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<p>[QUOTE="geekpryde, post: 3710614, member: 36248"]I too collected as a kid, stopped in late High school and college, and picked it up again when my kids were very little.</p><p><br /></p><p>As a kid, I collected Indian Head cents, American Silver Eagles, buffalo nickels, anything cool I could find < $25.</p><p><br /></p><p>Well, when I got back into it, I made a bunch of mistakes, bought a roll of generic MS63 Morgans, thinking I would get them graded and become rich. Paid $150 for one of those mixed lots of no-name (non PCGS, non-NGC, non-ANACS) fako TPG graded coins. It was listed as containing "$10,000 worth of coins". It was all trash of course. I also did a bunch of other stupid things, can't even remember them all.</p><p><br /></p><p>After wasting a lot of money and not having anything to show for it, I was dormant again for a couple of years, but the itch was still there. Still looking, but not spending, since I was burned.</p><p><br /></p><p>Eventually I bought this coin from eBay because it looked absolutely amazing to me: 1923 $1 SILVER DOLLAR - PEACE LIBERTY HEAD NGC MS65 CAC.</p><p><br /></p><p>[ATTACH=full]994465[/ATTACH]</p><p><br /></p><p>I didn't really know about NGC or PCGS, definitely nothing about CAC. But the coin just wowed me. Somehow that lead me to cointalk, wanting to know more about graded coins and general info, and whatnot. That sole "nice" coin sat around a few years, and I had my raw IHC kicking around in cigar box, and the coin itch grew.</p><p><br /></p><p>I stated reading, and looking, and decided I loved Ultra Camero PR69 Kennedy Halves, best of all I could afford them. I build an entire set, took me years, the hunt was fun (I hunted on an extreme low budget). I then sold that set when I got bored of 99% of my coins looking the exact same. Due to finding a very nice cameo Accent Hair Kennedy, I even made some money (otherwise it would have been a break-even) But my knowledge from taking years to built it was 100x what I knew before. Lurking on CoinTalk for years before even bothering to join certainly had educational benefits.</p><p><br /></p><p>I decided to try "TYPE" collecting, it made so much more sense to me. It had a focused goal, without being the same thing over and over. And that CAC sticker I didn't know about, well, I finally was more curious about it and late 2012 I decided I knew enough to start spending real money again. Thus, I spend the next two years building my CAC type set, buying and selling many quality coins.</p><p><br /></p><p>Then of course, I starting chatting more regularly with Doug [USER=112]@GDJMSP[/USER] and realized I still knew nothing, so I had to stop collecting again, LOL.</p><p><br /></p><p>TLDR: I made a lot of mistakes getting back into collecting, and hard to learn the hard way. Dont be me! Find a coin series you like a lot, and can afford, and focus on that one thing. Read everything you can get your hands on. Learn along the way, and roll that knowledge into perhaps a more serious and expensive specialty for future years.</p><p><br /></p><p>p.s. That CAC peace dollar is still in my permanent collection. That one coin likely saved me from abandoning coins collecting a second, and final time.[/QUOTE]</p><p><br /></p>
[QUOTE="geekpryde, post: 3710614, member: 36248"]I too collected as a kid, stopped in late High school and college, and picked it up again when my kids were very little. As a kid, I collected Indian Head cents, American Silver Eagles, buffalo nickels, anything cool I could find < $25. Well, when I got back into it, I made a bunch of mistakes, bought a roll of generic MS63 Morgans, thinking I would get them graded and become rich. Paid $150 for one of those mixed lots of no-name (non PCGS, non-NGC, non-ANACS) fako TPG graded coins. It was listed as containing "$10,000 worth of coins". It was all trash of course. I also did a bunch of other stupid things, can't even remember them all. After wasting a lot of money and not having anything to show for it, I was dormant again for a couple of years, but the itch was still there. Still looking, but not spending, since I was burned. Eventually I bought this coin from eBay because it looked absolutely amazing to me: 1923 $1 SILVER DOLLAR - PEACE LIBERTY HEAD NGC MS65 CAC. [ATTACH=full]994465[/ATTACH] I didn't really know about NGC or PCGS, definitely nothing about CAC. But the coin just wowed me. Somehow that lead me to cointalk, wanting to know more about graded coins and general info, and whatnot. That sole "nice" coin sat around a few years, and I had my raw IHC kicking around in cigar box, and the coin itch grew. I stated reading, and looking, and decided I loved Ultra Camero PR69 Kennedy Halves, best of all I could afford them. I build an entire set, took me years, the hunt was fun (I hunted on an extreme low budget). I then sold that set when I got bored of 99% of my coins looking the exact same. Due to finding a very nice cameo Accent Hair Kennedy, I even made some money (otherwise it would have been a break-even) But my knowledge from taking years to built it was 100x what I knew before. Lurking on CoinTalk for years before even bothering to join certainly had educational benefits. I decided to try "TYPE" collecting, it made so much more sense to me. It had a focused goal, without being the same thing over and over. And that CAC sticker I didn't know about, well, I finally was more curious about it and late 2012 I decided I knew enough to start spending real money again. Thus, I spend the next two years building my CAC type set, buying and selling many quality coins. Then of course, I starting chatting more regularly with Doug [USER=112]@GDJMSP[/USER] and realized I still knew nothing, so I had to stop collecting again, LOL. TLDR: I made a lot of mistakes getting back into collecting, and hard to learn the hard way. Dont be me! Find a coin series you like a lot, and can afford, and focus on that one thing. Read everything you can get your hands on. Learn along the way, and roll that knowledge into perhaps a more serious and expensive specialty for future years. p.s. That CAC peace dollar is still in my permanent collection. That one coin likely saved me from abandoning coins collecting a second, and final time.[/QUOTE]
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