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<p>[QUOTE=&quot;kaparthy, post: 21005, member: 57463&quot;]Thanks for the topic, ND!</p><p><br /></p><p>How does one measure &quot;bargain&quot;?&nbsp; </p><p><br /></p><p>1. Selling it for more than you paid for it -- accounting for inflation, time value of money, etc. So, basically, it has to be a &quot;flip&quot; i.e., you have to sell it quickly.</p><p><br /></p><p>2. Getting it for less than you expected to pay for it.&nbsp; This is most commonly what people mean.&nbsp; This is why Coin Prices and Red Book are favored by dealers.&nbsp; It sounds so much better to take 20% off Red Book than to charge 40% more than Greysheet, even though the price might be the same.</p><p><br /></p><p>3. There are people who make money walking the floor at the ANA, paying careful attention to inventories and prices and knowing when they see something they can walk across the floor for a profit. </p><p><br /></p><p>4.&nbsp; The most subtle, difficult and enjoyable bargain is when you identify something not identified by others.&nbsp; At a local coin show, I tried unsuccessfully to talk a dealer into joining the ANA.&nbsp; &quot;Not worth it,&quot; he said, minutes before being cherrypicked by a collector who spotted a variety.&nbsp; Almost every ANA convention has a report of someone finding a Large Cent or Bust Half, rare, two known, nine known, unique, or unlisted, or whatever.&nbsp; As you say, you have to read and learn and know.&nbsp; The people who find those newsworthy items have invested man-years in the hobby.[/QUOTE]</p><p><br /></p>

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