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Determining the Right Grade to Buy for Investor Value.
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<p>[QUOTE="GDJMSP, post: 684738, member: 112"]Graphs ? No, those PCGS graphs are the only ones even in existence that I know of. There are a couple other web sites that make attempts at graphing things, but I don't have a lot of confidence in them. If you have the trading history you say you do, then you know that graphs can be manipulated quite easily.</p><p><br /></p><p>Statistics ? Yeah, plenty. Just pick up a coin magazine and read it. It's no secret the market is going south and has been for some time. Then read any of the published market reports by some of the major dealers. Buy some older Grey Sheets, you can get 'em for under $3 each. Then compare them to the new Grey Sheets. It aint hard to see.</p><p><br /></p><p>In recent weeks I've posted a couple of times about specific coins, what you call money coins, coins that sold last year for $100,000-$150,000 each. This year they sold for $50,000-$75,000 each.</p><p><br /></p><p>All of this is published information that anybody who pays attention and reads can see for themselves. They don't need me to tell them. But since you're just starting down this road - I've been trying to tell you. </p><p><br /></p><p>Now is not the time to do this in my opinion. In fact, it is my opinion that there is never a time to invest in coins. Coins should be purchased because you like them, you enjoy them - and for no other reason. Never spend 1 dime on a coin that you can't afford to just throw away is my advice.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 684738, member: 112"]Graphs ? No, those PCGS graphs are the only ones even in existence that I know of. There are a couple other web sites that make attempts at graphing things, but I don't have a lot of confidence in them. If you have the trading history you say you do, then you know that graphs can be manipulated quite easily. Statistics ? Yeah, plenty. Just pick up a coin magazine and read it. It's no secret the market is going south and has been for some time. Then read any of the published market reports by some of the major dealers. Buy some older Grey Sheets, you can get 'em for under $3 each. Then compare them to the new Grey Sheets. It aint hard to see. In recent weeks I've posted a couple of times about specific coins, what you call money coins, coins that sold last year for $100,000-$150,000 each. This year they sold for $50,000-$75,000 each. All of this is published information that anybody who pays attention and reads can see for themselves. They don't need me to tell them. But since you're just starting down this road - I've been trying to tell you. Now is not the time to do this in my opinion. In fact, it is my opinion that there is never a time to invest in coins. Coins should be purchased because you like them, you enjoy them - and for no other reason. Never spend 1 dime on a coin that you can't afford to just throw away is my advice.[/QUOTE]
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