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<p>[QUOTE="medoraman, post: 1484647, member: 26302"]I commisurate with you Race. I am glad you posted though, to give a first hand account to those who still believe coin collecting is an "investment". This buying at retail selling at wholesale kicks you in the pants. </p><p><br /></p><p>If you ever wished to sell, you could think about approaching dealers who specialize in certain areas with those sets. Taking all of this to a b&m dealer will be the low ball offer, since he most likely does not have clients for most of these coins, and will in turn wholesale most of these out. If someone went to a large show, and knew which dealers specialize in which series, I think you would do much better, (ie sell the morgan set to a morgan specialist, barber, etc, these specialist dealers have large client bases wishing to buy these series, and as such can give you a better offer). </p><p><br /></p><p>I still believe coin collecting is a great, great hobby. However, ALWAYS make sure you only spend "hobby" money on it, and not "investment" money. I have said it 1000 times, many dealers try to use PCGS price charts, etc to get collectors to buy coins they cannot afford as a hobby as "investments". Its simply a poor "investment" but a wonderful "hobby".[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1484647, member: 26302"]I commisurate with you Race. I am glad you posted though, to give a first hand account to those who still believe coin collecting is an "investment". This buying at retail selling at wholesale kicks you in the pants. If you ever wished to sell, you could think about approaching dealers who specialize in certain areas with those sets. Taking all of this to a b&m dealer will be the low ball offer, since he most likely does not have clients for most of these coins, and will in turn wholesale most of these out. If someone went to a large show, and knew which dealers specialize in which series, I think you would do much better, (ie sell the morgan set to a morgan specialist, barber, etc, these specialist dealers have large client bases wishing to buy these series, and as such can give you a better offer). I still believe coin collecting is a great, great hobby. However, ALWAYS make sure you only spend "hobby" money on it, and not "investment" money. I have said it 1000 times, many dealers try to use PCGS price charts, etc to get collectors to buy coins they cannot afford as a hobby as "investments". Its simply a poor "investment" but a wonderful "hobby".[/QUOTE]
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