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collecting strategically - Question re: future "investment" value
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<p>[QUOTE="Kasia, post: 3159732, member: 31533"]One thing you can do easily is start looking at pricing... in the red book, in mags or papers and also invest in a blue book. Because knowing or being able go look up the blue book price and then the 'retail' can give you some good info on what some dealer *might* pay you if you were selling and also what they might have paid for it (to some degree, still need to 'guess' if you don't know the dealer). Look up what is selling and what for on ebay. If you are with a series that is normally, over the past number of years at it's high point, then perhaps that is not the time to get into it. Realize that any time you get into coins, some selling mode may make things less than they were before so that people owning the coins may be 'forced' (because they cannot afford to keep it) to sell, and others may simply wait things out.</p><p><br /></p><p>Today I went to a coin show, and I took my blue book along. For the few coins I bought, I first looked up the 'value' in it, then looked at another pricing source.</p><p><br /></p><p>When either deciding to purchase (or not) or asking the dealer's best price (when I did) I at least had a range to consider if I was not super familiar with the price range.[/QUOTE]</p><p><br /></p>
[QUOTE="Kasia, post: 3159732, member: 31533"]One thing you can do easily is start looking at pricing... in the red book, in mags or papers and also invest in a blue book. Because knowing or being able go look up the blue book price and then the 'retail' can give you some good info on what some dealer *might* pay you if you were selling and also what they might have paid for it (to some degree, still need to 'guess' if you don't know the dealer). Look up what is selling and what for on ebay. If you are with a series that is normally, over the past number of years at it's high point, then perhaps that is not the time to get into it. Realize that any time you get into coins, some selling mode may make things less than they were before so that people owning the coins may be 'forced' (because they cannot afford to keep it) to sell, and others may simply wait things out. Today I went to a coin show, and I took my blue book along. For the few coins I bought, I first looked up the 'value' in it, then looked at another pricing source. When either deciding to purchase (or not) or asking the dealer's best price (when I did) I at least had a range to consider if I was not super familiar with the price range.[/QUOTE]
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