@privatecoin said:
A close friend of mine who was a dealer told me a good bit of advice. If you are really going to build a great collection, you must buy and sell. Otherwise, you will never have the money you need when the opportunity arrives for that perfect purchase. With that I now have some coins I never thought I'd have.
@Sanddollar said:
Sarcasm doesn't really suit you.
You are generally much smarter than that.
“Sarcasm is the intellectually poor man's cheap imitation of wit.”
I have not quoted you in case you choose to now edit your response.
We're still waiting for a single reason. Exposition doesn't suit you.
Interesting.
Apparently it suits you just fine.
Yes, thank you. If you need a tutor, I'm available.
Let me reverse the roles just a bit. I always advise collectors to learn how to be dealers.
Why should one sell? ie; Why bother learning how to sell if you're in buy mode?
To me, selling is still an integral part of collecting unless money is no object and one plans to live forever. Selling is the other side of the same coin when it comes to buying.
Why sell?
[1] To learn how to buy (better).
[2] To capture profits and roll them into another asset. Any profits roll into more coins, and lather rinse repeat. Voila, the collection grows (hopefully).
[3] Learn what it easier to move, what the market likes, and gauge how you're doing. It forces practice. What's liquid, what's not. Any interesting patterns emerge?
[4] To hold and experience more coins in one's own hands and with one's own eyes. It increases the speed of learning, and training on the eyes. Adds to the experience of more history in hand.
[5] Selling forces one to better understand the underlying forces behind pricing, supply, and demand.
[6] Selling helps speed up learning more about raw coins, grading, counterfeits, etc.
[7] Tastes change and evolve. My goals change and evolve. You get to know your own likes and dislikes more quickly.
[8] When the time comes to do it more (or less), a collector will have built up the knowledge, skills, connections, and base to work from. At that stage they're better prepared.
Buying, in some ways is actually the easy part.
I'd encourage collectors to sell and deal, if nothing else to become better collectors.
Owner, Lone Mountain Coin
Rare Ingot Collector - Always on the hunt for more!
@privatecoin said:
A close friend of mine who was a dealer told me a good bit of advice. If you are really going to build a great collection, you must buy and sell. Otherwise, you will never have the money you need when the opportunity arrives for that perfect purchase. With that I now have some coins I never thought I'd have.
Need pics
Rest in peace Jay.
Jay and Mal have both been a tremendous influence, wealth of knowledge, and help to me for years. I will always be grateful.
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
Comments
Need pics
I must move on to another thread, thanks to all of the 'relevant' responses here
boston
Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb
Bad transactions with : nobody to date
Yes, thank you. If you need a tutor, I'm available.
Let me reverse the roles just a bit. I always advise collectors to learn how to be dealers.
Why should one sell? ie; Why bother learning how to sell if you're in buy mode?
To me, selling is still an integral part of collecting unless money is no object and one plans to live forever. Selling is the other side of the same coin when it comes to buying.
Why sell?
[1] To learn how to buy (better).
[2] To capture profits and roll them into another asset. Any profits roll into more coins, and lather rinse repeat. Voila, the collection grows (hopefully).
[3] Learn what it easier to move, what the market likes, and gauge how you're doing. It forces practice. What's liquid, what's not. Any interesting patterns emerge?
[4] To hold and experience more coins in one's own hands and with one's own eyes. It increases the speed of learning, and training on the eyes. Adds to the experience of more history in hand.
[5] Selling forces one to better understand the underlying forces behind pricing, supply, and demand.
[6] Selling helps speed up learning more about raw coins, grading, counterfeits, etc.
[7] Tastes change and evolve. My goals change and evolve. You get to know your own likes and dislikes more quickly.
[8] When the time comes to do it more (or less), a collector will have built up the knowledge, skills, connections, and base to work from. At that stage they're better prepared.
Buying, in some ways is actually the easy part.
I'd encourage collectors to sell and deal, if nothing else to become better collectors.
Owner, Lone Mountain Coin
Rare Ingot Collector - Always on the hunt for more!
Website
Instagram
Facebook
Founder of Pre33Goldbugs - 5500 member group
Rest in peace Jay.
Jay and Mal have both been a tremendous influence, wealth of knowledge, and help to me for years. I will always be grateful.
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc