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Replies: 33 / Views: 4,187 |
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Rest in Peace
 United States
18456 Posts |
Thanks for all your inputs on this subject. yea I guess it's true, most newbies save and buy as much coins as they can without realizing what they are doing. with me I got so crazily involved with this hobby as a kid that it actually over powered me into buying everything from Half Cents to half dollars before I even bought my first Red Book.
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Valued Member
469 Posts |
I'm only three months in! That being said, I've already made a couple mistakes overpaying for lower quality coins. However, that's about all I can afford now. Perhaps that's why most beginners, as I've learned from this thread, focus on quantity over quality. Getting a load of AG's for the price of one MS seems to be a good deal if you're just starting a collection like I am. Then again, like I said, I'm only three months in and still have a lot to learn. Any advice would be greatly appreciated.
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Rest in Peace
 United States
18456 Posts |
Pytellc , my advice depends on you as an individual. If you want to have fun in collecting coins then go ahead and get your load of AG's. but if you want to invest now for the long term buy certified MS-65 or better.(less fun). I realize that would depend on your budget. So to make a long story short;; just have fun with whichever way you want to go. P.S. taking the certified MS route doesn't guaranty a long term killing.
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Valued Member
United States
75 Posts |
I am still a new collector, but recognize the common demand on quality coins, and have shifted my interests in that direction. I do think that it is helpful to a new collector to buy quantity. It can be helpful to be taught the lessons of not overpaying and the value of research. By owning examples of many of the different designs and denominations, it also helped me to find out what I ultimately wanted to collect.
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Valued Member
469 Posts |
Thanks T-BOP, I actually am in the process of purchasing some nice high grade coins right now. So, if I'm inferring correctly, MS coins have lasting value? Or value that will even increase?
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Pillar of the Community
United States
626 Posts |
My biggest regret is not keeping record of the coins I have acquired. Wish I had kept track of all of my purchase prices and dates at the very least. Nice to know exactly where they came from as well. A close second regret is not taking pics of the coins as I received them. It takes forever trying to photograph an entire set, obverse and reverse.
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Pillar of the Community
United States
589 Posts |
After buying few hundred coins and countless number of books, I'm still making the same mistakes.
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Pillar of the Community
United States
1373 Posts |
I guess my major flaw was starting either too early, or too late. I got talked into the hobby about 5 years ago when silver was quite high. I spent double what they would cost me today. :(
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Pillar of the Community
Russian Federation
5178 Posts |
Quote: I guess my major flaw was starting either too early, or too late. I got talked into the hobby about 5 years ago when silver was quite high. I spent double what they would cost me today. :( I also did almost all of my big coin purchases right in the middle of the silver price spikes. That one lowball-grade 1923-S Peace dollar felt like a bargain when I bought it for $23 (as of that day, under spot). And many other purchases weren't quite bargains even under the prices of the day.
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Valued Member
United States
71 Posts |
I am still a newbie and think I may have to start over anyway. I have become interested in several things, really just too many options out there. But I think I have narrowed down to a few items and even within those it seems difficult. The Peace dollar set seems like a nice set, somewhat small, silver and available. But then I started with getting MS63's and of course in the non keys those are affordable but in the keys that is not the case and sometimes even the AU58's look better to me so should I refocus on a set of AU's.
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Pillar of the Community
United States
1201 Posts |
I am still a noob but feel like I'm getting better. My biggest mistakes are falling for those "estate lots" on ebay where you get "one silver coin, one coin older than 1950, one BU coin, etc". I also fell for the unsearched Wheat penny scams so needsless to say I have a ton of 1940's P and 1950's D wheat cents..
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Rest in Peace
 United States
18456 Posts |
Yea , most newbies fall into that e-bay trap. The only way to get out of it is to get burnt a couple of times. then you will learn fast of what to stay away from. some sellers will word their listings that prey on newbies to BIN or BID on their inferior coins. however e-bay recently made these sellers change some of their wording so it wouldn't look like they (SELLERS) are trying to pull the wool over buyers eyes. still proceed with CAUTION !
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Pillar of the Community
798 Posts |
You guys all look like a bunch of coin collectors, I'mwith the right people. 
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Pillar of the Community
United States
1201 Posts |
Yeah I feel like I'm getting a lot better. I've actually picked up some nice BU rolls on ebay now. The biggest "scams" I'm worried about now are cleaned coins. I know a lot of sellers show the coins at angles where you won't see all the scratches on the coin. For this reason I won't even take a risk on the Morgan dollars as it seems like they are high targets for counterfeits or being cleaned without noting that in the listing. ebay really is hit or miss.. great deals to be had and a great risk of getting something that isn't as described in the listing!
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Pillar of the Community
798 Posts |
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Replies: 33 / Views: 4,187 |
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