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<p>[QUOTE="cladking, post: 23443, member: 68"]Most people making a living in coins are businessmen and are buying and selling as frequently as possible. But coin prices can move sharply higher or lower and this is going to attract those who will try to get in ahead of the curve. I'm likely one of the most successfull at this and I wouldn't advise it. This was supposed to be a three or four year "investment" and that was 32 years ago. It has required tremendous amounts of effort and time and still the process is hardly complete. While I have hundreds of nice gems which will return great profits, most of these are not the pop tops that bring the moon money. Most are much more ordinary gems and there is still little demand for them. So still I'll have to wait to get the maximum return on them. The point is that I guessed "right" and nailed it. I should be in hog heaven but the return is coming far too late to do a lot of good. There are opportunities throughout the coin and collectible markets but the only way to win big is to get there first. Many times people get there first and then collectors go off in a different direction. Or they get there first but collectors are seeking something just a little different (maybe varieties instead of gems). Or you can get there first and wait a lifetime for anyone to come. </p><p><br /></p><p>This is why collectors usually do better: They learn about what's rare and will seek it out. They have some of most everything is their specialty. And if they like and enjoy it then others probably will too. </p><p><br /></p><p>There are still many many rare and scarce moderns which sell for peanuts. This won't always be so.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 23443, member: 68"]Most people making a living in coins are businessmen and are buying and selling as frequently as possible. But coin prices can move sharply higher or lower and this is going to attract those who will try to get in ahead of the curve. I'm likely one of the most successfull at this and I wouldn't advise it. This was supposed to be a three or four year "investment" and that was 32 years ago. It has required tremendous amounts of effort and time and still the process is hardly complete. While I have hundreds of nice gems which will return great profits, most of these are not the pop tops that bring the moon money. Most are much more ordinary gems and there is still little demand for them. So still I'll have to wait to get the maximum return on them. The point is that I guessed "right" and nailed it. I should be in hog heaven but the return is coming far too late to do a lot of good. There are opportunities throughout the coin and collectible markets but the only way to win big is to get there first. Many times people get there first and then collectors go off in a different direction. Or they get there first but collectors are seeking something just a little different (maybe varieties instead of gems). Or you can get there first and wait a lifetime for anyone to come. This is why collectors usually do better: They learn about what's rare and will seek it out. They have some of most everything is their specialty. And if they like and enjoy it then others probably will too. There are still many many rare and scarce moderns which sell for peanuts. This won't always be so.[/QUOTE]
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