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1972 DDO a good investment?
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<p>[QUOTE="medoraman, post: 4600441, member: 26302"]Big IF that you would actually get market price for it sir. Do you want to commit your $500 coins to Ebay auctions today and hope you will get market price? Your answer may be "well have it listed as a BIN". Ok, but then it may sit there for 8 months unsold. </p><p><br /></p><p>I will edit my original assertion, "collectible coins are not a valid investment due to buy/sell spread, in order to liquidate quickly you either have to take a major discount to value or try to maximize value you might have to wait months to "only" take a 20% deduction".</p><p><br /></p><p>Or, buy a security, and get 99.9999% of its value in a few seconds upon selling. </p><p><br /></p><p>I probably spend more on coins every year than 90% of collectors. I simply do this with eyes open wide that this is my play money, not investment money. I could waste my money on NFL tickets, boats, fancy vacations, or good old fashioned drinking. I don't, I waste my play money on coins. My intent is to never sell my coins, maybe my bullion but never my coins. As long as I get $300 worth of enjoyment out of a $300 coin, then the coin owes me nothing and I will leave them to my heirs. If they sell them I don't care.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 4600441, member: 26302"]Big IF that you would actually get market price for it sir. Do you want to commit your $500 coins to Ebay auctions today and hope you will get market price? Your answer may be "well have it listed as a BIN". Ok, but then it may sit there for 8 months unsold. I will edit my original assertion, "collectible coins are not a valid investment due to buy/sell spread, in order to liquidate quickly you either have to take a major discount to value or try to maximize value you might have to wait months to "only" take a 20% deduction". Or, buy a security, and get 99.9999% of its value in a few seconds upon selling. I probably spend more on coins every year than 90% of collectors. I simply do this with eyes open wide that this is my play money, not investment money. I could waste my money on NFL tickets, boats, fancy vacations, or good old fashioned drinking. I don't, I waste my play money on coins. My intent is to never sell my coins, maybe my bullion but never my coins. As long as I get $300 worth of enjoyment out of a $300 coin, then the coin owes me nothing and I will leave them to my heirs. If they sell them I don't care.[/QUOTE]
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1972 DDO a good investment?
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