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I can get this Denarius for $19. Should I?
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<p>[QUOTE="Ken Dorney, post: 2622077, member: 76086"]I stayed out of this thread until now since as a dealer my comments are sure to be suspect. But, since you mention the above I figured it was safe to respond. This is indeed one way in which many collectors have become dealers. Buy a few 'extras' and resell them to help offset the cost of ones collection (its how I got started). I have to say that I am surprised at the comments advising against buying. </p><p><br /></p><p>Sure, I get it and I too advise collectors all the time to buy only the best they can afford. But not everyone can afford a nice VF or better Nero denarius. Maybe this example is all they can afford. But, whatever. Many reasons pro and con, I understand both sides. However as a dealer I can advise that even the crappiest of Nero Denarii sell for roughly $100. Why not buy it? Even if below your standards one could flip it on Ebay and buy a really nice Gordian sestertius or many other coins. </p><p><br /></p><p>Yes, I know, I have read countless threads here advising of value, prices, etc., but few seem to know of what they advise. Honestly I am not sure where so many people seem to be buying their coins. If I could buy at these levels I would cash out my 401(k) and retire in a few mere months. I have read many threads where people say something similar to 'I wouldn't pay $50 for that'. They are right. They wont and cant. They will likely pay $150, $200, etc.</p><p><br /></p><p>My advice, go back and buy it. Flip it for $50 (undercutting most by 50%) and turn it to some nice Chinese coins![/QUOTE]</p><p><br /></p>
[QUOTE="Ken Dorney, post: 2622077, member: 76086"]I stayed out of this thread until now since as a dealer my comments are sure to be suspect. But, since you mention the above I figured it was safe to respond. This is indeed one way in which many collectors have become dealers. Buy a few 'extras' and resell them to help offset the cost of ones collection (its how I got started). I have to say that I am surprised at the comments advising against buying. Sure, I get it and I too advise collectors all the time to buy only the best they can afford. But not everyone can afford a nice VF or better Nero denarius. Maybe this example is all they can afford. But, whatever. Many reasons pro and con, I understand both sides. However as a dealer I can advise that even the crappiest of Nero Denarii sell for roughly $100. Why not buy it? Even if below your standards one could flip it on Ebay and buy a really nice Gordian sestertius or many other coins. Yes, I know, I have read countless threads here advising of value, prices, etc., but few seem to know of what they advise. Honestly I am not sure where so many people seem to be buying their coins. If I could buy at these levels I would cash out my 401(k) and retire in a few mere months. I have read many threads where people say something similar to 'I wouldn't pay $50 for that'. They are right. They wont and cant. They will likely pay $150, $200, etc. My advice, go back and buy it. Flip it for $50 (undercutting most by 50%) and turn it to some nice Chinese coins![/QUOTE]
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I can get this Denarius for $19. Should I?
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