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<p>[QUOTE="bahabully, post: 2001741, member: 17555"]"if you collect coins and hope to profit from them in the future than you need to go after high end items that will attract the attention of the upper class.Unfortunately the middle class isn't doing so well and it will continue to get worse. This is why I predict that most coins under $15,000 are going to lose significant value"</p><p> </p><p>If I buy a 15k coin and the upper end of the market drops 10%, I'm out 1.5k</p><p>If I buy a 100 dollar coin and the lower end of the market drops 50%, I'm out 50 bucks.</p><p> </p><p>Then add fees.</p><p>I can sell my now 50 dollar coin on ebay and fees are around 10 bucks including shipping... so lost a total of 60 bucks.</p><p>In a high end auction, the fees are likely to be higher, but assuming 10%, I'm out another 1.35k just to sell the coin.... so lost a total of 2.850k.</p><p> </p><p>... doesn't take long for small drops in high end to make huge losses at the low end look petty.</p><p> </p><p>... if you think we are in a bubble, then go ahead and enjoy the hobby, but do the math and figure out how much $ your good with flushing down the toilet.[/QUOTE]</p><p><br /></p>
[QUOTE="bahabully, post: 2001741, member: 17555"]"if you collect coins and hope to profit from them in the future than you need to go after high end items that will attract the attention of the upper class.Unfortunately the middle class isn't doing so well and it will continue to get worse. This is why I predict that most coins under $15,000 are going to lose significant value" If I buy a 15k coin and the upper end of the market drops 10%, I'm out 1.5k If I buy a 100 dollar coin and the lower end of the market drops 50%, I'm out 50 bucks. Then add fees. I can sell my now 50 dollar coin on ebay and fees are around 10 bucks including shipping... so lost a total of 60 bucks. In a high end auction, the fees are likely to be higher, but assuming 10%, I'm out another 1.35k just to sell the coin.... so lost a total of 2.850k. ... doesn't take long for small drops in high end to make huge losses at the low end look petty. ... if you think we are in a bubble, then go ahead and enjoy the hobby, but do the math and figure out how much $ your good with flushing down the toilet.[/QUOTE]
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