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Path: utzoo!watmath!clyde!burl!ulysses!mhuxr!mhuxt!houxm!vax135!cornell!uw-beaver!tikal!tna
From: tna@tikal.UUCP (Tom Anderson)
Newsgroups: net.invest
Subject: Re: Investment Coins
Message-ID: <309@tikal.UUCP>
Date: Tue, 7-Jan-86 16:06:53 EST
Article-I.D.: tikal.309
Posted: Tue Jan  7 16:06:53 1986
Date-Received: Wed, 8-Jan-86 06:18:36 EST
References: <23300005@uiucuxc> <2372@gatech.CSNET>
Reply-To: tna@tikal.UUCP (Tom Anderson)
Distribution: net
Organization: Teltone Corp., Kirkland, WA
Lines: 18
Keywords: coin brokers, coin newsletters, investments
Summary: 


Be careful.

Grading  of  coins  is  difficult but,  yet,  crucial.  Generally,
such  dealers  recommend  MS-65 coins for investment purposes.  An
MS-65  coin  typically  sell  for five times an MS-63 coin and not
many   neophyte   coin   investers   can  accurately  discern  the
difference between an MS-65 and MS-63 coin.  

A  classic  ploy  is to sell a coin as an MS-65 (that is really an
MS-63)   at a price somewhat lower than what a true MS-65 is worth
but  much higher than the MS-63 is worth.  The buyer thinks he got
a great deal until he tries to resell a few years later.  

-- 

Thomas N. Anderson      ...uw-beaver!teltone!tna 
Teltone Corporation, 10801 120th Ave NE, Kirkland, WA 98033 (206) 827-9626