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<p>[QUOTE=&quot;ewomack, post: 25028525, member: 15588&quot;]The &quot;investment question&quot; has surfaced on this forum many times. It&#039;s a reasonable question because you&#039;re spending money that you&#039;ve earned or obtained and you don&#039;t want to waste it. A lot of people will tell you &quot;buy what you like because coins are a terrible investment.&quot; That&#039;s generally true. Coins, especially at the level discussed on this forum, have very little investment potential.</p><p><br /></p><p>Can you still make money on them? Yes, I have both made and lost money on coins via selling over the years. Just make sure not to take the &quot;don&#039;t collect coins for money&quot; advice as an excuse to buy sloppily or irresponsibly. Some people seem to do this. In other words, don&#039;t overpay because you like something. Never overpay.</p><p><br /></p><p>To buy responsibly, educate yourself on the hobby in general. Look at things that do sell. Look at things that don&#039;t sell. Talk to people online. Read some books. Above all, be patient. Don&#039;t buy on impulse. Buying randomly or impulsively without knowing more about the market can cost you a lot of money in the end.</p><p><br /></p><p>Try to learn <i>a lot</i> about cleaned coins, altered coins, and counterfeit coins. When I started, I unknowingly bought a number of cleaned coins. I also overpaid for them. It&#039;s an easy mistake to make if you don&#039;t know what to look for. In the end, be careful with your money. Like you, I also don&#039;t want to end up with a bunch of coins that nobody wants. I now try to collect for quality rather than quantity. It suits me well and I spend a lot less money on coins that I seem to enjoy a whole lot more.</p><p><br /></p><p>In the end, take the advice to &quot;collect coins only for pleasure because they&#039;re terrible investments&quot; with caution. That may be true, but that doesn&#039;t mean you should waste your money, either.</p><p><br /></p><p><b>Sidenote:</b> if you wanted to be a dealer, especially for a living, then you would <i>definitely </i>have to treat coins as an investment, so you can learn a lot from dealers as well. You can also find people who do treat coins primarily as investments. They buy high priced coins for the specific purpose of reselling them for more money (they may or may not call themselves &quot;dealers&quot;). Typically, such coins cost thousands of dollars or more each, because they have <i>intense</i> rarity or desirability. Some people refer to these as &quot;investment grade&quot; coins. I haven&#039;t seen a lot of discussion of that kind of buying on this forum.[/QUOTE]</p><p><br /></p>

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