Quote:
People say buy the book first before the coin ...
Bluegrassriver - IMHO, this advise wasn't intended to be taken literally. It's aimed at those who buy coins without doing any study, those who make impulsive, uninformed purchases.
While serious collectors certainly see coins as being more than simple commodities, coins are commodities, nonetheless. Whether buying a car, a microwave or a coin, it certainly pays in the long run for consumers to do some homework; this, by buying/borrowing a book or two.
Of course, when an uninformed collector later bemoans making a poor purchase, he/she can always rationalize and blame the seller. That's one "upside" if you will that I can see after making an uninformed purchase. Another "upside" is that later realizing an ill-informed purchase may lead to the purchase of a coin book! Sadly, I've witnessed too many would-be coin collectors who were easily discouraged by making uninformed purchases; only to afterwards drift away from this great hobby.
P.S. - Please, don't take my use of the word "upside" literally. I wrote that tongue-in-cheek!
Edited by ExoGuy
02/01/2014 12:11 pm
First Page
Posted 01/23/2014 10:07 pm
