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<p>[QUOTE=&quot;tommybee, post: 972601, member: 24999&quot;]Randy,</p><p><br /></p><p>I read Travers&#039; book.&nbsp; I&#039;ve read dozens of books on investing and collecting.&nbsp; I do ok, but I am certainly not a man of means who can roll the dice on a 20k coin - hoping that it will increase in value.&nbsp; If I took a hit on something like that I&#039;d be exposing my family to big time financial trouble.&nbsp; </p><p><br /></p><p>I really, really, like coins.&nbsp; I am interested, like everyone, in making a little bit of money while enjoying my hobby.&nbsp; However, I&#039;ve been a serious collector for only a year.&nbsp; You can read as many books as you want, but unless you have decades of experience in high investment grade coins you will never really understand the market.&nbsp; Keep in mind as you read things written by people like Travers that you would be competing against guys like him in the investment arena.&nbsp; I&#039;m pretty confident I&#039;m going to lose that game 100% of the time.</p><p><br /></p><p>I&#039;ve concluded that if I can enjoy this hobby for 20 years and then sell all my stuff and get my investment back, plus inflation, I will have done well.&nbsp; How many hobbies can you engage in for two decades and then recoup the money spent enjoying it?&nbsp; Not too many.&nbsp; I&#039;m a type collector at the moment.&nbsp; I don&#039;t really have the drive to get all the Peace Dollars or all the CC Morgans.&nbsp; A nice representation of each in as high a grade as I can afford is enough for me.&nbsp; </p><p><br /></p><p>For my stab at investment, I try to buy key dates/conditional rarities in series that are sleeping right now.&nbsp;&nbsp; Jefferson Nickels, Roosevelt Dimes, Washington Quarters, etc.&nbsp; They are inexpensive and have the possible upside of increasing in value years down the road if the series gets more popular.&nbsp; If they don&#039;t increase in value, no big deal.&nbsp; Most of them cost less than $20.&nbsp; </p><p><br /></p><p>Leave the investing to the guys who are players in and understand the rare coin market.&nbsp; You won&#039;t beat them.&nbsp; You&#039;ll also just be another stressed out &quot;investor&quot; not a happy, interested guy with a neat hobby!</p><p><br /></p><p>HAVE FUN.[/QUOTE]</p><p><br /></p>

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