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<p>[QUOTE="clembo, post: 420100, member: 8033"]People collect odd stuff Gopher. What may be odd to you and I may not be to them though.</p><p><br /></p><p>We have a customer that I recently met who has the PCGS LOWEST grade Morgan set in Registry. This was not an accident. He has worked hard on this set actually.</p><p><br /></p><p>When we buy if I see EXTREMELY worn, original pieces I set them aside for him.</p><p><br /></p><p>We have another customer that just completed his set of holed Peace Dollars.</p><p><br /></p><p><br /></p><p>On the other hand there are many "investors" that never took the time to really learn a lot about coins or the way the market works. Yes, may be geniuses in other fields but put them in coins and they don't do the homework.</p><p>My older brother could have fallen into this category. Luckily he asked me first.</p><p><br /></p><p>When ebay was much younger and smaller I did pretty well with low dollar stuff. 30% margin was pretty much the norm. Well over 100% ws not uncommon with paper money. So now my brother wants to get into it (after making fun of my hobby for years BTW).</p><p><br /></p><p>I told him fine. Study it for a few years and get back to me when you know something. End of that. I am still the only active collector and sometimes seller in my family.</p><p><br /></p><p>As stated earlier it only takes a few "bidiots" (like that term) to jack up the price. Many times these are the same people that think they are getting a great deal on a "self slabber" coin.</p><p><br /></p><p>At the shop we currenty have about 5 MS66 Morgans in our case. All graded by NAC. They're priced at $30 each. We all know why. AU-MS coins that may have been cleaned.</p><p><br /></p><p>Not even worth wasting our time with them. They walked in the door, the boss bought them cheap and broke somebody's heart. It happens all the time to those that DO NOT do a bit of homework. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie3" alt=":(" unselectable="on" unselectable="on" /></p><p><br /></p><p>I DO respect the better respected TPGs to an extent but don't just go by the number on the slab.</p><p><br /></p><p>Information is available and it's a shame that more don't take advantage of it.[/QUOTE]</p><p><br /></p>
[QUOTE="clembo, post: 420100, member: 8033"]People collect odd stuff Gopher. What may be odd to you and I may not be to them though. We have a customer that I recently met who has the PCGS LOWEST grade Morgan set in Registry. This was not an accident. He has worked hard on this set actually. When we buy if I see EXTREMELY worn, original pieces I set them aside for him. We have another customer that just completed his set of holed Peace Dollars. On the other hand there are many "investors" that never took the time to really learn a lot about coins or the way the market works. Yes, may be geniuses in other fields but put them in coins and they don't do the homework. My older brother could have fallen into this category. Luckily he asked me first. When ebay was much younger and smaller I did pretty well with low dollar stuff. 30% margin was pretty much the norm. Well over 100% ws not uncommon with paper money. So now my brother wants to get into it (after making fun of my hobby for years BTW). I told him fine. Study it for a few years and get back to me when you know something. End of that. I am still the only active collector and sometimes seller in my family. As stated earlier it only takes a few "bidiots" (like that term) to jack up the price. Many times these are the same people that think they are getting a great deal on a "self slabber" coin. At the shop we currenty have about 5 MS66 Morgans in our case. All graded by NAC. They're priced at $30 each. We all know why. AU-MS coins that may have been cleaned. Not even worth wasting our time with them. They walked in the door, the boss bought them cheap and broke somebody's heart. It happens all the time to those that DO NOT do a bit of homework. :( I DO respect the better respected TPGs to an extent but don't just go by the number on the slab. Information is available and it's a shame that more don't take advantage of it.[/QUOTE]
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