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<p>[QUOTE=&quot;Cloudsweeper99, post: 99164, member: 3011&quot;]As a coin-lover with an investment slant, here are a few of my thoughts:</p><p><br /></p><p>Regarding Ebay - Coins seem to be frequently bid up to about the maximum price you will find, partly because there are a lot of people who seem to be buying with a RedBook in front of them and no other information source.&nbsp; So sometimes coins will be overpriced and sometimes underpriced and you need more information than they have to tell the difference.</p><p><br /></p><p>Regarding Greysheet - The one dealer near me that operates a thoroughly professional operation openly buy any coin at current Greysheet price and sells coins at Greysheet plus 20%.&nbsp; I like this open and honest business approach.&nbsp; I don&#039;t expect a dealer to operate like a charity, but I don&#039;t like getting price-gouged either.</p><p><br /></p><p>Regarding High Grade Coins - Be very careful about accepting the advice to buy the highest grade you can afford if you are an investor.&nbsp; This is very standard advice that is repeated endlessly and thoughtlessly to anyone who indicates they are partly in this for investment purposes.&nbsp; It&#039;s the stock market equivalent of telling people to buy the highest price stock they can afford, and is the numismatic equivalent of the &quot;greater fool theory&quot; of investing.&nbsp; Life just isn&#039;t that simple.&nbsp; Sometimes buying an MS65 coin is the right decision.&nbsp; Sometimes buying 5 MS63 coins with the same date and mintmark for the same price as one MS65 makes better sense.</p><p><br /></p><p>Regarding Key Dates - This is another frequently repeated piece of advice that could get you financially killed.&nbsp; Key dates have outperformed in the past, and people automatically assume this will go on forever and will talk about sacrcity and other plausible factors to support the argument.&nbsp; This leads to the conclusion that no price is too high to buy a key date coin as long as it is listed in the Greysheet.&nbsp; But if a key date coins formerly sold for 10 times the price of a non-key, and subsequently sold for 20 times, and currently sells for 30 times, is it really wise to assume that in the future it is a very high probability event that it will sell for 40 times?&nbsp; </p><p><br /></p><p>Anyway, those are my opinions.&nbsp; You will read a lot of others who disagree with them.&nbsp; Keep in mind at all times that they may be right and I may be wrong.&nbsp; There are many people here with better numismatic credentials than I have; but I think I might have the edge over most of them in spotting good investment opportunities.[/QUOTE]</p><p><br /></p>

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