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<p>[QUOTE="Conder101, post: 2368037, member: 66"]That's fine, collecting as a HOBBY is great.</p><p><br /></p><p><br /></p><p>That's OK too as long as you realize that you will quite likely NOT get back as much as you have put into them. But you will get something.</p><p><br /></p><p>It's just that if you are hoping to use the proceeds to fund your daughters college, there are better ways to do so. Maybe not as much fun, but better. (If I had bought common mid-grade MS Morgan dollars back when I stared collecting 45 years ago, they would have to be selling for $75 today just for me to just break even after inflation. So I could sell them today for a seeming profit in dollars, but an actual loss in terms of real purchasing power. In other words the money I got for them would buy less today than the money I spent on them would have back then. And a lot less if I paid the 28% capital gains tax I would owe on my supposed profit.)[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 2368037, member: 66"]That's fine, collecting as a HOBBY is great. That's OK too as long as you realize that you will quite likely NOT get back as much as you have put into them. But you will get something. It's just that if you are hoping to use the proceeds to fund your daughters college, there are better ways to do so. Maybe not as much fun, but better. (If I had bought common mid-grade MS Morgan dollars back when I stared collecting 45 years ago, they would have to be selling for $75 today just for me to just break even after inflation. So I could sell them today for a seeming profit in dollars, but an actual loss in terms of real purchasing power. In other words the money I got for them would buy less today than the money I spent on them would have back then. And a lot less if I paid the 28% capital gains tax I would owe on my supposed profit.)[/QUOTE]
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