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<p>[QUOTE="Vess1, post: 3275778, member: 13650"]Why are people so obsessed with this question? lol Most dealers have to sell at a profit to keep the lights on. You're paying for those lights in your purchase so if you want to turn around and sell, the next collector probably doesn't want to pay to keep your lights on. </p><p> One of my nicer, highly desirable coins is a 1932 gold Indian NGC MS64+. It cost me $1400 to get it. I thought about selling it one time and a dealer offered me $1k for it. (So they could turn around and sell it for $1400.) I said no thanks. Could get more for it on ebay but then you're losing 12% off the top there. That's picking a highly liquid coin IMO as an example. The percentages probably go down from there. </p><p> I look at my US type set as something to pass on to the kids once I'm gone. Of all the things there are to inherit, most people won't turn down a coin collection. On the contrary, they are often fought over. </p><p><br /></p><p> Or they fall in the hands of some idiot family member and get auctioned off for pennies on the dollar because people gotta get that money right now. </p><p><br /></p><p> There's no doubt they are a store of wealth but it comes at a cost of doing business unless depending on what you're into. Sometimes there's deals at auctions, sometimes not. The only way to really win the game is buy a loose coin from anywhere and submit to a TPG and have it be a much higher grade than you paid for it loose. I've won that game a couple times and lost many more times. Or, as someone else said, cherry pick desirable varieties which isn't easy either. Over a lifetime the average collector should see a few wins here and there. They probably won't offset the losses so you just gotta enjoy collecting.[/QUOTE]</p><p><br /></p>
[QUOTE="Vess1, post: 3275778, member: 13650"]Why are people so obsessed with this question? lol Most dealers have to sell at a profit to keep the lights on. You're paying for those lights in your purchase so if you want to turn around and sell, the next collector probably doesn't want to pay to keep your lights on. One of my nicer, highly desirable coins is a 1932 gold Indian NGC MS64+. It cost me $1400 to get it. I thought about selling it one time and a dealer offered me $1k for it. (So they could turn around and sell it for $1400.) I said no thanks. Could get more for it on ebay but then you're losing 12% off the top there. That's picking a highly liquid coin IMO as an example. The percentages probably go down from there. I look at my US type set as something to pass on to the kids once I'm gone. Of all the things there are to inherit, most people won't turn down a coin collection. On the contrary, they are often fought over. Or they fall in the hands of some idiot family member and get auctioned off for pennies on the dollar because people gotta get that money right now. There's no doubt they are a store of wealth but it comes at a cost of doing business unless depending on what you're into. Sometimes there's deals at auctions, sometimes not. The only way to really win the game is buy a loose coin from anywhere and submit to a TPG and have it be a much higher grade than you paid for it loose. I've won that game a couple times and lost many more times. Or, as someone else said, cherry pick desirable varieties which isn't easy either. Over a lifetime the average collector should see a few wins here and there. They probably won't offset the losses so you just gotta enjoy collecting.[/QUOTE]
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