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<p>[QUOTE="satootoko, post: 17293, member: 669"]Depends on what you mean by "long term". If you mean "with a reasonable expectation of substantial resale value increase over the years" the answer would be very different than if you mean "with a liklihood of giving me continuing enjoyment from looking at and possessing them over a period of many years".</p><p><br /></p><p>Collecting coins is my hobby - investing my assets is the work I do to support my family since retiring from a "real job". </p><p><br /></p><p>I don't believe in mixing the two, so I have never spent a solitary cent on coins that I could not have simply thrown away without impacting my standard of living, my long term expectations for my standard of living, or my Beautiful Bride's standard of living if I go first. My kids are doing well, and I'm not worried about the size of their inheritance. Therefore I am free to "buy" any coin that I expect to enjoy having, without considering whether I am "investing" wisely. </p><p><br /></p><p>I have friends who consider their coin collection as part of their investment portfolio. They make different choices than I would. I don't consider my way, or theirs, to be "better" in an abstract sense. Mine is "better" for a person of my temperament and means, theirs is "better" for folks of their temperament and means.</p><p><br /></p><p>As a very wise person once said, "If everybody liked the same thing, everyone would want <i>my</i> wife."[/QUOTE]</p><p><br /></p>
[QUOTE="satootoko, post: 17293, member: 669"]Depends on what you mean by "long term". If you mean "with a reasonable expectation of substantial resale value increase over the years" the answer would be very different than if you mean "with a liklihood of giving me continuing enjoyment from looking at and possessing them over a period of many years". Collecting coins is my hobby - investing my assets is the work I do to support my family since retiring from a "real job". I don't believe in mixing the two, so I have never spent a solitary cent on coins that I could not have simply thrown away without impacting my standard of living, my long term expectations for my standard of living, or my Beautiful Bride's standard of living if I go first. My kids are doing well, and I'm not worried about the size of their inheritance. Therefore I am free to "buy" any coin that I expect to enjoy having, without considering whether I am "investing" wisely. I have friends who consider their coin collection as part of their investment portfolio. They make different choices than I would. I don't consider my way, or theirs, to be "better" in an abstract sense. Mine is "better" for a person of my temperament and means, theirs is "better" for folks of their temperament and means. As a very wise person once said, "If everybody liked the same thing, everyone would want [I]my[/I] wife."[/QUOTE]
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