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Adivce Needed: Peace vs Morgan Silver Dollar
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<p>[QUOTE="-jeffB, post: 3355864, member: 27832"]Whenever you're considering an "investment" in coins of <i>any</i> sort, keep in mind that the cards are stacked against you. The dealer or auction house you work with has to make money, so there's a significant spread between what you pay for a coin and what you get when you sell it -- often 30% or more. You need a lot of time, or a lot of luck, for appreciation to overcome that spread.</p><p><br /></p><p>And appreciation isn't guaranteed. Yes, we've all looked back at old copies of the Red Book, and wished we could buy at 1965 or 1975 prices. But not so much at 1980 or 1990 prices -- there were bubbles at those points, and many prices still haven't recovered to 1990 levels.</p><p><br /></p><p>If you want to own coins, buy what you're going to enjoy. If you want to make money, buy index funds.</p><p><br /></p><p>Welcome to CoinTalk![/QUOTE]</p><p><br /></p>
[QUOTE="-jeffB, post: 3355864, member: 27832"]Whenever you're considering an "investment" in coins of [I]any[/I] sort, keep in mind that the cards are stacked against you. The dealer or auction house you work with has to make money, so there's a significant spread between what you pay for a coin and what you get when you sell it -- often 30% or more. You need a lot of time, or a lot of luck, for appreciation to overcome that spread. And appreciation isn't guaranteed. Yes, we've all looked back at old copies of the Red Book, and wished we could buy at 1965 or 1975 prices. But not so much at 1980 or 1990 prices -- there were bubbles at those points, and many prices still haven't recovered to 1990 levels. If you want to own coins, buy what you're going to enjoy. If you want to make money, buy index funds. Welcome to CoinTalk![/QUOTE]
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Adivce Needed: Peace vs Morgan Silver Dollar
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