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<p>[QUOTE="susanlynn9, post: 24141, member: 1258"]As I told Tony in a PM, and I want to share these thoughts with the forum, there is a fine line between collecting and investing. I am not talking about investing in coins as the equivalent of a retirement fund or life insurance policy. Buying a coin today and finding out 2-3 years down the road that it has increased in value is a thrill. This does not mean that the coin will be or should be sold. It's just part of the enjoyment of the hobby. The chances of the increase in value being more than a very small percentage are slim. But there are a lot of collectibles that can plummet in value; coin collections tend to hold their value or show a slight increase as years go by. </p><p><br /></p><p>I am 100 percent against investment in coins as part of a financial plan for life. I simply do not believe that relying on the increase in value and then the need to find an honest dealer or find a way to sell them yourself is a stable plan. ND is absolutely correct. This is a business that caters to hobby customers. I am new enough at this business to know that I have a lot to learn, but have been in it long enough to also know that it requires a tremendous amount of work to succeed. This is not a business for someone who is looking for a "get rich quick" scheme. For anyone who has a love of the hobby and a respect for the collectors, this is simply not possible. JMHO <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="susanlynn9, post: 24141, member: 1258"]As I told Tony in a PM, and I want to share these thoughts with the forum, there is a fine line between collecting and investing. I am not talking about investing in coins as the equivalent of a retirement fund or life insurance policy. Buying a coin today and finding out 2-3 years down the road that it has increased in value is a thrill. This does not mean that the coin will be or should be sold. It's just part of the enjoyment of the hobby. The chances of the increase in value being more than a very small percentage are slim. But there are a lot of collectibles that can plummet in value; coin collections tend to hold their value or show a slight increase as years go by. I am 100 percent against investment in coins as part of a financial plan for life. I simply do not believe that relying on the increase in value and then the need to find an honest dealer or find a way to sell them yourself is a stable plan. ND is absolutely correct. This is a business that caters to hobby customers. I am new enough at this business to know that I have a lot to learn, but have been in it long enough to also know that it requires a tremendous amount of work to succeed. This is not a business for someone who is looking for a "get rich quick" scheme. For anyone who has a love of the hobby and a respect for the collectors, this is simply not possible. JMHO :)[/QUOTE]
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