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<p>[QUOTE="bahabully, post: 842853, member: 17555"]If you consider a hobby as an investment.. then coin's are the way to go, easily.</p><p> </p><p>However, I don't think the process described here is a sound investment strategy. Ebay if ripe with shill bidding sellers and groups of sellers. I could name a couple of power selling, highly marketed sellers on the bay that appear to always have 15+ bidders on each of thier coins, and my experience with these sellers is that thier product is sub-par and highly overpriced... they have either found an infinite source of novice heavily monied collectors, or they are passing these coins back and forth within a significantly large dealer group and hoping a few novice collectors jump in and buy a few coins during each auction at heavily inflated (shilled) prices. Point being, you can't always trust the ebay auction results... in general they are sound, but I'd use the lower 60% average rather than the entire population to find my expected sell price (unless you plan on selling with shill bids also). </p><p>Also, MS67 morgan's is not the right place for novices.... nor is it the right place for intermediate's either... if you game is investment, then leave the high end stuff alone... </p><p>If you a novice and want to play on the bay to make some money, than a good way to learn is to buy a bag of 5000 cents for a fair price on the bay (I think around 220'ish or so).. divide em' up, search em' for key dates and varieties, practice grading them,,, and then sell the divided lots back to the 'bay (and learn the in's and out's of selling). You should limit any losses and maybe make a bit while pocketing a few nice keepers and learning the lincoln cent in greater detail.</p><p>You are simply NOT going to jump into the high end coin game on the 'bay and do anything that can be considered investing... maybe collecting (ie - enjoying the coin at a fiscal loss).</p><p>To your original question: I'd go with the Buffalo's ; )... any grade certified key date's only if "investing".. high grade common's if collecting.[/QUOTE]</p><p><br /></p>
[QUOTE="bahabully, post: 842853, member: 17555"]If you consider a hobby as an investment.. then coin's are the way to go, easily. However, I don't think the process described here is a sound investment strategy. Ebay if ripe with shill bidding sellers and groups of sellers. I could name a couple of power selling, highly marketed sellers on the bay that appear to always have 15+ bidders on each of thier coins, and my experience with these sellers is that thier product is sub-par and highly overpriced... they have either found an infinite source of novice heavily monied collectors, or they are passing these coins back and forth within a significantly large dealer group and hoping a few novice collectors jump in and buy a few coins during each auction at heavily inflated (shilled) prices. Point being, you can't always trust the ebay auction results... in general they are sound, but I'd use the lower 60% average rather than the entire population to find my expected sell price (unless you plan on selling with shill bids also). Also, MS67 morgan's is not the right place for novices.... nor is it the right place for intermediate's either... if you game is investment, then leave the high end stuff alone... If you a novice and want to play on the bay to make some money, than a good way to learn is to buy a bag of 5000 cents for a fair price on the bay (I think around 220'ish or so).. divide em' up, search em' for key dates and varieties, practice grading them,,, and then sell the divided lots back to the 'bay (and learn the in's and out's of selling). You should limit any losses and maybe make a bit while pocketing a few nice keepers and learning the lincoln cent in greater detail. You are simply NOT going to jump into the high end coin game on the 'bay and do anything that can be considered investing... maybe collecting (ie - enjoying the coin at a fiscal loss). To your original question: I'd go with the Buffalo's ; )... any grade certified key date's only if "investing".. high grade common's if collecting.[/QUOTE]
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