Message:

<p>[QUOTE=&quot;BooksB4Coins, post: 2281161, member: 36230&quot;]We have a new and young collector here with a very limited budget, so do you really think recommending, with an eye towards profit, mostly dirt common coins where knowledge is the key to potential, a wise idea? Even spending only $20 max per coin, the young man needs to <i>learn</i> <i>first</i> and not concern himself with profit potential or debatable down-the-road resale values. For these reasons alone state quarters would make for a fine introduction into the hobby.</p><p><br /></p><p>In direct response to your reasons against collecting them...</p><p><br /></p><p>1) So what if prices are not going to go up? The same can be said for most everything else suggested as well, and the fact that they were saved in such numbers could very well be beneficial to him. As I&#039;m sure you know, tastes change, so there&#039;s no reason for him to belly-flop into the pool when he would be wise to get just his feet wet. The tiny premium gen unc state quarters may bring, in the long run will be nothing compared to what they can teach him. Mistakes and/or upgrades will also cost next to nothing.</p><p><br /></p><p>2) Condition varies from trashed pocket junk to gem (even if heavily worn circulated examples are not likely to be found) and is all the more reason to seriously consider them. In reality, coins that can be found in circulation offer a <i>fine</i> opportunity for one to learn about grading, quality, and eye-appeal on the cheap and easy.</p><p><br /></p><p>3) I&#039;ve no doubt you mean well, but as mentioned above, pressing someone in this young man&#039;s situation to focus on resale value is a mistake. This isn&#039;t to say he shouldn&#039;t buy wisely, but he should buy the coin for what it is, and because he likes it, and not because of some dream of a future windfall. One of the best bits of advice that can be given to new collectors is to expect to lose money on their collections, and for very good reason; most do. If, after he&#039;s learned and become more seasoned/advanced, he wants to turn an eye to coins offering potential, that&#039;s great, but at least he can then do so with the experience and knowledge necessary to give himself the best chance at succeeding.[/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