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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="Coinsandmedals, post: 4446868, member: 107435"]I agree it is difficult to justify the hefty price for some numismatic reference materials. This is especially true when considering relatively inexpensive coins; however, in this case, the book is not limited to this one coin. Peck covers the entire run of English copper coinage from 1558-1958 and does so in such detail that the amount of knowledge gained far exceeds the price of the book (I attempt to explain below). </p><p><br /></p><p>I also cannot agree more with the idea of purchasing from trusted sources, but the slabbed portion mainly falls short when considering the majority of what I collect. I have never had an issue with counterfeits and U.S. coinage but that is primarily because there is much more information openly available for those coins and, in most cases, an abundance of already slabbed examples ready for purchase. Most of Europe is slow to adopt the use of TPGs, and because of that, the majority of the pieces I seriously consider are raw. Although the more expensive pieces are usually purchased from trusted sources, I would be crazy to pass up the opportunity to buy from long-held family collections from private sellers. This is where my investment in the book pays off because I am not longer reliant upon the knowledge of others and TPGs to feel confident in my purchases. This has allowed me to buy raw examples from both dealers and private sellers for multiples less than what an equivalent slabbed example would realize. Not to mention the numerous situations where I have substantially benefited from a TPG error in variety attribution. So, in the end, the money I spent on the book is negated by the money saved from advantageous purchases that would have otherwise would have been a considerable gamble. </p><p><br /></p><p>In the end, it does not matter how or where you gain knowledge. The important thing is that you do. The general lack of freely available information on the stuff that I primarily collect is what motivated me to build the custom registry sets that I have built. I just hope others find it useful.[/QUOTE]</p><p><br /></p>
[QUOTE="Coinsandmedals, post: 4446868, member: 107435"]I agree it is difficult to justify the hefty price for some numismatic reference materials. This is especially true when considering relatively inexpensive coins; however, in this case, the book is not limited to this one coin. Peck covers the entire run of English copper coinage from 1558-1958 and does so in such detail that the amount of knowledge gained far exceeds the price of the book (I attempt to explain below). I also cannot agree more with the idea of purchasing from trusted sources, but the slabbed portion mainly falls short when considering the majority of what I collect. I have never had an issue with counterfeits and U.S. coinage but that is primarily because there is much more information openly available for those coins and, in most cases, an abundance of already slabbed examples ready for purchase. Most of Europe is slow to adopt the use of TPGs, and because of that, the majority of the pieces I seriously consider are raw. Although the more expensive pieces are usually purchased from trusted sources, I would be crazy to pass up the opportunity to buy from long-held family collections from private sellers. This is where my investment in the book pays off because I am not longer reliant upon the knowledge of others and TPGs to feel confident in my purchases. This has allowed me to buy raw examples from both dealers and private sellers for multiples less than what an equivalent slabbed example would realize. Not to mention the numerous situations where I have substantially benefited from a TPG error in variety attribution. So, in the end, the money I spent on the book is negated by the money saved from advantageous purchases that would have otherwise would have been a considerable gamble. In the end, it does not matter how or where you gain knowledge. The important thing is that you do. The general lack of freely available information on the stuff that I primarily collect is what motivated me to build the custom registry sets that I have built. I just hope others find it useful.[/QUOTE]
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