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<p>[QUOTE="GDJMSP, post: 3168513, member: 112"]Yeah, I know it does, but believe it or not it's not some number I just pulled out of the air. The very same number has been published in the numismatic press several times over the years in articles written by some of the most respected names there are. My personal experience with selling 2 of my own collections, as well as those of every person I have known over the course of my entire life who sold their collections, and just about every person I've seen post about selling their collections on this forum and others - all of those things confirm that number.</p><p><br /></p><p>For those who do manage to show a profit when they sell their collections, usually it's nothing more than a matter of pure luck. Timing mostly, they get lucky and manage to sell at or near a market peak after having bought near lows.</p><p><br /></p><p>And of course the market cycles are also a factor that must be considered because a lot of folks buy coins when the market is rising or near a peak. And pretty much all of those folks are doomed to a loss because of it. And the two big bull markets we've had in the last 35 years - those alone cover a whole lot of collectors who bought during those periods.</p><p><br /></p><p>As I have posted before, to show a profit on your coin collection there 5 things that you need to do, and you have to get all of them right.</p><p><br /></p><p>1 - buy the right coin(s)</p><p>2 - buy at the right price</p><p>3 - buy at the right time</p><p>4 - sell at the right time</p><p>5 - sell at the right price</p><p><br /></p><p>Get just one wrong, and you won't make a profit.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 3168513, member: 112"]Yeah, I know it does, but believe it or not it's not some number I just pulled out of the air. The very same number has been published in the numismatic press several times over the years in articles written by some of the most respected names there are. My personal experience with selling 2 of my own collections, as well as those of every person I have known over the course of my entire life who sold their collections, and just about every person I've seen post about selling their collections on this forum and others - all of those things confirm that number. For those who do manage to show a profit when they sell their collections, usually it's nothing more than a matter of pure luck. Timing mostly, they get lucky and manage to sell at or near a market peak after having bought near lows. And of course the market cycles are also a factor that must be considered because a lot of folks buy coins when the market is rising or near a peak. And pretty much all of those folks are doomed to a loss because of it. And the two big bull markets we've had in the last 35 years - those alone cover a whole lot of collectors who bought during those periods. As I have posted before, to show a profit on your coin collection there 5 things that you need to do, and you have to get all of them right. 1 - buy the right coin(s) 2 - buy at the right price 3 - buy at the right time 4 - sell at the right time 5 - sell at the right price Get just one wrong, and you won't make a profit.[/QUOTE]
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