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MapleWalnut

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Why won't anybody pay for nice coins?

In order to buy nice premium coins you see and say I wish I had that coin you have to pay a lot over greysheet for them sometimes. AS lot of people don't understand this. If you truley like the coin your not going to sell it right away, your going to keep it for a while. I bought a 1834(PCGS AU58) Bust Quarter this falland paid $1000 a little over sheet at the time. Two weeks later the guy who sold it to me asked if I would sell the coin back to him for $1100. In that two weeks the coin prices jumped dramatically. What I paid over for now looks like a steal. If you keep the coin for a while then prices will go up if you bought the right coin. But, sometimes take this the wrong way. I am not saying go spend a $1000+ on a toned Morgan Dollar that is only worth $300 because toned Morgans are easy to find. I am talking about rare Bust, Seated, and Barber coinage. I just did it yesterday at a coin show. I bought a Proof 63 Barber Half for $1050. The coin is spectacular in every way. It is nice and original and has spectacular toning on the rims. On greysheet ask is $975 but the coin is premium quality. This winter I saved and saved for two halves I needed for my Type Set. The two coins I was looking for popped on the market and I pounced on the two. They were an 1839 No Drapery Half(PCGS AU 55) and a 1856-O Half(PCGS MS 63). I paid $3000 for the No Drapery, $200, over sheet and $1300 for the 1856-O. On the sheet it is only $900 but it is coin I will keep for a while. The coin is sea green and outstanding. I am thirteen and probably understand the concept of coin collecting better than most adults. You buy nice original choice pieces, not blast white and dipped, and hold on to them for a while. If you like the coin go buy it, coin collecting is all about having fun.

(Most of these coins are not in my Registry yet but will be soon)

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