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<p>[QUOTE="WingedLiberty, post: 2634226, member: 26030"]If you buy raw, watch out on getting ripped off. There are a lot of raw problem coins for sale, and if you rely on your eye or the sellers estimate for grade and price, you will likely overpay. A coin might eye-ball for AU58, but if it was improperly cleaned in its past, it's value might be only 25% of guide. If I were doing what you were trying to do (with little experience), I would buy only PCGS slabbed coins (IMHO PCGS is the best at grading (but not perfect) ... NGC is 2nd, IMHO) -- at least then you are more assured of what the value actually is and can make better decisions. If you do go the PCGS route, get them TrueView photographed by PCGS and start a Registry as that's a nice way to enjoy and track your set. And being PCGS slabbed you have something that will hold it's value (fairly well, if you ever go to resell). When i dabbled in Currency Types back in 2010, I thought I could rely on the sellers grade and my own eye (classic overconfidence) and ended up with a collection with a lot of doctored and "professionally worked on / cleaned up" notes that were valued at only $5k when I spent $10k -- it was an expensive lesson but one that saved me tons more when I got back into coins. If you are like most of us, you will buy a few things that you later dont like as much, and wish to upgrade ... you might be in a rude awakening on the value of your old piece at that point.</p><p><br /></p><p>However if you wanted to go really lowball and old school and wanted lower end types (AG, G, VG) and wanted to go raw for cheapness, that's fine too. There are many ways to collect and some collectors hate slabs. Just dont pay too much. Collect for enjoyment and not resale value. Occasionally try to sell something to learn a bit more about value and problem coins. It can be eye opening!</p><p><br /></p><p>JMHO[/QUOTE]</p><p><br /></p>
[QUOTE="WingedLiberty, post: 2634226, member: 26030"]If you buy raw, watch out on getting ripped off. There are a lot of raw problem coins for sale, and if you rely on your eye or the sellers estimate for grade and price, you will likely overpay. A coin might eye-ball for AU58, but if it was improperly cleaned in its past, it's value might be only 25% of guide. If I were doing what you were trying to do (with little experience), I would buy only PCGS slabbed coins (IMHO PCGS is the best at grading (but not perfect) ... NGC is 2nd, IMHO) -- at least then you are more assured of what the value actually is and can make better decisions. If you do go the PCGS route, get them TrueView photographed by PCGS and start a Registry as that's a nice way to enjoy and track your set. And being PCGS slabbed you have something that will hold it's value (fairly well, if you ever go to resell). When i dabbled in Currency Types back in 2010, I thought I could rely on the sellers grade and my own eye (classic overconfidence) and ended up with a collection with a lot of doctored and "professionally worked on / cleaned up" notes that were valued at only $5k when I spent $10k -- it was an expensive lesson but one that saved me tons more when I got back into coins. If you are like most of us, you will buy a few things that you later dont like as much, and wish to upgrade ... you might be in a rude awakening on the value of your old piece at that point. However if you wanted to go really lowball and old school and wanted lower end types (AG, G, VG) and wanted to go raw for cheapness, that's fine too. There are many ways to collect and some collectors hate slabs. Just dont pay too much. Collect for enjoyment and not resale value. Occasionally try to sell something to learn a bit more about value and problem coins. It can be eye opening! JMHO[/QUOTE]
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