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<p>[QUOTE="oz_in_ohio, post: 2843166, member: 89534"]Just remember when he/she goes to resell that SLABBED ITEM, he has to recover $40 ( the cost of slabbing ) plus what he/ she paid for the item just to break even.</p><p>People of his catagory do not use numismatics as a hobby as i have seen it all before...They use it for a way to earn money on top of their yearly salary. Simply investors and not collectors.. I do not believe in high graded items as they are useless...the best to go for is middle of the range graded items and low mintages as i have done it myself in 1979 when i bought my first car. The 1925 australian penny at that time i used to pay between 15.00 and 22.00 per coin...There is only 117,000 minted worldwide and when you think the population of australia was in the millions, GO DO THE MATHS!!!! I had to have bulk of them to do so ( and i dont just mean a dozen ). I had hundreds as i was not afraid to pay the price at shows. The highest grade i bought was g/VF....Anyone can grade a coin or banknote...All they have to learn is the main points which are printed in any reference book...We do not have to keep grading companies rich but it is unfortunate that the average person thinks these companies walk on water so to speak and what ever they say is gospel....Personally i dont and as i am 60 and started this at 8 years old , those people working in those companies were possibly not even born when i began...However you all pay your $40 or so and i will do it all my way and lets see who has the most expenses or outlay.</p><p>Once again i am uploading the grading details mentioned in the reference books.</p><p>Who needs the grading companies if they understand all this.</p><p><br /></p><p>On top of that, eddiespin mentioned commodity trading...Why get the items slabbed if the metal is a commodity and is really only good to be melted down to bullion if the younger generation has no intrest??</p><p><br /></p><p>[ATTACH=full]673182[/ATTACH] </p><p>[ATTACH=full]673183[/ATTACH][/QUOTE]</p><p><br /></p>
[QUOTE="oz_in_ohio, post: 2843166, member: 89534"]Just remember when he/she goes to resell that SLABBED ITEM, he has to recover $40 ( the cost of slabbing ) plus what he/ she paid for the item just to break even. People of his catagory do not use numismatics as a hobby as i have seen it all before...They use it for a way to earn money on top of their yearly salary. Simply investors and not collectors.. I do not believe in high graded items as they are useless...the best to go for is middle of the range graded items and low mintages as i have done it myself in 1979 when i bought my first car. The 1925 australian penny at that time i used to pay between 15.00 and 22.00 per coin...There is only 117,000 minted worldwide and when you think the population of australia was in the millions, GO DO THE MATHS!!!! I had to have bulk of them to do so ( and i dont just mean a dozen ). I had hundreds as i was not afraid to pay the price at shows. The highest grade i bought was g/VF....Anyone can grade a coin or banknote...All they have to learn is the main points which are printed in any reference book...We do not have to keep grading companies rich but it is unfortunate that the average person thinks these companies walk on water so to speak and what ever they say is gospel....Personally i dont and as i am 60 and started this at 8 years old , those people working in those companies were possibly not even born when i began...However you all pay your $40 or so and i will do it all my way and lets see who has the most expenses or outlay. Once again i am uploading the grading details mentioned in the reference books. Who needs the grading companies if they understand all this. On top of that, eddiespin mentioned commodity trading...Why get the items slabbed if the metal is a commodity and is really only good to be melted down to bullion if the younger generation has no intrest?? [ATTACH=full]673182[/ATTACH] [ATTACH=full]673183[/ATTACH][/QUOTE]
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