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<p>[QUOTE=&quot;Rhino89, post: 1161491, member: 21773&quot;]Being a successful investor in coins ironically requires understanding of the coins that can only be attained by starting out as a collector first. When you&#039;re on the outside of the collection world, all you have to go by are catalogues, auctions, and book values. When you actually collect coins, you learn about them, their features, and you literally get a sense of the pulse of the market. You&#039;re able to look at auctions and say &quot;wow, that guy overpayed&quot; or &quot;wow, I should have bid on that, what a bargain&quot;, which are judgments that are hard to make as an investor not familiar with the coin beyond the scope of a coin being a piece of metal with some worth to some people who you&#039;re not familiar with.</p><p>&nbsp;</p><p>My advice, is invest a bit of money in collecting. Let&#039;s say you want to get a $1500 Morgan? $3000 Morgan? Start out by buying a few cheaper ones, get a sense of their strike, the way they&#039;re graded, and the mintmarks that make certain ones more collectible. Don&#039;t buy a &quot;$1500&quot; Morgan because a dealer told you it&#039;s worth that or 1 auction ended with that final price, that&#039;s not reliable data. Once you&#039;re comfortable with the coins, then make your big investment and sit on it. You don&#039;t want to find out years from now that what you thought someone said was an MS-66 or 67 for sure is nothing more than an overgraded 64 and realize your money went into the toilet, investment-wise.</p><p>&nbsp;</p><p>Also, another piece of advice from me will differ from what others here may share: I don&#039;t collect US coins, only foreign ones. And I think a coin &quot;investor&quot; should have a global perspective on the hobby, not just US-centered. The US coin market, in my opinion, is saturated. It&#039;s not that there are a lot of collectors that are falling over each other, it&#039;s just that there is a large number of core collectors who are knowledgeable, financially stable, and highly experienced. When you move into foreign coins, that falls apart REALLY fast. If you pick the right country, right coins, the right market, the profit in store is bigger than what can be made in the US coin market. Just a few days ago I saw a beautiful, UNC foreign gold coin sell for $20 below melt, shipped. You think you can find that in the US coin market?Think about a global perspective on your investment. Collectors in the US are falling over each other racing to get silver at bargain prices, a few percent below melt or AT melt. But that doesn&#039;t always have to be the case in the world coin market... About a month ago I won an eBay auction for a bit over 3 oz of foreign silver for $50, shipped (no joke, I can post a link). Within 24 hours of getting it, I resold it for $145.</p><p>&nbsp;</p><p>Good luck in whatever you do. Despite what many will say, I have found coins to be a very lucrative hobby with lots of real profits.[/QUOTE]</p><p><br /></p>

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