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<p>[QUOTE="desertgem, post: 1261482, member: 15199"]Welcome to the forum! and sometimes it is a tough love forum, but the majority mean the very best, and some hope to help you prevent errors they themselves have made. Knowledge is more the asset than any financial backing, and it is difficult to keep in the game. Some of us have been at it for half a century and still have to read and study all the time. Since money seems to be available, I would (1) Buy an established numismatic library, either through estates or auction. There are several numismatic booksellers. (2) Buy loupes, a stereo microscope, analytic balances, specific gravity apparatus, etc, and learn to use them. (3) Buy some PCGS and NGC graded key coins and also some fakes or altered., and learn to tell them apart (4) Start attending every coin club and coin show within your area, and take you loupe and study the coins your see (5) Take ANA classes on grading and counterfeiting ( the 2 factors most likely to determine your cash flow), (6)Join every coin forum you can for knowledge rather than just chit chat ( this is the best of course <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />). There of course are other suggestions, but these will pay off rather quickly.</p><p><br /></p><p>On the progression from online to B&M stores, my personal opinion, is that "these times" are some of the exceptional years for precious metals, and collector coins. Today the San Diego Union, a midsized city's paper, had 4 1/2 pages of coin and bullion dealers of ads, containing one full ad in color, out of a total of 24 pages of Section A ( Main pages), and this can't continue. Sooner or later the PM and coin bust will come and many businesses will get low cash flow or will vanish. You will have to be in the high price/Heritage auction type of coins to continue well. </p><p><br /></p><p>Best of luck to you</p><p>Jim[/QUOTE]</p><p><br /></p>
[QUOTE="desertgem, post: 1261482, member: 15199"]Welcome to the forum! and sometimes it is a tough love forum, but the majority mean the very best, and some hope to help you prevent errors they themselves have made. Knowledge is more the asset than any financial backing, and it is difficult to keep in the game. Some of us have been at it for half a century and still have to read and study all the time. Since money seems to be available, I would (1) Buy an established numismatic library, either through estates or auction. There are several numismatic booksellers. (2) Buy loupes, a stereo microscope, analytic balances, specific gravity apparatus, etc, and learn to use them. (3) Buy some PCGS and NGC graded key coins and also some fakes or altered., and learn to tell them apart (4) Start attending every coin club and coin show within your area, and take you loupe and study the coins your see (5) Take ANA classes on grading and counterfeiting ( the 2 factors most likely to determine your cash flow), (6)Join every coin forum you can for knowledge rather than just chit chat ( this is the best of course :)). There of course are other suggestions, but these will pay off rather quickly. On the progression from online to B&M stores, my personal opinion, is that "these times" are some of the exceptional years for precious metals, and collector coins. Today the San Diego Union, a midsized city's paper, had 4 1/2 pages of coin and bullion dealers of ads, containing one full ad in color, out of a total of 24 pages of Section A ( Main pages), and this can't continue. Sooner or later the PM and coin bust will come and many businesses will get low cash flow or will vanish. You will have to be in the high price/Heritage auction type of coins to continue well. Best of luck to you Jim[/QUOTE]
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