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True or false - A nice collection is not assembled by looking for good deals.
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<p>[QUOTE="Lehigh96, post: 766459, member: 15309"]Mike,</p><p><br /></p><p>The way your question is phrased leaves it wide open. <b>Typically</b>, the answer will be true, a nice collection is not assembled by looking for good deals. Most collectors that assemble any collection that has a superlative to describe it usually have paid handsomely for the coins in their collection. Sure there may have been a few lucky deals, but for the most part, they paid a price that would rarely be considered a deal. </p><p><br /></p><p>And therein lies the problem. What is a good deal? The typical collector would say a "good deal" is a coin purchased for less than greysheet bid. I call that a crock <span style="color: Red">edited</span>. I define a good deal much differently. I consider paying 2X greysheet bid for a coin I feel is worth 4X greysheet bid a "good deal" Everybody else calls me a fool who will be sorry when the "toned coin fad" ends.</p><p><br /></p><p>Now here is the real problem with your question. If a collector seeks out good deals first and foremost, but also has the discipline to only purchase coins that are "nice" or "eye appealing" he certainly can make your statement false. It certainly can be done, it would just take longer. However, we all know, that example would be the exception not the rule.</p><p><br /></p><p>My answer is TRUE![/QUOTE]</p><p><br /></p>
[QUOTE="Lehigh96, post: 766459, member: 15309"]Mike, The way your question is phrased leaves it wide open. [B]Typically[/B], the answer will be true, a nice collection is not assembled by looking for good deals. Most collectors that assemble any collection that has a superlative to describe it usually have paid handsomely for the coins in their collection. Sure there may have been a few lucky deals, but for the most part, they paid a price that would rarely be considered a deal. And therein lies the problem. What is a good deal? The typical collector would say a "good deal" is a coin purchased for less than greysheet bid. I call that a crock [COLOR="Red"]edited[/COLOR]. I define a good deal much differently. I consider paying 2X greysheet bid for a coin I feel is worth 4X greysheet bid a "good deal" Everybody else calls me a fool who will be sorry when the "toned coin fad" ends. Now here is the real problem with your question. If a collector seeks out good deals first and foremost, but also has the discipline to only purchase coins that are "nice" or "eye appealing" he certainly can make your statement false. It certainly can be done, it would just take longer. However, we all know, that example would be the exception not the rule. My answer is TRUE![/QUOTE]
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