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<p>[QUOTE="KTO, post: 1459016, member: 37914"]If you are interested in learning more, I recommend, <b>The Expert's Guide to Collecting & Investing in Rare Coins</b> by Q. David Bowers (Whitman Publishing). Although the book came out in 2005, I think it is still the best single book on the topic of the <u>potential</u> investment value of coin collecting. I underlined "potential" because very little (beyond death and taxes) is guaranteed in life. Dave Bowers is enthusiastic about the longer term potential return on investment of coin collecting, but even he constantly cautions the reader that this return may be realized only after years of holding higher quality items that will be in demand by future collectors.</p><p><br /></p><p>Personally, I agree with the other posts that coin collecting should best be approached as a hobby. If the coins I have increase in value over the years (relative to inflation)--great! If the coins I have remain steady in value over the years (relative to inflation)--well, it is better than a poke in the eye with a sharp stick. But I should enjoy whatever coins I have acquired for their own sake first and foremost. I do not depend (in financial planning terms) on my coin collection to appreciate enough in value so I can sell them to pay all my bills when I retire...and also because I probably would not want to sell my coins off anyway.[/QUOTE]</p><p><br /></p>
[QUOTE="KTO, post: 1459016, member: 37914"]If you are interested in learning more, I recommend, [B]The Expert's Guide to Collecting & Investing in Rare Coins[/B] by Q. David Bowers (Whitman Publishing). Although the book came out in 2005, I think it is still the best single book on the topic of the [U]potential[/U] investment value of coin collecting. I underlined "potential" because very little (beyond death and taxes) is guaranteed in life. Dave Bowers is enthusiastic about the longer term potential return on investment of coin collecting, but even he constantly cautions the reader that this return may be realized only after years of holding higher quality items that will be in demand by future collectors. Personally, I agree with the other posts that coin collecting should best be approached as a hobby. If the coins I have increase in value over the years (relative to inflation)--great! If the coins I have remain steady in value over the years (relative to inflation)--well, it is better than a poke in the eye with a sharp stick. But I should enjoy whatever coins I have acquired for their own sake first and foremost. I do not depend (in financial planning terms) on my coin collection to appreciate enough in value so I can sell them to pay all my bills when I retire...and also because I probably would not want to sell my coins off anyway.[/QUOTE]
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