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<p>[QUOTE="medoraman, post: 1285281, member: 26302"]Heck of an answer. You have to remember a "coin dealer" is not a universal description. You have many who simply, like Lindedad states, make their money buying cheap from uninformed owners of coins. Other dealers are specialists, who cultivate clients looking for certain coins. Those are better dealers to sell to, since they make money by building their client relationships and can pay better since they know they can move the coin.</p><p><br /></p><p>I liken it to a car dealer. If you own a 1966 mustang, any car dealer will make you an offer. However, a classic mustang specialist is in the best position to make you a better offer, since he will already know 10 people who would be interested in owning the car.</p><p><br /></p><p>As to the OP question as to what to own, the best way to answer that is to own what makes you happy. Baseline returns in collecting is happiness. My second thought is you want to own what dealers do not have. You have seen typical dealer inventory, tired old common coins. Its the pretty AU capped bust dimes, or a nice VF rarer style Diocletian, or any nice condition, problem free, coins that when you see them you say "Wow, I have never seen that before". THAT is what you want to own. The reason most dealers do not have them for sale is 1) the owners of these coins do not wish to sell them, and 2) if they ever do get one to sell its gone quickly. These are the coins that hold value best.</p><p><br /></p><p>Hope that helps a little.</p><p><br /></p><p>Chris</p><p><br /></p><p>Edit: Btw I mean this post as no disrespect to dealers. I understand them buying a bunch of stuff they have no idea when they can ever sell leads them to have to pay less for those items. The 2000 partial date buffalos from LD was a perfect illustration. My post was only to differentiate different types of dealers, and why some can pay more for vertain coins than others.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1285281, member: 26302"]Heck of an answer. You have to remember a "coin dealer" is not a universal description. You have many who simply, like Lindedad states, make their money buying cheap from uninformed owners of coins. Other dealers are specialists, who cultivate clients looking for certain coins. Those are better dealers to sell to, since they make money by building their client relationships and can pay better since they know they can move the coin. I liken it to a car dealer. If you own a 1966 mustang, any car dealer will make you an offer. However, a classic mustang specialist is in the best position to make you a better offer, since he will already know 10 people who would be interested in owning the car. As to the OP question as to what to own, the best way to answer that is to own what makes you happy. Baseline returns in collecting is happiness. My second thought is you want to own what dealers do not have. You have seen typical dealer inventory, tired old common coins. Its the pretty AU capped bust dimes, or a nice VF rarer style Diocletian, or any nice condition, problem free, coins that when you see them you say "Wow, I have never seen that before". THAT is what you want to own. The reason most dealers do not have them for sale is 1) the owners of these coins do not wish to sell them, and 2) if they ever do get one to sell its gone quickly. These are the coins that hold value best. Hope that helps a little. Chris Edit: Btw I mean this post as no disrespect to dealers. I understand them buying a bunch of stuff they have no idea when they can ever sell leads them to have to pay less for those items. The 2000 partial date buffalos from LD was a perfect illustration. My post was only to differentiate different types of dealers, and why some can pay more for vertain coins than others.[/QUOTE]
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