Where have I heard that before ?

John Pittman was a very dedicated collector
who did well. But I doubt the average collector
has the kind of discipline he did.

 

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For some reason I thought you were once a dealer. Not even one! WOW.

 

The joke at my job is "there is a thing I like to do on my day off.....it's called 'spend money!'" that's why we bust it at work, my crew and I like to stay in front of the bills and make a little extra too. With that said, I know plenty of people dropping a hundred bucks a week on smokes, booze, weed, and the like, and I could too but I enjoy coins more than that. It only seems sensible to me to "blow" a hundred a week on some silver or save up and buy a killer coin a few times a year and have a collection I enjoy instead to show for it. I invest in not being a bonehead and taking CALCULATED risk and if the world comes to kick my butt anyway, and I'm sure it will, I'll have a coin or two to sell (options) instead of some empty Starbucks cups. I don't think about it much deeper than that.

Matt

 

Significant gains is not the same thing as making a profit. While there are some collections that have done well, with most of them even if they show paper gains they normally do not keep up with inflation when time value of money is figured in. I don't know how long it took Dan to build his large cent set, but if it was around 16 years then he basically broke even. If it was longer than that his return starts dropping below the rate of inflation.

 

did you just call dealers ultimate collectors? haha poor GD haha