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<p>[QUOTE="-jeffB, post: 2199110, member: 27832"]I have a sinking feeling that my worst buy/sell mistake is probably something I've already done, but haven't recognized yet. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie3" alt=":(" unselectable="on" unselectable="on" /></p><p><br /></p><p>I try to look at nearly everything as a learning experience, though, which helps. For example:</p><p><br /></p><p>Back near silver's more recent peak, there was an eBay seller who was listing lots of sterling Canadian modern proof stuff a bit under melt. I was buying it as quickly as it appeared. It wasn't until I'd grabbed several hundred dollars' worth that I <b>learned</b> how much of a discount sterling trades at. I haven't made that mistake since.</p><p><br /></p><p>I bought a one-ounce burnished AGE in NGC MS70 for a few dollars short of melt, again BIN on eBay. I saw that 70s were normally trading several hundred dollars above melt there. When I took it to a local show, I quickly learned that no dealer would offer a significant premium for it. However, I also <b>learned</b> that a large local dealer was a particularly bad place to deal -- he offered me $75 <i>back</i> of melt, when nearly everyone else was offering slightly above. (I also <b>learned</b> that hanging onto it for a better price wasn't the best approach; I got a good deal on it relative to melt, but that was when gold was at $1700. And, yes, I still have it.)[/QUOTE]</p><p><br /></p>
[QUOTE="-jeffB, post: 2199110, member: 27832"]I have a sinking feeling that my worst buy/sell mistake is probably something I've already done, but haven't recognized yet. :( I try to look at nearly everything as a learning experience, though, which helps. For example: Back near silver's more recent peak, there was an eBay seller who was listing lots of sterling Canadian modern proof stuff a bit under melt. I was buying it as quickly as it appeared. It wasn't until I'd grabbed several hundred dollars' worth that I [B]learned[/B] how much of a discount sterling trades at. I haven't made that mistake since. I bought a one-ounce burnished AGE in NGC MS70 for a few dollars short of melt, again BIN on eBay. I saw that 70s were normally trading several hundred dollars above melt there. When I took it to a local show, I quickly learned that no dealer would offer a significant premium for it. However, I also [B]learned[/B] that a large local dealer was a particularly bad place to deal -- he offered me $75 [I]back[/I] of melt, when nearly everyone else was offering slightly above. (I also [B]learned[/B] that hanging onto it for a better price wasn't the best approach; I got a good deal on it relative to melt, but that was when gold was at $1700. And, yes, I still have it.)[/QUOTE]
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