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<p>[QUOTE="Lehigh96, post: 1485463, member: 15309"]The fact is that any serious collector becomes an investor whether he likes it or not due to the amount of money & time spent. Therefore, prudence dictates that the investment aspect not be ignored. Your advice that the only money spent on coins should be money you are willing to lose is not realistic and is bad advice IMO. I think the investment question should be addressed by telling people to buy the highest quality coins that they can in order to recoup the highest percentage of their investment when they sell. I believe that money lost happens at the time of purchase. I think Doug agrees with me on that point. </p><p><br /></p><p>BTW, I am only a pseudo dealer out of necessity. If I were employed, I would not be selling my collection but would still have the same numismatic knowledge. I also want to state that I don't think coins are a good investment relative to other options. But due to the prices of rare coins, ignoring the investment aspect is a huge mistake. Another reason why all of my expensive coins are graded by either NGC or PCGS.[/QUOTE]</p><p><br /></p>
[QUOTE="Lehigh96, post: 1485463, member: 15309"]The fact is that any serious collector becomes an investor whether he likes it or not due to the amount of money & time spent. Therefore, prudence dictates that the investment aspect not be ignored. Your advice that the only money spent on coins should be money you are willing to lose is not realistic and is bad advice IMO. I think the investment question should be addressed by telling people to buy the highest quality coins that they can in order to recoup the highest percentage of their investment when they sell. I believe that money lost happens at the time of purchase. I think Doug agrees with me on that point. BTW, I am only a pseudo dealer out of necessity. If I were employed, I would not be selling my collection but would still have the same numismatic knowledge. I also want to state that I don't think coins are a good investment relative to other options. But due to the prices of rare coins, ignoring the investment aspect is a huge mistake. Another reason why all of my expensive coins are graded by either NGC or PCGS.[/QUOTE]
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