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Message:: [QUOTE="medoraman, post: 1939829, member: 26302"]Maybe I am just weird, but I consider all of my coin expenditures as "lost money". I am just about to pull the trigger on a fairly expensive coin for me, it will probably be around $1400 when all is said and done. Will I ever recover a single penny of this money? No. I will never sell it. I collect for the pure enjoyment of it, for the love of the coins and the history. So, since I am not worried about the investing aspect of it, I am free to simply buy what makes me happy. To me, that is what a hobby should be. Btw, regarding high grades versus lower grade examples. Yes, we have been in a period of chasing condition above all else for quite a while now. I blame the TPG for making the grade the end all, be all to many collectors. Regardless, historically lower grade coins haven't gone up as much, but neither have the gone DOWN as much. So if you are talking about security of your coin dollars, I would argue that longer term lower grade examples might provide more security versus high grade examples. If you would have bought MS65 Morgan in 1989 you might still be underwater even on a nominal basis on that purchase, and on an inflation adjusted basis you would have lost 85% of your value. If you had bought an XF Morgan instead, you would have been well ahead of the game today. So, buying high grades will NOT immunize yourself from potential losses, in fact it might be increasing your risks greatly.[/QUOTE]