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Back To Basics - Criteria For Buying?

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Pillar of the Community
oih82w8's Avatar
United States
7840 Posts
 Posted 10/02/2012  12:49 pm  Show Profile   Bookmark this reply Add oih82w8 to your friends list Get a Link to this Reply
with the most of the aforementioned. ( ebay has been my main source, ebay bucks come out tomorrow! )

Do I need it? No, I can live without it.

Do I want it? YES!

Is it authentic? TPG all the way!

Is it problem free? Remains to be seen. I have been burned too many times at coin shows buying what I thought was a problem free coin, only to be cleaned, altered surfaces, etc... I only have myself to blame on that. This is the main reason I go with TOP III TPG'ers.

Can I afford it? In time...yes. Compare prices/availability before putting my money down.

Most of all it's about having fun!

Edited by oih82w8
10/02/2012 12:51 pm
Valued Member
platinrubel's Avatar
Austria
194 Posts
 Posted 10/02/2012  1:06 pm  Show Profile   Bookmark this reply Add platinrubel to your friends list Get a Link to this Reply
@just carl:

i think here in europe we have big problems with counterfeited coins.

alone the range of counterfeit german talers is huge.
saxon talers are very interesting for counterfeiters and also all other crowns and talers.
they were mostly produced in china.
then the roman and all other ancient coins.
they were mostly produced in the south-eastern part of europe (former yugoslavia, romania and bulgaria)
Bedrock of the Community
basebal21's Avatar
13014 Posts
 Posted 10/02/2012  3:58 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
they were mostly produced in china.


Sadly thats a common theme for everywhere now
Pillar of the Community
Broken-Coin's Avatar
United States
1812 Posts
 Posted 10/02/2012  6:25 pm  Show Profile   Bookmark this reply Add Broken-Coin to your friends list Get a Link to this Reply
I have to admit that others here are giving you their best advice to help you out in your pursuit for monetary gain...

I, on the other hand as a older CCF member, conclude after reading your thread, is that you want others to do your own homework...

I have collected on and off for over fifty years in a hobby that's more about enjoyment then it is about taking a loss when you sell...

After reading your first paragraph, I believe your not into Numismatics for the love of the hobby, but more or less trying to make the best investment for a future return, and if this is true you would most likely do better on a CPA Forum for future investments...

Many here do it for the love of the hobby, and the very serious ones expand their knowledge to Die Varieties that I'm sure they didn't consider when they first started collecting...

When you comment that "I DON'T PURCHASE ITEMS OUT OF PURE EMOTION" (you don't even mention coins), you really don't understand how the hobby works...

I'm sure others will critique my reply, but the coins & currency I have made out of PURE EMOTION, are some of the best purchases I have made, and since I don't plan on selling anything, I could care less what they sell for after I'm no longer around...

While I may have questions for other forum members to help me out, I would NEVER ask anyone what I should purchase, and when my interests change to another part of Numismatics, I'm old school and purchase the necessary books, etc..

I will end this by saying that if you want others to help you decide on what to purchase, your not going to have the enjoyment others here have...
Valued Member
edgman's Avatar
United States
402 Posts
 Posted 10/02/2012  7:10 pm  Show Profile   Bookmark this reply Add edgman to your friends list Get a Link to this Reply
The above thread says it all "Don't buy out of emotion". Know what you want and put them down on a list to be able to be seen when surfing, bidding, etc. I am a collector at that age 72, whose needs have turned from what I like or want =to= obtaining what would the most valuable to the person who will inherit my collection. Another item is validity of the coins. Anything over $50 gets bought slabbed only. To much counterfeit around.

My thoughts

edgman
Bedrock of the Community
United States
20753 Posts
 Posted 10/02/2012  9:57 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

Quote:
The above thread says it all "Don't buy out of emotion". Know what you want and put them down on a list to be able to be seen when surfing, bidding, etc. I am a collector at that age 72, whose needs have turned from what I like or want =to= obtaining what would the most valuable to the person who will inherit my collection. Another item is validity of the coins. Anything over $50 gets bought slabbed only. To much counterfeit around

And I'm a bit older than you and I've found with so little time possibly left, blow money on whatever you like, want, can afford. My family doesn't need my money so why shouldn't I just blow it on anything and everything that I like, want, can afford. As to who inherits this mess, I really don't care. Let them inherit what I liked, not what they want. If my coins are all fakes, that will be someone else's problems. Spending money to me is fun as with coin collecting. I buy what I like, want, need, enjoy, etc.
Time is to short.
Pillar of the Community
Broken-Coin's Avatar
United States
1812 Posts
 Posted 10/03/2012  01:12 am  Show Profile   Bookmark this reply Add Broken-Coin to your friends list Get a Link to this Reply
@ Just carl, I agree totally, and while my numismatic collection is for my granddaughters college education (when the time comes), all I can do is leave a value of what she should sell the coins for in today's dollars. her choice will be to either keep the collection or sell it for whatever she wants.
As for my comment on purchasing on pure emotion, after I absorbed the shock on what I had paid for certain one-of-a-kind errors, the same coins/currency in hand has given me years of enjoyment, not to mention that now it looks like a bargain price...
Valued Member
edgman's Avatar
United States
402 Posts
 Posted 10/03/2012  1:49 pm  Show Profile   Bookmark this reply Add edgman to your friends list Get a Link to this Reply
just carl

Im just the opposite of you. My family does need the money and since my SS check is the biggest part of my income I have to spend it wisely. I keep a list in front of me because I find myself buying duplicates if I dont. I intend to leave them the best I can which is what I like and I dont like fakes.

edgman
Valued Member
FinanceGuru's Avatar
United States
337 Posts
 Posted 10/03/2012  4:36 pm  Show Profile   Bookmark this reply Add FinanceGuru to your friends list Get a Link to this Reply
Good insights but ultimately, I'm trying to avoid counterfeit coin purchases, focus my collections (it's easy to sprawl a collection), and, if possible, even make a profit.

The profit portion though is not my focus though. It's more of a hope.

I want to collect a set of interesting coins. I like coins based on significant years, images, shape, country, design, and so forth.



Edited by FinanceGuru
10/03/2012 5:12 pm
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