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<p>[QUOTE=&quot;Smitty, post: 1395474, member: 35044&quot;]Yep, that&#039;s a possibility. I haven&#039;t reached that point of consensus yet though.</p><p><br /></p><p>Coin&nbsp; forums seem to be universally negative on coin investing. But you&#039;ve&nbsp; been around the stock market long enough to understand how many&nbsp; &quot;universal truths&quot; are complete myths. Likewise, most other fields have&nbsp; the same problem, so I have my doubts as to whether coin investment is devoid of this issue.&nbsp; Therefore, I need to give it a thorough going-over before I come to a&nbsp; conclusion.</p><p><br /></p><p>&nbsp;I&#039;ve learned a ton in the last few months, mainly by&nbsp; reading Ganz, Bowers (my God, this guy can go off on tangents) and&nbsp; Travers&#039; books, comparing auction results (I joined Teletrade, Heritage&nbsp; and Lawrence), comparing blue books from different years, reading the US&nbsp; Coin Values Web site, PCGS and NGC price guide auction results, and&nbsp; learning how to pick the best of two coins within the same grade, and so far I&#039;m not convinced that &quot;coins&quot;, in their totality, are a bad investment.</p><p><br /></p><p>To me, it looks a lot like&nbsp; the stock market ... some dogs, some good &#039;uns. And like the stock&nbsp; market, there seems to be several ways you can play it. One thing I have&nbsp; noticed as an advantage to coins over the stock market is that whereas&nbsp; all Apple stock is priced the same, all 1927-S Standing Liberty quarters&nbsp; (or whatever) of the same quality are not. Occasionally you can pick up&nbsp; a real bargain. Something substantially below any recent auction price.&nbsp; I don&#039;t know why these get overlooked, but they do. While I&#039;m getting&nbsp; my feet wet I&#039;ve picked up a few of these cheaper finds. </p><p><br /></p><p>Another&nbsp; interesting, but statistically-insignificant sample is how the coin&nbsp; market reacted to the high inflation of the late 70&#039;s. Expected future&nbsp; inflation is one of the reasons I started looking into coins as an&nbsp; investment. Coins did very well. Stocks did not.</p><p><br /></p><p>I figure I&#039;ve got a couple more months of study to devote to this.[/QUOTE]</p><p><br /></p>

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