Message:

<p>[QUOTE=&quot;pondman, post: 753182, member: 21898&quot;]You are discussing markets.</p><p>&nbsp;</p><p>People with knowledge have an advantage over the illiterate. </p><p>&nbsp;</p><p>In addition people submit coins for sale, whether at a coin convention, estate sale, auction (including ebay), flea market, or a coin club for many different reasons, including lack of knowledge and financial distress. Within the process there is a level of risk. You have to take into your purchasing decision the percentage of fraud and misrepresentation and people who would rob you. You have to wade through the clutter of tumbled, worthless junk. </p><p>&nbsp;</p><p>Most of us can spot the fraud. I personally bought a coin (on ebay) which had 1/5 of the coin cut away, probably with bolt cutters. Wouldn&#039;t have bought it if the buyer was legit. I had to suck it up. </p><p>&nbsp;</p><p>On the other hand many of us can spot value, whether for our own collection, or to flip for a profit. I&#039;ve been offered raw coins within my area of interest (U.S. 1/2 cents, large cents, and Peace dollars ) at below market, because dealers don&#039;t want to spend their time and their money submitting and/ or selling. And we all have been offered coins for extremely high prices because the seller didn&#039;t care if we had a sandwich to eat or not. So most of us have an understanding of monetary value.</p><p>&nbsp;</p><p>Recognizing the coin market is dynamic, with many human motivations (including the OP&#039;s observation regarding luck), will help you purchase coins either for you collection, or for reselling. Cynism is just a result of the unknown.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in