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<p>[QUOTE=&quot;JCro57, post: 3232787, member: 92083&quot;]My friend, please listen carefully here...<b>very carefully...</b></p><p><b><br /></b></p><p>1. The ONLY rare coins or collections a person might want to invest in (might!) <i><b>are coins that maybe 1 or 2 people on this forum can afford (e.g. Fred Weinberg). I am talking coins and collections that make national and even international headlines. </b></i>I am talking about coins that most certainly would auction for well over $100,000 and collections in the millions of dollars.</p><p><br /></p><p>2. I am going to be blunt: Investing in rare coins that most of us can probaly afford, and especially bullion pieces like ASEs, gold 1 oz. Buffalos, along with common Peace Dollars, Morgan&#039;s, etc., for their silver content, <i><b>is beyond a stupid thing to do. </b></i>You will get LESS than the going rate for their value because dealers have to make money taking them off your hands when they go and cash them to wholesalers. You will not get the going rate unless you unload them individually to someone and pass off this scam to someone else.</p><p><br /></p><p>3. Lear Capital charges ridiculous fees and pays their representatives poorly, who then employ &quot;nice-guy pressurse tactics&quot; to build trust and get gullible people to believe their marketing scheme so they can get paid more.</p><p><br /></p><p>4. Check auction prices for rare coins on Heritage Auctions. Sometimes over 20 years a rare coin in the same grade doesn&#039;t move much. Then you have to figure out how to go about selling it. (A) if you start a brick and mortar business, you have overhead. (B) if you rent a table at a show, you have overhead. (C) if you want to create a website, you have overhead. (D) if you want to have a top-tier online or in-person company auction it, you pay fees of around 15%-25%. (E) if you bring it to a dealer, they give you less than what they have been auctioning for to make money as they now incur these risks and fees or it sits in their store until that very rare occurrence someone with money to burn wants it.</p><p><br /></p><p>Either way, investing in coins for profit is stupid, stupid, stupid. Very few people know what they are doing without being dishonest to unload their garbage inventory. And fewer than that know what to do who actually are 100% honest, understand how to buy, what to buy, how to build and keep relationships, and how to market them to make money.</p><p><br /></p><p><i><b>Please SERIOUSLY reconsider your decision. You did not make a wise one.</b></i></p><p><br /></p><p>I have many coins I paid $900 for and more. I enjoy them and love showing them to others, especially my crazy and mind-boggling rare errors. But I do not view them as investments. Will I get back more than I paid for them? For some, very likely. For others, possibly. For the rest, not likely. But that is not why I bought them. I will at least get something back unlike the fishing trip I took to Lake Erie when I go to sell them. But I am prepared to get less than what I paid because I don&#039;t care. It is a hobby, and you need to understand that, especially when you have high hopes of going to unload them and think you are going to rake in even modest profits.</p><p><br /></p><p>Heed this advice: When looking to sell your bullion coins and rare coins after you bought them for investments, someone in the room is going to be a sucker. If you do not see anyone that is, the sucker is you![/QUOTE]</p><p><br /></p>

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