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Do you take Inflation into account?
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<p>[QUOTE="bhp3rd, post: 696530, member: 16510"]<b>Great topic but I really don't quite see it that way.</b></p><p><br /></p><p><br /></p><p> </p><p>Great topic but I really don't quite see it that way. 2 caveots though first.</p><p>In really big investments it certaily does make a differents - I don't make really big investments in anything except enjoyment.</p><p>The second is yes it may be that $100 is only worth $25 today as compared to 1975, (although I would at least hope it would be $35 or close to 1/3rd).</p><p> </p><p>Somethings go up but many go down so will that be factored in? - a TV or computer is a fraction of the costs were just a few years ago.</p><p>If you are the type that's really into making up your dollars today as compared to years ago coin collecting is probably not the hobby for you unless you are buying coins over $10,000 on a regular basis - I'm glad that's not me but maybe you wish it were you. If so go for it.</p><p>Time and time again on here I don't hesitate to mention that all this "coin stuff" is valuble in enjoyment, education, meeting folks and I find it very hard indeed to place a value on that.</p><p>I mean "just how would you place your lifes satisfaction over 30 years on a scale of monetary inflation"? It could be that $25 spent in 1975 could be worth thousands today if you measured it against your learning and happiness that this hobby can bring. Could it not also be that that $25 spent in 1975 has garnered you the knowledge today to be able to save thousands upon thousands because of the lessions you learned from that cost.</p><p> </p><p>Folks I would love to see the answers to this in dollars and cents just to learn something from it. To be truthful I don't really know much about math, numbers, inflation and the like but if I wanted to get rich I would not invest in coins. I have found that most anything that has $$$ attached to it stears a body away from fun and becomes a job. That's not what I got into coins for.[/QUOTE]</p><p><br /></p>
[QUOTE="bhp3rd, post: 696530, member: 16510"][b]Great topic but I really don't quite see it that way.[/b] Great topic but I really don't quite see it that way. 2 caveots though first. In really big investments it certaily does make a differents - I don't make really big investments in anything except enjoyment. The second is yes it may be that $100 is only worth $25 today as compared to 1975, (although I would at least hope it would be $35 or close to 1/3rd). Somethings go up but many go down so will that be factored in? - a TV or computer is a fraction of the costs were just a few years ago. If you are the type that's really into making up your dollars today as compared to years ago coin collecting is probably not the hobby for you unless you are buying coins over $10,000 on a regular basis - I'm glad that's not me but maybe you wish it were you. If so go for it. Time and time again on here I don't hesitate to mention that all this "coin stuff" is valuble in enjoyment, education, meeting folks and I find it very hard indeed to place a value on that. I mean "just how would you place your lifes satisfaction over 30 years on a scale of monetary inflation"? It could be that $25 spent in 1975 could be worth thousands today if you measured it against your learning and happiness that this hobby can bring. Could it not also be that that $25 spent in 1975 has garnered you the knowledge today to be able to save thousands upon thousands because of the lessions you learned from that cost. Folks I would love to see the answers to this in dollars and cents just to learn something from it. To be truthful I don't really know much about math, numbers, inflation and the like but if I wanted to get rich I would not invest in coins. I have found that most anything that has $$$ attached to it stears a body away from fun and becomes a job. That's not what I got into coins for.[/QUOTE]
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