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<p>[QUOTE="medoraman, post: 1178492, member: 26302"]I think a lot of collectors would be shocked by how often dealers who sold them a coin either will not even offer to buy it back, or want to pay 50 cents on the dollar. I don't begrudge dealers, they need to make a living, but to me the "investment" part of collecting is hyped too much by dealers wishing to make sales.</p><p><br /></p><p>I always suggest to people who think they can "invest" to buy a coin they want at the best price they can get. Then take that coin around to some dealers and see what price they will offer you. This price difference is what makes coin collecting hard to be a real 'investment", and the hobby that it is. Yes, if you collect coins for your enjoyment and hold for a long time you will sell for more than what you paid probably, but you lost potential income and greater profits from most other investments in the meantime. I am not talking about bullion, which is an investment, but does have its own problems as well.</p><p><br /></p><p>Invest in yourself, love your hobby, love the history you learn, and let your wife sell your coins when you are gone is what I advise. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1178492, member: 26302"]I think a lot of collectors would be shocked by how often dealers who sold them a coin either will not even offer to buy it back, or want to pay 50 cents on the dollar. I don't begrudge dealers, they need to make a living, but to me the "investment" part of collecting is hyped too much by dealers wishing to make sales. I always suggest to people who think they can "invest" to buy a coin they want at the best price they can get. Then take that coin around to some dealers and see what price they will offer you. This price difference is what makes coin collecting hard to be a real 'investment", and the hobby that it is. Yes, if you collect coins for your enjoyment and hold for a long time you will sell for more than what you paid probably, but you lost potential income and greater profits from most other investments in the meantime. I am not talking about bullion, which is an investment, but does have its own problems as well. Invest in yourself, love your hobby, love the history you learn, and let your wife sell your coins when you are gone is what I advise. :)[/QUOTE]
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