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<p>[QUOTE="Ken Dorney, post: 3699443, member: 76086"]I was talking to a collector recently and advising how to price his coins for sale. He had mentioned that some were now worth a lot less than when he purchased them. I told him that at least our hobby is one in which what we do retains some good value. Compare our hobby to one in which can be considered ‘consumable’, such as fine wines. Genealogy is very popular these days, and that ends up being information or data, which has no monetary value. The vast majority of hobbies leaves one with little to nothing in the end.</p><p><br /></p><p>Collecting coins will always retain some value, the only question will be how much at the time and place one decides to sell. </p><p><br /></p><p>I have aways been open with my opinion on the matter of investing in ancient coins. It’s generally a bad idea for the majority of collectors. It can be done (and very easily) but it takes a lot of time, education, research, etc. Most people are not willing to put in what it takes to make it work. One major factor is risk, which is much higher than traditional investments. Another which is hard to bypass is emotion. As collectors we often get obsessed about coins we are buying. This can lead us to pay entirely too much for a particular coin or coins.</p><p><br /></p><p>My collection is made up primarily of coins that I was able to purchase well under average retail. A lot of times I decide to keep a coin rather than resell it because I know that I will never see another one that cheap in my lifetime. Without question when I do sell they will probably realize 5 times what I paid on average (I too have some coins I got emotional about and paid 5 times too much, but had to have).</p><p><br /></p><p>So, yes, I think one can invest in coins and turn a very good profit, but it takes a lot of time and effort. Often one has to troll each and every auction in the world, week after week, year after year to spot the coins that will appreciate in value. Add to that searching fixed price dealers, coin shows, etc. Its time consuming and a full time job. Its one reason few do it.</p><p><br /></p><p><br /></p><p><br /></p><p>Ancient coins have appeared in the market before. Anyone remember the Athena Fund? It was a disaster![/QUOTE]</p><p><br /></p>
[QUOTE="Ken Dorney, post: 3699443, member: 76086"]I was talking to a collector recently and advising how to price his coins for sale. He had mentioned that some were now worth a lot less than when he purchased them. I told him that at least our hobby is one in which what we do retains some good value. Compare our hobby to one in which can be considered ‘consumable’, such as fine wines. Genealogy is very popular these days, and that ends up being information or data, which has no monetary value. The vast majority of hobbies leaves one with little to nothing in the end. Collecting coins will always retain some value, the only question will be how much at the time and place one decides to sell. I have aways been open with my opinion on the matter of investing in ancient coins. It’s generally a bad idea for the majority of collectors. It can be done (and very easily) but it takes a lot of time, education, research, etc. Most people are not willing to put in what it takes to make it work. One major factor is risk, which is much higher than traditional investments. Another which is hard to bypass is emotion. As collectors we often get obsessed about coins we are buying. This can lead us to pay entirely too much for a particular coin or coins. My collection is made up primarily of coins that I was able to purchase well under average retail. A lot of times I decide to keep a coin rather than resell it because I know that I will never see another one that cheap in my lifetime. Without question when I do sell they will probably realize 5 times what I paid on average (I too have some coins I got emotional about and paid 5 times too much, but had to have). So, yes, I think one can invest in coins and turn a very good profit, but it takes a lot of time and effort. Often one has to troll each and every auction in the world, week after week, year after year to spot the coins that will appreciate in value. Add to that searching fixed price dealers, coin shows, etc. Its time consuming and a full time job. Its one reason few do it. Ancient coins have appeared in the market before. Anyone remember the Athena Fund? It was a disaster![/QUOTE]
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