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<p>[QUOTE=&quot;GDJMSP, post: 2842508, member: 112&quot;]I was probably the first person on this forum to ever post that collecting coins as an investment was a very bad idea. It always has been and it always will be. History has proven time and time again that 95% or more of collectors lose money when their collections are sold.</p><p><br /></p><p>And it doesn&#039;t have a whole lot to do with how knowledgeable you are about coins either. Sure, it helps, but you can be very knowledgeable and still lose money.</p><p><br /></p><p>That said, you can make money, show a profit, on your collection. But to do so you have to do 5 things right. And you must do all 5 of them right, get even 1 wrong and you will lose money. These are the 5 things - </p><p><br /></p><p>1 - buy the right coin</p><p>2 - buy at the right price</p><p>3 - buy at the right time</p><p>4 - sell at the right price</p><p>5 - sell at the right time</p><p><br /></p><p>It&#039;s a short list and seems to be quite simple and easily accomplished. But I can assure you it is not. And the fact that it is not is borne out by the results that history has shown us over and over and over again.</p><p><br /></p><p>There is only one reason that one should collect coins, because you like them. Do it for any other reason and you will almost certainly be disappointed.[/QUOTE]</p><p><br /></p>

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