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<p>[QUOTE="Aberlight, post: 415321, member: 6510"]Exactly. I have a number of coins that I may have overpaid for them, but I spent a while looking for something particular and do not have plans to sell them. Overpaying compared to a price guide doesn't bother me when the right coin comes along. In addition I watch many others and attempt to snipe especially on holidays and these usually are always profitable, which helps to off set my expense in buying and keeping what I really want.</p><p><br /></p><p>Avoid impulse buys, stick with your instinct, and be willing to pay up when the right coin comes along and you will have a collection that you enjoy. As far as investing in coins...if someday when I sell the coins are profitable then great, but I will leave the investment side of my wealth to Income paying stocks and bonds. The coin market is volatile and some dealers will say if you look back far enough then they are a good investment, but then again they are trying to sell you a coin.</p><p><br /></p><p>Edited to add: When people buy coins at market price just to have an example with the intent on someday upgrading there is a lot of room to lose money. If you are collecting then choose wait to until the right coin comes along. I have spent 5 years and picked up 3 of 5 pattern pieces that I have always wanted. If you think coins are volatile, patterns are even more so.[/QUOTE]</p><p><br /></p>
[QUOTE="Aberlight, post: 415321, member: 6510"]Exactly. I have a number of coins that I may have overpaid for them, but I spent a while looking for something particular and do not have plans to sell them. Overpaying compared to a price guide doesn't bother me when the right coin comes along. In addition I watch many others and attempt to snipe especially on holidays and these usually are always profitable, which helps to off set my expense in buying and keeping what I really want. Avoid impulse buys, stick with your instinct, and be willing to pay up when the right coin comes along and you will have a collection that you enjoy. As far as investing in coins...if someday when I sell the coins are profitable then great, but I will leave the investment side of my wealth to Income paying stocks and bonds. The coin market is volatile and some dealers will say if you look back far enough then they are a good investment, but then again they are trying to sell you a coin. Edited to add: When people buy coins at market price just to have an example with the intent on someday upgrading there is a lot of room to lose money. If you are collecting then choose wait to until the right coin comes along. I have spent 5 years and picked up 3 of 5 pattern pieces that I have always wanted. If you think coins are volatile, patterns are even more so.[/QUOTE]
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