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Best Coin to collect: Investment wise
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<p>[QUOTE="RedTiger, post: 757671, member: 19098"]Collectors that do well financially tend to share certain traits. They have a great eye for grading, they have good contacts so as to get access to quality coins at competitive prices, they truly love the hobby and spend endless hours on it.</p><p><br /></p><p>There is a much larger group that loses money on their coins. They too tend to share certain traits. They tend to buy coins for investment. They usually don't know how to grade, don't want to learn. They have limited contacts, often buying from a single source at above market prices. </p><p><br /></p><p>So the answer in terms of buying typical coins at full retail prices, is NONE. A collector will do well to break even after 5 years or more, if they buy at retail, sell at wholesale. A person needs an edge in terms of grading skill, or contacts, or market knowledge to do much better than that.[/QUOTE]</p><p><br /></p>
[QUOTE="RedTiger, post: 757671, member: 19098"]Collectors that do well financially tend to share certain traits. They have a great eye for grading, they have good contacts so as to get access to quality coins at competitive prices, they truly love the hobby and spend endless hours on it. There is a much larger group that loses money on their coins. They too tend to share certain traits. They tend to buy coins for investment. They usually don't know how to grade, don't want to learn. They have limited contacts, often buying from a single source at above market prices. So the answer in terms of buying typical coins at full retail prices, is NONE. A collector will do well to break even after 5 years or more, if they buy at retail, sell at wholesale. A person needs an edge in terms of grading skill, or contacts, or market knowledge to do much better than that.[/QUOTE]
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Best Coin to collect: Investment wise
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