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I did not bid on this slabbed trade dollar; good decision or not?
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<p>[QUOTE="JPeace$, post: 1856981, member: 42727"]Doug,</p><p><br /></p><p>The absolute worst thing you can do when buying any coin is to be impatient. It will lead to buying coins you will later regret. I also visit another website that has a ton of very experienced collectors. To a man, they all will say this hobby is not an investment vehicle. The key to having coins that increase in value, maintain their value or that can withstand downward pricing trends, are to own nice, problem free coins.</p><p><br /></p><p>Buy the best trade dollar you can find that meets your budget. My recommendation is to look for an XF-AU coin. Look on your grey sheet and identify the year in which the XF and AU are least expensive. Focus on that date (1875, 76 or 77) When you look at AU coins, often times you can find a better example than one graded Ms60-62. And you don't have to pay the extra for an MS coin. My first two gold pieces are AU coins and they are very nice. I preferred them to many low grade MS coins I looked at and the price was much more affordable.</p><p><br /></p><p>Joe[/QUOTE]</p><p><br /></p>
[QUOTE="JPeace$, post: 1856981, member: 42727"]Doug, The absolute worst thing you can do when buying any coin is to be impatient. It will lead to buying coins you will later regret. I also visit another website that has a ton of very experienced collectors. To a man, they all will say this hobby is not an investment vehicle. The key to having coins that increase in value, maintain their value or that can withstand downward pricing trends, are to own nice, problem free coins. Buy the best trade dollar you can find that meets your budget. My recommendation is to look for an XF-AU coin. Look on your grey sheet and identify the year in which the XF and AU are least expensive. Focus on that date (1875, 76 or 77) When you look at AU coins, often times you can find a better example than one graded Ms60-62. And you don't have to pay the extra for an MS coin. My first two gold pieces are AU coins and they are very nice. I preferred them to many low grade MS coins I looked at and the price was much more affordable. Joe[/QUOTE]
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I did not bid on this slabbed trade dollar; good decision or not?
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