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<p>[QUOTE=&quot;Andrew McCabe, post: 3704394, member: 90666&quot;]My rule of thumb is that the day I buy a coin, I lose one third permanently. That&#039;s what seller plus buyer commission and other costs such&nbsp; as forex or shipping cost on a typical coin, so the original consignor gets about two thirds what I pay, and that&#039;s a reasonable way to consider the asset value of your better coins (selling costs are much higher for sub $100 coins, so those are perhaps better regarded as a meal-out, ie no expected value). However having dropped by a third on day one,&nbsp; there&#039;s ways to climb back out of the canyon.</p><p><br /></p><p>One way is to add value to the coin itself, for example by researching and writing up some rare aspect of the coin, especially if you collect in an area with lots of unpublished or rare varieties. </p><p><br /></p><p>Another, tho mainly for higher end coins,&nbsp; is to research and find provenances for your coins. A 1930s auction record adds quite a bit to perceived value for example.</p><p><br /></p><p>A third is the &quot;collection premium&quot; that seems attach to focused collections of a special quality or coverage, by a known collector. Of course on resale, that collection is dispersed again, but there&#039;s still a curatorial value for the individual coins that have been selected, for example due to better style dies, or a preferred toning, or the collector may have had an eye for better strikes or larger flans or more interesting control symbols or whatever. The point is that collection value persists even when a coin is resold, although those aspects of value are hard to define in advance. </p><p><br /></p><p>On top of all those things you can do something about, as a collector, lies the one thing you cannot do anything about - the market in general. Anyone who says they can time their buying in cheap periods and to sell during market highs is speaking nonsense. If the market drops 50%, you go down with it. But at least make the best of what you have by buying wisely in the first place and then adding as much curatorial value as you can.[/QUOTE]</p><p><br /></p>

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