Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
What to buy?
>
Reply to Thread
Message:
<p>[QUOTE="ToughCOINS, post: 2753303, member: 20480"]I hope you are not offended, but:</p><p><br /></p><ol> <li>Coins should not be viewed as an investment.</li> <li>Putting most everything you are worth into any single vehicle is concentrating your risk, and is inherently irresponsible.</li> <li>As part of the learning process, it is just as important for the inexperienced to learn from making some <b>small</b> mistakes on raw coins as it is for the seasoned collector to avoid large mistakes on certified ones. </li> <li>The very notion that avoiding certified coins will get you a better deal with raw coins tells me you are not ready to make this kind of decision at all. Many seasoned collectors I know (think 30, 40, even 50 years of collecting) have lamented not buying a certified coin after learning that their raw coin substitute had a problem affecting its value.<br /> </li> <li>I have my doubts that you've handled enough coins in your 23 years that you should feel so confident in dispensing with certified coins so completely. I've been collecting for 48 years, and look only at the coin, not caring whether it is raw, or by whom it has been graded. There are far too many mistakes to be made buying certified coins, and even more to be made buying raw.<br /> </li> <li>Looking to a well-respected coin dealer for direction is a fine idea, but there should very clearly be no conflict of interest involved. However, to me that means not buying coins they have any sort of interest in. Instead, you might identify coins at major auctions you are interested in, and pay them to be your eyes.</li> </ol><p>I'm quite sure other members will have lots of other thoughts you would do well to seriously consider before taking such a leap.[/QUOTE]</p><p><br /></p>
[QUOTE="ToughCOINS, post: 2753303, member: 20480"]I hope you are not offended, but: [LIST=1] [*]Coins should not be viewed as an investment. [*]Putting most everything you are worth into any single vehicle is concentrating your risk, and is inherently irresponsible. [*]As part of the learning process, it is just as important for the inexperienced to learn from making some [B]small[/B] mistakes on raw coins as it is for the seasoned collector to avoid large mistakes on certified ones. [*]The very notion that avoiding certified coins will get you a better deal with raw coins tells me you are not ready to make this kind of decision at all. Many seasoned collectors I know (think 30, 40, even 50 years of collecting) have lamented not buying a certified coin after learning that their raw coin substitute had a problem affecting its value. [*]I have my doubts that you've handled enough coins in your 23 years that you should feel so confident in dispensing with certified coins so completely. I've been collecting for 48 years, and look only at the coin, not caring whether it is raw, or by whom it has been graded. There are far too many mistakes to be made buying certified coins, and even more to be made buying raw. [*]Looking to a well-respected coin dealer for direction is a fine idea, but there should very clearly be no conflict of interest involved. However, to me that means not buying coins they have any sort of interest in. Instead, you might identify coins at major auctions you are interested in, and pay them to be your eyes. [/LIST] I'm quite sure other members will have lots of other thoughts you would do well to seriously consider before taking such a leap.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
What to buy?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...