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<p>[QUOTE="Paul M., post: 2528501, member: 73165"]QFT.</p><p><br /></p><p>There's a reason they're called price guides, and that's because they should be used as a guide. EBay, Heritage, PCGS auctions, Redbook, Greysheet, etc. all have their place (and you should use as many of them as is practical when making important buying decisions), but the bottom line is: how much do I want to pay for the coin that's in front of me? And none of those resources will tell you that. They only tell you what other people have paid for somewhat similar coins in the recent to not so recent past. (Edit: Or, sometimes, what dealers would like people to pay for somewhat similar coins.)</p><p><br /></p><p>I've been known to pay decent premiums for coins I wanted due to exceptional eye appeal or otherwise high quality. Likewise, I've turned down a lot of perfectly nice and fairly priced coins simply because they didn't really speak to me. No price guide can tell you that. In fact, you should be looking for coins where the price guide doesn't apply, because, by definition, price guides are based on aggregate prices (which tend to reflect prices for 'average' coins), and above average coins are the ones that will hold value the best, and, at least for me, are the ones that tend to be coins I still love months and years after I purchase them.</p><p><br /></p><p>I'll leave you with this thought... one of my favorite sayings is that I'd rather buy a great coin for a fair price than a fair coin for a great price. Given a fixed budget, you'll end up with fewer coins, sure, but you'll probably like the ones you end up with a lot more.[/QUOTE]</p><p><br /></p>
[QUOTE="Paul M., post: 2528501, member: 73165"]QFT. There's a reason they're called price guides, and that's because they should be used as a guide. EBay, Heritage, PCGS auctions, Redbook, Greysheet, etc. all have their place (and you should use as many of them as is practical when making important buying decisions), but the bottom line is: how much do I want to pay for the coin that's in front of me? And none of those resources will tell you that. They only tell you what other people have paid for somewhat similar coins in the recent to not so recent past. (Edit: Or, sometimes, what dealers would like people to pay for somewhat similar coins.) I've been known to pay decent premiums for coins I wanted due to exceptional eye appeal or otherwise high quality. Likewise, I've turned down a lot of perfectly nice and fairly priced coins simply because they didn't really speak to me. No price guide can tell you that. In fact, you should be looking for coins where the price guide doesn't apply, because, by definition, price guides are based on aggregate prices (which tend to reflect prices for 'average' coins), and above average coins are the ones that will hold value the best, and, at least for me, are the ones that tend to be coins I still love months and years after I purchase them. I'll leave you with this thought... one of my favorite sayings is that I'd rather buy a great coin for a fair price than a fair coin for a great price. Given a fixed budget, you'll end up with fewer coins, sure, but you'll probably like the ones you end up with a lot more.[/QUOTE]
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