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Reno Raines

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Everything posted by Reno Raines

  1. For maximum coverage you'll need to post this question in the newbie coin collecting questions section of this site. You will also need to post clear, cropped photos of the obverse and reverse of the coin in question.
  2. These coins are not worth the grading fees. Only submit coins that have a raw price guide value of at least $350.00 - $400.00 which would cover all the grading fees plus a profit for you when the time comes to sell.
  3. You got an answer to the question then basically wanted to know if "Emergency Production" ASE's would hold their value.
  4. Preferably questions about legitimate coins in terms of if it's worth the grading fees and or coins that you're not certain are genuine.
  5. Oh really? Maybe the moderators need to block his IP address from even accessing this site. My biggest concern through is he knew my middle name and the name of my deceased younger brother without me ever posting that information.
  6. All modern dimes (1965 - present) are clad while classic dimes (1964 and older) are 90 percent silver. Based on that you have a normal 2004 circulated dime.
  7. Why some people do things they do I'll never understand. For example, there were people buying stock in Ford Motor Company (NYSE ticker: F) at nearly $15.00 a share about a month ago. Since that time the stock price has declined to a little over $12.00 a share. FULL DISCLOSURE: I own stock in F and my P/S is $9.00. I only bought that stock for the dividend not as a long term investment. My quarterly dividend payments are $30,000.00. My next quarterly dividend payment is due on 9 / 1 / 2023.
  8. If you're comparing the liquidity of the coin market to the liquidity of the real estate, stock and bond markets you'll see that there's every little liquidity in the coin market. Thus your theory of "There's plenty of money to be made in the coin market" is clearly a boldface lie as the coin market is unregulated and can and will dry up without any kind of warning sign. Always remember when it comes to gold and silver coins their value is somewhat tied to the price of spot so you'd be lucky to get maybe 3 - 5 percent of spot for your coins from a dealer.
  9. I'm not mad or even upset with you. All I'm saying is don't depend solely on the NGC price guide as it's not routinely updated based on current market conditions plus all the information contained is merely voluntary not manitory.
  10. I have reported the user Vendetta50 on the grounds of attacting other users for no reason whatsoever.
  11. I guess that you'll continue to just ignore all the current sold listings data from multiple auctions because it doesn't fit your theory. Oh well you can't fix stupid.
  12. When it comes to coin collecting you only want coins that are as close to perfection as possible. Do not waste your time and money searching for error or damaged coins as you will be let down more often than not.
  13. Stackerdude, earlier this year I bought a pre graded NGC MS 70 2022 burnished ASE. The NGC price guide lists that coin to be worth $110.00. I paid a grand total of $61.60 or only 44% of it's NGC listed price guide value (whichever way you want to look at it). So using your logic that the NGC price guide is the "Be all that ends all" I have a 56% profit margin. I always write down the NGC price guide value for every coin that I'm interested in purchasing - I make one absolute high bid and if anybody's bid is higher than mine they're usually in the red on the deal. Whenever I see the coin market is inflated due to too much hype surrounding that particular coin I tip toe out of the hobby and re - enter once the market cools off.
  14. I seriously doubt that you'd get $250.00 from an experienced collector but from a newbie who doesn't know any better you would.
  15. I buy all of my coins on the internet and the sales tax is usually less. In OH our sales tax is 7.250 percent.
  16. I don't need to take a loan for anything as I have plenty of cash in many banks earning interest. I also have zero debt.
  17. Dude coins are NOT an investment by any means. I have many investments ranging from real estate to "I" series savings bonds. Oh btw the interest I make on those "I" series savings bonds compounds so needless to say that I don't just "Flip coins" to make a quick buck. "Quick buck artists come and go with every bull market but it's the steady players that make it through the bear markets" - Lou Manheim from the 1985 classic movie Wall Street.
  18. Any TPG can and will put any price guide value to every coin but you must understand that those values are for retail sales for coin dealers not individuals. As such that information is merely "Volunteered" and is NOT guaranteed that you will get that money for your coins. "Any coin is only worth as much as someone's willing to pay for it at any given point in time" - Tony Follis. For example, in 2019 I bought a pre graded NGC MS 70 2013 burnished ASE for $80.00. Today if you were to check the NGC price guide value for that coin it's listed for $165.00.
  19. It's only worth it's silver value and not worth the cost of submission.