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In the US, do you feel world coins are a good buy?
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<p>[QUOTE="GDJMSP, post: 1977684, member: 112"]If you collect common coins, US or world, then yes you will almost certainly lose money if you try to sell them.</p><p><br /></p><p>Why ? It's pretty simple really, because they are common just about everybody (individual collectors) who wants one already has one. So they are not likely to buy another unless it is for less than you paid for it. Same thing with dealers, and for the same reasons.</p><p><br /></p><p><br /></p><p><br /></p><p>This usually doesn't work either because there are so few who want or are willing to pay up for nice and scarce world coins. And if you buy at retail, which just about everybody does, you still have the retail vs wholesale spread to overcome. And unless you wait for a quite a few years, or get really lucky and find the market spurting upwards at exactly the time you decide to sell, you're still going to lose money when selling.</p><p><br /></p><p>It doesn't matter what the coins are, or where they come from, or how nice they are, or how much they cost. If you try to sell them, unless you are very lucky, you are going to lose money on the deal.</p><p><br /></p><p>Don't ever, ever, buy coins because you think you are going to make money on them because 9 out of 10 times you will not.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 1977684, member: 112"]If you collect common coins, US or world, then yes you will almost certainly lose money if you try to sell them. Why ? It's pretty simple really, because they are common just about everybody (individual collectors) who wants one already has one. So they are not likely to buy another unless it is for less than you paid for it. Same thing with dealers, and for the same reasons. This usually doesn't work either because there are so few who want or are willing to pay up for nice and scarce world coins. And if you buy at retail, which just about everybody does, you still have the retail vs wholesale spread to overcome. And unless you wait for a quite a few years, or get really lucky and find the market spurting upwards at exactly the time you decide to sell, you're still going to lose money when selling. It doesn't matter what the coins are, or where they come from, or how nice they are, or how much they cost. If you try to sell them, unless you are very lucky, you are going to lose money on the deal. Don't ever, ever, buy coins because you think you are going to make money on them because 9 out of 10 times you will not.[/QUOTE]
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