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<p>[QUOTE="dougsmit, post: 3103742, member: 19463"]If your main interest in the coins is whether you will make a financial profit, I doubt you will be happy in the hobby. However, if you buy now and plan to sell in 50-80 years, you may find you could sell for a profit but don't want to because you realize that you don't need that money enough to send them down the river. If you want to make a profit on coins, study hard, become a dealer and replace Harlan Berk. If you want to enjoy a hobby and don't care as much for the money as for the coins, come play with us. We have members here who spend $100,000 on a single coin and others who will not spend that in a lifetime of collecting. Both can enjoy.</p><p><br /></p><p>BTW, I am rooting against your plans for profit. I would prefer the bottom fall out of the market and coins sell for a fraction of what they do today. Those who are in it for the money will dump their holdings to the dealers who did not jump off high buildings and I'll buy twice as many with the money I have for hobby use. I'm not planning on living to see you reach my current age and I know I can't take either modern money or ancient coins with me when I go. That being the case, I don't care if my collection is worth $100 or $100 million. You have to sell coins to 'profit' and I'm not in it for profit. </p><p><br /></p><p>I heard of an interesting survey taken by some psych school. They divided the online/electronic experience into sections like Social Media, Search Engines, Online Shopping and eMail. They asked people to tell how much cash they would take to give up these sections for one year. How much would you need to be bribed to give up all Social Media (that includes Facebook, Twitter and Coin Talk). I don't remember all the ranks but the average showed Internet search (all varieties as a group) was most expensive. What would you require to drop out of the coin hobby (buy, sell, read, study, Coin Talk, clubs, looking at your collection or even thinking - everything) for a year? 21 year olds might be cheaper than 101 year olds???[/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 3103742, member: 19463"]If your main interest in the coins is whether you will make a financial profit, I doubt you will be happy in the hobby. However, if you buy now and plan to sell in 50-80 years, you may find you could sell for a profit but don't want to because you realize that you don't need that money enough to send them down the river. If you want to make a profit on coins, study hard, become a dealer and replace Harlan Berk. If you want to enjoy a hobby and don't care as much for the money as for the coins, come play with us. We have members here who spend $100,000 on a single coin and others who will not spend that in a lifetime of collecting. Both can enjoy. BTW, I am rooting against your plans for profit. I would prefer the bottom fall out of the market and coins sell for a fraction of what they do today. Those who are in it for the money will dump their holdings to the dealers who did not jump off high buildings and I'll buy twice as many with the money I have for hobby use. I'm not planning on living to see you reach my current age and I know I can't take either modern money or ancient coins with me when I go. That being the case, I don't care if my collection is worth $100 or $100 million. You have to sell coins to 'profit' and I'm not in it for profit. I heard of an interesting survey taken by some psych school. They divided the online/electronic experience into sections like Social Media, Search Engines, Online Shopping and eMail. They asked people to tell how much cash they would take to give up these sections for one year. How much would you need to be bribed to give up all Social Media (that includes Facebook, Twitter and Coin Talk). I don't remember all the ranks but the average showed Internet search (all varieties as a group) was most expensive. What would you require to drop out of the coin hobby (buy, sell, read, study, Coin Talk, clubs, looking at your collection or even thinking - everything) for a year? 21 year olds might be cheaper than 101 year olds???[/QUOTE]
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