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<p>[QUOTE="rick, post: 43301, member: 1235"]I gotta say, Richard, if you enjoy what you're doing, and it suits you, that's great - but the pitfalls seem pretty large to me. I don't know if what you're doing qualifies as investment technique or flat out gambling. A lot of people like to gamble, so I'm not knocking it - I personally love gambling - but it seems to me you shoot from the hip on your buying trends (from your post about buying x to make y and reselling to get back x), and let experience teach you over time. Some of the best played gamblers claim to have a system, but it isn't a system of investment.</p><p> </p><p>It's been my (albeit very limited) experience in this hobby that large bills do not equal better deals. Even that depends on what your definition of a better deal is, I guess. Some people think a better deal is a more magnificant coin - even if you paid market dollars for it. I think collectors would be far more apt to qualify a better deal in terms of a coin they are proud to own. Others will qualify a better deal as the difference between sale price and the market value. I think this would be an investor's outlook, although I know it's a far more common point of view.[/QUOTE]</p><p><br /></p>
[QUOTE="rick, post: 43301, member: 1235"]I gotta say, Richard, if you enjoy what you're doing, and it suits you, that's great - but the pitfalls seem pretty large to me. I don't know if what you're doing qualifies as investment technique or flat out gambling. A lot of people like to gamble, so I'm not knocking it - I personally love gambling - but it seems to me you shoot from the hip on your buying trends (from your post about buying x to make y and reselling to get back x), and let experience teach you over time. Some of the best played gamblers claim to have a system, but it isn't a system of investment. It's been my (albeit very limited) experience in this hobby that large bills do not equal better deals. Even that depends on what your definition of a better deal is, I guess. Some people think a better deal is a more magnificant coin - even if you paid market dollars for it. I think collectors would be far more apt to qualify a better deal in terms of a coin they are proud to own. Others will qualify a better deal as the difference between sale price and the market value. I think this would be an investor's outlook, although I know it's a far more common point of view.[/QUOTE]
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