Unless you order one of their promotions (Pres. dollars at face, Silver Eagle at market rate, etc.) you are guaranteed to get overpriced coins from Littleton, but you will never get overgraded coins.
@logger7 said:
I feel badly for their buying customers; they are probably paying large premiums for their cherrypicked coins; with their overhead what else is possible? Then when the customer goes to sell they will lose real money in a hobby where buy/sells for knowledgeable customers is usually more like 20-30%.
Yes, the chance of making money is probably quite slim. I've always felt that there is something to be said for a business model where, if you order a 1907 Indian cent in very fine, you can be absolutely sure you're getting a 1907 VF Indian. Sure, you paid up for it, but you got what you wanted.
There is still such a thing as collecting for fun too. Not all collectors become sellers.
I've got other hobbies, amateur radio operating, collecting cars, among others. I know that if I ever decide to sell out, I'm going to get financially clobbered. I can live with that as I really enjoy those other hobbies.
Most collectors are not trying to "make money" but simply enjoy the hobby with reasonable buy sell spreads. That's why you buy certified, and if you want to be 100% sure the coin is "all there" you buy cac sticker coins. You would do a lot betteer moneywise that way than paying for Littleton's high priced coins that are usually uncertified. http://blog.littletoncoin.com/littleton-select-quality-coins/
Comments
Unless you order one of their promotions (Pres. dollars at face, Silver Eagle at market rate, etc.) you are guaranteed to get overpriced coins from Littleton, but you will never get overgraded coins.
Most collectors are not trying to "make money" but simply enjoy the hobby with reasonable buy sell spreads. That's why you buy certified, and if you want to be 100% sure the coin is "all there" you buy cac sticker coins. You would do a lot betteer moneywise that way than paying for Littleton's high priced coins that are usually uncertified. http://blog.littletoncoin.com/littleton-select-quality-coins/
Does anyone know what their buy/sells are?