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<p>[QUOTE=&quot;medoraman, post: 1462080, member: 26302&quot;]I think he misread my comments, but I could have been to blame. </p><p><br /></p><p>Listen, quite a few things are going on. One is some collectors morph into psuedo dealers, buying coins for a price not strictly for the love of collecting. I believe a lot of those who strongly object to my position on &quot;investing&quot; in coins are in this camp. If you are very knowledgable, and buy for resale possibility more than to hold forever, you really are more a dealer, and as such my advice does not apply. I am talking about collectors, who have the bad habit of falling in &quot;love&quot; with coins and &quot;needing&quot; them regardless of price.</p><p><br /></p><p>I am simply saying if you are a collector, the buy/sell spread is huge, coins can be fairly illiquid, and most of the time you are better off investing in &quot;investments&quot; rather than coins. I know many collectors who collect GOOD coins, are knowledable, and are lucky to break even over 20-30 years of collecting. In the same period most other investments have gone up 5 fold or more. Dealers have to make money, and they do so buy collectors paying more than dealers will buy for. Simply economics.</p><p><br /></p><p>I simply caution against coins as investments since it is pitched so often on higher priced coins by dealers. They do it to me, if I pick up a coin worth over $1000 they start talking investment returns, etc. This is a hobby. Spend money on a hobby you don&#039;t NEED, and invest in better types of investments. That is my position, and if it upsets anyone then I am sorry. I am simply seen too many trends of ups and downs, and too many people investing life savings buying overpriced goods they will never see their money back on. I would hate to see even one person have this happen to them if I ever advocated collectible coins as good retirement plans. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie3" alt=":(" unselectable="on" unselectable="on" /></p><p><br /></p><p>Chris</p><p><br /></p><p>P.S. Now frame this discussion differently, and discuss the advantages of coin collecting versus most other hobbies, and I will be the first to say we have a huge advantage in that we do have a high residual value if we ever need to sell versus most other hobbies. I love the fact coin collecting is much better this way than boating, car racing, drinking, mountain climbing, etc. We do have a financial advantage over those hobbies, I simply do not feel we have an advantage over true investments with tiny little investment fees associated with them. Can you get lucky with a coin and outperform a good bond? Heck yeah, but I challenge a normal collector to ever think his entire collection can do so.[/QUOTE]</p><p><br /></p>

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