Message:

<p>[QUOTE=&quot;toned_morgan, post: 8667240, member: 97258&quot;]As others are saying, coins are usually not a nice hobby to new collectors who start too fast (no offense, but that seems like your case). I personally collect Morgans, so of course I would say go with Morgan dollars, but it depends on what you want. If you just want coins for the metal value (ie silver or gold), then you might as well just buy bullion or bars. If you want them for their collectible value (rare dates, errors, grade, etc) then that&#039;s a completely different story. </p><p><br /></p><p>I&#039;ve noticed that your position is unfortunately a very common one for adults starting a new hobby. You have too much money to learn this hobby, and so you have too many opportunities that should only be taken with a certain level of knowledge and experience. Think of this like driving a car, when you start driving you take a beat up box so that a bump on the curb won&#039;t cost anything. But starting with gold coins is like starting with a brand new Ferrari. You need to make mistakes to learn, but those mistakes would cost you thousands and you&#039;ll never learn the basics of driving.</p><p><br /></p><p>Overall, I suggest investing your <i>time</i> first, then your money. Spend hours doing research if you want to benefit from coin collecting, and start small so you can learn through mistakes that won&#039;t lose you thousands of dollars. I&#039;ve been collecting and researching numismatics for over four years during my high school years (now a senior in school), and I managed to turn a measly $30 of pocket money into over $5,000 through lots and lots of buying and selling on ebay. I started with $10 coins to make five dollars of profit each time, and now I&#039;m still sticking with cheap (around $100-200) coins to make $50+ profit. Over my years on ebay, I&#039;ve sold 130+ coins, and maybe around 20 of those were losses on my part, but only by a few dollars, and I learned from them.</p><p><br /></p><p>I really hope you follow my advice, otherwise it could end badly for you. Just take your time to learn, do research, learn more, do more research, read books, study prices, look at listings, and then, ONLY THEN, can you start investing confidently to make wins.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in