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I have lost money on every coin i have ever purchased.
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<p>[QUOTE="medoraman, post: 1668020, member: 26302"]About the only way to avoid it is to either be a dealer or hold them forever. </p><p><br /></p><p>I never understood people who get mad about losing money on coins. I am not talking about the OP here, (whose situation with that dealer sounds fishy), but just in general. Do people buy fishing poles from Cabelas and then get mad about how they cannot sell them to someone else for more than they paid for them retail? Do boat owners expect to "make money" on their boat?</p><p><br /></p><p>If you are a traditional collector, you are buying at retail and when you sell selling at wholesale. In every single other venue this will guarantee a loss. I cannot go to the grocery store and buy Oreos and turn around and expect to sell them on the street at a profit.</p><p><br /></p><p>Only way around the game is to either become a retail seller, on a website or similar, or to become a wholesale buyer somehow. Other than that, we are all destined to lose money on coins, but that is not the point. To me, I "consume" what I pay for coins in enjoyment. Anything my heirs sell them for is their good luck.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1668020, member: 26302"]About the only way to avoid it is to either be a dealer or hold them forever. I never understood people who get mad about losing money on coins. I am not talking about the OP here, (whose situation with that dealer sounds fishy), but just in general. Do people buy fishing poles from Cabelas and then get mad about how they cannot sell them to someone else for more than they paid for them retail? Do boat owners expect to "make money" on their boat? If you are a traditional collector, you are buying at retail and when you sell selling at wholesale. In every single other venue this will guarantee a loss. I cannot go to the grocery store and buy Oreos and turn around and expect to sell them on the street at a profit. Only way around the game is to either become a retail seller, on a website or similar, or to become a wholesale buyer somehow. Other than that, we are all destined to lose money on coins, but that is not the point. To me, I "consume" what I pay for coins in enjoyment. Anything my heirs sell them for is their good luck.[/QUOTE]
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I have lost money on every coin i have ever purchased.
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