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Collecting coins is a suckers bet!!??
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<p>[QUOTE="Vess1, post: 656603, member: 13650"]Thank you. That is the statement that will sum up this whole discussion. It is possible but most of us are more likely to follow our wants and desires than buy with a profit oriented mindset. Which is ok. I don't have a problem with that. I don't want to. My enjoyment comes from owning pieces of history and not worrying about potential profits, real or imagined.</p><p> </p><p> Everything goes through phases. If something in your collection increases greatly, will you be willing to sell it at that point and realize the profit? Most will not. Most will hold and the prices will probably taper off again as something else becomes the hot new series to collect.</p><p> </p><p> Bottom line: **Dealers pay wholesale.** If you intend to eventually sell out to a dealer by choice or in desperation, you will have to sell at prices that were never going to be available to you to buy at and you will lose!! Every time. This shouldn't be a surprise anymore. </p><p> </p><p> Everyone needs to keep that in mind when buying from them and don't be afraid to walk away. The only way to 'potentially' even make your money back is to sell to other collectors. It's a game that I have no desire to play but I figure many things will increase in value by default, if not only for inflation. That doesn't necessarily mean you gained anything.[/QUOTE]</p><p><br /></p>
[QUOTE="Vess1, post: 656603, member: 13650"]Thank you. That is the statement that will sum up this whole discussion. It is possible but most of us are more likely to follow our wants and desires than buy with a profit oriented mindset. Which is ok. I don't have a problem with that. I don't want to. My enjoyment comes from owning pieces of history and not worrying about potential profits, real or imagined. Everything goes through phases. If something in your collection increases greatly, will you be willing to sell it at that point and realize the profit? Most will not. Most will hold and the prices will probably taper off again as something else becomes the hot new series to collect. Bottom line: **Dealers pay wholesale.** If you intend to eventually sell out to a dealer by choice or in desperation, you will have to sell at prices that were never going to be available to you to buy at and you will lose!! Every time. This shouldn't be a surprise anymore. Everyone needs to keep that in mind when buying from them and don't be afraid to walk away. The only way to 'potentially' even make your money back is to sell to other collectors. It's a game that I have no desire to play but I figure many things will increase in value by default, if not only for inflation. That doesn't necessarily mean you gained anything.[/QUOTE]
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