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<p>[QUOTE="rad1964, post: 642320, member: 18557"]I must disagree with 'Staying Poor with Impulse Buying' , mainly because it is impulse buying that has educated me and gotten me into coin collecting once again.</p><p><br /></p><p>As far as the education portion goes, when I was a lad, I was collecting lincoln cents and my Dad passed over to me a few nicer coins, like some morgan dollars. When I had lost/been ripped off for $15, back then, it was of course a fortune to a small guy like me. Lesson learned. Forward 20 years, or so...</p><p>Now anything over $100 is cause for alarm. You just work too hard to get burned for $100, yet an impulse buy here, without investigation into history and comparisons and BAM you get burned for a fake coin. </p><p><br /></p><p>Now you just paid $100 + $15 in your coin life lessons, and you are ready for the big purchase or 'next-step', a AU example of a $20 Gold Note or a Double Eagle Certified coin. You do not and WILL NOT get burned for $1,000, so you do the homework, compare the coin, learn the history and are a much more educated buyer.</p><p><br /></p><p>As far as the impulse buying goes, I agree it's not wise to make impulse buying your manner of operation, but using impulse buying on rare occasions is not the end of the world and can be a great experience. </p><p><br /></p><p>I was not really a collector of US Paper Notes, however did have the mandatory Silver Certificate. After viewing some older paper on the Heritage Auction sites, I made a impulse buy. I do not regret it in any way and this has fueled me to also get the matches in denomination for that series or close to it.</p><p>When I look at these bills, I am reminded of the history behind the US and the beauty of the older larger bills compared with today's notes.</p><p><br /></p><p>I would not have started collecting paper, were it not for my 'impulse buy' and likely not collected Koroit and Yowah Opals either.</p><p><br /></p><p><img src="http://www.radmedia.org/Coins/koroit.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p><img src="http://www.radmedia.org/Coins/paper.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>Can anyone say these examples were a mistake? Probably not, because why? Because everyone's collection is in "their" eye "their" treasure. And also, not everyone can own a Adams-Carter 1804 Silver Dollar Class III !!</p><p><br /></p><p>Just my .02 cents,</p><p>RAD[/QUOTE]</p><p><br /></p>
[QUOTE="rad1964, post: 642320, member: 18557"]I must disagree with 'Staying Poor with Impulse Buying' , mainly because it is impulse buying that has educated me and gotten me into coin collecting once again. As far as the education portion goes, when I was a lad, I was collecting lincoln cents and my Dad passed over to me a few nicer coins, like some morgan dollars. When I had lost/been ripped off for $15, back then, it was of course a fortune to a small guy like me. Lesson learned. Forward 20 years, or so... Now anything over $100 is cause for alarm. You just work too hard to get burned for $100, yet an impulse buy here, without investigation into history and comparisons and BAM you get burned for a fake coin. Now you just paid $100 + $15 in your coin life lessons, and you are ready for the big purchase or 'next-step', a AU example of a $20 Gold Note or a Double Eagle Certified coin. You do not and WILL NOT get burned for $1,000, so you do the homework, compare the coin, learn the history and are a much more educated buyer. As far as the impulse buying goes, I agree it's not wise to make impulse buying your manner of operation, but using impulse buying on rare occasions is not the end of the world and can be a great experience. I was not really a collector of US Paper Notes, however did have the mandatory Silver Certificate. After viewing some older paper on the Heritage Auction sites, I made a impulse buy. I do not regret it in any way and this has fueled me to also get the matches in denomination for that series or close to it. When I look at these bills, I am reminded of the history behind the US and the beauty of the older larger bills compared with today's notes. I would not have started collecting paper, were it not for my 'impulse buy' and likely not collected Koroit and Yowah Opals either. [IMG]http://www.radmedia.org/Coins/koroit.jpg[/IMG] [IMG]http://www.radmedia.org/Coins/paper.jpg[/IMG] Can anyone say these examples were a mistake? Probably not, because why? Because everyone's collection is in "their" eye "their" treasure. And also, not everyone can own a Adams-Carter 1804 Silver Dollar Class III !! Just my .02 cents, RAD[/QUOTE]
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