In all your years collecting, buying and selling, if you had to pick one
TexasNationals
Posts: 3,837 ✭
piece of knowledge that was taught to you (in person, via of TV, via of book, etc) you consider the most important. To me it is: No matter what or who your friends are, this is still a business and with business there is no room for friendship. Once you end your professional relationship you can be best buds, but until then........... watch your back jack as your best friend Jack will bury it in you for a 1% margin.
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always stay humble
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Eric
2. Ownership truely does add a grading point.
nice for the grade coins that are in demand and priced right sell themselves. This is why now I can go to a medium sized show like I did yesterday, examine literally hundreds of coins, many closely, and only buy three.
To add, after rereading the initial thread and thinking about it, there was something about 'my' philosophy in one of QD Bower's books....
but I guess it took real experience to make sink in!
Successful BST transactions with: Tdec1000, lordmarcovan, WTCG, PRoemisch, Hayden, bolivarshagnasty, nibanny, morgan3896, WaterSport
<< <i>piece of knowledge that was taught to you (in person, via of TV, via of book, etc) you consider the most important. To me it is: No matter what or who your friends are, this is still a business and with business there is no room for friendship. Once you end your professional relationship you can be best buds, but until then........... watch your back jack as your best friend Jack will bury it in you for a 1% margin. >>
Sorry, I think that this way over top cynical. I’ve had some dealers who were friends who watched my back, and I watched theirs. As in all professions there are snakes and crooks, but to make a blanket statement like this is just a fair representation of the hobby.
As for words to live by, I’d say that knowledge is the most important aspect of becoming a successful collector.
Another thing that I have learned, that despite seeming to be knowledgeable to others, say at my local coin club or on this forum, my grading skills are average, even in my specialties. This means that the quality game is out, because I can't accurately determine fine levels of quality for myself. Want to collect the top 10% of coins for the grade? Best be in the top 10% of graders (including all dealers). I don't have the chops to compete in that league, and acknowledging that has been helpful to me.
<< <i>piece of knowledge that was taught to you (in person, via of TV, via of book, etc) you consider the most important. To me it is: No matter what or who your friends are, this is still a business and with business there is no room for friendship. Once you end your professional relationship you can be best buds, but until then........... watch your back jack as your best friend Jack will bury it in you for a 1% margin. >>
That's overly cynical, IMO.
At any rate, the best advice I ever got early on was buy the best condition coins I could afford and always get the key coins first.
PATIENCE!!!
<< <i>piece of knowledge that was taught to you (in person, via of TV, via of book, etc) you consider the most important. To me it is: No matter what or who your friends are, this is still a business and with business there is no room for friendship. Once you end your professional relationship you can be best buds, but until then........... watch your back jack as your best friend Jack will bury it in you for a 1% margin. >>
I'm saddened to read you believe that to be universally true. If I had the same viewpoint I guarantee that you would never see me in this hobby-industry again.
In honor of the memory of Cpl. Michael E. Thompson
<< <i>piece of knowledge that was taught to you (in person, via of TV, via of book, etc) you consider the most important. >>
Always look for what you least expect when looking at coins. Otherwise, you'll miss the obvious.
The name is LEE!
Exit bunker, enter Matrix. LOL
In psych, the term is "projecting". In baseball, it's called "telegraphing". Your view of professionalism is incorrect, and jaded. What you describe is clearly unprofessional.
I knew it would happen.