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<p>[QUOTE="dougsmit, post: 1806270, member: 19463"]The bottom line is whether we value the coins for what they are or for what they are worth (to paraphrase the Frank Robinson quote). I like pretty coins that are fully identifiable but hate to see people paying high level prices for coins no better than could be bought from Frank Robinson's bargain list for $6. I see nothing wrong with buying 1000 coins for $1 each or one $1000 coin unless it crosses the line and turns into a class war like we see here. I have to agree with mrweaseluv's view on coin-Nazis. This is a hobby. If all that is important to you is how much you will sell the coin for tomorrow or in 20 years, this is not a hobby for you but an investment. I would be OK if the coin market tanked to the point that I could buy coins at 1960 (or 1860) prices but I still would buy coins I find interesting and not care whether the coin-Nazis were happy or not. Hobby items once purchased are all worthless as long as they are never sold. I use the same money for coins that I use to eat out (Wendy's 99 cent menu), see movies (matinee with senior discount) or go on vacation (to visit great grandma) - all things that expect zero return of capital. Coin investments are a different matter. I don't invest.[/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 1806270, member: 19463"]The bottom line is whether we value the coins for what they are or for what they are worth (to paraphrase the Frank Robinson quote). I like pretty coins that are fully identifiable but hate to see people paying high level prices for coins no better than could be bought from Frank Robinson's bargain list for $6. I see nothing wrong with buying 1000 coins for $1 each or one $1000 coin unless it crosses the line and turns into a class war like we see here. I have to agree with mrweaseluv's view on coin-Nazis. This is a hobby. If all that is important to you is how much you will sell the coin for tomorrow or in 20 years, this is not a hobby for you but an investment. I would be OK if the coin market tanked to the point that I could buy coins at 1960 (or 1860) prices but I still would buy coins I find interesting and not care whether the coin-Nazis were happy or not. Hobby items once purchased are all worthless as long as they are never sold. I use the same money for coins that I use to eat out (Wendy's 99 cent menu), see movies (matinee with senior discount) or go on vacation (to visit great grandma) - all things that expect zero return of capital. Coin investments are a different matter. I don't invest.[/QUOTE]
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