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Should I buy "gem" Morgans to be graded?
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<p>[QUOTE="satootoko, post: 135121, member: 669"]<font size="3"><span style="color: red">NO!</span></font>, at least not until you have learned enough to <u>accurately</u> grade raw coins according to the standards of the TPG you will use, so you can tell which ones are priced low enough to make a profit on at the grade you successfully predict will be awarded by the TPG.</p><p><br /></p><p>Necessary skils include the ability to detect cleaning, overdipping, weak and strong strikes, TPG idiosyncracies, and all the other myriad of details that go into determining what grade the TPG will award.</p><p><br /></p><p> In investing, like in coin collecting, <u>always</u> "Buy the book" before the coin/stock/commodity/parcel of real estate/etc.</p><p><br /></p><p>Some folks say the best way to make a small fortune is taking a large fortune to Las Vegas. An even better way is investing that large fortune in something you don't fully understand.<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie11" alt=":rolleyes:" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="satootoko, post: 135121, member: 669"][size=3][color=red]NO![/color][/size][color=red][/color], at least not until you have learned enough to [u]accurately[/u] grade raw coins according to the standards of the TPG you will use, so you can tell which ones are priced low enough to make a profit on at the grade you successfully predict will be awarded by the TPG. Necessary skils include the ability to detect cleaning, overdipping, weak and strong strikes, TPG idiosyncracies, and all the other myriad of details that go into determining what grade the TPG will award. In investing, like in coin collecting, [u]always[/u] "Buy the book" before the coin/stock/commodity/parcel of real estate/etc. Some folks say the best way to make a small fortune is taking a large fortune to Las Vegas. An even better way is investing that large fortune in something you don't fully understand.:rolleyes:[/QUOTE]
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Should I buy "gem" Morgans to be graded?
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