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<p>[QUOTE=&quot;GDJMSP, post: 181414, member: 112&quot;]countrydanny - </p><p><br /></p><p>You have experienced what a great many who collect modern coins go through. It&#039;s not unusual, in fact it is to be expected if one has an understanding of the coin market and numismatic community. Unfortunately, that is not something that most beginners have. As a matter of fact, there are many who consider&nbsp; themsleves experienced collectors that don&#039;t have it either. But in simplest terms there are two basic segments of collectors, those who collect modern coins and those who don&#039;t or rather won&#039;t. </p><p><br /></p><p>Those who do collect them, and pay rather high prices for them are typically newer collectors who have not been in the hobby for very long. They see all the ads for coins in high grade slabs that are being offered for outrageous prices and think to themselevs that this is something I can make money on. Then go check the popular price guides to see if it is true. Sure enough, many of the price guides say it is true, so they go out and buy these coins, spending large sums, but yet sums that are under those listed in the price guides - all the while thinking to themselves what a great deal they got and how much money they can make.</p><p><br /></p><p>But when they go to sell them at a coin show or a dealer&#039;s shop, they are offered a fraction of what they paid or sometimes there is no offer at all. And then they wonder - why ? What they don&#039;t realize is that the only people buying these coins at the same prices they are paying - are people just like them, typcially beginners. Now there are exceptions, there are those who play the registry game and some of them are very knowledgeable collectors and some will pay outrageous prices for coins in slabs with ultra high grades. But there are only so many of those people and they only pay the prices to score points because scoring the points is all that is important to them - they don&#039;t really care about the coins.</p><p><br /></p><p>But to most people who have been in the hobby for decades, and that includes most coin dealers, those very same coins that you bought for hundreds or even thousands of dollars are not worth the plastic slab wrapped around them. To them, that PF70 DCAM quarter is worth a quarter - or that PF70 DCAM American Silver Eagle is worth its bullion content, about $12. </p><p><br /></p><p>And that is why when you try to sell the coins at a coin show or dealer&#039;s shop that is all that is offered, if offered at all. And that is why those people at the show and at the shops tell you to collect older coins, coins that truly have numismatic value, have had those values for many years and will have them for many years to come. To them, the modern coins and bullion coins are nothing but pocket change or chunks of bullion.</p><p><br /></p><p>Now yes, you can sell those coins of yours on eBay or one of the other on-line auction sites. And you will probably get somewhat close to what you paid for them. But the buyer will likely be someone just like you, thinking just like you did when you bought them. And it is those people who perpetuate this segement of the coin market. And at this point in time, those people may very well outnumber the other segment, those at the coin shows and in the coin shops,&nbsp; who would not touch those coins with a ten foot pole; unless of course they already had another beginner waiting to buy them. Then they will touch them, but only because they know they have a fast source of profit. Other than that - forget about it.</p><p><br /></p><p>And these coin dealers, long time collectors and people at the coin shows are this way because they have seen it all before. They have seen the cycles where beginners or investors flood into the coin market, buying everything in sight at outrageous prices - and they have seen the cycles end. They have seen the prices drop like a hot rock from a cold hand. And they have watched those beginners and investors lose thousands and thousands of dollars, never to be recovered. </p><p><br /></p><p>And that&#039;s why those old time collectors will tell you to collect what you like because you like it - not what you think you can make money on.[/QUOTE]</p><p><br /></p>

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