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Posted 06/05/2019 2:58 pm
Quote:
I'm surprised no one has said the classic yet: Buy the book before (you buy or sell) the coin.
My experience was that it's only true when the prices are comparable. When the coin costs under $20 and the book costs over $100 - and especially when the coin costs under $10 and the book costs over $200, which happens surprisingly often for the less popular ancients and medievals - it might not be that good of an idea.I'm surprised no one has said the classic yet: Buy the book before (you buy or sell) the coin.
(Of course, in some cases - the first three volumes of Kleshchinov-Grishin come to mind - it's possible to short-circuit this problem by getting the book online.)
OTOH, if you're planning to deal with $100+ coins, definitely get the book first (if you can afford it).
On that subject: coins make for a pretty bad investment unless they're high MS grade key dates. And even then it isn't that good.
In other words: unless you have at least several hundred thousand dollars (and a really good investment manager), don't even try to invest into coins.
(Collecting coins is, however, an option at any budget. I know some people who manage just fine at a budget of around five dollars per month.)
