Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
For the Beginners: Myths about Coin Collecting
>
Reply to Thread
Message:
<p>[QUOTE="ewomack, post: 3377872, member: 15588"]He forgot one of the most important myths: anyone can make a lot of money by collecting coins. That myth alone attracts many wealth seekers, often of the "get rich quick" sort, to the hobby and they soon find out that, for the vast majority of people, it is a true myth. In fact, as many of us know, it's really really really easy to <i>lose money</i> by collecting coins.</p><p><br /></p><p>Of course you <i>can</i> make money with coins, but it's pretty unlikely. Perhaps the odds are somewhat better than winning a lottery. Maybe. In any case, though I enjoyed the article, it focuses mostly on value like so much else in the coin press. This does make sense from a marketing standpoint because one way to attract new buyers, as a dealer, is to talk about the potential value that one can accumulate through pocket change or by sheer good luck. Why else would anyone with no interest whatsoever in the actual history of coinage start collecting? But perhaps some seeking wealth will actually become collectors of history? Maybe. Many may also become disillusioned.</p><p><br /></p><p>Myth 8 is also somewhat humorous, but it also highly suggests that males still dominate the hobby, which still seems to be true. "Meeting girls" is a tagline typically targeted at men and it gives the article a slight "this hobby is for men" or "boy's club" feeling.[/QUOTE]</p><p><br /></p>
[QUOTE="ewomack, post: 3377872, member: 15588"]He forgot one of the most important myths: anyone can make a lot of money by collecting coins. That myth alone attracts many wealth seekers, often of the "get rich quick" sort, to the hobby and they soon find out that, for the vast majority of people, it is a true myth. In fact, as many of us know, it's really really really easy to [I]lose money[/I] by collecting coins. Of course you [I]can[/I] make money with coins, but it's pretty unlikely. Perhaps the odds are somewhat better than winning a lottery. Maybe. In any case, though I enjoyed the article, it focuses mostly on value like so much else in the coin press. This does make sense from a marketing standpoint because one way to attract new buyers, as a dealer, is to talk about the potential value that one can accumulate through pocket change or by sheer good luck. Why else would anyone with no interest whatsoever in the actual history of coinage start collecting? But perhaps some seeking wealth will actually become collectors of history? Maybe. Many may also become disillusioned. Myth 8 is also somewhat humorous, but it also highly suggests that males still dominate the hobby, which still seems to be true. "Meeting girls" is a tagline typically targeted at men and it gives the article a slight "this hobby is for men" or "boy's club" feeling.[/QUOTE]
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
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
For the Beginners: Myths about Coin Collecting
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...