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Primary Criteria For Making The Purchase?

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glenzy1's Avatar
Canada
1554 Posts
 Posted 05/27/2013  07:45 am Show Profile   Bookmark this topic Add glenzy1 to your friends list Get a Link to this Message Number of Subscribers
Poll Question
Listed below is a selection of criteria used by most Collectors when a coin purchase is made. Pick the one that is the most important to you when making a coin purchase?

Glenn

Poll Choices
 cost
 eye appeal
 dealer
 grade
  TPG
 date
 hole filler
 problem free
 toning
 lustre
 scarcity
 trend value
 savings
 possible turnover
 series

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DEVLEC's Avatar
Canada
3234 Posts
 Posted 05/27/2013  08:24 am  Show Profile   Bookmark this reply Add DEVLEC to your friends list Get a Link to this Reply
Glenn...I don't think that many of us here would/could pay 'anything' to get an important coin for our collection.

Cost has to be the first, but then so many other choices come into play at the same time here.

Cost and scarcity ...and then add trends value to have an idea if you're really getting a fair or super deal on a piece. No one wants to pay .."too much"..

On this poll I would have pared a few choices together to .."fit my bill"..so to speak.. Lots of good and relevant choices though..
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Russian Federation
5177 Posts
 Posted 05/27/2013  10:38 am  Show Profile   Bookmark this reply Add january1may to your friends list Get a Link to this Reply
Generally, it works this way to me: savings (as in, how much money I have on hand) ~ cost >= eye appeal >= scarcity (in the rather scarce cases when I actually know it) >= date (and I mean date as in "hey, that's ridiculously old" - so it's not really applicable to Canadian coins, which only go back to 1858). The "hole filler" choice might also be fairly high (but I've bought nigh-identical coins before if they were cheap enough).
Lustre, to me, is a component of "eye appeal"; toning also the same, though might actually be a negative depending on the severity. "Series" is either another way to say "hole filler", or refers to a favorite type; if the latter, well, I do very often buy coins because they're beautiful, but I rarely get so interested as to buy several of the same type for that reason (one major exception is Netherlands 1 cent from circa 1920s - they're just too beautiful, and I don't come across them that often).
I don't really care about theoretical "grade" in a way that won't be included in "eye appeal"; I don't care at all about a coin being "problem free" (though if the problems are too obvious - and/or detract from eye appeal - then I might think some more before buying). In fact, one of the favorite coins in my collection is an 1907 IHC with such an obvious rim ding that it would probably never get anything but a details grade, and even ignoring that its theoretical "grade" is at most a XF-45; but its eye appeal is so good that I basically feel it's perfect even if it technically isn't.
I would probably prefer a TPG slab for the higher levels of preservation (say at least MS-62 and/or RB); but only so that I can be reasonably sure that the coin won't get any additional scratches and/or tarnish while it's in my collection. Not that it really matters that much, as so far I can't afford these yet Otherwise, it might just as well be a negative (I prefer to be able to touch my coins occasionally).
I usually don't know anything about trend value; even if I do, over here I usually have a huge problem finding coins for such low prices: as far as I can tell, a Morgan dollar normally sells for $50+, whatever online sites say!
I don't really do any turnover; there were basically two or three examples where I bought an item I didn't really need for the purpose of immediately exchanging it at that stall over there for something I actually wanted. In all of these cases, the amount I paid originally was so minor as to be hardly worth mentioning (IIRC all these amounts summed up to less than one Canadian cent).
As for the specific dealer... well, I'm really bad at distinguishing faces. So even if I wanted, for some reason, to buy from a specific dealer, I would've probably been unable to (though I do have specific places I like to buy coins at - I normally recognize them by the layout and/or the selection; and the reason I like them is usually that they have a nice variety of interesting and reasonably cheap coins).
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harrison2's Avatar
Mexico
1304 Posts
 Posted 05/27/2013  11:33 am  Show Profile   Bookmark this reply Add harrison2 to your friends list Get a Link to this Reply
For me it is the art of the deal...there aren't any coins that I just absolutely HAVE to have, but when I do find a good one, it isn't the money, the tone, etc. It has to be fun, even a little exciting.
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SPP-Ottawa's Avatar
Canada
10460 Posts
 Posted 05/27/2013  2:04 pm  Show Profile   Check SPP-Ottawa's eBay Listings Bookmark this reply Add SPP-Ottawa to your friends list Get a Link to this Reply
A little bit of everything....
"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert Oppenheimer

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austrokiwi's Avatar
2087 Posts
 Posted 05/27/2013  2:20 pm  Show Profile   Bookmark this reply Add austrokiwi to your friends list Get a Link to this Reply
For me if particular coins turn up for sale then, within the bounds of possibility, cost is of no concern. That list in the poll for me is not as applicable as it once was.
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Libertad's Avatar
Canada
3692 Posts
 Posted 05/27/2013  6:46 pm  Show Profile   Bookmark this reply Add Libertad to your friends list Get a Link to this Reply
Eye appeal in relation to its cost and grade, and scarcity if that's what I'm looking for. Dealer is important also; there are some for which I carry my 10 foot pole.
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Nathancrh1's Avatar
Canada
785 Posts
 Posted 05/27/2013  10:06 pm  Show Profile   Bookmark this reply Add Nathancrh1 to your friends list Get a Link to this Reply
with SPP-Ottawa, a little bit of everything. Although cost of course is a bit more important. But another thing that strikes me as important is eye appeal. Very good poll idea, I will be watching to see the results.
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GaryN's Avatar
Canada
293 Posts
 Posted 05/28/2013  3:14 pm  Show Profile   Bookmark this reply Add GaryN to your friends list Get a Link to this Reply
Eye appeal is 95% for me. If I don't personally really enjoy looking at it, it doesn't matter what anyone else likes. I don't want to look at what someone else finds appealing, I want to look at what I find appealing.

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