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<p>[QUOTE=&quot;Lehigh96, post: 695760, member: 15309&quot;]BNB,</p><p>&nbsp;</p><p>For the record, I don&#039;t have a problem with you gambling on coins. You will not find a bigger gambler on this website than me. Every time I play poker I put anywhere from $1K-$5K at risk. Sometimes I win, sometimes I lose. In relation to coins, I will routinely bid multiples of wholesale on coins &quot;sight un-seen&quot;. If you ask Mark Feld, he will tell you that when I do that, I am violating one of the cardinal rules of responsible collecting. My response to him would be &quot;Mark, you are right&quot;. </p><p>&nbsp;</p><p>There are several reasons why I don&#039;t follow that rule. In order to buy coins &quot;sight seen&quot;, you must travel to and from the coin show which costs money. In addition, I work in an industry that it is difficult to get off work. The only other option would be to pay a dealer that you trust to review you potential purchases for you and make buying recommendations. The problem with that is two fold. First, I don&#039;t know any dealers personally and second the coins I purchase are based on eye appeal which is highly influenced by personal preference. These are the reasons I don&#039;t follow Mark&#039;s recommendation. What you will not see me do is tell Mark that he is wrong or blame him for being negative. I fully understand that his advice is meant in a positive way to help me, but the fact is that it does not work for me.</p><p>&nbsp;</p><p>If you were to follow this same philosophy, it would help you avoid the headache associated with what you perceive as constant criticism or negativity. We understand that you can make much more money buying raw gold than you can certified gold. The flip side is that you can lose much more as well. The reward goes up and so does the risk. If you are willing to play that game with your money and have the resources available to help you (dealer friends), then by all means go gamble. There is nothing wrong with what you are doing.</p><p>&nbsp;</p><p>However, you can&#039;t expect the members of this forum, which you recognize as very conservative collectors, to agree or understand with what you are doing. The people here are good people and will automatically try and help someone who they feel is about to make a numismatic mistake that will cost them money. It is in their nature to warn you, and you are not going to be able to stop it. All you can do is change how you react to their opinion. </p><p>&nbsp;</p><p>Honestly, the more defensively you react to these opinions, the more it appears that you don&#039;t have the confidence you claim to possess. If your end goal is to make money, it seems to me that the one person on this forum you would want to listen to is Mark Feld. He is a full time coin dealer and makes a living buying and selling coins utilizing knowledge and patience. I on the other hand am a gambler and if I sold my collection right now would probably lose 15-20% of my investment. I have a great collection of coins with exceptional eye appeal, but the simple fact is that I have overpaid on many occasions. As a collector that is acceptable, as a dealer it is not.</p><p>&nbsp;</p><p>In the end it is up to you who&#039;s advice you take and how you decide to take it. I only hope that you can see that most of the forum members here are trying to help, including myself.</p><p>&nbsp;</p><p>Paul[/QUOTE]</p><p><br /></p>

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