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Exhibit - Barber Quarter - 1916-D - August 2008 - Lehigh96
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<p>[QUOTE="medoraman, post: 1844112, member: 26302"]Plus other things going on as well Paul. The saying that coins are a bad investment is in generalities. Its because MOST people either make mistakes like buying an occasional fake, or a damaged coin, or simply overpay because they "fall in love with a coin". Most people buy at retail and sell at wholesale, while making a few mistakes along the way. This is a VERY difficult way to make money, especially versus most other types of investments.</p><p><br /></p><p>I would consider you, (please correct me if I am wrong Paul), more like a traditional vest pocket dealer. You can spot good purchases, and know how to maximize your sales price, both things most collectors do not know how to do. No one said you cannot make money DEALING in coins. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>Plus, I like the old adage because it prevents people from spending retirement money on a hobby. Just like one should never spend retirement money on boats, cars, worldwide trips, or beanie babies, you should never spend retirement money on coins. Buy only what you can afford to lose, unless you are a legitimate dealer.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1844112, member: 26302"]Plus other things going on as well Paul. The saying that coins are a bad investment is in generalities. Its because MOST people either make mistakes like buying an occasional fake, or a damaged coin, or simply overpay because they "fall in love with a coin". Most people buy at retail and sell at wholesale, while making a few mistakes along the way. This is a VERY difficult way to make money, especially versus most other types of investments. I would consider you, (please correct me if I am wrong Paul), more like a traditional vest pocket dealer. You can spot good purchases, and know how to maximize your sales price, both things most collectors do not know how to do. No one said you cannot make money DEALING in coins. :) Plus, I like the old adage because it prevents people from spending retirement money on a hobby. Just like one should never spend retirement money on boats, cars, worldwide trips, or beanie babies, you should never spend retirement money on coins. Buy only what you can afford to lose, unless you are a legitimate dealer.[/QUOTE]
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Exhibit - Barber Quarter - 1916-D - August 2008 - Lehigh96
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