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Is it wrong to just collect coins I think are cool without any sort of "collection" intended?
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<p>[QUOTE="-jeffB, post: 6315306, member: 27832"]And he's right -- but if that's your goal, it seems like you're more interested in a <i>business</i>, not a <i>hobby</i>. Or maybe it's better to say your hobby is profit, not coins.</p><p><br /></p><p>It's actually a bit of a sore topic for me, because as a kid, a lot of what I heard about coins was "you can get this nickel in change for five cents, but it's <i>worth</i> a dollar!" That's still an uncomfortably large part of my mindset as I'm dealing with coins. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie3" alt=":(" unselectable="on" unselectable="on" /></p><p><br /></p><p>But my two main rebuttals to Travers' statement would be:</p><p><br /></p><p>1) High-quality key dates may appreciate <b>more</b> and be easi<b>er</b> to sell, but buying and selling coins is still a high-overhead process. The dealers or auctioneers have to get their cut.</p><p><br /></p><p>2) Until you've handled lots of examples from a series, <b>you can't tell</b> which ones are the highest quality. If you <i>start out</i> buying the keys, you're likely to unwittingly end up with substandard or even problem examples.[/QUOTE]</p><p><br /></p>
[QUOTE="-jeffB, post: 6315306, member: 27832"]And he's right -- but if that's your goal, it seems like you're more interested in a [I]business[/I], not a [I]hobby[/I]. Or maybe it's better to say your hobby is profit, not coins. It's actually a bit of a sore topic for me, because as a kid, a lot of what I heard about coins was "you can get this nickel in change for five cents, but it's [I]worth[/I] a dollar!" That's still an uncomfortably large part of my mindset as I'm dealing with coins. :( But my two main rebuttals to Travers' statement would be: 1) High-quality key dates may appreciate [B]more[/B] and be easi[B]er[/B] to sell, but buying and selling coins is still a high-overhead process. The dealers or auctioneers have to get their cut. 2) Until you've handled lots of examples from a series, [B]you can't tell[/B] which ones are the highest quality. If you [I]start out[/I] buying the keys, you're likely to unwittingly end up with substandard or even problem examples.[/QUOTE]
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Is it wrong to just collect coins I think are cool without any sort of "collection" intended?
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