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<p>[QUOTE=&quot;Conder101, post: 263213, member: 66&quot;]Normally I am a &quot;Coins are not a good investment&quot; type of person, but I do find this coin investment club idea interesting.&nbsp; I do think that are a LOT f potential questions and problems that have not been discussed or considered here yet, but I think I maybe interested in the group.&nbsp; On the other hand I do feel that this forum may not be the proper plac e for the discussion, or at least not the US coin forum.&nbsp; This either needs its own forum here (Possibly a private opt-in forum if the software here supports that), or it needs to move off this site to one of its own.</p><p><br /></p><p>Some have said that they don&#039;t mind risking $50.&nbsp; SOmething they need to consider is that in order for this to truly work well we are not taking about a one time $50 contribution.&nbsp; We would be talking $50 per month.&nbsp; Think about it.&nbsp; Ten people with just $50 each and you have $500.&nbsp; You are not going to be able to do much with that.&nbsp; But at $50 month in one year the club has $6000 to work with.&nbsp; After two years $12,000.&nbsp; If we get 20 mebers double those figures.&nbsp; But is something goes wrong your exposure is a lot more than $50.&nbsp; Just remember that.</p><p><br /></p><p>Other things that need to be discussed.&nbsp; Who makes the purchases?&nbsp; Where are the coins and the club funds stored?&nbsp; If a coin is sold how are the proceeds distributed?&nbsp; Especially if not all of the members join at the same time.&nbsp; Is it a collective club where all have claim to all coins even if they were purcahsed before they joined? or do you only have a right to claim profits from coins purchased after you joined?&nbsp; Are any of the members dealers?&nbsp; We may have to be careful about a conflict of interest problem.&nbsp; On the other hand&nbsp; having a dealer or two onboard may give the rest of us a better understanding of the problems of markups an or buyer/seller premiums if we get large enouh that some of the clubs properties are marketed via auction.</p><p><br /></p><p>The idea of doing this just on paper for awhile as a theoretical exercise has its merit.&nbsp; But it would be time consuming and I doubt that many embers would be willing to put u with the delay.&nbsp; Another problem with the paper version is that it makes it more difficult to factor in things ike mark ups or dealers buying back of the sheet price etc.</p><p><br /></p><p>Like I said I&#039;m interested, let&#039;s talk.[/QUOTE]</p><p><br /></p>

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