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<p>[QUOTE=&quot;RedTiger, post: 842653, member: 19098&quot;]Personally, from where I sit, the advice given by SteveReecy is likely a poor investment strategy. Hotly contested means high demand today. In ten years or more, it is highly likely that other items will be the high demand items and the stuff bought won&#039;t be high demand any more.&nbsp; &nbsp; &nbsp;&nbsp; </p><p><br /></p><p>The linked coin is a MS67 Morgan toner. That is close to the worst place a novice coin investor could put their money in. Toners often retail for big premiums, but wholesale for a lot less. </p><p><br /></p><p>Try and sell that toner bought at retail auction, wholesale to a dealer and the cash offer will likely be 50% of the retail auction price.&nbsp; &nbsp;&nbsp; Try to sell the same coin retail on Ebay without great photography (a skill that perhaps only 2% of collectors have), plus pristine high volume feedback (again something maybe only 2% of average collectors have) and it will likely yield results 25% lower. Take out fees and postage and the buyer is out 35% if the market for the coin hasn&#039;t moved. Take out one novice bidder and the demand might be significantly lower as well. That may be fun, and relatively inexpensive as a relaxing hobby, but it is not investing.&nbsp; &nbsp; </p><p><br /></p><p>Experienced photographers, and online sellers often take for granted the set up needed to realize retail prices&nbsp; for coins on Ebay.&nbsp; To an objective observer, from a financial return standpoint, almost all novices would be better off buying junk 90% silver or new silver eagles at the best price available. High grade certified coins, toners, are at the opposite end of the spectrum and a good way for novices to lose money, and lots of it. </p><p><br /></p><p>Again, those that do well in collector coins tend to have an edge. That edge may be in grading expertise and/or access to coins and/or market knowledge. Without an edge, the novice is likely to be the patsy in the coin poker game and mostly add money to the pot for those that do have an edge. I hammer home this point over and over, and I hope it saves some novices reading along from becoming those patsies.[/QUOTE]</p><p><br /></p>

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