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<p>[QUOTE="Publius2, post: 8611713, member: 105571"][USER=142086]@BIC[/USER], you are getting excellent advice from members here. You should follow your instincts and run from these offerings. The next thing you should do, and it's obvious you've already started, is to educate yourself deeply in whatever coins you're interested in, especially if they are expensive. Buy books that specialize in the coins. The Red Book won't do it if you're trying to authenticate coins for yourself. </p><p><br /></p><p>For myself, I would never consider buying a raw coin for more than $500 and then only if it was a cherry pick in a series that I knew more about than the dealer. Any coin worth more than $300 or so and not in a holder you should be suspicious of, at least until you've been in the hobby longer.</p><p><br /></p><p>There's a dealer that shows up to my local and regional shows who has a lot of expensive coins that have not been slabbed, like early dollars, half dollars and the like. These coins show up again and again in his case for years. Do you wonder why?</p><p><br /></p><p>It appears that you have sufficient resources to purchase expensive coins. I suggest that you nurture a relationship with an established well-known dealer with the goal of leveraging his knowledge to acquire investment-level coins. Such dealers will often work with you to represent you at auctions and review possible coins for you at lot viewing to determine if they really meet your investing/collecting requirements.</p><p><br /></p><p>I know that's not as much fun as what you're doing now. But you said this is partly/primarily for investment purposes. So, you should approach it from an investment standpoint. That means really best-quality coins that carry the credibility required for eventual resale. </p><p><br /></p><p>Finally, if you are at a show with 80 dealers and only 20% of the coins on offer are slabbed, you are at the wrong show for your wants and needs. You need to be attending the large shows like the Baltimore Whitman, FUN in Orlando in January, Long Beach, etc.[/QUOTE]</p><p><br /></p>
[QUOTE="Publius2, post: 8611713, member: 105571"][USER=142086]@BIC[/USER], you are getting excellent advice from members here. You should follow your instincts and run from these offerings. The next thing you should do, and it's obvious you've already started, is to educate yourself deeply in whatever coins you're interested in, especially if they are expensive. Buy books that specialize in the coins. The Red Book won't do it if you're trying to authenticate coins for yourself. For myself, I would never consider buying a raw coin for more than $500 and then only if it was a cherry pick in a series that I knew more about than the dealer. Any coin worth more than $300 or so and not in a holder you should be suspicious of, at least until you've been in the hobby longer. There's a dealer that shows up to my local and regional shows who has a lot of expensive coins that have not been slabbed, like early dollars, half dollars and the like. These coins show up again and again in his case for years. Do you wonder why? It appears that you have sufficient resources to purchase expensive coins. I suggest that you nurture a relationship with an established well-known dealer with the goal of leveraging his knowledge to acquire investment-level coins. Such dealers will often work with you to represent you at auctions and review possible coins for you at lot viewing to determine if they really meet your investing/collecting requirements. I know that's not as much fun as what you're doing now. But you said this is partly/primarily for investment purposes. So, you should approach it from an investment standpoint. That means really best-quality coins that carry the credibility required for eventual resale. Finally, if you are at a show with 80 dealers and only 20% of the coins on offer are slabbed, you are at the wrong show for your wants and needs. You need to be attending the large shows like the Baltimore Whitman, FUN in Orlando in January, Long Beach, etc.[/QUOTE]
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