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<p>[QUOTE="JeromeLS, post: 796738, member: 7867"]Well, you haven't really lost "well over a thousand dollars". Remember that: you didn't buy the coins as an investment, you bought them because they bring you enjoyment. And you don't really lose money on coins until you sell them. If you've really been collecting them over many years, the value will appreciate. </p><p><br /></p><p>As for your grading, you seem to overestimate the grades of uncirculated coins. This is quite natural- uncirculated coins can be difficult to grade, especially relatively modern coins such as the peace dollars. I would recommend using a fine magnifying glass or loupe, and scrutinizing the coin for slight wear, bag marks and the like. It takes a lot of practise - I've been collecting for a relatively short amount of time and find it very difficult to grade MS coins accurately. Remember though, you bought the coins, not the grades - if the coins are attractive to you, that's more important than the number on the slab. </p><p><br /></p><p>I wouldn't be discouraged: your coins are all real, they're all undamaged (despite your worries). If you have genuinely lost money on this, then it may well be a learning experience. If you buy raw coins, you rely on your own grading skills. If you buy slabbed coins, you are more secure. I personally don't collect slabbed pieces, because I'm into much earlier issues, but it's a safer way to go if you're not totally confident in your own ability.</p><p><br /></p><p>I hope this is helpful advice.[/QUOTE]</p><p><br /></p>
[QUOTE="JeromeLS, post: 796738, member: 7867"]Well, you haven't really lost "well over a thousand dollars". Remember that: you didn't buy the coins as an investment, you bought them because they bring you enjoyment. And you don't really lose money on coins until you sell them. If you've really been collecting them over many years, the value will appreciate. As for your grading, you seem to overestimate the grades of uncirculated coins. This is quite natural- uncirculated coins can be difficult to grade, especially relatively modern coins such as the peace dollars. I would recommend using a fine magnifying glass or loupe, and scrutinizing the coin for slight wear, bag marks and the like. It takes a lot of practise - I've been collecting for a relatively short amount of time and find it very difficult to grade MS coins accurately. Remember though, you bought the coins, not the grades - if the coins are attractive to you, that's more important than the number on the slab. I wouldn't be discouraged: your coins are all real, they're all undamaged (despite your worries). If you have genuinely lost money on this, then it may well be a learning experience. If you buy raw coins, you rely on your own grading skills. If you buy slabbed coins, you are more secure. I personally don't collect slabbed pieces, because I'm into much earlier issues, but it's a safer way to go if you're not totally confident in your own ability. I hope this is helpful advice.[/QUOTE]
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