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<p>[QUOTE="philologus_1, post: 3699362, member: 92212"]I definitely see my collection as both an asset and investment. But as has already been noted coin collections tend to not be a great investment in the sense that any good financial advisor would think of an investment.</p><p><br /></p><p>In the big picture I view it in the same way many of you probabaly do. To illustrate I'll pick on avid golfers. They spend big bucks on clubs, related equipment/clothing, green fees, sometimes country club membership fees and/or pro golf lessons, plus in many cases travel. A 2009 survey by Golf Magazine showed the average golfer spent $2,776 per year (in 2009 dollars). That means at the end of a decade they would have spent nearly $28,000 and have in-hand assets of <i>maybe</i> $2,000 in clubs and related equipment/clothing. </p><p><br /></p><p>Had that $28,000 been spent on <u>wise/knowledgeable</u> coin purchases, one could expect a wholesale value of at least 50%. I'll take $14K over $2K any day. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p><a href="http://www.golf.com/special-features/2009-survey-american-golfer" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.golf.com/special-features/2009-survey-american-golfer" rel="nofollow">2009 survey of the American golfer conducted by <i>Golf Magazine</i> </a></p><p><br /></p><p>p.s.: Some of my best friends are avid golfers. One is also an avid ancient coin collector. He has more money than I do. ;-) Point being: I'm not dissing golf. It is a great way to get hours of entertainment and physical exercise. But ancient coin collecting is a great way to get hours of entertainment and mental exercise -- along with growth in knowledge of numismatics, history, ancient languages, and more! :-D[/QUOTE]</p><p><br /></p>
[QUOTE="philologus_1, post: 3699362, member: 92212"]I definitely see my collection as both an asset and investment. But as has already been noted coin collections tend to not be a great investment in the sense that any good financial advisor would think of an investment. In the big picture I view it in the same way many of you probabaly do. To illustrate I'll pick on avid golfers. They spend big bucks on clubs, related equipment/clothing, green fees, sometimes country club membership fees and/or pro golf lessons, plus in many cases travel. A 2009 survey by Golf Magazine showed the average golfer spent $2,776 per year (in 2009 dollars). That means at the end of a decade they would have spent nearly $28,000 and have in-hand assets of [I]maybe[/I] $2,000 in clubs and related equipment/clothing. Had that $28,000 been spent on [U]wise/knowledgeable[/U] coin purchases, one could expect a wholesale value of at least 50%. I'll take $14K over $2K any day. :) [URL='http://www.golf.com/special-features/2009-survey-american-golfer']2009 survey of the American golfer conducted by [I]Golf Magazine[/I] [/URL] p.s.: Some of my best friends are avid golfers. One is also an avid ancient coin collector. He has more money than I do. ;-) Point being: I'm not dissing golf. It is a great way to get hours of entertainment and physical exercise. But ancient coin collecting is a great way to get hours of entertainment and mental exercise -- along with growth in knowledge of numismatics, history, ancient languages, and more! :-D[/QUOTE]
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