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Joined for the skinny on investing in slabbed Morgans...
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<p>[QUOTE="ToughCOINS, post: 1926314, member: 20480"]The value of a collectible coin should be approximately proportional to the difficulty encountered in finding one to buy. Note that I did not write directly proportional or geometrically proportional, as the ardor with which certain coins are pursued tends to impact the price some buyers are willing to pay.</p><p> </p><p>If you go to a coin show looking for slabbed MS63 common date white Morgan Dollars, you'll find them, and for not much above spot . . . there's obviously a reason for that. . . . they're ubiquitous.</p><p> </p><p>If you go looking for an originally toned, MS65 DMPL 1891-O Dollar, you're not likely to find it . . . anywhere. If you did, the price would likely be multiples of Grey Sheet bid. Again, there's a reason for that.</p><p> </p><p>As is the case with most "investments", being the contrarian, properly determining which coins are truely undervalued, and buying in ahead of the crowd is the best way to invest in coins. It gets you in at safe levels, and maximizes your upside potential. Not knowing when or how much the price will move is why we call investing risky.[/QUOTE]</p><p><br /></p>
[QUOTE="ToughCOINS, post: 1926314, member: 20480"]The value of a collectible coin should be approximately proportional to the difficulty encountered in finding one to buy. Note that I did not write directly proportional or geometrically proportional, as the ardor with which certain coins are pursued tends to impact the price some buyers are willing to pay. If you go to a coin show looking for slabbed MS63 common date white Morgan Dollars, you'll find them, and for not much above spot . . . there's obviously a reason for that. . . . they're ubiquitous. If you go looking for an originally toned, MS65 DMPL 1891-O Dollar, you're not likely to find it . . . anywhere. If you did, the price would likely be multiples of Grey Sheet bid. Again, there's a reason for that. As is the case with most "investments", being the contrarian, properly determining which coins are truely undervalued, and buying in ahead of the crowd is the best way to invest in coins. It gets you in at safe levels, and maximizes your upside potential. Not knowing when or how much the price will move is why we call investing risky.[/QUOTE]
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