Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Ancient Coins
>
Building a Collection?
>
Reply to Thread
Message:
<p>[QUOTE="dougsmit, post: 8005627, member: 19463"]I agree with your 'plan' except for the part about popularity amongst collectors. I really suggest buying coins that you find appealing and not what anyone else tells you is the 'in' thing. Fads change. New finds make things available for a while and hard to find later. They also can cause prices to drop if there are more (especially low grade) examples than the market can absorb. While there are 'day traders' who make money buying and selling, you don't here as much from those who buy high and sell low. This makes no difference if you only buy coins you like.</p><p><br /></p><p>I greatly admire Ancient Joe's magnificent collection but have no use for the artificial limiting of collection size. I also miss how buying only a few $10,000 coins protects you from overspending. Ancient Joe and I have one thing in common. We each have 200 coins for which it would be easy to find buyers in the market. The difference is that I have another 3000 that would not be as 'adoptable'. If we each continue collecting for the rest of our lives it will not matter to us whether our coins are popular or not. Don't spend money on entertainment that you need for life. Coins are entertainment. </p><p><br /></p><p><br /></p><p><br /></p><p>I believe this is the correct answer. Collect generally. IF you are meant to specialize, ou will discover that a lot of your purchases have something in common. You do not have to seek out a specialty. Specialties have a way of finding you.[/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 8005627, member: 19463"]I agree with your 'plan' except for the part about popularity amongst collectors. I really suggest buying coins that you find appealing and not what anyone else tells you is the 'in' thing. Fads change. New finds make things available for a while and hard to find later. They also can cause prices to drop if there are more (especially low grade) examples than the market can absorb. While there are 'day traders' who make money buying and selling, you don't here as much from those who buy high and sell low. This makes no difference if you only buy coins you like. I greatly admire Ancient Joe's magnificent collection but have no use for the artificial limiting of collection size. I also miss how buying only a few $10,000 coins protects you from overspending. Ancient Joe and I have one thing in common. We each have 200 coins for which it would be easy to find buyers in the market. The difference is that I have another 3000 that would not be as 'adoptable'. If we each continue collecting for the rest of our lives it will not matter to us whether our coins are popular or not. Don't spend money on entertainment that you need for life. Coins are entertainment. I believe this is the correct answer. Collect generally. IF you are meant to specialize, ou will discover that a lot of your purchases have something in common. You do not have to seek out a specialty. Specialties have a way of finding you.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Ancient Coins
>
Building a Collection?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...