The Motley Fool Discussion Boards

Previous Page

Hobbies & Interests / Numismatic Fools


Subject:  Re: Dealer Behavior Date:  3/31/2011  11:42 PM
Author:  AlphaWolf Number:  690 of 727

For starters, what Ziggy29 said.

I own many nice AU coins. In fact, these coins have more eye appeal than most 60, 61 and 62 s. Buy the coin, not the grade.

If you buy a coin and then end up selling it within a short period, you will probably take a loss. Coin values can appreciate, but it usually takes years. And coin dealers have to mark up merchandise just like every other business.

Personally, I only buy coins graded by PCGS or NGC. there is no arguing about the grade.

Having said that, as I mentioned, buy the coin, not the grade on the plastic. If a coin looks nice when you buy it (and you know right away if it does), it will look nice when you sell it. I love color and luster on my coins. I only buy coins that are solid for the grade or on the high end of the grade. Even though I recommend sticking with PCGS or NGC, I have seen coins graded by these firms that I wouldn't touch with a en foot pole. Learn to grade coins on your own.

Lastly, if a dealer treats you badly, as this guy seems to have done, take your business elsewhere.

I use a local dealer for inexpensive coins. For my expensive purchases, I use a guy named Mike Printz out of Chicago. I've dealt with him for years. He has a great eye, he's honest, and he's a nice guy to boot.

Here's a link to his website:

He's a class guy. And while most of his material is too expensive for me, he also posts lots of reasonably priced stuff.

OK, I lied - here's some more advice; I love a high end coin graded 64. People who don't know coins or buy them as an investment, usually want 65 and above. There are some great deals on high end 64s that look just as nice as a technical 65. Buy the coin!

And most important, enjoy the hobby!

Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us