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<p>[QUOTE=&quot;medoraman, post: 991476, member: 26302&quot;]However, I would just state to Lehigh that investing in high end coins IS riskier than low end coins. If you look at the coins making up the graph Doug likes to post, they are mostly very high end grades, that is why the collapse was greater in 1989 for those coins than what I was collecting at the time. I collected XF 19th century halves and literally did not see prices go down for those. Financially, highly graded coins have a higher beta than traditional collector coins, (VF large cents as an example). A higher beta means they will go up more in a up market, but will go down more in a down market percentage wise. While I will not say buying high beta coins is bad if you believe the market is going up, by definition higher betas correlate to higher risk. It literally IS in the definition of beta.</p><p><br /></p><p>So in that regard Statequarterguy is completely correct. Again, I never said risk was bad, but it is higher risk technically.[/QUOTE]</p><p><br /></p>

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