Message:

<p>[QUOTE=&quot;RedTiger, post: 1219282, member: 19098&quot;]What I always write when then subject of coin investments comes up:</p><p><br /></p><p>Some folks do well financially in coins. They tend to share certain traits:</p><p>1) superior grading skill, a natural talent honed with study</p><p>2) superior market knowledge, usually by spending endless hours in a hobby they love</p><p>3) superior dealer and collector connections. This gives access to better coins at better prices when buying, and also yields more money when selling.</p><p><br /></p><p>Be above average in all three areas and a person will likely do well financially, as well as enjoy the hobby. Be below average in one or more areas and break even is a good result given a five year holding period. A person that is below average in all three is likely to lose money (this is for numismatic coins, pure bullion plays are a separate category). The series, the individual coins don&#039;t really matter as much as the three traits. An expert grader, with excellent access, and vast market knowledge can do well financially in virtually any series, with any coins. Someone below average in all three areas will have to luck into a series or coins that go up, and the odds are stacked against them.</p><p><br /></p><p>There is a much larger group that does poorly financially. They to share certain traits:</p><p>1) They don&#039;t know much about grading and don&#039;t want to learn</p><p>2) They buy coins mostly as an investment, and don&#039;t care much about the hobby aspect</p><p>3) They often buy their investment coins at a single source, sometimes at way above market prices.</p><p><br /></p><p>So a person needs to have an honest assessment regarding the three areas: grading skill, access to coins, market knowledge. All three can be improved upon, and will yield more in the way of financial return in coins, than any possible &quot;hot tips&quot; as to series or individual coins, from a public forum on the Internet.[/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