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<p>[QUOTE="GDJMSP, post: 8080653, member: 112"]I agree with ya John, a 100%. And it's true because a sizable percentage of dealers are knowledgeable buyers, they know the real world value of coins at any given time. And of course collectors can be knowledgeable buyers as well, but sadly most of them are not. The majority of collectors base their buying decisions on emotion, not the real world value of coins. And as a result it is beyond extremely common for them to overpay - when a knowledgeable buyer will not. They will simply walk away when the price exceeds real world value.</p><p><br /></p><p>Now a lot of folks don't like to hear this because it makes them think less of themselves, it makes them feel bad. And that's completely understandable and completely reasonable. But it is also how we learn from our mistakes, it is how we take the first steps on the road to knowledge, it is how we become knowledgeable buyers as well. And once you do that, well, you feel a whole lot better about yourself <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /></p><p><br /></p><p>But be aware folks, and this is not directed at you John, it's directed to any and all who read this - that road to knowledge does not run through price guides ! Price guides, all price guides, should have a great big sign on 'em that says - WRONG WAY ! Turn around and go back ![/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 8080653, member: 112"]I agree with ya John, a 100%. And it's true because a sizable percentage of dealers are knowledgeable buyers, they know the real world value of coins at any given time. And of course collectors can be knowledgeable buyers as well, but sadly most of them are not. The majority of collectors base their buying decisions on emotion, not the real world value of coins. And as a result it is beyond extremely common for them to overpay - when a knowledgeable buyer will not. They will simply walk away when the price exceeds real world value. Now a lot of folks don't like to hear this because it makes them think less of themselves, it makes them feel bad. And that's completely understandable and completely reasonable. But it is also how we learn from our mistakes, it is how we take the first steps on the road to knowledge, it is how we become knowledgeable buyers as well. And once you do that, well, you feel a whole lot better about yourself ;) But be aware folks, and this is not directed at you John, it's directed to any and all who read this - that road to knowledge does not run through price guides ! Price guides, all price guides, should have a great big sign on 'em that says - WRONG WAY ! Turn around and go back ![/QUOTE]
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