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 Replies: 11 / Views: 2,809 |
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Valued Member
United States
301 Posts |
Hello all. I just finished readingtthisbook "Pleasure and Profit" and I have to say it is wonderful. I have been a collector for 20 years, and this book opened my eyes to a lot. The author takes you through his typeset and shows his cost and eventual auction prices for his whole collection. He does not sugar coat his mistakes, and really makes you appreciate the coins beyond just their monetary value. Any new collectors, or one who is looking to become more advanced in the hobby should read the book. I truely feel it has already paid for itself a hundred fold in just my recent purchases, and how it has altered my buying habits. Hope you read it!
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Pillar of the Community
Canada
4227 Posts |
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Bedrock of the Community
Australia
21788 Posts |
There are a number of books of this ilk around, that have been published over the years.
Most of them are good in their own way, and are promotional to the hobby of numismatics.
Probably the best way for a collector to make a profit out of numismatics is to NOT be be actually looking to make a profit.
Have the widest horizon you can (that means much more than just U.S. coins), covering all of numismatics and for expensive items, only buy from the most respected dealers who know their own speciality very well. You then keep your coins for at least a decade and if you can, for most of your life.
I have done this, and when I was forced to sell, did so with reluctance. At least the profit was there, at a significantly greater rate than the inflation rate. Perhaps there would have been better non numismatic investments over the same period, but you should not be investing any more than about 5% of your new investment potential into numismatics, anyway.
Dealers can make a profit, but that is usually done by buying at well below the market price, and selling at just a bit below the market price for quick turnover.
Edited by sel_69l
04/09/2015 03:33 am
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Valued Member
United States
449 Posts |
Just ordered it :-) Thanks for the recommendation. $10 on Amazon including shipping!! |
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Bedrock of the Community
Australia
21788 Posts |
That's a good price, even if it's retail.
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Pillar of the Community
United States
1745 Posts |
The Coin Show Quote:
On Episode 95 of The Coin Show We Interview Robert Shippee, author of the new book, "Pleasure and Profit: 100 Lessons for Building and Selling a Collection of Rare Coins, Matt brings us Part 2 on 3 Cent Pieces and the boys talk about the Coolest Thing to Walk Into Matt's Shop This Week as well as bring you a unique take on the news in the world of coins. listen to it here: http://www.coinshowradio.com/archives/956I haven't read the book, but they discuss it on the show. |
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Bedrock of the Community
United States
11951 Posts |
I hope it is okay to ask, what price level of coins is this book
aimed at?
I have come to realize that I will not buy many coins that cost in the
thousands. I think my comfort level is more, $200 or less.
Would this book be interesting to someone in that buying range?
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Valued Member
United States
71 Posts |
Looks like an interesting read, I also am wondering about the price level the book is geared towards.
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Pillar of the Community
United States
1839 Posts |
I recently bought this book. Most of the coins he uses as examples are coins that were purchased and sold for over $1000 but the lessons he relates mostly apply to less expensive coins as well.
Edited by Tbone
04/11/2015 02:21 am
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Pillar of the Community
United States
9796 Posts |
I've got the Shiplee book on order, looks great and I learned of it from the Coin Show radio too!
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440 |
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Valued Member
United States
71 Posts |
I was in a BAM yesterday and found a copy of this so I pulled the trigger. Just started it last night but so far it seems like a interesting read.
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Pillar of the Community
United States
9796 Posts |
Half way through the book now, so far I'm enjoying it, and recommend to anyone that is curious as to how a collection is built and then sold. I give it a thumbs up vote. Not the best book, but above average and a pleasing read.
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440 |
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Replies: 11 / Views: 2,809 |
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Posted 04/09/2015 03:26 am
