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Some Questions From A New Collector

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mail187man's Avatar
United States
265 Posts
 Posted 11/21/2017  12:41 pm  Show Profile   Bookmark this reply Add mail187man to your friends list Get a Link to this Reply
I haven't been collecting very long myself. My budget on coins is also very low compared to most people. What I try and do is check e-bay completed listings and get an average of what a certain coin I am looking for normally sells at (or what I see most dealers charge). I take that info with me to shows and shops to help me asses whether or not I may be priced high.

I can check something like e-bay on my phone when I'm out and about. If I see a coin at a dealer table that I like, I may walk away to think about it see what average value it sells for. It helps me feel comfortable about paying for a coin. I try not to look up prices on my phone in front of the dealer though, as I'd find it to be rude. I do have a list of coins I am looking for on my phone that I will show to dealers to see if they have any of them available.
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numismatic student's Avatar
United States
11891 Posts
 Posted 11/21/2017  1:17 pm  Show Profile   Bookmark this reply Add numismatic student to your friends list Get a Link to this Reply
I enjoy coin grading because it unleashes my inner Sherlock Holmes. You learn a whole bunch of stuff from books but then you have to apply it. Look for clues and come to a determination.

This thread contains several lifetimes of coin grading life experience and that is why I enjoy this community so much.

SuperDave is right that grading online coin offerings from pictures is an entirely different skill set from grading in person. But if you decide to buy with return privilege you get to verify in hand what you see in pictures.

Online shopping gives you access to millions of coins on offer. You can look at tens of thousands of coins a day if you choose to and I have.

The second aspect I really enjoy is the psychology of coin market participants including collectors, investors, flippers, dealers, auction operators, hustlers, coin doctors, researchers, criminals, con [wo]men, etc.

Parsing through all of these personalities and skating through the landmines is still enjoyable for me but I can see many of the battle weary tending to their wounds over the years.

It is an adventure that gives sometimes more and often times less than what you put in, especially if you have brick and mortar or other types of overhead.

The hobby is changing. It is not what it was when I started and many walk away disillusioned. I still love it and lets me hang out here which in my mind is the modern day virtual equivalent of hanging out at the coin shop - without the obligation to buy anything.

That reminds me that I have make a contribution to support this site.
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS
THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: "It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat."
My coin website:https://fairfaxcoins.com
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BadDog's Avatar
United States
1375 Posts
 Posted 11/21/2017  4:33 pm  Show Profile   Bookmark this reply Add BadDog to your friends list Get a Link to this Reply

Quote:
I'll look into getting something decent for any images I may post as I anticipate asking the forum's opinion on some of my acquisitions


And there's a forum on CCF that's devoted to coin photography that can help with this. Check it out and you'll see there are some amazing photographers that can provide you with all sorts of helpful advice.
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jbuck's Avatar
United States
188660 Posts
 Posted 11/21/2017  5:07 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
And there's a forum on CCF that's devoted to coin photography that can help with this.
http://goccf.com/f/81
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thecoinguy1964's Avatar
United States
1309 Posts
 Posted 11/21/2017  6:25 pm  Show Profile   Bookmark this reply Add thecoinguy1964 to your friends list Get a Link to this Reply
mail187man that's exactly what I used to do, and bid one time, and simply walk away. You win some, and you lose some, happy hunting!
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Joe2007's Avatar
United States
3843 Posts
 Posted 11/21/2017  6:54 pm  Show Profile   Bookmark this reply Add Joe2007 to your friends list Get a Link to this Reply
Great advice in this thread but I'd like to add that you need to be familiar with not only grading but also things that are detrimental to a coins condition/value like cleaning, over-dipping, whizzing, and other alterations/damage made to a coin after it leaves the mint. A harshly cleaned coin may technically be a high grade but it has a much lower appeal to collectors due to fact that it was cleaned sometime during its existence and thus its value will suffer significantly. Oftentimes these cleaned, damaged coins will look like a relative bargain to the novice collector but they are not.
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