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investing versus collecting: the final word
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<p>[QUOTE="coinage86, post: 214544, member: 7584"]those of you who said coin buying is collecting, not investing: you win the debate. Im tired of arguing if its investing. If I said investing, Im going to contradict myself. The greysheet prices are what the dealers buy and sell for, at shows. I dont know if the greysheets are used by retail dealers who dont do shows. The guys on ebay start the stuff at fair prices. Then the idiots bid it up. Im the idiot who bought raw coins in 2005. Good dates, but some over-graded stuff. I took a break in 2006. I bought slabbed stuff by ngc and pcgs in 2007. I bought better stuff in 2007. I still took some losses cause ebay, as good as the price looks, the odds are the greysheet price is lower. Coins are collecting. Buy at the show at greysheet price, or read the greysheet before you bid on ebay. I had some overdrafts at the bank this month. I dumped my 7 morgans for $300. Im glad to have the $300. coins are a liquid item, but Im not going to go forward with an attitude that its a piggy bank. Cause later on I might not have a local coin shop guy nearby who is trustworthy and has ready cash.[/QUOTE]</p><p><br /></p>
[QUOTE="coinage86, post: 214544, member: 7584"]those of you who said coin buying is collecting, not investing: you win the debate. Im tired of arguing if its investing. If I said investing, Im going to contradict myself. The greysheet prices are what the dealers buy and sell for, at shows. I dont know if the greysheets are used by retail dealers who dont do shows. The guys on ebay start the stuff at fair prices. Then the idiots bid it up. Im the idiot who bought raw coins in 2005. Good dates, but some over-graded stuff. I took a break in 2006. I bought slabbed stuff by ngc and pcgs in 2007. I bought better stuff in 2007. I still took some losses cause ebay, as good as the price looks, the odds are the greysheet price is lower. Coins are collecting. Buy at the show at greysheet price, or read the greysheet before you bid on ebay. I had some overdrafts at the bank this month. I dumped my 7 morgans for $300. Im glad to have the $300. coins are a liquid item, but Im not going to go forward with an attitude that its a piggy bank. Cause later on I might not have a local coin shop guy nearby who is trustworthy and has ready cash.[/QUOTE]
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investing versus collecting: the final word
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