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Jack Robinson
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What You Need To Know----Important
in What You Need to Know
Posted
Hello,
I am REALLY new at collecting coins but, I have learned a valuable lesson already: Research, Research, Research. In other words. . . know what you are buying.
I purchased two coins off of a national cable "TV marketing" show. Paid nearly three times the value of the coins. Luckily, these were my first two purchases, ever.
Since then, I have spent many hours sitting in front of my TV/computer screens with my "Red Book" in hand watching these TV marketers. As soon as they say their price, I looked the coin up in the Red Book and compared prices.
With today's technology, I can have the NGC price guide on my cellphone. When I find a coin (raw or slabbed) I look up the estimated TMV and make the comparison. The various tools that NGC site provide to it's members are extremely benificial.
Always remember, however, what is listed as TMV is an estimate. The real value in a coin is what a person is willing to pay for it and what price you are willing to sell.
I now have nearly 300 coins in my NGC registry with a mixture of raw and slabbed. I am now fine tuning and will focus on NCG slabbed coins.
Ok, I am off of my soap box.
As others have already said: The important thing is to have fun and collect what appeals to you.
Best wishes,
Jack