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<p>[QUOTE=&quot;GDJMSP, post: 390317, member: 112&quot;]But that is the critical point, 99% of all coin collectors do everything you just said they should not do. And that is exactly why only a tiny percentage of them will ever show a profit on their collections.</p><p><br /></p><p>Yeah sure dealers make money buying and selling coins. But they manage to do that because of the spread - the difference between wholesale &amp; retail. </p><p><br /></p><p>Private individuals do not have that advantage. They must buy at retail and then hope they can sell at a higher price at some point in time. And there&#039;s the rub. That is not as easy to do as it sounds. The proof of that is - we are not all rich. </p><p><br /></p><p>There is however one way to make money buying coins. Notice I didn&#039;t say selling them - why ? Because you don&#039;t make money selling them - you make your money when you buy them. The trick being that you have to be knowledgeable enough to pick a bargain when you see one and ignore all others. That is the key - knowledge. And without that knowledge your investment in coins will be a dismal failure. And this is not merely an opinion, this is a cold, hard fact.[/QUOTE]</p><p><br /></p>

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