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<p>[QUOTE="MIGuy, post: 7871247, member: 116145"]My understanding is that some of our esteemed members are dealers and / or investors. I think it's amazing that some folks can make a business of coins. I, on the other hand, in terms of investment with my coins am a sucker, I'm in it for the fun, out of curiosity. I do sometimes sell (usually locally for cash) but that's not my interest or purpose in the hobby (for me it's a hobby). I am concerned about fraud - I bought some Morgans in a lot, one of which was the wrong weight (off by over 2 grams) so obviously a fake, but it looked right to me (one of the reasons I came here in the first place is to educate myself better about these things). I was rather shocked at the time - I submitted 2 of the best from that lot for grading because I wanted them authenticated basically. I only paid about $14 per Morgan for that lot of 8, and I'm 90% plus sure the guy who sold them to me had no idea either - I never went back to him, it was a couple months before I discovered the problem coin. I keep it as a reminder to be careful.[/QUOTE]</p><p><br /></p>
[QUOTE="MIGuy, post: 7871247, member: 116145"]My understanding is that some of our esteemed members are dealers and / or investors. I think it's amazing that some folks can make a business of coins. I, on the other hand, in terms of investment with my coins am a sucker, I'm in it for the fun, out of curiosity. I do sometimes sell (usually locally for cash) but that's not my interest or purpose in the hobby (for me it's a hobby). I am concerned about fraud - I bought some Morgans in a lot, one of which was the wrong weight (off by over 2 grams) so obviously a fake, but it looked right to me (one of the reasons I came here in the first place is to educate myself better about these things). I was rather shocked at the time - I submitted 2 of the best from that lot for grading because I wanted them authenticated basically. I only paid about $14 per Morgan for that lot of 8, and I'm 90% plus sure the guy who sold them to me had no idea either - I never went back to him, it was a couple months before I discovered the problem coin. I keep it as a reminder to be careful.[/QUOTE]
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