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<p>[QUOTE="Rono, post: 2652376, member: 6492"]Hi mellow,</p><p><br /></p><p>You've received some great advice. All I would add is that you should collect what you like. Is coin collecting a form of investing? It can be if you're willing to invest the time and effort. It's not unlike making money in the stock market. Sure you can make money but you have to do your homework and it's not easy. </p><p><br /></p><p>Try not to sell in order to buy. The vigorish will kill you. With stocks, it might cost you $7. With selling a coin, you're being paid wholesale and having to turn around and pay retail. The vig is ~20% or so. Ouch!</p><p><br /></p><p>But as I said, what it most important is for you to go after something you like and are interested in. That way it's easy to study and learn about it. Cripes, I stack odds and sods bullion, ASE's AGE's, silver crowns (old and new), etc. You could call that hoarding. I also have a nice set of cents and nickels with the keys slabbed. For example, I've always liked the V nickels. They are not a market darling but feh. I like them and have completed them AU grade. Same with the indian cents. You can call this collecting. Hoarding bullion vs. collecting coins. They are not the same by a long shot BUT they can overlap. You're the one that decides and you're the only one that needs to be happy. </p><p><br /></p><p>and so it goes,</p><p><br /></p><p>peace,</p><p><br /></p><p>rono[/QUOTE]</p><p><br /></p>
[QUOTE="Rono, post: 2652376, member: 6492"]Hi mellow, You've received some great advice. All I would add is that you should collect what you like. Is coin collecting a form of investing? It can be if you're willing to invest the time and effort. It's not unlike making money in the stock market. Sure you can make money but you have to do your homework and it's not easy. Try not to sell in order to buy. The vigorish will kill you. With stocks, it might cost you $7. With selling a coin, you're being paid wholesale and having to turn around and pay retail. The vig is ~20% or so. Ouch! But as I said, what it most important is for you to go after something you like and are interested in. That way it's easy to study and learn about it. Cripes, I stack odds and sods bullion, ASE's AGE's, silver crowns (old and new), etc. You could call that hoarding. I also have a nice set of cents and nickels with the keys slabbed. For example, I've always liked the V nickels. They are not a market darling but feh. I like them and have completed them AU grade. Same with the indian cents. You can call this collecting. Hoarding bullion vs. collecting coins. They are not the same by a long shot BUT they can overlap. You're the one that decides and you're the only one that needs to be happy. and so it goes, peace, rono[/QUOTE]
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