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<p>[QUOTE="Breakdown, post: 810632, member: 19532"]Doug is correct that where you enter and leave the market is a straightforward reason that coins are far from a surefire investment. However, that's also true of stocks and real estate and many other investments. As Doug and others have noted here, the transaction costs (auction fees, shipping), storage fees for a safe deposit box, cost of insurance all contribute to eating away at any possible profit or add to the loss and may be an even greater reason coins are not on par with other investment vehicles.</p><p> </p><p>I also like Lehigh's comment about any collector with over 10K in coins is an investor, like it or not. I don't like being an investor in coins and I wish I could just be a collector. But I recognize that there may come a day when I need to sell.<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie3" alt=":(" unselectable="on" unselectable="on" /> In the meantime, I plan to collect what I like, hope my other investments do better than my coins and enjoy the hobby.:hammer:[/QUOTE]</p><p><br /></p>
[QUOTE="Breakdown, post: 810632, member: 19532"]Doug is correct that where you enter and leave the market is a straightforward reason that coins are far from a surefire investment. However, that's also true of stocks and real estate and many other investments. As Doug and others have noted here, the transaction costs (auction fees, shipping), storage fees for a safe deposit box, cost of insurance all contribute to eating away at any possible profit or add to the loss and may be an even greater reason coins are not on par with other investment vehicles. I also like Lehigh's comment about any collector with over 10K in coins is an investor, like it or not. I don't like being an investor in coins and I wish I could just be a collector. But I recognize that there may come a day when I need to sell.:( In the meantime, I plan to collect what I like, hope my other investments do better than my coins and enjoy the hobby.:hammer:[/QUOTE]
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