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<p>[QUOTE=&quot;Mr. Coin Lover, post: 666899, member: 16060&quot;]Perhaps I&#039;m wrong about this, and don&#039;t see it as often as I&#039;m thinking I do.&nbsp; Also I certainly don&#039;t mean to upset anyone, just posting my thoughts on something.</p><p><br /></p><p>It seems a lot of the newer members are trying to turn Coin Talk members into coin investment counselors. Members with no experience (or very little) posting threads outright concerning what coins to buy for investments, how much money can be made, how long requiring to be held, and etc.</p><p><br /></p><p>The &quot;regulars&quot; here basically fall into these categories: coin collectors, coin dealers, coin collectors/dealers, and coin dealer wannabes.&nbsp; The majority of the people here that sell coins here do this also as part of their hobby, not full time dealers. </p><p><br /></p><p>In my opinion collectively there is no place to go where there is more knowledge regarding this hobby than Coin Talk.&nbsp; Along with that many are the nicest people one could come to know.&nbsp; This is not to say there are nor disagreements that often get heated, but at the end everyone moves on and hopefully knowledge is shared and learned.</p><p><br /></p><p>After saying all this maybe we have given some new members the wrong impression. You can&#039;t simply join this site, post a thread about what coins to buy, and retire rich on the coin investments.</p><p><br /></p><p>First, no member here wants to purchase a coin and see their purchase go down in value. Everyone including myself expects their coins to increase some in value over time.&nbsp; At the same time the majority of the coins people purchase they do so because they want to have as part of their collection, not as an investment. Simply put they like the coin.</p><p><br /></p><p>If all the knowledge about the collection of coins could be translated into being a coin investor I can assure you their would be many very wealthy people here, but I don&#039;t think that is the case. Very knowldgeable people will give their opinions on these type of questions, and often disagree with poster just before them.&nbsp; These are opinions in a discussion, not investment advice.</p><p><br /></p><p>When &quot;sleepers&quot; or &quot;overlooked series&quot; threads come up, again these are opinions and not investment advice.&nbsp; Again these opinions vary a lot from one person to another.&nbsp; Usually they are coins the poster is collecting, and may feel strongly about it while the next poster totally disagrees and lists something else.&nbsp; I doubt very seriously any poster expects anyone to make investment decisions regarding their posts.</p><p><br /></p><p>The year 2009 may&nbsp; partially be to blame for part of this also.&nbsp; In the first half of the year there was a tremendous amount of discussion about all the money being made on the &#039;09 Lincoln Cent, dime, and nickel.&nbsp; Okay so a member made two or three hundred dollars off some of the &#039;09 cents or dimes it sounds great, and maybe the impreesion was taken as we are all a bunch of buyers and sellers.&nbsp; If you read these closely the sellers that were selling a few rolls or dimes were just as amazed as anyone else what some people would pay to own these items immediatley. </p><p><br /></p><p>Can a person make money investing in coins?&nbsp; Certainly, but I think it is usually with very high end rare coins that cost thousands to begin with, or some short term fad that comes along once in awhile.&nbsp; I don&#039;t think the short term fad to &quot;flip&quot; quickly falls into the investment category in the first place.</p><p><br /></p><p>I&#039;ll sum this up with some of the comments I have learned here from many people I have come to enjoy, respect and admire:</p><p><br /></p><p>1.&nbsp; Buy the book before the coin.&nbsp; What this boils down to is take the time to learn. This should be an enjoyable part of the hobby.</p><p><br /></p><p>2.&nbsp; Only buy a coin you like because you may have to keep for several years.&nbsp; Also here would be very knowledgeable members postiing many times making money in coins is very difficult.</p><p><br /></p><p>3.&nbsp; Buy the coin, not the slab.&nbsp; But, if you have no knowledge yourself then you will have to depend on the TPG companies. Also in this category that not all coins in the same grade are created equal. To sum this one up if you just depend on TPG companies you will lose.</p><p><br /></p><p>4.&nbsp; &quot;IMO&quot; or IMHO&quot;. That is what they are intended by the poster, nothing more or less.&nbsp; Certainly not to be taken as investment advice. </p><p><br /></p><p>Again, my intention is not to upset anyone whether they be a new member or old. It is just something I think needs to be mentioned about the hobby and Coin Talk itself.&nbsp; I&#039;m a little hesitant to even post this, but here goes.[/QUOTE]</p><p><br /></p>

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