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<p>[QUOTE="Jim Dale, post: 7958753, member: 100459"]I'm going to need help on knowing how to do an auction to buy coins. At 73, I've only purchased a very few things through an auction. Reading the Forums on Coin Talk scares me that first of all, will I get a fake coin. I hate the idea that I will have to know how to identify a fake coin. Most of you have been collecting coins for quite a while. I didn't start coin collecting until 9 years ago, and only then bought from the Mint. The other thing that makes me hesitate is knowing how much a coin is worth. The Red Book isn't as good a source as it use to be because prices are all over the place because of coin-flation. The price so fluid and changes so rapidly, you can't know what it is worth while trying to bid on it.[/QUOTE]</p><p><br /></p>
[QUOTE="Jim Dale, post: 7958753, member: 100459"]I'm going to need help on knowing how to do an auction to buy coins. At 73, I've only purchased a very few things through an auction. Reading the Forums on Coin Talk scares me that first of all, will I get a fake coin. I hate the idea that I will have to know how to identify a fake coin. Most of you have been collecting coins for quite a while. I didn't start coin collecting until 9 years ago, and only then bought from the Mint. The other thing that makes me hesitate is knowing how much a coin is worth. The Red Book isn't as good a source as it use to be because prices are all over the place because of coin-flation. The price so fluid and changes so rapidly, you can't know what it is worth while trying to bid on it.[/QUOTE]
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