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<p>[QUOTE=&quot;BNB Analytics, post: 678641, member: 20117&quot;]I&#039;ve been very post happy lately and it&#039;s because I have an overwhelming enthusiasm for coins.</p><p><br /></p><p>With that said, I feel it&#039;s best to head down another road and instead of take value, give some based of my learnings in coins so far.</p><p><br /></p><p>I am by no means trying to come off as an expert. There are people here like Mark Feld who have been doing this for many more years than I have and to even to act like I know one ounce of what he knows would be foolish and irresponsible.</p><p><br /></p><p>Okay, onto the meat:</p><p><br /></p><p>In the coin world, I believe many find it hard to determine how much their coin is really worth. The biggest question I feel is, is my coin worth anything, if so how much?</p><p><br /></p><p><br /></p><p>Well, my answer:</p><p><br /></p><p>I believe if you don&#039;t have a super rare coin or a coin that holds great value(gold, morgans, etc) then your coin probably isn&#039;t worth much.</p><p><br /></p><p>Think about it this way.</p><p><br /></p><p>We&#039;re humans, we like nice beautiful hard to find things.</p><p><br /></p><p>We also(for most of us) like to take pride in our country by collecting it&#039;s currency.</p><p><br /></p><p>Out of the millions and millions of coins out there, what truly determines the value of your coin?</p><p><br /></p><p>Well, here&#039;s the answer from what I&#039;ve learned so far and what my uncle (who&#039;s a classic high end car dealer) taught me:</p><p><br /></p><p>Your coin is worth however much somebody is willing to pay for it.</p><p>Forget the guides, if your coin doesn&#039;t sell, you&#039;re not making any money bottom line.</p><p><br /></p><p>So, if you&#039;re a beginner in this, the best thing I think would be to invest your money into coins that people want and are easy to sell now and 20 years from now.</p><p><br /></p><p>Coins to me is much like trading stocks or currencies on the open exchange. Their are prices that people will pay and prices people feel is too high. However, some company&#039;s get little to no volume while others flourish in it. Why is that? Well, we perceive those companies to be great companies whether they are well marketed or heavily used, etc. If you can find the price where buyers agree is fair and heck, get in below that because you know ahead of time that buyers will gravitate towards that price, then you&#039;re doing the right thing.</p><p><br /></p><p>My motto that I&#039;ve adopted after making a few mistakes so far is, buy a key date commonly traded/commonly used coin for less than bid.(Preferably one that looks pretty) You may say,&quot;wow, no way, that&#039;s impossible&quot;. It&#039;s not. There are places like Heritage, shows, and maybe your Aunt Sally might have a coin she knows nothing about. That&#039;s how you find it. No other way. Done are the days of paying premiums, and boy, that&#039;s some advice I learned getting in this.</p><p><br /></p><p>Good deals are very rare. I mean TRUE good deals, not &quot;Oh, I got $200 less than the redbook&quot;. Ebay is probably one of the worst places to buy coins in my opinion. The coins are heavily over valued both on the buy and sell side. Good for a seller, bad for a buyer.</p><p><br /></p><p>Heritage, I believe is the opposite. Good for a buyer, bad for a seller.</p><p><br /></p><p>This is all my opinion but if one doesn&#039;t appreciate and understand how to find the true value of a coin by searching how much people are willing to pay for that coin from different places, then they are missing a giant piece to this game.</p><p><br /></p><p>I hope I did well explaining my point. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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