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My unsolicited list of 20 tips for coin collectors...
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<p>[QUOTE="GDJMSP, post: 310760, member: 112"]Every time the subject of selling coins comes up we have similar discussions, and most times the same points covered in this thread are covered in those discussions. But there is one that is always missing and somehow if just never seems to sink in.</p><p><br /></p><p>Hobo touched on it when he said that you make your profit when you buy. This is very true. But the real point is this - <u>selling coins teaches you how to buy.</u> And that is exactly why selling coins is so important. It is a lesson that must be learned.</p><p><br /></p><p>Now many of you will say that you can learn how to buy without selling coins. Well, maybe, but I doubt it. For there are few better teachers than pain. And a pain in your pocketbook is one that you will definitely remember. And quite frankly, you can't learn it well if you don't experience it.</p><p><br /></p><p>And Mark, there is one other thing that is necessary to learn that I would add to your list - <u>patience</u>. This is perhaps the single most important thing that any collector can ever learn. It will save you more money, more grief and more heartache than anything else. It will also teach you a greater appreciation for your coins.</p><p><br /></p><p>And patience goes hand in hand with knowledge. For while you practice patience you gain knowledge - and it never stops.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 310760, member: 112"]Every time the subject of selling coins comes up we have similar discussions, and most times the same points covered in this thread are covered in those discussions. But there is one that is always missing and somehow if just never seems to sink in. Hobo touched on it when he said that you make your profit when you buy. This is very true. But the real point is this - [U]selling coins teaches you how to buy.[/U] And that is exactly why selling coins is so important. It is a lesson that must be learned. Now many of you will say that you can learn how to buy without selling coins. Well, maybe, but I doubt it. For there are few better teachers than pain. And a pain in your pocketbook is one that you will definitely remember. And quite frankly, you can't learn it well if you don't experience it. And Mark, there is one other thing that is necessary to learn that I would add to your list - [U]patience[/U]. This is perhaps the single most important thing that any collector can ever learn. It will save you more money, more grief and more heartache than anything else. It will also teach you a greater appreciation for your coins. And patience goes hand in hand with knowledge. For while you practice patience you gain knowledge - and it never stops.[/QUOTE]
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My unsolicited list of 20 tips for coin collectors...
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