Quote:
Buying junk will not bring future rewards. 47 year dealer advice.
All advice should be heard, and that is why we have this
site.
My turn
To me it is all about numbers, nearly everything is.
There are more lower end coins than higher end coins
There are more lower end collectors than higher end.
For every coin there is a good price point.
What one collector thinks is junk, another has no problem
filling a hole with.
If having high priced better grade coins, that many of us
can not afford, is a sole reason not to collect a series.
Than the majority of collectors would never collect any
classic series.
A important point, it is not always about future rewards.
There are many that collect for the fun and enjoyment of
the hobby.
But yes... the majority of us hope our coins will increase
in value.
The example of spending 2K on a no date 1916 quarter.
I hope the person had the type funds to throw away.
And maybe he was just happy to have a complete set.
But with the right shopping around that coin can be bought
for a lot less.
My point here, if that low grade coin is bought at a lower
price, than someday it can be sold with out such a loss.
For me, I have spent 40 years learning how to buy coins.
And the last 4 years working at a coin shop learning how to sell coins.
The coins I posted (
Barber quarters) were all bought at
a little over melt. And I will fill many of the other
coins the same way.
Most likely I will never sell the set, I will pass it down
to my kids and grandkids.
My collection may not be made up of all high grade coins.
But there are a few that think I am doing pretty good so
far.
At least for a lower middle class collector.

Edit - By my collection, I don't mean just this album.
About 70 albums around 20,000 coins