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<p>[QUOTE=&quot;Kryptonitecomic, post: 1053304, member: 26784&quot;]I think knowledge of the toned coin market is indeed a large driver in toned coins prices......I don&#039;t bid blindly on coins I like just becuase I get a warm and fuzzy feeling and many of my customers are very knowledgable about the market after years of buying. My bids are always based on several factors that of course does include how the coin makes me feel, but also what similar coins have sold for, rarity and quality of toning especially from a per date &amp; mint mark perspective. I would submit that the more educatied you are about toners and the market....the more times your actually going to get a good deal and a good deal to me is one defined as not being burried in a coin at the point of sale.</p><p><br /></p><p>To further illustrate my point I would submit that when I first started purchasing toned morgans I bought from toned coin dealers and relied on them to valuate the coins and I paid the listed prices on their sites. In 2007 when I sold my collection I lost a significant amount of money on the majority of the coins I had purchased in this fashion. I simply did not know to go elsewhere like Ebay or Heritage as I thought the quality and prices of the coins would be better with the specialist since they knew the market.</p><p><br /></p><p>Now fast forward to 2010 and probably 90 to 95% of the coins I buy I get either good deals or I could sell the coin tomorrow for for at least what I paid for it today. This includes coins for my side business as well as coins for my collection....so real world education has made me a much more shrewed buyer in the market so you can balance the head and the heart very easily if one wants too. That&#039;s not to say I don&#039;t agree with any of your points as I do just simply digging a little further into some of your comentary that would appear on the surface to be a bit off target and not reality from what I have seen.</p><p><br /></p><p>I am quite certain that you could find examples of coins posted in this thread that the buyers simply paid way to much money becuase of the heart factor....I have seen several myself.[/QUOTE]</p><p><br /></p>

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