"Collectors tend to focus too much on marks and not enough on originality of surfaces. We tend to overgrade the coin that doesn’t have original bloom on the devices but clean fields. We tend to undergrade the coin that has wonderful bloom but marks here or there."
And
"Sometimes, you have to pay too much for a coin. As long as it’s the right coin, that’s ok. In fact, for the right coin you almost always have to pay ‘too much’. The secret is in knowing which are the right coins and which are the wrong ones. "
As I've quoted NY dealer Lester Merkin, many times:
"Sometimes the opportunity to buy a rare coin is rarer than the coin itself"
Retired Collector & Dealer in Major Mint Error Coins & Currency since the 1960's.Co-Author of Whitman's "100 Greatest U.S. Mint Error Coins", and the Error Coin Encyclopedia, Vols., III & IV. Retired Authenticator for Major Mint Errors for PCGS. A 50+ Year PNG Member.A full-time numismatist since 1972, retired in 2022.
If you like it and let it be known in certain circles, chances are 5 others will have what you like at the highest possible price. That is , (don't quote me) until one says, "I'll give it to you for $XXX, and then , you will love it. (please don't quote me)
For collectors, not flippers: There are many levels in the research of the sufficient coin for your collection, but until you attain the level of your own satisfaction no coin will suffice.
When a man who is honestly mistaken hears the truth, he will either quit being mistaken or cease to be honest....Abraham Lincoln
Patriotism is supporting your country all the time, and your government when it deserves it.....Mark Twain
Comments
Buy the book before the coin.
Books are expensive, the tuition from not having them is priceless. (That one is from me)
In particular:
"Collectors tend to focus too much on marks and not enough on originality of surfaces. We tend to overgrade the coin that doesn’t have original bloom on the devices but clean fields. We tend to undergrade the coin that has wonderful bloom but marks here or there."
And
"Sometimes, you have to pay too much for a coin. As long as it’s the right coin, that’s ok. In fact, for the right coin you almost always have to pay ‘too much’. The secret is in knowing which are the right coins and which are the wrong ones. "
"Sometimes the opportunity to buy a rare coin is
rarer than the coin itself"
<< <i>Buy the book before the coin. >>
That saying is a bit antiquated needs updating... "Buy the book before the Sticker"
``https://ebay.us/m/KxolR5
--- Lincoln Vanderblatt
When a man who is honestly mistaken hears the truth, he will either quit being mistaken or cease to be honest....Abraham Lincoln
Patriotism is supporting your country all the time, and your government when it deserves it.....Mark Twain
Looks like our monthly club meeting will have something for the foreseeable future!
Thanks everyone!