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<p>[QUOTE="medoraman, post: 957500, member: 26302"]I agree Topcat, that is why I was suggesting buying collector coins, items only collectors care about. I try to stay away from items promotable or promotable grades unless I know they are not being promoted right then. It seems most promotable coins are being hit right now, so my money would be in old fashioned coins until the hoopla in the others has died down.</p><p><br /></p><p>Everyone gives good advice, that being to collect coins not invest in them. That is only half the truth though, since by definition any coin purchase is an investment to a degree. Therefor, you also have to remember investment rules when buying. Those rules are real money is made when either the market hates something or is oblivious to it. Once the market likes a certain thing, the easy money is gone and the risk is heightened. I would say generic BU Morgans, late US issues, US Gold, etc are very high risk right now. I would wait to collect those, and collect unpromotable coins for enjoyment right now.</p><p><br /></p><p>Either that, or just buy what you like and don't worry if the price goes down in the future. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 957500, member: 26302"]I agree Topcat, that is why I was suggesting buying collector coins, items only collectors care about. I try to stay away from items promotable or promotable grades unless I know they are not being promoted right then. It seems most promotable coins are being hit right now, so my money would be in old fashioned coins until the hoopla in the others has died down. Everyone gives good advice, that being to collect coins not invest in them. That is only half the truth though, since by definition any coin purchase is an investment to a degree. Therefor, you also have to remember investment rules when buying. Those rules are real money is made when either the market hates something or is oblivious to it. Once the market likes a certain thing, the easy money is gone and the risk is heightened. I would say generic BU Morgans, late US issues, US Gold, etc are very high risk right now. I would wait to collect those, and collect unpromotable coins for enjoyment right now. Either that, or just buy what you like and don't worry if the price goes down in the future. :)[/QUOTE]
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