I am making transactions that are very remindful of real estate exchanges.

Realone

Let me elaborate, since I have been collecting for going on 3 years I made a lot of mistakes during year 1, I mean a lot, and immediately lost half its value moments after taking ownership (just like when purchasing certain brands of automobiles but more so) but since the run up in prices I have decided to do what I did with my current house during the previous run up in real estate a couple of years ago. It appears that all my mistakes actually appreciated in essence doubled from the low position so now I am whole again and in fact even made some profit, so I exchanged a boat load of these mistakes as I call them into one or two major (at least for me, nothing compared to the big guys) purchases of the finest graded or close to it and at the same time also paying top dollar for the purchase, so basically a proprtional acorss the board exchange of appreciated assets into one or two of the same. So I am selling high to buy high, as opposed to the ideal rule of buying low and selling high, but now i have traded away all my crappers for a couple of very fine pieces and if the whole shebang caves in as some predict who cares, at least I have a couple of great coins that I want to keep, learned some valuable lessons, and used my dollars wisely ( I believe the latter to be true imo). What say the coin gang?

thecointrader

I've been doing much of the same. Exchanging the mediocre for the scarce and desirable.

In Numismatics, the person with the most knowledge usually comes out ahead, whether it be buying or selling, in bull markets or bear.

ColonialCoinUnion

<< <i>Let me elaborate, since I have been collecting for going on 3 years I made a lot of mistakes during year 1, I mean a lot, and immediately lost half its value moments after taking ownership (just like when purchasing certain brands of automobiles but more so) but since the run up in prices I have decided to do what I did with my current house during the previous run up in real estate a couple of years ago. It appears that all my mistakes actually appreciated in essence doubled from the low position so now I am whole again and in fact even made some profit, so I exchanged a boat load of these mistakes as I call them into one or two major (at least for me, nothing compared to the big guys) purchases of the finest graded or close to it and at the same time also paying top dollar for the purchase, so basically a proprtional acorss the board exchange of appreciated assets into one or two of the same. So I am selling high to buy high, as opposed to the ideal rule of buying low and selling high, but now i have traded away all my crappers for a couple of very fine pieces and if the whole shebang caves in as some predict who cares, at least I have a couple of great coins that I want to keep, learned some valuable lessons, and used my dollars wisely ( I believe the latter to be true imo). What say the coin gang? >>



I like the idea.

ricko

Sounds like you made some good moves... Cheers, RickO

Edscoin

Smart Investor. oops I meant to say Smart Collector.

Unknown

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AUandAG

Wow, worked out real well. I've never had the guts to sell off any of what I collect unless they are duplicates
at lesser grades and common dates. I don't buy from shows and such and only buy collections as money permits.
Therefore I get a lot of the common stuff and rarely get any of the rare stuff. I guess you'd say my collection is
a collection of common dates in all denominations. It pleases me. I do find some treasures once in a while but
not often. One of these days I'll get the urge to do what you have done, and I admire you for doing that, but
I haven't got the courage to do so yet. Time will tell.
bob

Unknown

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jmski52

Makes good sense to me!

roadrunner

What should concern most of those new to the hobby is the multi-year $$ learning curve. It's almost a given fairly significant losses will occur early on unless you get a lot of help and move slowly at first. Better yet, hook up with a true mentor who has paid his dues and knows the ins and outs and is willing to work with you. And that doesn't mean hooking up with a top retailer necessarily. In many cases the smaller wholesalers or middle-tier retailers might provide less risk and smaller commissions. Still, the 5% fee for a top dealer to work an auction or bourse floor for you is one of the best values around....but only if you pick the correct mentor.

But the sad part is that even though Realone came out with this revelation, the people now new to the hobby will say: "nope, that doesn't apply to me, I know better, and my local dealer is helping me learn."

roadrunner

copperfan

Thats a smart idea and I hope it pays off for you. I think it will.