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<p>[QUOTE="ewomack, post: 2691184, member: 15588"]Anything that involves exchanging money inevitably has an an investment element to it. You may absolutely love the look, feel and presence of a particular coin, but if you paid $100 for it and later find out that its value dropped to $10, that's a pretty cruddy feeling despite the enjoyment of the coin or for the hobby.</p><p><br /></p><p>Some years ago, when I first embarked out into the world away from the security of home, I ended up selling my coins because I came up short for rent one month and I was too proud to ask my parents for money. They would have given it to me. I sold them at an AMAZING loss, possibly 1/3 of what I had paid for them. But it more than covered the rent, so I was relieved. Afterwards, I felt a little awful for spending so much money on something that returned so little (granted, I probably wasn't a savvy seller at the time, either) and I left the hobby for years.</p><p><br /></p><p>But then I thought of all the books, CDs and DVDs I had purchased and received maybe 50¢ to $1 back for things I had paid $20 - $30 for and the coins suddenly didn't look all that terrible. You may not get <i>all </i>of your money back from coins, but you will likely get significantly more back than from other "enjoyable consumables." This of course doesn't help if you're trying to <i>make </i>money off of coins. That seems like an incredibly difficult thing to do and not something that I ever plan on trying.</p><p><br /></p><p>All of that said, I find myself largely drifting away from coins in 2017. The last two coin shows I attended I left without buying a single thing. I had a wad of cash in my wallet but nothing made me part with it. I found myself saying repeatedly "I <i>could</i> buy this, but <i>why</i>?" Also, I think I saw more people trying to sell things than people trying to buy things at both shows. Something made me go "meh" about the entire thing. I still want to come to this forum, mostly because of the discussions, but my desire to purchase coins definitely feels on the wane.[/QUOTE]</p><p><br /></p>
[QUOTE="ewomack, post: 2691184, member: 15588"]Anything that involves exchanging money inevitably has an an investment element to it. You may absolutely love the look, feel and presence of a particular coin, but if you paid $100 for it and later find out that its value dropped to $10, that's a pretty cruddy feeling despite the enjoyment of the coin or for the hobby. Some years ago, when I first embarked out into the world away from the security of home, I ended up selling my coins because I came up short for rent one month and I was too proud to ask my parents for money. They would have given it to me. I sold them at an AMAZING loss, possibly 1/3 of what I had paid for them. But it more than covered the rent, so I was relieved. Afterwards, I felt a little awful for spending so much money on something that returned so little (granted, I probably wasn't a savvy seller at the time, either) and I left the hobby for years. But then I thought of all the books, CDs and DVDs I had purchased and received maybe 50¢ to $1 back for things I had paid $20 - $30 for and the coins suddenly didn't look all that terrible. You may not get [I]all [/I]of your money back from coins, but you will likely get significantly more back than from other "enjoyable consumables." This of course doesn't help if you're trying to [I]make [/I]money off of coins. That seems like an incredibly difficult thing to do and not something that I ever plan on trying. All of that said, I find myself largely drifting away from coins in 2017. The last two coin shows I attended I left without buying a single thing. I had a wad of cash in my wallet but nothing made me part with it. I found myself saying repeatedly "I [I]could[/I] buy this, but [I]why[/I]?" Also, I think I saw more people trying to sell things than people trying to buy things at both shows. Something made me go "meh" about the entire thing. I still want to come to this forum, mostly because of the discussions, but my desire to purchase coins definitely feels on the wane.[/QUOTE]
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