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From: morse@leadsv.UUCP (Terry Morse)
Newsgroups: net.invest
Subject: Re: Numismatic Coins
Message-ID: <748@leadsv.UUCP>
Date: Tue, 7-Jan-86 12:14:44 EST
Article-I.D.: leadsv.748
Posted: Tue Jan  7 12:14:44 1986
Date-Received: Wed, 8-Jan-86 23:53:23 EST
References: <23300006@uiucuxc>
Organization: Lockheed, Sunnyvale CA
Lines: 18

In article <23300006@uiucuxc>, rcook@uiucuxc.CSO.UIUC.EDU writes:
> 
> OK, I have another coin question.....
> 
> 	What is the buy-back market on numismatics?
> 
> 	Can I get ALL my money back when I buy a MS-65 (give or take a grade)?

From what disgruntled former collectors have told me, you buy retail from a
coin dealer.  When you sell, the dealer will only give you wholesale IF he
feels like buying it at all.  He has no obligation to buy it back.

Rare coin collecting seems to be more of a hobby than a good way to invest.
But then I have never tried it, either.
-- 

Terry Morse  (408)743-1487
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