Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
newby, just read Scott Travers, I am more educated but still don't know what to do?
>
Reply to Thread
Message:
<p>[QUOTE="acepharmer, post: 972320, member: 19887"]I am nearly done reading Scott Travers book <i><u>The Coin Collector's Survival Manual.</u></i> Wow, there is so much info in it, its hard to take it all in. But it all seems like very good advice on making profitable decisions. I realize that Mr. Travers deals with very expensive coins and wealthy collectors and his advice and experience is invaluable. I am certain that his advice would help most any collector. Only problem is I am a newbie, I do not have any expensive coins, do not expect to buy any expensive coins soon, and cannot afford them right now. </p><p> </p><p>One of the points he makes is not to waste money buying common coins. As common coins will always be common and not appreciate much in value, where rare coins can become scarce and be very profitable. Makes perfect sense to me.</p><p> </p><p>At my experience and comfort level, I do not really feel I should be spending more on a particular coin than say in the $10 to maybe $50 range. I suspect that in that price range you are only going to find "common" coins, even if they are slabbed. I want to enjoy buying coins that I like, but would like to think the money is being invested and not just spent to buy just another coin. I realize there are no guarantees, but really not sure what to do, as his book really did not cover what to do in my situation.</p><p> </p><p>All I know to do at this point is to pick a coin series that I like and learn all I can. The coins that I am drawn to are these coins and in this order, Mercury dimes, Jeff nickels, Indian Head cents, and Franklin halves. I am not feeling compelled to complete a series right now, but would just like to work on getting nice examples of a particular series. </p><p> </p><p>I would appreciate any thoughts or advice on this, and hope my comments or questions are too broad. But thanks for reading and replying.</p><p> </p><p>Randy[/QUOTE]</p><p><br /></p>
[QUOTE="acepharmer, post: 972320, member: 19887"]I am nearly done reading Scott Travers book [I][U]The Coin Collector's Survival Manual.[/U][/I] Wow, there is so much info in it, its hard to take it all in. But it all seems like very good advice on making profitable decisions. I realize that Mr. Travers deals with very expensive coins and wealthy collectors and his advice and experience is invaluable. I am certain that his advice would help most any collector. Only problem is I am a newbie, I do not have any expensive coins, do not expect to buy any expensive coins soon, and cannot afford them right now. One of the points he makes is not to waste money buying common coins. As common coins will always be common and not appreciate much in value, where rare coins can become scarce and be very profitable. Makes perfect sense to me. At my experience and comfort level, I do not really feel I should be spending more on a particular coin than say in the $10 to maybe $50 range. I suspect that in that price range you are only going to find "common" coins, even if they are slabbed. I want to enjoy buying coins that I like, but would like to think the money is being invested and not just spent to buy just another coin. I realize there are no guarantees, but really not sure what to do, as his book really did not cover what to do in my situation. All I know to do at this point is to pick a coin series that I like and learn all I can. The coins that I am drawn to are these coins and in this order, Mercury dimes, Jeff nickels, Indian Head cents, and Franklin halves. I am not feeling compelled to complete a series right now, but would just like to work on getting nice examples of a particular series. I would appreciate any thoughts or advice on this, and hope my comments or questions are too broad. But thanks for reading and replying. Randy[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
newby, just read Scott Travers, I am more educated but still don't know what to do?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...