I am pretty particular and anal about the Eye Appeal of Morgans and other coins I buy. I have found that if you are strict on eye appeal and pick the mid to upper range of a grade, and avoid the problem coins or coins that just barely made the grade...you will be okay in the end if/when you go to sell/trade. I cannot complain really, I am a collector and I have bought Morgans with such great eye appeal that a year later if I traded it for another or upgraded it I got 50% or more what I paid for it. Part because Morgans took a nice rise in price, but also part because I buy really PQ Morgans with eye appeal. I have adopted this practice with other series as well and it always works. Try and buy the best within your budget. Eye Appeal is always the key.
To lose credibility, you would have to have had it in the first place. Frankly, if you can publish a weekly price guide, and make a few or NO changes, you probably need to get off your fanny and do some research.
I think all price guides are "flimsy", they are only guides, the only thing they can reflect are trends because every coin is different------------------------------------BigE
<< <i>I think all price guides are "flimsy", they are only guides, the only thing they can reflect are trends because every coin is different------------------------------------BigE >>
BigE then please tell me why so many dealers go by the Gray Sheet or for that matter any sheet. Are they, the Dealers that do this, "Flimsy" also. It seems that a dealer that really cares about his/her business would do their best to find a correct price when nice stuff walks in their door. In most cases, my experience only, they will just pull out the Gray Sheet or the darn Blue Sheet and start quoting idiotic prices for nice coins. This is especially true in the NorthWest which is a haven for Nice Quality Coins.
Too bad Ebay doesn't have a searchable archive like Heritage. That would be good data to analyze. Heritage I use extensively and I'm hoping ANR, Goldbergs, Bowers etc put in searchable archives also. Those along with pictures really helps price the coins...
Yes Ken, I think some dealers are "flimsy" too, especially in the Northwest. Sometimes this is good, sometimes not I'm sure you know what I mean----------------------BigE
Karl: I have found that having a Greysheet visible while I am looking at coins helps to add some negotiating leverage (and additional background knowledge of what pricing structure the dealer may be considering) when purchasing a coin in person at a show.
I consider myself primarily a collector, who will also sell duplicates from my colelction as I replace coins with upgrades. Therfore I consider myself a collector who will on occasion also sell a few coins to fund additional coin purchases. I do not intend to sell coins as my livlyhood to either pay the bills or feed the family.
Stuart
Collect 18th & 19th Century US Type Coins, Silver Dollars, $20 Gold Double Eagles and World Crowns & Talers with High Eye Appeal
"Luck is what happens when Preparation meets Opportunity"
again, i do NOT disparage the thrill of negotiating. i almost never just flip over the asking price.
but the blunt truth is the context & attitued that i perceive of coynclecter's posts is that he's really not someone who enjoys coins. he's someone who enjoys trying to make $$$ in coins.
again, THAT'S JUST FINE. but what is NOT just fine is fooling yourself into thinking your a coin collector, when in fact your a speculator. your just missing out on so much enjoyment in the hobby when you fail to realize that the VALUE of coins lies in so much more then just the "bid" price printed on a greysheet.
Comments
I have found that if you are strict on eye appeal and pick the mid to upper range of a grade, and avoid the problem coins or coins that just barely made the grade...you will be okay in the end if/when you go to sell/trade.
I cannot complain really, I am a collector and I have bought Morgans with such great eye appeal that a year later if I traded it for another or upgraded it I got 50% or more what I paid for it. Part because Morgans took a nice rise in price, but also part because I buy really PQ Morgans with eye appeal.
I have adopted this practice with other series as well and it always works. Try and buy the best within your budget.
Eye Appeal is always the key.
Frankly, if you can publish a weekly price guide, and make a few or NO changes, you probably need to get off your fanny and do some research.
roadrunner
<< <i>I think all price guides are "flimsy", they are only guides, the only thing they can reflect are trends because every coin is different------------------------------------BigE >>
BigE then please tell me why so many dealers go by the Gray Sheet or for that matter any sheet. Are they, the Dealers that do this, "Flimsy" also. It seems that a dealer that really cares about his/her business would do their best to find a correct price when nice stuff walks in their door. In most cases, my experience only, they will just pull out the Gray Sheet or the darn Blue Sheet and start quoting idiotic prices for nice coins. This is especially true in the NorthWest which is a haven for Nice Quality Coins.
Ken
jom
I consider myself primarily a collector, who will also sell duplicates from my colelction as I replace coins with upgrades. Therfore I consider myself a collector who will on occasion also sell a few coins to fund additional coin purchases. I do not intend to sell coins as my livlyhood to either pay the bills or feed the family.
Stuart
Collect 18th & 19th Century US Type Coins, Silver Dollars, $20 Gold Double Eagles and World Crowns & Talers with High Eye Appeal
"Luck is what happens when Preparation meets Opportunity"
but the blunt truth is the context & attitued that i perceive of coynclecter's posts is that he's really not someone who enjoys coins. he's someone who enjoys trying to make $$$ in coins.
again, THAT'S JUST FINE. but what is NOT just fine is fooling yourself into thinking your a coin collector, when in fact your a speculator. your just missing out on so much enjoyment in the hobby when you fail to realize that the VALUE of coins lies in so much more then just the "bid" price printed on a greysheet.
K S