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<p>[QUOTE="Pocket Change, post: 453799, member: 8012"]I respectfully disagree with the liquidity of coins.</p><p><br /></p><p>If you are buying a coin for its "numismatic" value, then you are in the collectible market. You are making <u>a lot</u> of assumptions about its future value and desirability to others. You might as well be buying Barbie Dolls or Pokemon cards. Seriously.</p><p><br /></p><p>You are making the assumption that your choice of coin (or pokemon card) is what everyone will want in a year, five years, etc.</p><p><br /></p><p>Now, I'm not talking about ultra rare coins that go for thousands of dollars - that's a different animal.</p><p><br /></p><p>Your coin may retain its value in a down market, but it becomes much, much harder to sell at that price. I'm guessing you can ask almost any dealer about recent sales volume compared to six months ago. Check out recent threads in this forum about lower attendance at coin shows.</p><p><br /></p><p>My friend, do not assume your high priced coin is a liquid asset (at least for what you expect to get back).[/QUOTE]</p><p><br /></p>
[QUOTE="Pocket Change, post: 453799, member: 8012"]I respectfully disagree with the liquidity of coins. If you are buying a coin for its "numismatic" value, then you are in the collectible market. You are making [U]a lot[/U] of assumptions about its future value and desirability to others. You might as well be buying Barbie Dolls or Pokemon cards. Seriously. You are making the assumption that your choice of coin (or pokemon card) is what everyone will want in a year, five years, etc. Now, I'm not talking about ultra rare coins that go for thousands of dollars - that's a different animal. Your coin may retain its value in a down market, but it becomes much, much harder to sell at that price. I'm guessing you can ask almost any dealer about recent sales volume compared to six months ago. Check out recent threads in this forum about lower attendance at coin shows. My friend, do not assume your high priced coin is a liquid asset (at least for what you expect to get back).[/QUOTE]
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