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Some recommended reading for those new to coins
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<p>[QUOTE="samjimmy, post: 100765, member: 3813"]$503.10 would mean that the coin contains more than 1oz. of pure gold (if gold is going for $500/oz.). I haven't read the whole article, but I have an issue with a couple points already in Myth #1...</p><p><br /></p><p>Ahhh, the dealer "grossly overcharged customers" ... according to whom and what magic, all knowing guide? "Multiples of their fair market value" and "fairly priced" is all so interesting, and while I realize there are price *GUIDES* (note: not price bibles), and it's conforting to use these, it makes me shake my head when I read someone coming down on a dealer for "grossly overcharged customers" as if they are the price police. "Fair price" is highly subjective, and just because someone sells on the high end of the price scale doesn't mean they are overcharging people. With just about anything you buy (beds, alarm clocks, etc.), you could find that item at low and high prices depending on where you shop.</p><p><br /></p><p>Again, buyer beware. If you don't know what you're buying and you're willing to pay hundreds of dollars for it, then I'd be more than happy to sell you that nickel. I love the, "NGC took an important stance..." and then, "...but later lifted the ban." Guess it wasn't so important of a stance, eh?</p><p><br /></p><p>Note: Author states, "Shortly after NGC's founding in 1987, I worked there for three years as a part-time grader."</p><p><br /></p><p>I will read the rest of this article without commenting on all of it point by point, but so far, half way through point #1, it's bird cage liner. Hopefully it will improve and there will be something useful.[/QUOTE]</p><p><br /></p>
[QUOTE="samjimmy, post: 100765, member: 3813"]$503.10 would mean that the coin contains more than 1oz. of pure gold (if gold is going for $500/oz.). I haven't read the whole article, but I have an issue with a couple points already in Myth #1... Ahhh, the dealer "grossly overcharged customers" ... according to whom and what magic, all knowing guide? "Multiples of their fair market value" and "fairly priced" is all so interesting, and while I realize there are price *GUIDES* (note: not price bibles), and it's conforting to use these, it makes me shake my head when I read someone coming down on a dealer for "grossly overcharged customers" as if they are the price police. "Fair price" is highly subjective, and just because someone sells on the high end of the price scale doesn't mean they are overcharging people. With just about anything you buy (beds, alarm clocks, etc.), you could find that item at low and high prices depending on where you shop. Again, buyer beware. If you don't know what you're buying and you're willing to pay hundreds of dollars for it, then I'd be more than happy to sell you that nickel. I love the, "NGC took an important stance..." and then, "...but later lifted the ban." Guess it wasn't so important of a stance, eh? Note: Author states, "Shortly after NGC's founding in 1987, I worked there for three years as a part-time grader." I will read the rest of this article without commenting on all of it point by point, but so far, half way through point #1, it's bird cage liner. Hopefully it will improve and there will be something useful.[/QUOTE]
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Some recommended reading for those new to coins
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