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<p>[QUOTE=&quot;GDJMSP, post: 1283544, member: 112&quot;]Did you sell them and get your buck back ? If you didn&#039;t, then you haven&#039;t made anything yet. A sale must be completed before a profit, or a loss, can be claimed. But you can bet the dealer you bought them from made a profit on the sale he made to you.</p><p>&nbsp;</p><p><br /></p><p><br /></p><p>The method that you have described is a wise way to go, no doubt about that. And there is no doubt that there are people who have made a profit on the coins they collect. But there&#039;s a couple of problems here.</p><p><br /></p><p>First of all, how many others do you suppose there are like you, who do what you do ? And realize, we aren&#039;t talking about dealers, we&#039;re talking about collectors. Dealers do what you do, that is how they make their living. And nobody disputes that dealers can make money from buying and selling coins, due to the buy/sell spread. And those coins that the dealers buy, do you suppose the the people they bought those coins from made a profit ? Not likely. So somebody was losing money.</p><p><br /></p><p>But most collectors don&#039;t sell, they just collect. And most collectors don&#039;t buy lots, where they have part of the lot to sell to pay for the the ones they keep. They buy 1 or 2 coins at a time and keep them.</p><p><br /></p><p>The other issue is this. You are trying to use yourself as example to prove that the premise that collecting as an investment is a bad idea. But 1 contrary example, or 10, or even a 100 contrary examples do not disprove the premise. For there are thousands, hundreds of thousands, of others who lost money on the coins they collected for every 1 of those who made money.</p><p><br /></p><p>So the premise that collecting coins is a bad investment is quite true. No, not in every single example, it&#039;s not. But in well over 90% of the examples it is.</p><p><br /></p><p>And don&#039;t forget, even dealers often lose money on certain coins. Think for a minute about all those dealers who bought silver over $40. Or what about the ones who bought pretty much any coin in the latter part of 2008 ? Do you think they made money on those coins when they sold them in 2009 ? If you do, take a look at this chart - </p><p><br /></p><p>[ATTACH]142816.vB[/ATTACH][/QUOTE]</p><p><br /></p>

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