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How would you put together a diversified coin investment portfolio?
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<p>[QUOTE="-jeffB, post: 2161028, member: 27832"]I've usually heard this stated as "<b>you make your money when you buy the coin, not when you sell it</b>."</p><p><br /></p><p>Bargain-hunting is a legitimate way to approach the hobby -- it seems to be the main thing I do -- but to get bargains, you have to be at least one of:</p><p><br /></p><p><b>Greedy and/or dishonest</b> (traveling cash-for-gold shows, "Sorry to hear about your mother, I'll give you a HUNDRED DOLLARS for those couple of dozen tarnished old silver dollars you found in her dresser. It's more than you'll get at a coin shop.")</p><p><br /></p><p><b>Lucky</b> ("Half-dollar rolls? The little old lady in front of you just cashed in a whole bag of them. Are you interested in the old, big dollar coins, too? She cashed a bunch of those, although some of them look like they're turning colors...")</p><p><br /></p><p><b>Observant and knowledgeable</b> ("<a href="https://www.cointalk.com/threads/found-another-1942-41-merc.223140/" class="internalLink ProxyLink" data-proxy-href="https://www.cointalk.com/threads/found-another-1942-41-merc.223140/">Yawn, another set of probably-cleaned 'shiny' Mercury dimes on eBay</a>. Hang on, <a href="https://www.cointalk.com/threads/ladies-and-gents-shes-back-from-ngc-1942-41-d.223814/" class="internalLink ProxyLink" data-proxy-href="https://www.cointalk.com/threads/ladies-and-gents-shes-back-from-ngc-1942-41-d.223814/">that 1942-D date looks like</a>...")</p><p><br /></p><p>I've had my share of luck, wasted more than my share of time lurking on eBay to pounce on buy-it-now bargains -- and I've made my share of mistakes, where I <i>thought</i> I was getting a bargain, but the seller probably knew better. But it's all entertainment, and my livelihood isn't dependent on hitting numbers on a balance sheet.[/QUOTE]</p><p><br /></p>
[QUOTE="-jeffB, post: 2161028, member: 27832"]I've usually heard this stated as "[B]you make your money when you buy the coin, not when you sell it[/B]." Bargain-hunting is a legitimate way to approach the hobby -- it seems to be the main thing I do -- but to get bargains, you have to be at least one of: [B]Greedy and/or dishonest[/B] (traveling cash-for-gold shows, "Sorry to hear about your mother, I'll give you a HUNDRED DOLLARS for those couple of dozen tarnished old silver dollars you found in her dresser. It's more than you'll get at a coin shop.") [B]Lucky[/B] ("Half-dollar rolls? The little old lady in front of you just cashed in a whole bag of them. Are you interested in the old, big dollar coins, too? She cashed a bunch of those, although some of them look like they're turning colors...") [B]Observant and knowledgeable[/B] ("[URL='https://www.cointalk.com/threads/found-another-1942-41-merc.223140/']Yawn, another set of probably-cleaned 'shiny' Mercury dimes on eBay[/URL]. Hang on, [URL='https://www.cointalk.com/threads/ladies-and-gents-shes-back-from-ngc-1942-41-d.223814/']that 1942-D date looks like[/URL]...") I've had my share of luck, wasted more than my share of time lurking on eBay to pounce on buy-it-now bargains -- and I've made my share of mistakes, where I [I]thought[/I] I was getting a bargain, but the seller probably knew better. But it's all entertainment, and my livelihood isn't dependent on hitting numbers on a balance sheet.[/QUOTE]
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