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<p>[QUOTE="doug444, post: 1907189, member: 38849"]I think the OP is doing the right thing analyzing resales before he invests, and in my mind, it's certainly not a case of penny-wise and pound-foolish. CT (and others) has plenty of posts from folks who bought such-and-such a coin, and ask us <u>afterwards</u> if they paid too much. There was quite a discussion about two weeks ago where I said, "you make your money when you BUY the coin, not when you sell it..." Of course, I still believe that, I have believed it for 30+ years.</p><p><br /></p><p>There's another alternative for the OP, but it depends on having a large active coin club nearby. There's a lot of old guys (like me) in their 60s and 70s who have started selling off their coins instead of turning them over to their clueless heirs. There's plenty of fine material to be bought, and no particular element of hurry-up, the sellers are patient while you do your marketing and grading research. One problem with this approach is you don't necessarily find what you want; you find a mish-mash of everything under the sun. Since I mostly collected Type Sets, that was not a big problem for me. Just another strategy. You also provide another benefit, i.e., paying in cash, and bingo, no paper trail, which matters to some sellers; on the other hand, you then have no proof what you paid for the coin, when the tax-man knocks.[/QUOTE]</p><p><br /></p>
[QUOTE="doug444, post: 1907189, member: 38849"]I think the OP is doing the right thing analyzing resales before he invests, and in my mind, it's certainly not a case of penny-wise and pound-foolish. CT (and others) has plenty of posts from folks who bought such-and-such a coin, and ask us [U]afterwards[/U] if they paid too much. There was quite a discussion about two weeks ago where I said, "you make your money when you BUY the coin, not when you sell it..." Of course, I still believe that, I have believed it for 30+ years. There's another alternative for the OP, but it depends on having a large active coin club nearby. There's a lot of old guys (like me) in their 60s and 70s who have started selling off their coins instead of turning them over to their clueless heirs. There's plenty of fine material to be bought, and no particular element of hurry-up, the sellers are patient while you do your marketing and grading research. One problem with this approach is you don't necessarily find what you want; you find a mish-mash of everything under the sun. Since I mostly collected Type Sets, that was not a big problem for me. Just another strategy. You also provide another benefit, i.e., paying in cash, and bingo, no paper trail, which matters to some sellers; on the other hand, you then have no proof what you paid for the coin, when the tax-man knocks.[/QUOTE]
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