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<p>[QUOTE=&quot;GDJMSP, post: 3006, member: 112&quot;]Now you&#039;re asking for investment advice - and that I will not do. First of all it&#039;s illegal for me to do so as I am not a registered investment adviser.</p><p><br /></p><p>Secondly - those who try to &quot; invest &quot; in coins - usually end up losing their &quot; investment &quot;.</p><p><br /></p><p>Coins should be collected because it brings you joy to do so - not to make a profit. But should you make a profit as a result of selling a collection - then that&#039;s just gravy for the main course.</p><p><br /></p><p>Many who are new to coin colllecting are enamored with what they think is an easy way to make money. Well let me be the first to tell you - THIS IS NOT SO ! If it were - every coin dealer would be a millionaire - but they are not. They are just hard working people like the rest of us.</p><p><br /></p><p>I am not a dealer - never have been and never will be. I am a collector - and have been for over 40 yrs. I collect coins because I enjoy it. Yes I am aware of the value of the coins - it would be foolish to be any different. For how else would one know what was a fair price for a given coin. But profit is not my motivation. Yes I could sell a great many of my coins for a substantial profit - but I have no wish to do so. The only time I ever sell a coin is when I am upgrading to a nicer specimen of the same coin and have no desire to keep duplicates.</p><p><br /></p><p>What many are not aware of when they view the profit side of coins is that there is not much there. Not unless you are very lucky and happen to find a bargain. They do not realize that when they see the prices listed in price guides or advertisments that the prices being quoted are usually full retail. Well very few collectors pay full retail. As a matter of fact very few coins sell for full retail. Of course there are the exceptions. There are those coins that sell for multiples of full retail - but that is because these coins are exceptional or very rare.</p><p><br /></p><p>The problem is - there are not that many truly exceptional or very rare coins out there. And for the ones that are out there - it&#039;s not likely you will make a profit on them - at least not very quickly. Those who realize profits on their collections do so because they have owned the collection for years - usually many years. I am talking decades. </p><p><br /></p><p>So if your motivation for collecting coins is profit - you need to find something else for a hobby. Otherwise you will be sadly disappointed.[/QUOTE]</p><p><br /></p>

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