Message:

<p>[QUOTE=&quot;Leadfoot, post: 684653, member: 2972&quot;]Just to add to Mark&#039;s thoughts (and I&#039;m sorry if I am repeating myself, but I really think you are ignoring or not aware of this very important factor):</p><p><br /></p><p><b>Please also consider the transaction costs in the coin market.&nbsp; </b></p><p><br /></p><p>Said more bluntly, it&#039;s hard to make money when typical buy-sell spreads+ transaction costs are 25% or more.</p><p><br /></p><p>So the thougth Mark articulated in the preceeding post applies here too -- the odds are stacked badly against you. </p><p><br /></p><p>Don&#039;t believe me?&nbsp; Sell one of your new purchases (pick the one you like the least) and report back precisely what you find.&nbsp; I think your eyes will be opened -- I know mine were when I was in your shoes.</p><p><br /></p><p>The conclusion I drew from a very similar &quot;investment&quot; position is that coins are a terrible investment, and if you&#039;re going to try and speculate with coins, you have to do it with coins that you can buy/sell for very low spreads, and IMO that&#039;s non-numismatic gold (think raw Maple Leaf, Krugerrand, or in some cases AGEs) and the similar silver and platinum issues.&nbsp; Sure they have little numismatic appeal (although many are quite attractive, IMO), but if an investment is your goal, they are a MUCH better choice than their numismatic counterparts.</p><p><br /></p><p>Taking that one step farther, as a coin collector who does care about the value of my coins (i.e. I can&#039;t completely deny the fact that these are valuable items), I view many of my coin transactions as trying to <i>preserve </i>value rather than <i>create </i>it.&nbsp; Try and buy coins that are appealing for a price that is fair at a grade that is correct (or conservative) with the thought being if you limit your risk on the buy side, the sell side will take care of itself.&nbsp;&nbsp; I&#039;ve had some success and some failures on the sell side, but that&#039;s another topic for another day...</p><p><br /></p><p>Respectfully submitted and hoping to help...Mike[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in