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<p>[QUOTE=&quot;medoraman, post: 1216386, member: 26302&quot;]A few general points to the OP:</p><p><br /></p><p>1) Investing in coins is really oversold. Unless you can buy as cheap as dealers can, you have to hold a coin on average 10 years in my estimate to break even. Collect coins for pleasure and somewhat store of value. I am just warning you that the difference between what you pay and what you sell is very steep in coins. </p><p><br /></p><p>2) Its admirable that you wish to invest at age 15. True investments should be more liquid, stable items than coins though. This is why real estate, stocks, bonds, and the like are the traditional investments. If you buy a stock at $25, and it goes up to $30, you profit almost all that amount. If you buy a coin at $25, and the book price goes to $30, you maybe can sell it for $15. The book value needs to go up to $50 for you to break even selling to a dealer. These are generalities but make the point. This is why many people say to never invest in coins. Bullion investing has smaller markups, but still much higher than stocks or bonds.</p><p><br /></p><p>3) At 15 the most important resource for you is education. Concentrate on learning all you can, that truly will be your best long term investment at this point. If you like coins buy some books and read them cover to cover. Buy a grading book and practice on cents and nickels improving your grading skills.</p><p><br /></p><p>Just friendly advice from someone who started younger than you and wishes he would have done the same.</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>

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