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<p>[QUOTE=&quot;srkjkd, post: 318174, member: 7248&quot;]Greetings to all members! Often you will see in a post on general collecting advice, the necessity of selling one of your coins, as a major part of the collecting experience. I&#039;m not referring to the forced liquidation of your collection due to an emergency financial expense, merely that it helps you in gaining knowledge as a collector. perhaps upgrade a coin or sell one just to see how wise of a purchase you made. I decided to do that today. </p><p><br /></p><p>We have a local dealer here in town. He does not run a typical brick and mortar shop, but runs his business out of his home along with 2 large morton buildng type garages, depending all on what you are buying. He is more of a wholesaler but still buys and sells to the public. This man started in the banking business, and&nbsp; and as being an officer there, could go thru all the change , ect.. He also had cashiers advise him of any unusual coins or bills which come in. Needless to say, in the late 50&#039;s,early 60&#039;s and 70&#039;s, you could find many opportunities then. He has many years in and knows his coins apparently. This was my first transaction w/ him in 20 plus yrs and perhaps my second or third overall.</p><p><br /></p><p>I called him up and made an appointment to see him. When i spoke w/ him on the phone, i offered him a 1911-D saint in a new anacs slab ms62. He quoted me 950-1000 if it were an PCGS or NGC, but since it was anacs, he couldn&#039;t tell me. When i arrived, he met me and led me to a storage building. Pallets of coins from mint everywhere. Lots of full mint boxes of change varieties. When i came, i also brought my morgans w/ me in their storage album, as well as my want list consisting of 1902S in vg-f, and a1904-s in vf&nbsp; (morgans). I pull the saint out and open my morgan book. He picks up the anacs ms62 saint and says &quot;this isn&#039;t even uncirculated&quot; as he is looking at it then pulling his loupe out. Before either of us say anything, the phone rings........he spends the next 10 minutes talking to someone about a part for a billiard table, while twirling the anacs slab around. I just kind of hang out in my chair, looking around. Finally, he says,&quot; well , i have a customer &lt;probably me&gt;,i have to go&quot;. Now, back to insulting my coin, then starting on my morgans. He states how much better pcgs and ngc are, and if its sight unseen, you can buy those, and my anacs slabbed stuff...well.......(glad i wasn&#039;t there to sell my morgans). He picks up one coin and says &quot;I can&#039;t believe they called this ms65pl&quot; that was an interesting statement when all of a sudden, he looked closer at the slab and sees it is pcgs....it became quiet as he puts it under a light and pulls out the loop again. weird...the prooflike quality had returned!!!</p><p><br /></p><p>&nbsp;&nbsp; &nbsp;&nbsp; It is no wonder why so many new collectors leave the hobby. It is not just the home shopping network and a lot of other glitzy organizations which advertise in the back of magazines, sell you a tenth oz. coin for $50 then want 300 for the quarter oz one that you should buy from them. Then there are the local shops that try to make the fast buck buy lowballing and downgrading others &#039; coins, while trying to convince you how great their coins are.</p><p><br /></p><p>&nbsp;This hobby could be helped so much by getting newbies to forums like this as well as local clubs. Get them mentors and educations BEFORE they ever buy a coin. Forums like this can save newbies so much money and heartache, as well as helping them get in and truly enjoy and have fun at a hobby you can do your entire life (its not health dependent).</p><p><br /></p><p>Oh well, I guess my rant is over. I just wanted to relate a story of an all too typical hobby transaction. From a business standpoint, rather than stepping on people&#039;s coins, maybe compliment them on the ones you like. I would like my customer&#039;s to come back and be happy to see me!&nbsp; The end came out well simply due to lucky market circumstances...i purchased the coin less than 2 yrs ago. Even with him dropping it to au status from ms 62&nbsp; i&nbsp; pd$690 sold for $900</p><p><br /></p><p>Sorry for the long post !...steve[/QUOTE]</p><p><br /></p>

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