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<p>[QUOTE=&quot;SwK, post: 2398278, member: 22309&quot;]I received several emails with differing thoughts on the&nbsp; cost of purchasing coins – what are yours?</p><p><b><br /></b></p><p><b>Trash my thoughts if you disagree</b></p><p><b><br /></b></p><p><b>[ATTACH=full]493625[/ATTACH] </b></p><p><b><br /></b></p><p>We need in my opinion <b>not</b> to be watching the market and chasing fashion, but choosing our long term collecting strategy and have a purpose in the collection.</p><p><br /></p><p>Several emails ask me to consider the high cost of each transaction and how to minimize this when purchasing coins.</p><p><br /></p><p>Areas I wrote about to collectors questions were that coins are a primary a discretionary purchase:</p><p><br /></p><p><br /></p><p>Have a clear strategy of what you are collecting and why</p><p><br /></p><p>Buying the finest you can afford to buy</p><p><br /></p><p>Enjoy the ‘work of art’ you have purchased</p><p><br /></p><p>Buy for the long term</p><p><br /></p><p>Understand the cost of a specific transaction (very few bargains exist in any market), look at the increasing costs of purchasing and selling.</p><p><br /></p><p>Do not look for a positive future as far as value is concerned.</p><p><br /></p><p>Collectables are ‘tangible’ assets that can be a ‘safe haven’ if acquired and held usually for a long period as then costs are amortized.</p><p><br /></p><p>Fix the value of your ‘portfolio’ numismatics will be.</p><p><br /></p><p><br /></p><p><b>Not happy with the above - stop buying</b></p><p><br /></p><p><br /></p><p>Regards</p><p><br /></p><p>Jeff[/QUOTE]</p><p><br /></p>

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