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<p>[QUOTE=&quot;bhp3rd, post: 656559, member: 16510&quot;]<b>Yes but not in the way you may think.</b></p><p><br /></p><p>My question is, does anyone feel you <b>CAN</b> make money in coins OVER THE LONG RUN, and if you do, can you share a few tips as to how? </p><p><br /></p><p>. . . or should I/we not even try.</p><p><br /></p><p>&nbsp;</p><p><b>Yes but not in the way you may think.</b></p><p>&nbsp;</p><p><b>I do not think you can just buy coins with little knowledge and just because they are collector coins and worth more than face value end up making much money.</b></p><p>&nbsp;</p><p>It takes time and experience, patients and a lot of work.</p><p>&nbsp;</p><p>Here it is:&nbsp; you must know grading, markets, trends, key dates and semi-keys.&nbsp; If you study say a 12-S nickel historically and see what it has done in regards to price.&nbsp; Determine where it is right now and if it has room for correction.&nbsp; If so wait till it corrects some buy it right (wholesale) if possible and find a buyer.&nbsp; You could make a chart of dozens of other coins like this and do the same.</p><p>This scenario is rich with knowledge that must be gained over time and cultivated with a lot of effort.</p><p>The way I have made money is finding and buying gem type stuff that I knew looked good to me and pleased other customers - people come to me for quality, real quality.</p><p>The other way I have made money is in die varieties but it is few and far between on these but many have returned my investment 1000&#039;s of times over.</p><p>I believe for the most part making money in coins is like making money mowing yards - it&#039;s a job and if you work real hard at it you will make some money - there is no free lunch.</p><p>Other than that if you buy choice, nice &quot;rare&quot; coins that are graded properly and original and hold them for 20 years you will make some money, probably around 10% - there is no free lunch.</p><p>&nbsp;</p><p>There is one other thing in coin collecting that &quot;could&quot; happen and I have seen it happen a few times.&nbsp; It can and is a treasure hunt.&nbsp; In other words if you develop clients and work hard one day you may have a shot at a collection that has gems or die varieties in it where you are able to buy it right, (even pay the seller more than they ever would have gotten) and have the foresight or knowledge to know what you just bought or found is worth a fortune to the people you have worked to get to know and cultivate.&nbsp; Serendipity you might say and we (coin dealers, collectors) have the possibility of that every time we look at a group for sale.</p><p>&nbsp;</p><p>To make a long story short, (and I&#039;ll shut up in a second) it is really our knowledge and pleasure that is the payoff in coin collecting - that always exceeds 10% even a 100% - plus that&#039;s something that we can keep and share for free with others.&nbsp; The payback is in living![/QUOTE]</p><p><br /></p>

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