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Why are cleaned/scratched/graffiti coins a bad investment?
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<p>[QUOTE="GDJMSP, post: 1815309, member: 112"]Ya think, what are you going to do about the price spread ?</p><p><br /></p><p>As a general rule, any coin you buy at retail, - problem free or problem - you are somewhere between 20% and 40% down if you go to sell it. That's the price spread. And that's assuming that market does not go down. If it does go down, and it quite often does, then that spread even gets bigger.</p><p><br /></p><p>But even if you ignore the price spread you have the issue of a reduced size market to deal with. What's a reduced sized market ? Let's say at any given time that there are 10 people who will want to buy a given coin. But only 3 of those 10 people, and the number may be smaller than 3 but I think it's fairly realistic, would be willing to buy a problem example. And you have to hope that 1 out of those 3 would be willing to pay what you did.</p><p><br /></p><p>But of you bought a problem free example of the same coin, then you would have 7 out of those 10 would be willing to buy your coin.</p><p><br /></p><p>Which scenario would you rather deal with ?[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 1815309, member: 112"]Ya think, what are you going to do about the price spread ? As a general rule, any coin you buy at retail, - problem free or problem - you are somewhere between 20% and 40% down if you go to sell it. That's the price spread. And that's assuming that market does not go down. If it does go down, and it quite often does, then that spread even gets bigger. But even if you ignore the price spread you have the issue of a reduced size market to deal with. What's a reduced sized market ? Let's say at any given time that there are 10 people who will want to buy a given coin. But only 3 of those 10 people, and the number may be smaller than 3 but I think it's fairly realistic, would be willing to buy a problem example. And you have to hope that 1 out of those 3 would be willing to pay what you did. But of you bought a problem free example of the same coin, then you would have 7 out of those 10 would be willing to buy your coin. Which scenario would you rather deal with ?[/QUOTE]
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