Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
The "Deal Shopping" Mentality - Helpful Insights for the New Collectors
>
Reply to Thread
Message:
<p>[QUOTE="Cloudsweeper99, post: 691003, member: 3011"]Coin collecting has many communities of interest and conflicts of interest. This is probably inherent in any exchange where some participants are trying to make money while others are trying to have fun -- the business vs. hobby issue. When we started out trading baseball cards in our youth ["I'll trade you two of X for your Y"], it was all a community of interest. Both sides probably walked away satisfied that they got the better of the deal. </p><p><br /></p><p>Once you insert a dealer into the picture, there is naturally a conflict of interest with one side trying to extract money from the other person who is just trying to enjoy a hobby. </p><p><br /></p><p>This whole arrangement moves to an entirely different level when the dealer is confronted by the investor bargain hunter who is probably more aggressive than he is. It doesn't feel good to have someone do to you what you've been doing to make a living.</p><p><br /></p><p>I'm not saying any of this is wrong. But everyone has to make peace with their collection and decide how deep into the hobby they wish to become -- both in knowledge and money. One collector will not buy any coin that isn't slabbed MS70, another won't touch anything that doesn't make professionals drool, another will want a $100 coin for $50, and a fourth will be happy with a Whitman album going through bank rolls. The only important thing is to be satisfied with what you collect.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 691003, member: 3011"]Coin collecting has many communities of interest and conflicts of interest. This is probably inherent in any exchange where some participants are trying to make money while others are trying to have fun -- the business vs. hobby issue. When we started out trading baseball cards in our youth ["I'll trade you two of X for your Y"], it was all a community of interest. Both sides probably walked away satisfied that they got the better of the deal. Once you insert a dealer into the picture, there is naturally a conflict of interest with one side trying to extract money from the other person who is just trying to enjoy a hobby. This whole arrangement moves to an entirely different level when the dealer is confronted by the investor bargain hunter who is probably more aggressive than he is. It doesn't feel good to have someone do to you what you've been doing to make a living. I'm not saying any of this is wrong. But everyone has to make peace with their collection and decide how deep into the hobby they wish to become -- both in knowledge and money. One collector will not buy any coin that isn't slabbed MS70, another won't touch anything that doesn't make professionals drool, another will want a $100 coin for $50, and a fourth will be happy with a Whitman album going through bank rolls. The only important thing is to be satisfied with what you collect.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
The "Deal Shopping" Mentality - Helpful Insights for the New Collectors
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...