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<p>[QUOTE=&quot;mikem2000, post: 1763062, member: 30574&quot;]This really does nothing to answer the question though. The part about buying low and selling high is obvious but there are many issue&#039;s The first one being the huge &quot;vig&quot; on coins. That is usually a tough nut to crack right out of the box.</p><p>&nbsp;</p><p>Next you have the cost of storage and insurance you will need to over come. This will eat away at your profits every year. Instead of this invesmtnet paying you interest, you need to pay for the privilage of having it.</p><p>&nbsp;</p><p>The third ties into the second, if you don&#039;t deal with number 2 properly, than you have a very real threat of theft to deal which can kill your entire envestment. BTW if anyone &quot;pulls their gun out&quot; at this point you are just fooling yourself.</p><p>&nbsp;</p><p>Fourth, you need to contend with ripoff at both ends, both buying and selling. Buying even a single counterfeit coin in the 4 digit range can cause a loss that may be impossible to overcome due to the other factors and overall low return rate. Also there should be no one who thinks they are above being duped by a counterfeit, arrogance like that will cost you money. You can greatly reduce your chances by following good practices but you cannot eliminate them.</p><p>&nbsp;</p><p>The fifth point is what Doug touched on, selling and buying at the right time. Who really knows? Difficult at best. You are subject to the unpredictable whims of collectors. Now even if you do things right on the buying side, you may be forced to sell at the wrong time due to unforseen circumstances. It happens and it happens a lot.</p><p>&nbsp;</p><p>The sixth point is taxes. Any profit made on coins is treated very harshly by the IRS. There is no LT Capital Gains for coins. More money coming out of your pocket</p><p>&nbsp;</p><p>Now to tie this all in as to why the post did not address the OP&#039;s question. Even if all was done correctly and executed flawlessly AND money was made, this certainly does not answer if it was a good investment or not. So money was made. Big deal. How much? Did you make money after costs? Did you beat inflation? How did the coin investment compare to other investments during the same time period? These are the type of questions that need to be adressed to determine the investment value of coins, not the overly simplistic, Did you make Money?</p><p>&nbsp;</p><p>When you view the entire enchilada, it semes clear that if invesment is you goal, coins should not be your thing.[/QUOTE]</p><p><br /></p>

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