 1916-D dimes for example, even in G4 condition, which is about as bad as it gets, go for around $900. Get the idea ?</p><p><br /></p><p>Then you absolutely have to decide on a dealer to use. But that will depend on how much money you want to spend, for some dealers, like Legend who was mentioned, generally only deal in very high dollar coins. Coins that are many thousands each. Yeah they have some that are cheaper, but as I said in the beginning generic coins are not the way to go.</p><p><br /></p><p>Now there are plenty of good and highly respected dealers out there, but your budget will determine which one or ones to use. So once you make your decisions, assuming you decide to proceed, then we can be of more help. Until then you are spinning your wheels.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 664519, member: 112"]BNBAnalytics - What you are hopefully understanding from the replies is that investing in coins carries a high risk, even for those who are very knowledgeable. A rookie will likely lose his shorts. Personally, I would tell you to forget about it and pursue other investments. But if you are bound and determined to pursue this avenue then you need to learn, and that takes a while. During your learning you also have to make some decisions, like how much you are going to invest. Generic coins are definitely not the way to go. As was said, only the keys are really worthwhile, and then only the best of the keys. That means a lot of money ! 1916-D dimes for example, even in G4 condition, which is about as bad as it gets, go for around $900. Get the idea ? Then you absolutely have to decide on a dealer to use. But that will depend on how much money you want to spend, for some dealers, like Legend who was mentioned, generally only deal in very high dollar coins. Coins that are many thousands each. Yeah they have some that are cheaper, but as I said in the beginning generic coins are not the way to go. Now there are plenty of good and highly respected dealers out there, but your budget will determine which one or ones to use. So once you make your decisions, assuming you decide to proceed, then we can be of more help. Until then you are spinning your wheels.[/QUOTE]
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