Doug Winter Numismatics

Discussion in 'Coin Chat' started by Owle, Feb 14, 2012.

  1. Owle

    Owle Junior Member

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  3. JCB1983

    JCB1983 Learning

    I've enjoyed reading some of his articles. Doug Winters is the man.
     
  4. mill rat41

    mill rat41 Member

    As a gold coin collector I really enjoy his inventory and blogs. I've always wondered though if these types of coins are liquid? Let's say you buy an 184x eagle in au50 for $3500 and wind up needing some quick cash ; is the local dealer going to be able to make you an offer you can live with?
     
  5. GDJMSP

    GDJMSP Numismatist Moderator

    In this day and age it doesn't matter if local dealer can or not. There are a 100, a 1,000 others who can. But I suppose your answer depends on how you define "quick".
     
  6. Owle

    Owle Junior Member

    Actually, there are a number of no motto common dates for under $1000 in AU. I bought one raw for a little over melt and got it into an AU58 holder.

    When buying from a big shot "authority" like Mr. Winter (which I would not recommend--rather use his info. and buy from a discount seller), I would ask what his spread is? If it is more than 20%, we have a problem Houston! You buy for $5000 and he will buy back a month later for $3500? And we are talking just one coin? That is unethical IMO. If you have just won the lottery or are the beneficiary of a seven figure insurance payout, then it may not be such a problem, but as an "investment", you gotta be kidding me. I remember in one of Scott Travers books he quoted from a Mr. Ford who had some very critical things to say about the show circuit boys. I have not been able to dig out the quote.

    My recommendation when buying high end rarities is to first decide why you are buying; secondly make sure it is a good deal; third have an exit strategy should you need the money.
     
  7. GDJMSP

    GDJMSP Numismatist Moderator

    Have you ever actually ever asked that question ? More importantly, have you actually ever got a dealer to answer that question ?
     
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