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<p>[QUOTE="Lehigh96, post: 636522, member: 15309"]Travis,</p><p><br /></p><p>I think some of that advice is directed at collectors who can't attend the major shows and bid on coins via the internet using photographs. This is basically buying the coin sight un-seen with no return policy. Her advice is to pay a dealer to help you avoid buying coins sight un-seen. In that respect, I love the CAC. A CAC stickered coin is essentially a coin that has been reviewed and deemed good for the grade, the same service you would pay a dealer to perform for you at an auction. The advice is also good for investors who don't have the requisite knowledge to properly grade the coins for themselves. BTW, I think that requisite knowledge is missing in the majority of coin collectors as well who would also benefit from her advice. The difference between a most collectors and investors is that the investors know they don't know how to properly grade coins. </p><p><br /></p><p>I am one of those collectors whose job responsibilities prohibit me from attending major coin shows. I like the CAC and would prefer that all of my potential purposes have a sticker. However, I will never pay a dealer to screen the coins for me. I know what Laura is saying, but I really like the gambling aspect of buying coins sight unseen using auction photographs. Sometimes I win, sometimes I lose, but it is always fun. I have never really cared about the money that I will lose at the time I sell. This is a peculiar hobby in that most of the participants don't ever want to lose any money. Most hobbies involve a significant cost for the entertainment that they provide. For example, my brother spends $10K/year on a country club membership to play golf. He enjoys chasing a little white ball around and is willing to pay handsomely for it. I enjoy collecting (not investing in) coins and am willing to pay a price for the enjoyment of the hobby. That price is the money that I lose when I sell my coins. Having said that, I always try to purchase what I consider quality eye appealing coins.[/QUOTE]</p><p><br /></p>
[QUOTE="Lehigh96, post: 636522, member: 15309"]Travis, I think some of that advice is directed at collectors who can't attend the major shows and bid on coins via the internet using photographs. This is basically buying the coin sight un-seen with no return policy. Her advice is to pay a dealer to help you avoid buying coins sight un-seen. In that respect, I love the CAC. A CAC stickered coin is essentially a coin that has been reviewed and deemed good for the grade, the same service you would pay a dealer to perform for you at an auction. The advice is also good for investors who don't have the requisite knowledge to properly grade the coins for themselves. BTW, I think that requisite knowledge is missing in the majority of coin collectors as well who would also benefit from her advice. The difference between a most collectors and investors is that the investors know they don't know how to properly grade coins. I am one of those collectors whose job responsibilities prohibit me from attending major coin shows. I like the CAC and would prefer that all of my potential purposes have a sticker. However, I will never pay a dealer to screen the coins for me. I know what Laura is saying, but I really like the gambling aspect of buying coins sight unseen using auction photographs. Sometimes I win, sometimes I lose, but it is always fun. I have never really cared about the money that I will lose at the time I sell. This is a peculiar hobby in that most of the participants don't ever want to lose any money. Most hobbies involve a significant cost for the entertainment that they provide. For example, my brother spends $10K/year on a country club membership to play golf. He enjoys chasing a little white ball around and is willing to pay handsomely for it. I enjoy collecting (not investing in) coins and am willing to pay a price for the enjoyment of the hobby. That price is the money that I lose when I sell my coins. Having said that, I always try to purchase what I consider quality eye appealing coins.[/QUOTE]
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