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<p>[QUOTE="GDJMSP, post: 212519, member: 112"]But that is exactly the problem - how do you define what is "good stuff" ? With coins, it's whatever seems to be popular at any given point in time, for the popular coins are the ones that appreciate in value. At least they do for that period of time. </p><p><br /></p><p>Do you realize that in the last bull market for coins people were paying say $1500 for Morgan dollars. Today those very same coins sell for less than $150. It's been 18 years and those people still haven't broke even yet - they may never break even. </p><p><br /></p><p>You want a sobering thought, this is what the coin market in general has done in the past 37 years - </p><p><br /></p><p><img src="http://www.pcgs.com/images/graphs/indexallgraph.gif" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p><br /></p><p>That picture kind of puts a different light on things don't ya think ? And that's the real deal, it's no made up chart.</p><p><br /></p><p>I'm not trying to be a wise guy, I'm just trying to tell you the honest truth. people who collect coins because they think they can make money by doing so are in for a rude surprise. Ordinary people don't make money by collecting coins, only the pros or the very rich typically make money collecting coins. Ordinary people, what they get out of it is the joy of doing so - they collect because it makes them happy, they enjoy it.</p><p><br /></p><p>I've said this before, but I'll say it again. I've collected and studied coins since 1960. I like to think that I know a good bit about the hobby. No, I'm no expert. But I know more than the average Joe. And I've sold two collections in my life - lost money on both of them. But I didn't do it for the money - I collected the coins because I loved doing it. They brought joy and happiness into my life and it was worth every cent. I wouldn't change a thing even if I could.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 212519, member: 112"]But that is exactly the problem - how do you define what is "good stuff" ? With coins, it's whatever seems to be popular at any given point in time, for the popular coins are the ones that appreciate in value. At least they do for that period of time. Do you realize that in the last bull market for coins people were paying say $1500 for Morgan dollars. Today those very same coins sell for less than $150. It's been 18 years and those people still haven't broke even yet - they may never break even. You want a sobering thought, this is what the coin market in general has done in the past 37 years - [IMG]http://www.pcgs.com/images/graphs/indexallgraph.gif[/IMG] That picture kind of puts a different light on things don't ya think ? And that's the real deal, it's no made up chart. I'm not trying to be a wise guy, I'm just trying to tell you the honest truth. people who collect coins because they think they can make money by doing so are in for a rude surprise. Ordinary people don't make money by collecting coins, only the pros or the very rich typically make money collecting coins. Ordinary people, what they get out of it is the joy of doing so - they collect because it makes them happy, they enjoy it. I've said this before, but I'll say it again. I've collected and studied coins since 1960. I like to think that I know a good bit about the hobby. No, I'm no expert. But I know more than the average Joe. And I've sold two collections in my life - lost money on both of them. But I didn't do it for the money - I collected the coins because I loved doing it. They brought joy and happiness into my life and it was worth every cent. I wouldn't change a thing even if I could.[/QUOTE]
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