What Are Collectors Buying Now?

Thanks T-BOP you're probably right I didn't think about sudden mishaps. I'll start an inventory, just takes so much time, anyone know of an easier way?

It is always a good thing to have records of what you have, where it's kept, etc. When my Dad passed away, no one was there except neighbors that sort of raided the place. I never did know what they took. Sure wish he had some kind of records of what he had.

T-BOP nailed it.
There is no easy way to log everything especially going back in time, you just have to do the work.
For years I used a code system on the back of my 2x2's. Pick a word that has 10 different letters or make up a word that you will remember and no one else can figure out. Use the first letter for 1 and the last letter for 0 instead of 10. You can come up with a code that includes price and date you bought the coin using those letters. Be creative as many dealers out there mark their holders this way. It allows them to sit a show and look at the back of the holder without sifting through sheets of paper to see what they can sell an item for.

A few months back I attended the annual fall PAN show in Pittsburgh, PA as I do every year. Something I witnessed first hand were the sales of colorized coins and medals. One in particular was a Jurrasic Park issue, commemorating the film I am guessing. To my amazement while standing at the corner of the dealers barouse two were sold within minutes of each other. While these comic book themed "coins" aren't exactly my thing they are still beautiful in their own right. Any how, not long after the young man in his early twenties had walked away with his "prize", I overheard a rather rude comment from two older men not far away. What they had not stopped to realize was how these types of coins and medals attracting both young and new collectors may lead to collecting of other coins. Like Morgan dollars, Liberty Halves or Standing Liberty quarters. Had the young man overheard them then who's to say that they hadn't crushed his dream? Haven't we heard time and again of how the hobby is dying?

Adding to TBOP's reply on checking your inventory sooner rather than later. What I have done was to explain how buying and selling works with my benefactor. If they decide to sell, keep in mind that the buyer is most likely looking to resell for a profit. What I do is I look up the average price of what said coin/coins are selling for on average. Say, $100. The dealer is likely to lowball you at fifty on the initial offer in the hopes you are uneducated. If you are not and you counter, expect around $75. Remember, they need to catalog and store it before reselling. As for when I buy, I strive to be 15-20 percent below the going average price. It takes patience and time but pays off down the road.