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What 2009 coin mistakes will you try not to make in 2010?
Dokis
Posts: 111
When buying coins for resale, I will try not to underestimate the NGC, Anacs, price discount, relative to PCGS holdered coins. I got smoked on a few last year.
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Camelot
<< <i>When you buy slooowww, you lose money slooowww! >>
True enough Bear, but I do this for a living and need to keep inventory moving.
I hate sounding like a fanboy, but I sure have learned about resale values when it comes to numismatics. PCGS graded coins always retain or gain value - all things being equal. I have heard "buy the coin and not the holder" over and over, but I'm sorry that just doesn't work anymore. I buy the coin AND the holder, and I buy coins as both a hobby and an investment. I know that I can sell PCGS slabbed coins for close to what I paid, and sometimes more. So, no more non-PCGS coins for me for the most part. I do still buy an occasional raw coin but it's rare.
Must learn to be more patient.
Wait for the good ones. They'll come along eventually.
Like others said patience is the key.
I purchased what I wanted, liked, and what coins I felt would fit nicely in my collection, and either I got lucky or I have a much better eye, and patience, for decent material. (Which I would definitely say is the truth)
What I would like to improve upon in 2010 is cherrypicking! This may seem sly and shrewd to some, but for others, like myself, it's an exciting aspect of this hobby, and I didn't have much luck with it in 2009; although I did get some great deals on coins!
So no more fuzzy pics, and more focus. Ha.