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<p>[QUOTE=&quot;rhoggman, post: 390086, member: 13987&quot;]I agree that the case stated above by GDJMSP is accurate, but I disagree with the premise that coins are a poor investment and not reccomended. </p><p>&nbsp;</p><p>Here is why: <b><font size="3"><i>If you, a collector by self admission, set out to only collect coins without having a goal to make money, or without having an intent to invest money, then you should not expect to make any money, or to have a collection of coins that would classify as an investment.</i></font></b></p><p>&nbsp;</p><p>By your own definition every coin dealer is a an investor since by the nature of their own intent they purposefully buy coins to make money on them. </p><p>&nbsp;</p><p>Every person who intends to make money on coins should try to purchase coins as if they were a dealer. Purchase &quot;desireable&quot;, &quot;highly desireable&quot;, or &quot;rare&quot; coins, and or with a structured motive over a long period of time to complete a desirable collection of coins. Don&#039;t forget that you should not be purchasing anything at retail prices, unless the coin is &quot;rare&quot;, or &quot;highly desireable&quot;. In some cases paying more than retail is the only way you can get a premium &quot;rare&quot; or &quot;highly desireable&quot; coin. They key is that you are doing something smart. You have to figure this out for yourself, but you can do it if you want to. Also you can&#039;t really expect to instantly make money on everything, but that does not mean you shouldn&#039;t expect to make money, or expect to never be able to turn a quick profit. Often times the prospect of turning a quick profit is a great reason to buy something that is underpriced or available to you at a nice discount to market prices.</p><p>&nbsp;</p><p>My opinion is that if you intend to invest you should be responsible and knowledgable about what it is you are doing. Bottom line is you can only fool yourself, and <i><b>if you buy loads of dansco albums to fill up with circulated common coinage readily available to everyone on the planet, you obviously have not done your homework as an investor.</b></i></p><p>&nbsp;</p><p>Also if you collect coins for years and years, and one day get the bright idea to offload a substantial portion, or all of your coins to a local dealer <font size="3"><b><i>you have just lost</i></b></font>. They have discounted you on the wholesale value of every coin you own, and probably know they can get all their money back from 1 or 2 nice ones you might have. Once again I would question your intent if you had this type of collection, and would definately surmise you were not an investor, but a hobbyist. Furthermore, if you had an investment class collection the likelyhood of wanting to sell your stuff at a coin shop would be pretty small.</p><p>&nbsp;</p><p><b>Conclusion:</b> If you buy Statehood Quarters, proof sets, dansco albums, Presidential Dollars, modern proof coins, America Eagles at a huge premium over spot, modern Commemoratives, common circulated coinage, Morgan Dollars that look like they have been deficated upon, and you think you are investing STOP!!!!! Take a deep breath, sell everything and learn from the loss, buy some books, and start over.[/QUOTE]</p><p><br /></p>

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