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<p>[QUOTE="WillieSutton, post: 72617, member: 3835"]Agreed, and certainly on the last paragraph.</p><p><br /></p><p>Perhaps we can move this discussion further with a comment, a hypothetical, and some tougher questions, at least in my mind.</p><p><br /></p><p>(1) The comment is I always believe one should have an exit strategy in mind for any investment. The price of silver could move up rapidly, and be discounted heavily by purchasers who fear buying in a topping formation.</p><p>A person may need to spend some funds a some point in retirement. An individual may not feel their heirs would deal properly with this form of investment. There could be any number of reasons.</p><p><br /></p><p>(2) If someone wanted to, or had to, sell 40% Kennedys now, how would they maximize their net price. My guess would be via ebay, but, since I have never sold anything on ebay, or any gold or silver for that matter, let me ask someone to let us know say what would be the net price for a relatively new account with a 100% rating on ebay to sell at a gross auction price of $1,000 worth.</p><p><br /></p><p>(3) A tougher question for me to answer right now is not whether to worry about selling 40% or 90% silver under spot, but should one pay many multiples over spot to get into numismatic coins. They are magnificant and a great hobby, learning experience, etc., etc., sincerely. But will guys like you and I be some of those buying these coins for pennies of the current prices in a recession. I hear too many collectors saying I love my coins and would never sell under any conditions. Some imply that if prices continue to go up, what a great investment. If prices go down, no big deal because it is a hobby. Is that realistic? No offense intended to anyone, but I think it is a valid question to at least consider for any asset.</p><p><br /></p><p>(4) I am sure there are many great, helpful, honest, etc., "small" coin dealers out there. But what I'm picking up on several of these forums is it is a very, very tough business, and it is difficult to be all of those good things and make any money. Upon inquiry about buying from them when prices are falling, often I hear personally from dealers that "I can't lower my price because I have more than that in the coin." And upon inquiry about selling to them when prices are rising [I think that is a valid question early on, for future reference, even if you are holding for the longer term], "Oh, I can't pay you that price because I can't replace my inventory for that price." As I have said before, you can always walk away, and should be disciplined enough to do so. It seems much easier to buy from, than sell to, a "small" dealer.</p><p><br /></p><p>Willie[/QUOTE]</p><p><br /></p>
[QUOTE="WillieSutton, post: 72617, member: 3835"]Agreed, and certainly on the last paragraph. Perhaps we can move this discussion further with a comment, a hypothetical, and some tougher questions, at least in my mind. (1) The comment is I always believe one should have an exit strategy in mind for any investment. The price of silver could move up rapidly, and be discounted heavily by purchasers who fear buying in a topping formation. A person may need to spend some funds a some point in retirement. An individual may not feel their heirs would deal properly with this form of investment. There could be any number of reasons. (2) If someone wanted to, or had to, sell 40% Kennedys now, how would they maximize their net price. My guess would be via ebay, but, since I have never sold anything on ebay, or any gold or silver for that matter, let me ask someone to let us know say what would be the net price for a relatively new account with a 100% rating on ebay to sell at a gross auction price of $1,000 worth. (3) A tougher question for me to answer right now is not whether to worry about selling 40% or 90% silver under spot, but should one pay many multiples over spot to get into numismatic coins. They are magnificant and a great hobby, learning experience, etc., etc., sincerely. But will guys like you and I be some of those buying these coins for pennies of the current prices in a recession. I hear too many collectors saying I love my coins and would never sell under any conditions. Some imply that if prices continue to go up, what a great investment. If prices go down, no big deal because it is a hobby. Is that realistic? No offense intended to anyone, but I think it is a valid question to at least consider for any asset. (4) I am sure there are many great, helpful, honest, etc., "small" coin dealers out there. But what I'm picking up on several of these forums is it is a very, very tough business, and it is difficult to be all of those good things and make any money. Upon inquiry about buying from them when prices are falling, often I hear personally from dealers that "I can't lower my price because I have more than that in the coin." And upon inquiry about selling to them when prices are rising [I think that is a valid question early on, for future reference, even if you are holding for the longer term], "Oh, I can't pay you that price because I can't replace my inventory for that price." As I have said before, you can always walk away, and should be disciplined enough to do so. It seems much easier to buy from, than sell to, a "small" dealer. Willie[/QUOTE]
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