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<p>[QUOTE=&quot;dougsmit, post: 5137415, member: 19463&quot;]Sometimes the &#039;values&#039; books are OK for telling you relative values - that is if a type is expensive or cheap compared to other types but there are too many factors to translate easily into a price you should pay.&nbsp; Any coin you buy at auction costs you more than other bidders are willing to pay.&nbsp; Only you can decide how much is more than you are willing to spend.&nbsp; You can spend a lot seeking only the finest and most popular coins or you can seek cheap coins that other bidders ignore.&nbsp; Either way, you pay more than the coin was worth to the competition.&nbsp; That is the definition of auction.&nbsp; Over the years, my best &#039;bargain&#039; coins were bought from small dealers who specialize in &quot;grandpa&#039;s collection&quot; and lots that they got wholesale from auctions that could not sell them.&nbsp; Many of these coins are junk.&nbsp; Your job is to decide which ones are not in your opinion.&nbsp; After all, your opinion is the one that counts.&nbsp; If your interest in the hobby is making a profit, I suggest leaving now and finding other investments.&nbsp; Certainly many of our coins will sell for a profit someday, not necessarily someday soon.&nbsp; Pay what you are willing to pay and enjoy your purchases.&nbsp; I buy rather few coins anymore because so many people have a lot of cash right now and had to cancel their cruises and vacations.</p><p><br /></p><p>Soon, the regulars on this list will be posting their top ten favorite coins purchased in 2020.&nbsp; You might benefit from the ones that include a bit about why they liked that particular coin.&nbsp; If you take the trouble to search December and January postings for the last few years, you might find some of those postings (I wish we all used the same format titles to make them easier to search out).&nbsp; Some of these groups will strike you as great coins while others will leave you asking why someone would but that one.&nbsp; That is the fun of the hobby.</p><p><br /></p><p>Edit:&nbsp; I forgot Curtissimo posted a list of the favorites going back several years.&nbsp; I hope he does this again this year.&nbsp; I think I&#039;ll start a new thread for this.[/QUOTE]</p><p><br /></p>

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