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Another 1878 7/8 lustre or no lustre
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<p>[QUOTE="GDJMSP, post: 1332772, member: 112"]Possible yes, but highly unlikely. There is simply too much to know, and even if you do know, you still have to be extremely lucky for not only do you have to buy at the right time, you also have to sell at the right time.</p><p> </p><p><br /></p><p><br /></p><p>Here is what I do know. Before you can ever show a profit you will have to overcome the buy/sell spread. Normally that spread is around 40%. So the coin you buy today will have to increase in value by about 50% for you to just break even. And that is assuming that you didn't over-pay when you bought the coin.</p><p><br /></p><p>Couple that with my above comments, and that's a pretty tough row to hoe.</p><p><br /></p><p>My comments about investing in coins are not just some random thoughts. They are based on a lifetime of experience and watching countless collectors lose money on their collections when they go to sell them.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 1332772, member: 112"]Possible yes, but highly unlikely. There is simply too much to know, and even if you do know, you still have to be extremely lucky for not only do you have to buy at the right time, you also have to sell at the right time. Here is what I do know. Before you can ever show a profit you will have to overcome the buy/sell spread. Normally that spread is around 40%. So the coin you buy today will have to increase in value by about 50% for you to just break even. And that is assuming that you didn't over-pay when you bought the coin. Couple that with my above comments, and that's a pretty tough row to hoe. My comments about investing in coins are not just some random thoughts. They are based on a lifetime of experience and watching countless collectors lose money on their collections when they go to sell them.[/QUOTE]
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Another 1878 7/8 lustre or no lustre
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