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<p>[QUOTE="cladking, post: 1295056, member: 68"]I've probably done as well investing in coins as anybody and would advise against it. It requires mostly luck to do well and it limits what you can collect and enjoy. Many series I never started because I considered them bad investments. </p><p><br /></p><p>It might well be a good idea to try to learn to enjoy something that's up and coming but try not to think of it as investing. Try to think of it as a collection and if it does well all the better. </p><p><br /></p><p>The problem with collectibles is that you need spectacular gains to do very well. This goes many times over if you collect low risk (think cheap) items. If you don't have quantities of things that go up 20 or 100 fold then you can't win. If you go with higher risk items (think expensive) then the spread eats you up and your mistakes can kill you. </p><p><br /></p><p>Collectors can amass fantastic collections by just knowing the markets and picking up bargains to trade for needed coins. Collectors might make a good deal of money on high risk coins. </p><p><br /></p><p>Up and comers might include things like tokens issued by large manufacturers or computer companies. There are still lots of world coins that are grossly underappreciated but there's no time left to find them. Things like sales tax tokens are going to be appreciated someday but then none of us may live long enough to see it. I sure wouldn't mind being able to upgrade my set to all gems. Heck, just all uncs would be nice. Almost everything made since the 1930's is very cheap, very scarce, and has had very high attrition. </p><p><br /></p><p>But, just remember that collectibles are a terrible investment and very very few win. Most people are lucky to break even. There can be a great deal of enjoyment and a great deal of learning that doesn't require a large cost. Enjoy the hobby and invest in traditional investments like spreads or straddles on derivatives of Chinese interest rates. Better yet figure out some industry or process that will grow and invest in it. Suit your investments to yourself and your own needs and avoid putting investment money in any collectible. </p><p><br /></p><p>Good luck.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 1295056, member: 68"]I've probably done as well investing in coins as anybody and would advise against it. It requires mostly luck to do well and it limits what you can collect and enjoy. Many series I never started because I considered them bad investments. It might well be a good idea to try to learn to enjoy something that's up and coming but try not to think of it as investing. Try to think of it as a collection and if it does well all the better. The problem with collectibles is that you need spectacular gains to do very well. This goes many times over if you collect low risk (think cheap) items. If you don't have quantities of things that go up 20 or 100 fold then you can't win. If you go with higher risk items (think expensive) then the spread eats you up and your mistakes can kill you. Collectors can amass fantastic collections by just knowing the markets and picking up bargains to trade for needed coins. Collectors might make a good deal of money on high risk coins. Up and comers might include things like tokens issued by large manufacturers or computer companies. There are still lots of world coins that are grossly underappreciated but there's no time left to find them. Things like sales tax tokens are going to be appreciated someday but then none of us may live long enough to see it. I sure wouldn't mind being able to upgrade my set to all gems. Heck, just all uncs would be nice. Almost everything made since the 1930's is very cheap, very scarce, and has had very high attrition. But, just remember that collectibles are a terrible investment and very very few win. Most people are lucky to break even. There can be a great deal of enjoyment and a great deal of learning that doesn't require a large cost. Enjoy the hobby and invest in traditional investments like spreads or straddles on derivatives of Chinese interest rates. Better yet figure out some industry or process that will grow and invest in it. Suit your investments to yourself and your own needs and avoid putting investment money in any collectible. Good luck.[/QUOTE]
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