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<p>[QUOTE="-jeffB, post: 3037303, member: 27832"]I've given up losing sleep over thoughts like this.</p><p><br /></p><p>Yes, she could've gotten a lot more selling direct to collectors. But there are plenty of dishonest <i>collectors</i> out there, too. Like many of us, I'd <i>love</i> the chance to <i>personally</i> go through a hoard like that (and I know that <i>I'm</i> honest) -- but I can't be on call to do it whenever someone chooses to walk through the door.</p><p><br /></p><p>She could have gotten a Red Book and spent many hours looking up values. Then she would've had a ridiculously inflated view of how much her stuff was worth, priming her to join the "coin dealers are crooked" crowd when she eventually took it in.</p><p><br /></p><p>She could've spent months learning her way around the hobby, learning about key dates, learning how to grade and how to recognize cleaning and other damage. But meanwhile, the rest of her life would be neglected, and she still wouldn't have any money for her coins -- in fact, if she bought books, flips and tubes, she'd be further in the hole.</p><p><br /></p><p>I remember when I came back to the hobby. Even after I'd been a member here for months, I still made some <i>spectacular</i> errors of judgement. Mostly on the buying side, and fortunately nothing that I couldn't afford to lose -- but it made me a bit skeptical of the "spend a little time learning before you sell" approach.</p><p><br /></p><p>If a dealer pays a bit under melt for a bucket full of coins, spends hours searching them carefully, and finds several treasures, I'd call that completely fair. If the dealer buys them a bit under melt, and sells them on at a bit over melt, that's completely fair, too.</p><p><br /></p><p>If it's clearly a bucket full of MS Morgans, with a few CC mintmarks showing, that's another issue entirely.[/QUOTE]</p><p><br /></p>
[QUOTE="-jeffB, post: 3037303, member: 27832"]I've given up losing sleep over thoughts like this. Yes, she could've gotten a lot more selling direct to collectors. But there are plenty of dishonest [I]collectors[/I] out there, too. Like many of us, I'd [I]love[/I] the chance to [I]personally[/I] go through a hoard like that (and I know that [I]I'm[/I] honest) -- but I can't be on call to do it whenever someone chooses to walk through the door. She could have gotten a Red Book and spent many hours looking up values. Then she would've had a ridiculously inflated view of how much her stuff was worth, priming her to join the "coin dealers are crooked" crowd when she eventually took it in. She could've spent months learning her way around the hobby, learning about key dates, learning how to grade and how to recognize cleaning and other damage. But meanwhile, the rest of her life would be neglected, and she still wouldn't have any money for her coins -- in fact, if she bought books, flips and tubes, she'd be further in the hole. I remember when I came back to the hobby. Even after I'd been a member here for months, I still made some [I]spectacular[/I] errors of judgement. Mostly on the buying side, and fortunately nothing that I couldn't afford to lose -- but it made me a bit skeptical of the "spend a little time learning before you sell" approach. If a dealer pays a bit under melt for a bucket full of coins, spends hours searching them carefully, and finds several treasures, I'd call that completely fair. If the dealer buys them a bit under melt, and sells them on at a bit over melt, that's completely fair, too. If it's clearly a bucket full of MS Morgans, with a few CC mintmarks showing, that's another issue entirely.[/QUOTE]
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