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<p>[QUOTE="mark_h, post: 636170, member: 3726"]To me it almost sounds like a self-serving rant - kind of like "see what happens when you don't use us" and pay us 5% to purchase coins for you. When did collecting become about "profit" - they are about coin investing, not collecting as I see it. The quote that sticks out in my mind after reading the article is "We ALWAYS WHOLESALE any “bad” coin we buy (or send it to the grading services to fix)." - if they were so good why did they buy them in the first place. I understand it could be part of a lot or collection - but they probably bought it for certain coins. So what do they do - they put the problem coins back out there. Yep - that will certainly teach us something. They feed the "price dealers". And yes I bargain hunt for coins so I guess I am part of the "greater fool theory", but at my level of collecting it is not the same. She talks about these collections and the money the collectors lost - but where does she guarantee a coin bought from them will hold its value. Granted they are nice and more likely to hold their cost but still how about a guarantee if you are good as you are saying.</p><p><br /></p><p>At the same time they post an article like this they absolve themselves on their website with this "Buyers are strongly recommended and encouraged to research the items being offered prior to purchase. Buyer assumes all risks concerning and related to the grading, quality and origin of any lot. Buyers should determine purchases based upon their own (e)valuation. Buyers acknowledge that coin grading is not a an exact science; it is possible that two parties might grade the same coin differently." If you go by the article - we paid you 5%, but we assume all the risk.</p><p><br /></p><p>So to borrow a term from bonedigger - I am a blue collar collector and while I might not be an expert I collect what I like with the realization that I may not re-coup my money. Then again since I will be dead(at least that is the plan) I really am not worried. Of course I want my heirs to do as well as possible I will probably get more coins graded. In the end a lot of them will stay raw. So I will keep my "dreck".[/QUOTE]</p><p><br /></p>
[QUOTE="mark_h, post: 636170, member: 3726"]To me it almost sounds like a self-serving rant - kind of like "see what happens when you don't use us" and pay us 5% to purchase coins for you. When did collecting become about "profit" - they are about coin investing, not collecting as I see it. The quote that sticks out in my mind after reading the article is "We ALWAYS WHOLESALE any “bad” coin we buy (or send it to the grading services to fix)." - if they were so good why did they buy them in the first place. I understand it could be part of a lot or collection - but they probably bought it for certain coins. So what do they do - they put the problem coins back out there. Yep - that will certainly teach us something. They feed the "price dealers". And yes I bargain hunt for coins so I guess I am part of the "greater fool theory", but at my level of collecting it is not the same. She talks about these collections and the money the collectors lost - but where does she guarantee a coin bought from them will hold its value. Granted they are nice and more likely to hold their cost but still how about a guarantee if you are good as you are saying. At the same time they post an article like this they absolve themselves on their website with this "Buyers are strongly recommended and encouraged to research the items being offered prior to purchase. Buyer assumes all risks concerning and related to the grading, quality and origin of any lot. Buyers should determine purchases based upon their own (e)valuation. Buyers acknowledge that coin grading is not a an exact science; it is possible that two parties might grade the same coin differently." If you go by the article - we paid you 5%, but we assume all the risk. So to borrow a term from bonedigger - I am a blue collar collector and while I might not be an expert I collect what I like with the realization that I may not re-coup my money. Then again since I will be dead(at least that is the plan) I really am not worried. Of course I want my heirs to do as well as possible I will probably get more coins graded. In the end a lot of them will stay raw. So I will keep my "dreck".[/QUOTE]
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