Message:

<p>[QUOTE=&quot;GDJMSP, post: 2690075, member: 112&quot;]This is really the key. Unfortunately, enjoyment of the hobby is not the primary reason most people collect. Most actually do see it as an investment. And I suppose that&#039;s understandable because the stories that are heard most, the ones that make the news, are the ones about the very few who do make money from collecting coins. </p><p><br /></p><p>I think everybody has read those kind of stories interspersed with phrases like record prices, highest price ever paid, and so on. And prior to 2008 and even during the first half of 2008, those kinds of stories were common. But ask yourself, how long has it been since you read a story like that ? Yeah you might hear it once in a while for a given coin, some great rarity, but what about all the other coins that were sold with that same collection ? Those kinds of phrases weren&#039;t used regarding them. Or perhaps it was only that single coin or two that came up for auction, garnering all the headlines.</p><p><br /></p><p>What we don&#039;t hear, what is never written about, are all the stories of people who lost money when their collection was sold. You will never read in a magazine, on a website, or see on the TV news a story that says that about 95% of all coin collectors lose money when their collections are sold. But that is the reality, that is what actually happens. And it is the way it has always been.</p><p><br /></p><p>So keep in mind, collect coins because you like them, not because you expect to make money. Because it is almost a given that you will not.</p><p><br /></p><p>All of that said, how about some brighter news ? Maybe not exactly good news but at least it&#039;s brighter. The historical record tells us that as a general rule bull markets last anywhere from 3-5 years. Out last bull market, from 2001-2008, lasted 7 years. Bear markets on the other hand generally last anywhere from 7-10 years. </p><p><br /></p><p>Given that, in the not too distant future one might expect things to turn around.[/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