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<p>[QUOTE="medoraman, post: 3699259, member: 26302"]"Investment" is the favorite term of coin dealers. With it, they can try to convince collectors to spend more money than they should on their hobby. </p><p><br /></p><p>All collectibles are a horrible investment. Wide buy/sell spread, lack of liquidity anywhere near real value, special collectibles tax rates, etc. For my sanity and to ensure I keep myself in check, I tell myself ALL money spent on coins is GONE. Its a current expense for my enjoyment, NOT an "investment". I buy land, houses, stocks, bonds, etc for investments, I buy coins for my fun, and the money is simply wasted on me, (not a bad thing, as long as your family is taken care of). If they wish to either keep my coins or sell them when I am gone, that is up to them. </p><p><br /></p><p>I do have a list of dealers suggesting who to ship to if they want to sell in the SDB.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 3699259, member: 26302"]"Investment" is the favorite term of coin dealers. With it, they can try to convince collectors to spend more money than they should on their hobby. All collectibles are a horrible investment. Wide buy/sell spread, lack of liquidity anywhere near real value, special collectibles tax rates, etc. For my sanity and to ensure I keep myself in check, I tell myself ALL money spent on coins is GONE. Its a current expense for my enjoyment, NOT an "investment". I buy land, houses, stocks, bonds, etc for investments, I buy coins for my fun, and the money is simply wasted on me, (not a bad thing, as long as your family is taken care of). If they wish to either keep my coins or sell them when I am gone, that is up to them. I do have a list of dealers suggesting who to ship to if they want to sell in the SDB.[/QUOTE]
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