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<p>[QUOTE="cladking, post: 213483, member: 68"]There's no need to be discouraged in investing, just don't bet the farm and</p><p>remember the only sure way to win is by enjoying the hobby. Sure, it's pos-</p><p>sible to make money when the deck is stacked against you and the house al-</p><p>ways takes 25% but it is not easy. Coin prices have a way of exploding high-</p><p>er and if you own the coins then you can make money. But consider that it's</p><p>rarely the investors who own these coins before they explode higher, it is col-</p><p>lectors. The investors tend to just buy the "undervalued" coins. Dealers know</p><p>what can be promoted and what can't. Such coins can become popular and </p><p>stay popular but usually when the promotions end so does the new high price. </p><p>Collectors are less concerned with such things and just form sets. They're usu-</p><p>ally having fun and learning about their specialty. They buy the easy coins as</p><p>well as the difficult. Usually they're collecting in areas that aren't extremely pop-</p><p>ular so they often get first crack at new coins. They learn what's rare and truly</p><p>undervalued so will pick up an extra or two if they see it at a good price. </p><p><br /></p><p>The collector will often collect for many years and then his specialty will become </p><p>popular and prices soar. Sometimes it never happens. But the investor tends to</p><p>usually be disappointed. Even when he makes money (which isn't common) he has</p><p>little to show for it after expenses and time. Usually he'll just find that he has lots</p><p>of coins that were widely available before he bought them ansd are still widely a-</p><p>vailable. Some of these people will go on to become collectors and that can be suf-</p><p>ficient profit for them.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 213483, member: 68"]There's no need to be discouraged in investing, just don't bet the farm and remember the only sure way to win is by enjoying the hobby. Sure, it's pos- sible to make money when the deck is stacked against you and the house al- ways takes 25% but it is not easy. Coin prices have a way of exploding high- er and if you own the coins then you can make money. But consider that it's rarely the investors who own these coins before they explode higher, it is col- lectors. The investors tend to just buy the "undervalued" coins. Dealers know what can be promoted and what can't. Such coins can become popular and stay popular but usually when the promotions end so does the new high price. Collectors are less concerned with such things and just form sets. They're usu- ally having fun and learning about their specialty. They buy the easy coins as well as the difficult. Usually they're collecting in areas that aren't extremely pop- ular so they often get first crack at new coins. They learn what's rare and truly undervalued so will pick up an extra or two if they see it at a good price. The collector will often collect for many years and then his specialty will become popular and prices soar. Sometimes it never happens. But the investor tends to usually be disappointed. Even when he makes money (which isn't common) he has little to show for it after expenses and time. Usually he'll just find that he has lots of coins that were widely available before he bought them ansd are still widely a- vailable. Some of these people will go on to become collectors and that can be suf- ficient profit for them.[/QUOTE]
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