Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
To Slab or Not To Slab...What's the Right Investment Choice?
>
Reply to Thread
Message:
<p>[QUOTE="Speedy, post: 196657, member: 705"]But then that kills the idea for him to see how good the price guides are....if the guides say that his coins are worth $5k and he only has $2k in the coins then the time to sell is NOW---true, down the road it could be more---but it could be less...the modern coin market has taken a beating and isn't at the place it was a few years ago.</p><p>If the coin price guides are right then he has made an easy $3k....who is going to start taking bets on if the guides are right or if he has paid normal price.</p><p><br /></p><p>I agree with the guys above---some the greatest things you can learn about coins can ONLY be learned through selling.</p><p>I used to always think that I would never sell any of my collection--then the time came that I needed some money and I started to sell some coins and I learned ALOT about the market and how it works. I've learned that just because the price guides says $50 for such and such a coin, and if you only pay $5 there is more than likely a reason--and that reason might be that no one is interested in that coin....you might have to hold it years....</p><p>Since selling I've gone new directions with my collecting---I've met goals...and I've made money and I've lost money---but I would never trade what I've learned from selling coins for anything.</p><p>Alot of people look at price guides and when the prices don't move from one month to the next they think that it means the market is stable--that might not be the case.</p><p>Go to shows---go to auctions---and best of all, set up at a coin show and buy and sell and trade coins and you will see what coins are "good coins to buy" and what ones could put a dealer out of business.</p><p>I set up at a show and took some Junk Silver Morgan dollars---a guy offered to trade 6 ASE for 6 Morgan Dollars---I said ok because I like ASE alot more than Morgan Dollars---I didn't have the ASE 5 min. but that another guy standing there said how much you want for the ASE...I said that I wasn't sure I was going to sell them and he offers me $15-$20 each.....needless to say I sold.</p><p>I had some Mint Sets there and I didn't sell a one---</p><p>You know what this tells me---the price guides don't show much if any changes in the prices of the ASE....and most of the time they only change it when Bullion changes....but I've seen ASE go from $7 each to $15-$20 each.....</p><p>On price guides it shows some movement on Mint Sets---heck...don't I wish.....</p><p><br /></p><p>I guess maybe I'm blowing alot of hot air here---and I'm sorry--but I think I'm trying to say that the BEST knowledge that a collector can gain is through selling coins.</p><p><br /></p><p>Speedy[/QUOTE]</p><p><br /></p>
[QUOTE="Speedy, post: 196657, member: 705"]But then that kills the idea for him to see how good the price guides are....if the guides say that his coins are worth $5k and he only has $2k in the coins then the time to sell is NOW---true, down the road it could be more---but it could be less...the modern coin market has taken a beating and isn't at the place it was a few years ago. If the coin price guides are right then he has made an easy $3k....who is going to start taking bets on if the guides are right or if he has paid normal price. I agree with the guys above---some the greatest things you can learn about coins can ONLY be learned through selling. I used to always think that I would never sell any of my collection--then the time came that I needed some money and I started to sell some coins and I learned ALOT about the market and how it works. I've learned that just because the price guides says $50 for such and such a coin, and if you only pay $5 there is more than likely a reason--and that reason might be that no one is interested in that coin....you might have to hold it years.... Since selling I've gone new directions with my collecting---I've met goals...and I've made money and I've lost money---but I would never trade what I've learned from selling coins for anything. Alot of people look at price guides and when the prices don't move from one month to the next they think that it means the market is stable--that might not be the case. Go to shows---go to auctions---and best of all, set up at a coin show and buy and sell and trade coins and you will see what coins are "good coins to buy" and what ones could put a dealer out of business. I set up at a show and took some Junk Silver Morgan dollars---a guy offered to trade 6 ASE for 6 Morgan Dollars---I said ok because I like ASE alot more than Morgan Dollars---I didn't have the ASE 5 min. but that another guy standing there said how much you want for the ASE...I said that I wasn't sure I was going to sell them and he offers me $15-$20 each.....needless to say I sold. I had some Mint Sets there and I didn't sell a one--- You know what this tells me---the price guides don't show much if any changes in the prices of the ASE....and most of the time they only change it when Bullion changes....but I've seen ASE go from $7 each to $15-$20 each..... On price guides it shows some movement on Mint Sets---heck...don't I wish..... I guess maybe I'm blowing alot of hot air here---and I'm sorry--but I think I'm trying to say that the BEST knowledge that a collector can gain is through selling coins. Speedy[/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
>
US Coins Forum
>
To Slab or Not To Slab...What's the Right Investment Choice?
>
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...