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<p>[QUOTE="Paul M., post: 3708297, member: 73165"]Sure? Which makes them no different from any other tangible asset you can’t or don’t rent out, or any purely financial asset that doesn’t pay dividends. The difference is it’s easier not to get attached to a share of stock or a generic bullion coin than it is to your amazing denarius.</p><p><br /></p><p>That, of course, is one of the real problems with collectibles as assets: it’s relatively easy to get attached to them. I know I’m in no hurry to sell my collection. The other big problem is that they’re not fungible: my Athenian owl is different from every other one out there. </p><p><br /></p><p>These things plus the previously mentioned wide buy/sell spreads mean I as a collector can’t easily get out of a coin collection, even if my coins’ prices have risen, because I don’t know what the market price of *my* coins is, and I would either need to have a rather large gain just to break even based on buying at retail, or spend a long time extracting a fair retail price from them. Neither of these are true of a share of stock, where I can theoretically go online right now and just buy whatever I want, then sell it at an easily discovered price at any time.[/QUOTE]</p><p><br /></p>
[QUOTE="Paul M., post: 3708297, member: 73165"]Sure? Which makes them no different from any other tangible asset you can’t or don’t rent out, or any purely financial asset that doesn’t pay dividends. The difference is it’s easier not to get attached to a share of stock or a generic bullion coin than it is to your amazing denarius. That, of course, is one of the real problems with collectibles as assets: it’s relatively easy to get attached to them. I know I’m in no hurry to sell my collection. The other big problem is that they’re not fungible: my Athenian owl is different from every other one out there. These things plus the previously mentioned wide buy/sell spreads mean I as a collector can’t easily get out of a coin collection, even if my coins’ prices have risen, because I don’t know what the market price of *my* coins is, and I would either need to have a rather large gain just to break even based on buying at retail, or spend a long time extracting a fair retail price from them. Neither of these are true of a share of stock, where I can theoretically go online right now and just buy whatever I want, then sell it at an easily discovered price at any time.[/QUOTE]
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