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<p>[QUOTE="KoinJester, post: 2443822, member: 29128"]It's has long been called "The Hobby of Kings" for a pretty good reason. Other than collecting on the low end of the market, most that buy the High dollar, rare (not ebay rare)top end coins are mostly the older generations that have worked hard, saved and invested wisely and budgeted to be able to afford purchase such coins.</p><p><br /></p><p>There are some coins that a buyer may partner up with others to buy and own a share of said coin.</p><p><br /></p><p>While I don't agree with using the word "investing" along side of "coins"</p><p>Coins have gone up and down over the years and the swings will continue, The few that have become investment coins have always been out of reach most collectors. Yes one could say x coin was worth y in 1940 and worth xx today. The problem I see is when people make them comparisons don't take in consideration what how much x took to earn and it's purchasing power of the time. Or I paid I paid $100 for it in 19xx and sold it for $175 in 20xx think they made $75, where they don't take in inflation and other factors that gave the dollar less purchasing power,[/QUOTE]</p><p><br /></p>
[QUOTE="KoinJester, post: 2443822, member: 29128"]It's has long been called "The Hobby of Kings" for a pretty good reason. Other than collecting on the low end of the market, most that buy the High dollar, rare (not ebay rare)top end coins are mostly the older generations that have worked hard, saved and invested wisely and budgeted to be able to afford purchase such coins. There are some coins that a buyer may partner up with others to buy and own a share of said coin. While I don't agree with using the word "investing" along side of "coins" Coins have gone up and down over the years and the swings will continue, The few that have become investment coins have always been out of reach most collectors. Yes one could say x coin was worth y in 1940 and worth xx today. The problem I see is when people make them comparisons don't take in consideration what how much x took to earn and it's purchasing power of the time. Or I paid I paid $100 for it in 19xx and sold it for $175 in 20xx think they made $75, where they don't take in inflation and other factors that gave the dollar less purchasing power,[/QUOTE]
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A Take on the coin market.
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