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Buyer's of mint products ? Worth reading
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<p>[QUOTE="Rabone, post: 323009, member: 1515"]Yes, he does have a point. However, my point is to try and show how many (or percentage) of collectors today can afford the kind of coins he is talking about? When you take a total population of coins, and cull it down to a series that have 2000 or less graded coins, you are talking about ultra high dollar coins. My point is that the everyday "Joe" collector cannot, nor ever hope to, obtain these types of coins.</p><p><br /></p><p>My other point was to try and show that if you are collecting for profit, there is the chance that you can make a profit, and sometimes a very handsome profit, from modern Mint issues. Now, if you buy 5 of everything, yes, you are going to collect a lot of stuff that will never gain the kinds of profits I pointed out. But how many modern collectors thought to themselves in November of 2004... "Hmmmm, I think the uncirculated mint set is going to be a real deal, so I need to buy 10 more sets..."? Over 400% in 3 years is not too shabby.</p><p><br /></p><p>Said another way, you have to do some homework. And make educated decisions. And even then they can blow up in your face.[/QUOTE]</p><p><br /></p>
[QUOTE="Rabone, post: 323009, member: 1515"]Yes, he does have a point. However, my point is to try and show how many (or percentage) of collectors today can afford the kind of coins he is talking about? When you take a total population of coins, and cull it down to a series that have 2000 or less graded coins, you are talking about ultra high dollar coins. My point is that the everyday "Joe" collector cannot, nor ever hope to, obtain these types of coins. My other point was to try and show that if you are collecting for profit, there is the chance that you can make a profit, and sometimes a very handsome profit, from modern Mint issues. Now, if you buy 5 of everything, yes, you are going to collect a lot of stuff that will never gain the kinds of profits I pointed out. But how many modern collectors thought to themselves in November of 2004... "Hmmmm, I think the uncirculated mint set is going to be a real deal, so I need to buy 10 more sets..."? Over 400% in 3 years is not too shabby. Said another way, you have to do some homework. And make educated decisions. And even then they can blow up in your face.[/QUOTE]
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