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<p>[QUOTE="Hus.thaler, post: 2938756, member: 85490"]I will try to give you the sideways answer--</p><p><br /></p><p>1) You say that you are on a limited budget, which could mean many things, but there are basically two ways to buy coins--as an investor or as a collector. If you are primarily buying as an investor then there is no substitute for research. Read the books, check the catalogs, review auction prices, etc. You have to know the market. On the other hand, if you are a collector, then you should still do as much research as possible, but you should really be out there buying what you like, which you will find to be an evolving state. Look at as many coins as you can, ideally before buying any of them, and then ask yourself if you like such-and-such a coin, if it has the eye appeal, etc. Sure, someday your coin collection will be sold (by you or your heirs), but buy coins you value, not just because some price guide says the coin is worth $$$ (unless that is what makes the coin beautiful to you, of course).</p><p><br /></p><p>2) Expect to make mistakes. Expect to spend too much. Expect to buy a coin that you regret buying later. Don't go out of your way to do any of these things, but realize that you will make these errors. Chalk them up to tuition in a Coin Collector University.</p><p><br /></p><p>3) Buy some cheap coins, where the impact of a mistake won't be that bad (and I don't know if "cheap" to you is "5 for $1" in a bin, or silver as-close-as-possible-to-spot, or $100 thalers). You learn a lot about coins when you dig through the cheap stuff, you learn a lot about dealers who are willing to provide friendly service to the cheap-coin-buyer, you learn a lot about what you like, and you will begin to learn about the sort of stuff that does not show up with the cheap stuff and might be a bargain.[/QUOTE]</p><p><br /></p>
[QUOTE="Hus.thaler, post: 2938756, member: 85490"]I will try to give you the sideways answer-- 1) You say that you are on a limited budget, which could mean many things, but there are basically two ways to buy coins--as an investor or as a collector. If you are primarily buying as an investor then there is no substitute for research. Read the books, check the catalogs, review auction prices, etc. You have to know the market. On the other hand, if you are a collector, then you should still do as much research as possible, but you should really be out there buying what you like, which you will find to be an evolving state. Look at as many coins as you can, ideally before buying any of them, and then ask yourself if you like such-and-such a coin, if it has the eye appeal, etc. Sure, someday your coin collection will be sold (by you or your heirs), but buy coins you value, not just because some price guide says the coin is worth $$$ (unless that is what makes the coin beautiful to you, of course). 2) Expect to make mistakes. Expect to spend too much. Expect to buy a coin that you regret buying later. Don't go out of your way to do any of these things, but realize that you will make these errors. Chalk them up to tuition in a Coin Collector University. 3) Buy some cheap coins, where the impact of a mistake won't be that bad (and I don't know if "cheap" to you is "5 for $1" in a bin, or silver as-close-as-possible-to-spot, or $100 thalers). You learn a lot about coins when you dig through the cheap stuff, you learn a lot about dealers who are willing to provide friendly service to the cheap-coin-buyer, you learn a lot about what you like, and you will begin to learn about the sort of stuff that does not show up with the cheap stuff and might be a bargain.[/QUOTE]
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Raleigh, NC coin show, any advice?
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