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<p>[QUOTE=&quot;RedTiger, post: 842045, member: 19098&quot;]As I always respond when the &quot;i&quot; word comes up:</p><p><br /></p><p>Some collectors do well financially. They tend to have the following traits. They tend to have a natural talent for grading which they hone with experience and training. They tend to have excellent relationships with dealers and/or other collectors so as to get access to decent coins at decent prices. They tend to have a love of the hobby, and spend endless hours on their hobby. The bottom line is that those that do well financially have an edge, superior grading skill, above average access to coins, market knowledge. Spend time developing those because all of those can be improved upon by putting in time.</p><p><br /></p><p>There is a far larger group that does poorly financially. They too tend to share some traits. They buy mostly for investment. Many don&#039;t know how to grade, many have no interest in the considerable time investment required to learn the finer points of grading. Many buy from a single source and some pay significantly above fair retail (think HSN or telemarketing coin firms) for their coins.</p><p><br /></p><p>The standard disclaimer is that past performance is not indicative of future results. While looking at what has done well the past 15 or 20 years may be instructive, it tends to have little predictive value going forward. </p><p><br /></p><p>The traits of those collectors that do well financially, will always tend to be true, with an occasionally lucky collector mixed in. What series or grades become hot, or popular or promoted will tend to change.[/QUOTE]</p><p><br /></p>

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