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<p>[QUOTE=&quot;imrich, post: 1641259, member: 22331&quot;]<b>The Learning Process</b></p><p><br /></p><p><br /></p><p><br /></p><p>Now that you&#039;ve decided the type of coin that you want, that it be certified, the budget, I&#039;d suggest that you start your purchasing process by learning how to acquire and use a &quot;snipe&quot; program. </p><p><br /></p><p>I live in a rural area where there aren&#039;t coin dealers other than a silver buyer who attends gun shows, etc. offering to purchase &quot;junk silver&quot; at less than melt. I would purchase from a competitive LCS if one existed for my products of interest, but that isn&#039;t a possibility. EBay is definitely my best choice, where I purchase certified Morgan dollars daily in grades from MS60 to Gem condition HMPL Carson City. In my opinion, eBay is a great source for both beginning or advanced collectors, but you first must learn what and how to purchase. You still have many years remaining to refine the process, as collecting can be an enjoyable life-long learning process. There is much that can be learned on this site and others about collecting, once the chaff is removed to reveal the essence of the process. If instant education is your goal, you may as in the past, learn that some things are less valuable.</p><p>&nbsp;</p><p>I suggest that you first concentrate on acquiring some common date certified Morgan dollars on eBay by using a &quot;snipe&quot; program which can be initially downloaded for free. You can then determine the grading differences between the various grading firms by acquiring common date coins before you try acquiring more valuable coins. </p><p><br /></p><p>I would recommend a MS63 grade coin, as I&#039;ve found them to have the best &quot;return on investment&quot;. Opinions on certifying firms vary considerably in this venue, but I believe you&#039;ll learn quickly which firm of the highest ranked top three TPG is most likely to provide your definition of accurate grading. I suggest that you don&#039;t ignore ANACS graded coins, as many of my most beautiful coins are in their &quot;slabs&quot;, and I&#039;ve found great material/potential for &quot;up-grade&quot;.</p><p><br /></p><p>I believe once you learn how and when to buy, you&#039;ll acquire some &quot;quality coins&quot;, well within your budget. </p><p><br /></p><p>I recommend that you start by concentrating on 1921 plain Morgan Dollar coins, as you should be able to acquire two coins for your stated allowable allotment. Dependent on your learning curve, you may even have some change remaining to apply towards your next Morgan purchase, and even have fun in the purchase process. </p><p><br /></p><p>JMHO :thumb:[/QUOTE]</p><p><br /></p>

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