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<p>[QUOTE="Cloudsweeper99, post: 155454, member: 3011"]I agree that it isn't necessary to have an attitude that collecting is likely to lose money in the end. But it takes a little different mindset than most pure collectors have. If you determine that your goal is to complete sets of coins paying current greysheet prices no matter what they are, it becomes tough to break even. If you determine to only buy what appears undervalued at the time and have the dicipline not to overpay, it becomes much easier [but you will probably never have a collection that will be admired by anyone]. </p><p><br /></p><p>I disagree that high grade coins can be counted on to double every 5-7 years [implying a 10-15% growth rate]. It is just as likely that anything that has rapidly increased in value over the past decade is now overpriced and will be financially unrewarding over the next decade at least. An alternative thought is that high grade coins have appreciated so much relative to their low grade counterparts that the gap is more likely to narrow than to continue to widen in the future.</p><p><br /></p><p>...but please remember that this is only my opinion and should not be counted on by anyone. Price forecasts are alway, by necessity, guesses. I'm more of an investor than collector, but I like coins.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 155454, member: 3011"]I agree that it isn't necessary to have an attitude that collecting is likely to lose money in the end. But it takes a little different mindset than most pure collectors have. If you determine that your goal is to complete sets of coins paying current greysheet prices no matter what they are, it becomes tough to break even. If you determine to only buy what appears undervalued at the time and have the dicipline not to overpay, it becomes much easier [but you will probably never have a collection that will be admired by anyone]. I disagree that high grade coins can be counted on to double every 5-7 years [implying a 10-15% growth rate]. It is just as likely that anything that has rapidly increased in value over the past decade is now overpriced and will be financially unrewarding over the next decade at least. An alternative thought is that high grade coins have appreciated so much relative to their low grade counterparts that the gap is more likely to narrow than to continue to widen in the future. ...but please remember that this is only my opinion and should not be counted on by anyone. Price forecasts are alway, by necessity, guesses. I'm more of an investor than collector, but I like coins.[/QUOTE]
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