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<p>[QUOTE="fishwhacker, post: 1459375, member: 36529"]I do a lot some extremely profitable "investing" but it always involves quick flips. Knowledge is power and I have done well after putting hundreds of hours or more in to research that frankly others don't bother to do. The only long term investing I do is setting aside a coin or two (key dates or very limited population coins) from the larger lots I purchase.</p><p><br /></p><p>For instance, I purchased three slabbed 9/11 recovery coins and a 1 oz colorized ASE for 210$ I sold two of the recovery coins and the ase for a profit of about $100. I feel strongly that the 9/11 recovery coins will be worth some good cash when I am old and frail and since I was still making a profit I was more than comfortable with, I decided to hold onto the last one. Doing this, I will slowly but surely amass a very nice collection of handpicked coins I believe will only go up in value due to their inherit exclusiveness and my personal beliefs regarding where the silver price is going to be in 40 years.[/QUOTE]</p><p><br /></p>
[QUOTE="fishwhacker, post: 1459375, member: 36529"]I do a lot some extremely profitable "investing" but it always involves quick flips. Knowledge is power and I have done well after putting hundreds of hours or more in to research that frankly others don't bother to do. The only long term investing I do is setting aside a coin or two (key dates or very limited population coins) from the larger lots I purchase. For instance, I purchased three slabbed 9/11 recovery coins and a 1 oz colorized ASE for 210$ I sold two of the recovery coins and the ase for a profit of about $100. I feel strongly that the 9/11 recovery coins will be worth some good cash when I am old and frail and since I was still making a profit I was more than comfortable with, I decided to hold onto the last one. Doing this, I will slowly but surely amass a very nice collection of handpicked coins I believe will only go up in value due to their inherit exclusiveness and my personal beliefs regarding where the silver price is going to be in 40 years.[/QUOTE]
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