Message:

<p>[QUOTE=&quot;beef1020, post: 1218596, member: 24544&quot;]I largely agree with the advice above.&nbsp; It is very possible to make money in coins, but it requires an amount of knowledge that most people who are only looking for an investment will never acquire.&nbsp; </p><p><br /></p><p>For example, I personnally collect US large cents and we had a very recent large collection hit the auction block, The Dan Holmes collection.&nbsp; His complete early date collection hammered for $10 million total, with a realized profit of around $5 million.&nbsp; But it took over two decades to put the collection together, and many of those coins are an order of magnitude higher value then your budget.&nbsp; In addition, during that time he was a dedicated early cent numismatist, was the president of the Early American Copper Club, and knew just about everyone in the large cent game.&nbsp; So yes, he made quite a bit of money off that collection, but it took a tremendous dedication and love of early copper to achieve it. Check out his early date coins at: <a href="http://images.goldbergauctions.com/php/toc_auc.php?site=1&amp;lang=1&amp;sale=54" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://images.goldbergauctions.com/php/toc_auc.php?site=1&amp;lang=1&amp;sale=54" rel="nofollow">http://images.goldbergauctions.com/php/toc_auc.php?site=1&amp;lang=1&amp;sale=54</a></p><p><br /></p><p>My advice, buy coins if you like collecting coins, but don&#039;t buy coins for investment purposes.&nbsp; Yes, some people make money off their collections, but those tend to be people who put the collection together because they loved it not because they were investing.&nbsp; The same guy in the example above also put together one of the most complete late date large cent collections ever assembled, and lost money it...[/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