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<p>[QUOTE=&quot;medoraman, post: 1396055, member: 26302&quot;]My response to Smitty about coins as investments, I would have a few comments. One, while those books are fine, I find them written more from a dealer perspective. They say its for a collector, but those men have been around the industry do long that there are tons of things that they simply assume you know or know how to do. Therefor their advice may be good advice for advanced collectors, not so much newer ones. Second, the buy/sell spread Cloud talked about is simply huge. So huge that it prohibits most &quot;investing&quot; in numismatic coins from being profitable if bought and sold in the retail space. The only way to reliably make short term money, or have good long term results, is to buy like the dealers do at the same discount. Collectors posting how they collected for 30 years collectible coins and when they sold they sold for a cumulative loss are so common as to be boring. Our own Doug posts the same results. If good collectors collecting over a 30 year time frame end up at net losses, that is telling me that numismatic coins have a problem in the investibility area. My own collection of US coins, excluding bullion, may or may not be above water. I made some good buys over the years, but also many mistakes, (like most). I imagine if I sold them all to a dealer I would be a net loser, and would have to sell them direct to collectors to try to do better than break even. </p><p><br /></p><p>There is one thing I ask of collectors who wish to &quot;invest&quot; in coins. Buy a decent coin without problems for say $500. The next week go around at a coin show and see how much dealers will offer you. That opens a lot of people&#039;s eyes.</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>

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