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<p>[QUOTE=&quot;bahabully, post: 1075503, member: 17555&quot;]Let&#039;s here what you think !</p><p>&nbsp;</p><p>First, for the purpose of this conversation, we will accept as a given that:</p><p>1 - we are speaking from the collector perspective</p><p>2 - as a collector, we are NOT collecting &quot;just&quot; to have fun, but also to invest in a market.</p><p>&nbsp;</p><p>Here&#039;s my thoughts and what has worked well for me &quot;when I&#039;ve applied it&quot; in practice (at least so far).</p><p>&nbsp;</p><p>1 - as noted in the forum many times:</p><p>A &gt; the investment side of a coin transaction is made on the &quot;buy&quot;</p><p>B &gt; the margin on dealer stock is often the biggest detractor on the &quot;buy&quot;</p><p>&nbsp;</p><p>What I try to do is remove the dealer and this margin from my &quot;buy&quot;. The idea is to buy investment coins for what a dealer would pay (or less).</p><p>&nbsp;</p><p>That essentially means you have to intercept the supply of coins from the &quot;market to dealer&quot; flow. The best value stream for sneaking in I&#039;ve found:</p><p>- collector to dealer.</p><p>- heir to dealer.</p><p>- other seller to dealer.</p><p>&nbsp;</p><p>The idea is to replace the &quot;dealer&quot; in that equation with &quot;collector&quot; (you) so you have a collector/heir/or other seller to collector transaction. The motivation for selling point for each of these three type of sellers is distinctly different than that of a dealer.</p><p>&nbsp;</p><p>* Heir&#039;s (and often times &#039;other sellers&#039;) don&#039;t have to worry about &#039;margin&#039; at all... any $ they get on the transaction is often 100% profit, so they really have no &quot;loss&quot; point in the transaction. Best place to find these guys:</p><p>1 - ebay, you&#039;ll have to sift through a lot (thousands) of auctions to find a single buy at dealer (or less) cost for a quality and in demand coin,, but I&#039;ve done it many many times. You&#039;ll also get burned here and there also, but the better you get the less often you get burned,, and when I say burned, I mean you wind up paying retail cost or a bit more.... </p><p>2 - run an ad in the paper offering to buy coins,,, this costs $ and many times nets a lot of junk, but it offers you the chance to catch a &#039;whale&#039; or two, where ebay would have thousands of others jumping on that fish.</p><p>&nbsp;</p><p>&nbsp;</p><p>* Collectors generally have a price point in mind, but aren&#039;t trying to make a living selling,,, so are generally happy with a loss, get some money, and likely roll it back into another coin or an upgrade of the same coin.</p><p>Best place to find these guys:</p><p>1 - coin shows - a lot of collectors bring in coins to trade or sell to dealers at shows... don&#039;t be afraid to step in and speak to someone at a show if you notice them showing dealers or other collectors thier stock.. there is no crime in America that says you can&#039;t swoop in and offer someone a better deal for something they are trying to sell.</p><p>2 - ebay, as above </p><p>3 - ad in the paper, as above</p><p>&nbsp;</p><p>* try to stay away from local auctions, garage sales, etc... It will probably do you some good to go to these a few times just to see what is there, but from my experience the local auctions are run by folks who know what they have and shill any coin values beyond a reasonable price.... </p><p>garage sales are full of junk mostly, maybe some winners there,, but likely a waste of time and resources,, that said, &#039;whales&#039; could also be out there waiting,, I&#039;ve just never found one at garage sales, but have heard stories.</p><p>&nbsp;</p><p>** get creative, build a better mouse trap (coin trap),, classifieds, craigslist, etc... spend time actively looking (I&#039;ve found a few in random places like this,, and I mean GOOD ones !) If you want coin investment to pay, you&#039;ll have to do more than those around you (like anything),,, the more work you put into avoiding coin margins at the &quot;buy&quot;, the better you&#039;ll do with your investment in coins.</p><p>&nbsp;</p><p>Upshot - Avoid buying from dealers and paying thier margin, seek to buy from thier sources (or others) at thier cost or less.... and most importantly: </p><p>NEVER FALL IN LOVE WITH COLLECTING COINS, or like any good meth addict, you&#039;ll end up on the dealers doorstep. :devil:[/QUOTE]</p><p><br /></p>

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