Message:

<p>[QUOTE=&quot;IBetASilverDollar, post: 2989367, member: 85251&quot;]It&#039;s only a worthwhile endeavor if it&#039;s one that you are interested in taking on.&nbsp; Anything can be worthwhile on an individual basis.</p><p><br /></p><p>For the would the collection be worth more than the sum of its parts question...unless it&#039;s a world class set then no.&nbsp; Ultimately if/when you were looking to sell the complete set you&#039;d have a few options.&nbsp; Sell all the coins individually for the most you&#039;re able to get for each or sell it all as a set for less per coin overall since whoever is buying it is likely going to take the time to sell each coin individually themselves.&nbsp; There isn&#039;t a big market for people looking to buy a complete set of Morgans to keep for themselves since 1. it&#039;s a ton of money with so many coins 2. a lot of the fun is the satisfaction of building the set 1 at a time and 3. Everyone has different tastes with coins and likes to pick ones that speak to them.</p><p><br /></p><p>For the &quot;good way for a spendthrift to save money part&quot;...I agree that&#039;s it&#039;s a store of wealth and if you&#039;re spending money on coins that you would normally spend on junk then it&#039;s a great financial decision.&nbsp; If you&#039;re expecting to profit then I&#039;d say you may want to reconsider since that&#039;s far from certain.&nbsp; In a 2 year timeframe you&#039;d most likely lose money because no matter which route you go it costs money to sell coins.&nbsp; Think of coins like a mutual fund.&nbsp; You give a mutual fund $100 and they take $5 right away in the form of an upfront load and $95 gets invested.&nbsp; You buy a coin with a value of $100 and sell it the next day for the same $100 you only net ~$90 after the fees (unless you sell on craigslist or something but I&#039;d argue the hassle of that and time it takes costs more anyways).&nbsp; So the instant you buy a coin (assuming it&#039;s market price which of course is no exact science) you&#039;ve paid an invisible 10% backend load because that&#039;s what it will cost you to sell in the future.&nbsp; So now in your 2 year timeframe values for the coins you&#039;re purchasing need to go up 10% just to break even when you sell.</p><p><br /></p><p>That&#039;s a longer post than what I originally intended, hopefully it&#039;s helpful.&nbsp; I would say absolutely go for the set if it&#039;s something you&#039;re going to enjoy doing and if it&#039;s an added bonus that you spend less on other things great.&nbsp; But if the only interest is profiting I would find something else.[/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