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How would you put together a diversified coin investment portfolio?
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<p>[QUOTE="GDJMSP, post: 2162417, member: 112"]Pretty much what he said, but I would remove the probably, and say it's never an easy or quick proposition. What people don't realize or think about is that they spend years, often decades, assembling a collection. But when they go to sell it, they seem to think they can do so easily and quickly, all while getting full value for their pieces. But to get full value it is going to take a long time, maybe not decades, but a looooong time. That is because to get full value you have to find a buyer who sees that given coin just as you did. And that my friend is hard to do in many cases.</p><p><br /></p><p>Why ? Because it involves emotions. Many people fail to recognize, or are not even aware of, the psychological aspects of coin collecting. Many if not most, will even deny that they almost always get emotionally involved when buying a coin. And whenever you let emotions get involved in a situation that involves money (meaning the money in your pocket), it's seldom a good thing. And it will usually end up costing you.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 2162417, member: 112"]Pretty much what he said, but I would remove the probably, and say it's never an easy or quick proposition. What people don't realize or think about is that they spend years, often decades, assembling a collection. But when they go to sell it, they seem to think they can do so easily and quickly, all while getting full value for their pieces. But to get full value it is going to take a long time, maybe not decades, but a looooong time. That is because to get full value you have to find a buyer who sees that given coin just as you did. And that my friend is hard to do in many cases. Why ? Because it involves emotions. Many people fail to recognize, or are not even aware of, the psychological aspects of coin collecting. Many if not most, will even deny that they almost always get emotionally involved when buying a coin. And whenever you let emotions get involved in a situation that involves money (meaning the money in your pocket), it's seldom a good thing. And it will usually end up costing you.[/QUOTE]
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