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<p>[QUOTE="GDJMSP, post: 670071, member: 112"]Best thing to do is to decide on your strategy before you make purchases. Then you don't have to worry about upgrading later on. The problem with upgrading is that you lose money on the deal pretty much every time. People tend to forget about the buy/sell spread.</p><p><br /></p><p>Say you buy a coin from a dealer for $300. A while later you decide you want a nicer coin. Now assumig the prices have stayed stable, that same dealer is likely to only offer you around $200-$240 for that same coin you paid him $300 for. So you're losing money on the deal.</p><p><br /></p><p>When you buy a coin, make sure that that you are 100% happy with the coin and that you will not want to upgrade it later. Otherwise your collection will probably end costing you twice as much as what it should.</p><p><br /></p><p>But if upgrading is what you want to do then there really isn't much to it. You either keep the coin you currently have and buy another in a higher grade. Or sell the one you have to either an individual or a dealer and then buy the one you want.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 670071, member: 112"]Best thing to do is to decide on your strategy before you make purchases. Then you don't have to worry about upgrading later on. The problem with upgrading is that you lose money on the deal pretty much every time. People tend to forget about the buy/sell spread. Say you buy a coin from a dealer for $300. A while later you decide you want a nicer coin. Now assumig the prices have stayed stable, that same dealer is likely to only offer you around $200-$240 for that same coin you paid him $300 for. So you're losing money on the deal. When you buy a coin, make sure that that you are 100% happy with the coin and that you will not want to upgrade it later. Otherwise your collection will probably end costing you twice as much as what it should. But if upgrading is what you want to do then there really isn't much to it. You either keep the coin you currently have and buy another in a higher grade. Or sell the one you have to either an individual or a dealer and then buy the one you want.[/QUOTE]
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How to trade up?
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