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<p>[QUOTE="cladking, post: 3875532, member: 68"]I've done as well as anyone has "investing" in coins and I wouldn't do it again had I known then what I know now. I expected to be able to able to take profits 30 or 40 years ago when I was still young enough to enjoy it and "reinvest" it. </p><p><br /></p><p>Collectibles are never predictable and even if you're right the market can make you wrong. You not only have to be a contrarian just like in real investment but you need to be in sync with the specific things everyone else isn't doing. In the bag and roll craze you needed to be buying varieties and Gems, for instance. </p><p><br /></p><p>Who knows what people aren't paying attention to right now but even if you do know (I've got some ideas) it might not pay off for another century or you could still miss the boat because of the way the demand unfolds or the specific coins that come into high demand. </p><p><br /></p><p>There's a very strong tendency for ONLY rare coins to do very well and an equally strong tendency for "investors" to set aside ONLY common coins.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 3875532, member: 68"]I've done as well as anyone has "investing" in coins and I wouldn't do it again had I known then what I know now. I expected to be able to able to take profits 30 or 40 years ago when I was still young enough to enjoy it and "reinvest" it. Collectibles are never predictable and even if you're right the market can make you wrong. You not only have to be a contrarian just like in real investment but you need to be in sync with the specific things everyone else isn't doing. In the bag and roll craze you needed to be buying varieties and Gems, for instance. Who knows what people aren't paying attention to right now but even if you do know (I've got some ideas) it might not pay off for another century or you could still miss the boat because of the way the demand unfolds or the specific coins that come into high demand. There's a very strong tendency for ONLY rare coins to do very well and an equally strong tendency for "investors" to set aside ONLY common coins.[/QUOTE]
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