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<p>[QUOTE="umtrr-author, post: 214812, member: 5719"]I think there is a fair amount of bitterness that led to the start of this thread, and a similar one just above it. I'm sorry that you've had a bad experience and bad fortune that led to you having to sell your coins at what appears to be a significant loss.</p><p><br /></p><p>Small collectors on limited budgets-- and there are two of them in the signature below-- can still get a huge amount of enjoyment out of the hobby. There are any number of inexpensive coins from the USA and around the world that can be collected and the history behind them can be just as rich and varied as many of the pricier coins. </p><p><br /></p><p>For example, I haven't counted recently but I am sure that Thalia Elizabeth has more than 100 different coins now with Queen Elizabeth II on them from probably 20 or 25 different countries or jurisdictions. None of them were budget busters and most of them were under a dollar each. It doesn't diminsh their "value" in our perspective.</p><p><br /></p><p>Sure, I'd love to own some of the coins I've seen at shows or local dealers, but it's all a matter of balance and perspective, and right now is not the time.</p><p><br /></p><p>I've run the numbers in terms of how much a "better coin" would have to increase in value in order for me to just break even on the difference between what I would pay versus what I could sell it for (made more daunting by New York's sales tax, but don't get me started). To me, that means that coins are a hobby, not an investment.[/QUOTE]</p><p><br /></p>
[QUOTE="umtrr-author, post: 214812, member: 5719"]I think there is a fair amount of bitterness that led to the start of this thread, and a similar one just above it. I'm sorry that you've had a bad experience and bad fortune that led to you having to sell your coins at what appears to be a significant loss. Small collectors on limited budgets-- and there are two of them in the signature below-- can still get a huge amount of enjoyment out of the hobby. There are any number of inexpensive coins from the USA and around the world that can be collected and the history behind them can be just as rich and varied as many of the pricier coins. For example, I haven't counted recently but I am sure that Thalia Elizabeth has more than 100 different coins now with Queen Elizabeth II on them from probably 20 or 25 different countries or jurisdictions. None of them were budget busters and most of them were under a dollar each. It doesn't diminsh their "value" in our perspective. Sure, I'd love to own some of the coins I've seen at shows or local dealers, but it's all a matter of balance and perspective, and right now is not the time. I've run the numbers in terms of how much a "better coin" would have to increase in value in order for me to just break even on the difference between what I would pay versus what I could sell it for (made more daunting by New York's sales tax, but don't get me started). To me, that means that coins are a hobby, not an investment.[/QUOTE]
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