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<p>[QUOTE="rld14, post: 472969, member: 16133"]I'd say that the first thing is to identify what you like and collect that assuming that you are collecting coins because you like collecting coins.</p><p><br /></p><p>That being said, if investment and future appreciation is a concern, you might want to look at things a bit differently.</p><p><br /></p><p>I have a few valuable collectible items, one of which is a philatelic item that I grossly overpaid for, far beyond reason. As an investment it was a reckless and foolish purchase. As an item for my collection it's a key piece and one that I might not get a chance to purchase again in my lifetime.</p><p><br /></p><p>And then I paid too much for an antique car in 1996... turns out that was a MUCH better investment than I could have dreamed of. And I have another that owes me triple its' actual worth!</p><p><br /></p><p>But the difference is, both of those items were not purchased for their investment value. If I was buying stamps as an investment, I'd be buying PF certified high grade mint 19th century stamps. As a collector, I have no interest in those.</p><p><br /></p><p>I strongly suggest that you decide what you are trying to accomplish, and there is absolutely no right or wrong answer! Is it your goal to buy some nice coins with an eye towards future appreciation? That's great, you can't hold a Roth IRA in your hand and gaze at its' luster. Is it your goal to collect a specific set of coins and purchase rare varieties? Nothing wrong with that either, hang around here for a little while, someone will post pictures of a coin with serious problems (Holed, bent, etc) that they are thrilled to own because it shows a very rare die variety. Probably a bad "investment' but a fantastic piece for a collector.</p><p><br /></p><p>And you don't have to make a decision today or ever, some people just accumulate coins and buy whatever tickles their fancy but I do suggest establishing some base line goals.[/QUOTE]</p><p><br /></p>
[QUOTE="rld14, post: 472969, member: 16133"]I'd say that the first thing is to identify what you like and collect that assuming that you are collecting coins because you like collecting coins. That being said, if investment and future appreciation is a concern, you might want to look at things a bit differently. I have a few valuable collectible items, one of which is a philatelic item that I grossly overpaid for, far beyond reason. As an investment it was a reckless and foolish purchase. As an item for my collection it's a key piece and one that I might not get a chance to purchase again in my lifetime. And then I paid too much for an antique car in 1996... turns out that was a MUCH better investment than I could have dreamed of. And I have another that owes me triple its' actual worth! But the difference is, both of those items were not purchased for their investment value. If I was buying stamps as an investment, I'd be buying PF certified high grade mint 19th century stamps. As a collector, I have no interest in those. I strongly suggest that you decide what you are trying to accomplish, and there is absolutely no right or wrong answer! Is it your goal to buy some nice coins with an eye towards future appreciation? That's great, you can't hold a Roth IRA in your hand and gaze at its' luster. Is it your goal to collect a specific set of coins and purchase rare varieties? Nothing wrong with that either, hang around here for a little while, someone will post pictures of a coin with serious problems (Holed, bent, etc) that they are thrilled to own because it shows a very rare die variety. Probably a bad "investment' but a fantastic piece for a collector. And you don't have to make a decision today or ever, some people just accumulate coins and buy whatever tickles their fancy but I do suggest establishing some base line goals.[/QUOTE]
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