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<p>[QUOTE="BooksB4Coins, post: 2812685, member: 36230"]What is, perhaps, most important is that one actually know what they're buying, not buy foolishly or allow themselves to be susceptible to spur of the moment type purchases.</p><p><br /></p><p>A few other things that come to mind...</p><p><br /></p><p>-Buy QUALITY. Not just nice or attractive (especially if to a novice's eye) but search out exceptional examples. Do not be afraid to and do expect to pay up for such coins, even if above whatever "guide" you may be using.</p><p><br /></p><p>-Do not allow yourself to be a "deal seeker" unless you truly know what you're doing. Many a collector has forever buried himself in coins bought because he focused more on price than quality.</p><p><br /></p><p>-If new, understand your tastes are very likely to change, so there's little reason to jump in head first if money is an issue.</p><p><br /></p><p>-Do NOT buy a coin hoping to resell it unless you're genuinely familiar with its and your market, and you're absolutely sure it is what to believe it to be, but even then there often are no guarantees.</p><p><br /></p><p>-Be honest with yourself about your true abilities (grading, knowledge, understanding of the market, etc) and work within them.</p><p><br /></p><p>-Do try to put a price on your enjoyment. If a coin is, say, $100, ask yourself if you'll enjoy it as much as you would spending the money elsewhere.</p><p><br /></p><p>As for how to pay for your habit, it's all situational. What works for one person will not necessarily work for you. As with most everything else in life, you'll have to budget and decide how much money you can COMFORTABLY dedicate to your hobby. Do not go overboard or convince yourself this is some sort of "investment", sure to reap rewards down the road, as a way to justify overspending.[/QUOTE]</p><p><br /></p>
[QUOTE="BooksB4Coins, post: 2812685, member: 36230"]What is, perhaps, most important is that one actually know what they're buying, not buy foolishly or allow themselves to be susceptible to spur of the moment type purchases. A few other things that come to mind... -Buy QUALITY. Not just nice or attractive (especially if to a novice's eye) but search out exceptional examples. Do not be afraid to and do expect to pay up for such coins, even if above whatever "guide" you may be using. -Do not allow yourself to be a "deal seeker" unless you truly know what you're doing. Many a collector has forever buried himself in coins bought because he focused more on price than quality. -If new, understand your tastes are very likely to change, so there's little reason to jump in head first if money is an issue. -Do NOT buy a coin hoping to resell it unless you're genuinely familiar with its and your market, and you're absolutely sure it is what to believe it to be, but even then there often are no guarantees. -Be honest with yourself about your true abilities (grading, knowledge, understanding of the market, etc) and work within them. -Do try to put a price on your enjoyment. If a coin is, say, $100, ask yourself if you'll enjoy it as much as you would spending the money elsewhere. As for how to pay for your habit, it's all situational. What works for one person will not necessarily work for you. As with most everything else in life, you'll have to budget and decide how much money you can COMFORTABLY dedicate to your hobby. Do not go overboard or convince yourself this is some sort of "investment", sure to reap rewards down the road, as a way to justify overspending.[/QUOTE]
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