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What is a Coin or any sort of collectible worth.
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<p>[QUOTE="oz_in_ohio, post: 2833343, member: 89534"]Hi all, i am originally from Australia and have migrated to Cleveland Ohio.</p><p>Just as my cointalk username says...oz_in_ohio</p><p><br /></p><p>Many years ago when i was in cub scouts, i started collecting stamps and </p><p>coins when i was 8 years of age...I am now 60... I did it with my late dad.</p><p> I kept the collection intact simply as a reminder of how the both of us spent time together years ago but now i want to sell them off.... </p><p><br /></p><p>I learnt when i was young that no matter what an item is:</p><p> EG House , Car , Furniture, Coin, War Medal, Banknote, Painting,</p><p> Gun, Flag etc etc etc has on it in any store , shopfront , online site</p><p>like this , trade show and so on that it is only worth what a person or</p><p> persons are willing to pay for it. </p><p><br /></p><p> When in cub scouts i once asked a dealer at a small stamp and coin show </p><p>what is the best item on his table? He simply replied "the last item he had sold".</p><p> My dad understood but i did not.... </p><p>Like he was speaking with me, he was also serving other customers.... </p><p>As soon as he took the few dollars for an item, he then said that is the </p><p>best item and so on. He then explained no matter how many thousands of </p><p>dollars he has in stock, if he has just sold something for $2.00 then that $2.00 </p><p>item is the best item he has as it is now gone and he has the money.</p><p><br /></p><p>That is then i realized as he was selling the low end of the hobby, the people </p><p>with all the upmarket items were sitting around twiddling their thumbs..</p><p><br /></p><p>I was very intrigued by that and used that theory all of my life.... I have been </p><p>collecting stamps, coins, medallions etc for 52 years and now i want to wind it </p><p>down as my kids have no intrest..</p><p><br /></p><p>feel free to ask questions[/QUOTE]</p><p><br /></p>
[QUOTE="oz_in_ohio, post: 2833343, member: 89534"]Hi all, i am originally from Australia and have migrated to Cleveland Ohio. Just as my cointalk username says...oz_in_ohio Many years ago when i was in cub scouts, i started collecting stamps and coins when i was 8 years of age...I am now 60... I did it with my late dad. I kept the collection intact simply as a reminder of how the both of us spent time together years ago but now i want to sell them off.... I learnt when i was young that no matter what an item is: EG House , Car , Furniture, Coin, War Medal, Banknote, Painting, Gun, Flag etc etc etc has on it in any store , shopfront , online site like this , trade show and so on that it is only worth what a person or persons are willing to pay for it. When in cub scouts i once asked a dealer at a small stamp and coin show what is the best item on his table? He simply replied "the last item he had sold". My dad understood but i did not.... Like he was speaking with me, he was also serving other customers.... As soon as he took the few dollars for an item, he then said that is the best item and so on. He then explained no matter how many thousands of dollars he has in stock, if he has just sold something for $2.00 then that $2.00 item is the best item he has as it is now gone and he has the money. That is then i realized as he was selling the low end of the hobby, the people with all the upmarket items were sitting around twiddling their thumbs.. I was very intrigued by that and used that theory all of my life.... I have been collecting stamps, coins, medallions etc for 52 years and now i want to wind it down as my kids have no intrest.. feel free to ask questions[/QUOTE]
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