Reply to Thread

Message:: [QUOTE="Hobo, post: 324270, member: 11521"]Stainless, I know you are eager to get involved in coin collecting but you need to slow down before you make an expensive mistake. The questions you asked on this thread indicate that you do not understand some very, very basic concepts of this hobby.  You absolutely need to learn some of the fundamentals before you start buying coins. Otherwise you will become the victim of an unscrupulous dealer and get ripped off. That will sour you on the hobby and you will abandon coin collectin because "the dealers are all ripoffs". I mailed you a 2007 Red Book the other day. Also included are a few back issues of the Numismatis (ANA's monthly magazine) as well as some other goodies. These are my gift to you. No charge.  Please read the Red Book - especially the 'Welcome To Numismatics' section. Make sure you understand mintmarks and how they affect the value of a coin. Study the Morgan dollar section and notice the relationship between mintage and value. The same relationship generally holds true for all other issues as well. (Exceptions exist. Carson City minted 10,000 Twenty Cent pieces in 1876 but practically all were melted. The few that survived are extremely rare and are priced accordingly.)  You are young. You have plenty of time to learn about coins and enjoy the hobby. Knowledge is power. Use it.[/QUOTE]