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Sometimes it pays to be patient, but it almost ALWAYS pays to buy the book first.
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<p>[QUOTE="RollofTheDice, post: 4431120, member: 112205"]Agreed! with a relatable beginner story.. </p><p>I saw a strange USA silver dollar coin I hadnt seen before.. a US Trade Dollar.. on consignment at a second hand store in Wilmington, NC about 5 years ago for $150.00. I wanted to have it.. but it was a lot of money for me to risk at the time; For something I knew absolutely nothing about. I looked it up and it seemed to be a common one and about the going price according to the price reference I found it in. (77-s?)</p><p><br /></p><p>It seems it could have been a bargain after now seeing they rarely are that price and condition! Until I read about how often they were counterfitted and fooled many dealers even. I believe I made the right decision holding off until I knew more.</p><p><br /></p><p>But it haunts me to this day a bit.. I never had a chance to know for sure if it was real.. I had learned Someone had actually bought it a couple weeks later when I went to look at it again. </p><p><br /></p><p>Its SO tempting. but then I wonder.. how many people might actually have counterfeits and not even know it? </p><p>Your story helps confirm that knowledge is necessary when considering anything above the general collectibles - and especially above a $50 price range! </p><p>In practicality, we cant be experts in everything But, we can definatly avoid impulse buys and not be taken for a fool if we take time to research something BEFORE we buy it! </p><p><br /></p><p>But sometimes that thrill of a win or loss gamble on a deal is an exciting way to drive ones research and expertise into a particular coin type! - if one can afford it![/QUOTE]</p><p><br /></p>
[QUOTE="RollofTheDice, post: 4431120, member: 112205"]Agreed! with a relatable beginner story.. I saw a strange USA silver dollar coin I hadnt seen before.. a US Trade Dollar.. on consignment at a second hand store in Wilmington, NC about 5 years ago for $150.00. I wanted to have it.. but it was a lot of money for me to risk at the time; For something I knew absolutely nothing about. I looked it up and it seemed to be a common one and about the going price according to the price reference I found it in. (77-s?) It seems it could have been a bargain after now seeing they rarely are that price and condition! Until I read about how often they were counterfitted and fooled many dealers even. I believe I made the right decision holding off until I knew more. But it haunts me to this day a bit.. I never had a chance to know for sure if it was real.. I had learned Someone had actually bought it a couple weeks later when I went to look at it again. Its SO tempting. but then I wonder.. how many people might actually have counterfeits and not even know it? Your story helps confirm that knowledge is necessary when considering anything above the general collectibles - and especially above a $50 price range! In practicality, we cant be experts in everything But, we can definatly avoid impulse buys and not be taken for a fool if we take time to research something BEFORE we buy it! But sometimes that thrill of a win or loss gamble on a deal is an exciting way to drive ones research and expertise into a particular coin type! - if one can afford it![/QUOTE]
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Sometimes it pays to be patient, but it almost ALWAYS pays to buy the book first.
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