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<p>[QUOTE=&quot;-jeffB, post: 3874648, member: 27832&quot;]Here&#039;s why coins are a <b>terrible</b> investment.</p><p><br /></p><p>Think about where you go to buy your coins. Is it a dealer? How does that dealer make enough money to stay in business? By selling things at a profit.</p><p><br /></p><p>Now, imagine that you need to sell your coin back to the dealer (as you say, you &quot;cannot afford to lose&quot; that money). Do you think the dealer will pay you the same amount that you spent on the coin? If so, how is the dealer making any money?</p><p><br /></p><p>Say that you bought the coin on eBay instead. Now, you want to sell it on eBay. Even if you can get the same price you paid for it, eBay will take a 10% cut, and PayPal will take another 3%. You&#039;re in the hole.</p><p><br /></p><p>&quot;Ah&quot;, you say, &quot;but my coin will have gone up in value!&quot; <b>Maybe, but probably not.</b> The <a href="https://www.pcgs.com/prices/coin-index/pcgs3000" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.pcgs.com/prices/coin-index/pcgs3000" rel="nofollow">PCGS 3000</a> is a broad index of coin values. Take a look at how it&#039;s done over the last year, the last few years, the last few decades. NOT good.</p><p><br /></p><p>Suppose that you <i>luck into</i> a few coins that actually <i>don&#039;t</i> lose value. (You say you&#039;re starting as a beginner, so if you find such coins, it <i>will</i> be a matter of luck.) You go to sell them in ten or twenty years, and can somehow avoid seller fees and dealer buy/sell spreads to get their full value. Congratulations! You&#039;ve kept pace with inflation. Meanwhile, most index funds will have run at least several annual percent <i>ahead</i> of inflation. All your friends who put money into 401(k) plans will likely be way ahead of you.</p><p><br /></p><p>When you&#039;re buying coins, <b>spend only what you can afford to lose. DO NOT</b> deceive yourself into thinking that you&#039;re &quot;investing&quot; for the future. You&#039;re not. You&#039;re speculating, and in a spectacularly unwise way.[/QUOTE]</p><p><br /></p>

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