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<p>[QUOTE=&quot;rhoggman, post: 387771, member: 13987&quot;]What you said is not untrue, but I think any investment can be bad when the investor is the one truely making the mistakes. The stock market can be a bad investment if you invest in the wrong stock. The coin market is the same way. During certain times different types of coins may be on the move more than others. </p><p>&nbsp;</p><p>Look I can buy genric pre-1933 gold coins all day from different sources for an extremely low markup over the spot price of gold, get them certified, and instantly make $80-$100 per coin even when they are not in MS. Right now is a good time for that because people are buying gold. When the spot price goes up there is an added benefit, but there is also a tiny collector cushion built into generic pre-1933 gold. Gold American Eagles in VF30 would be hard to sell even at spot price(not that I actually come accross them), but&nbsp; this is not so with Quarter, Half, Eagles, and Double Eagles. Even non-collectors would rather have them when they buy gold coins because they are &quot;nostalgic&quot;, and yes many non-collectors buy gold coins as stores of wealth. Also when the gold price goes up, these coins move up in price at a slightly higher rate, and at certain times have traded for a hefty premium over the spot price.</p><p>&nbsp;</p><p>I am not advocating people use this strategy, but it is working form me, and just an example of how &quot;investing&quot; can work. If the gold price hits the floor I would definately not be making any money doing this; however it might be a good time to buy and hold pre-1933 generic gold, or maybe buy some other type of gold coins that suffered because of the drop. Like I said just an example of a way to invest, and their are a ton of other ways people make moeny in coins.</p><p>&nbsp;</p><p>Obviosly the crack out game works for some people. I really don&#039;t do that often because I actually believe that the TPG&#039;s are more consitent than they have been in the past, and most of the PQ coins in the old holders are hard to come by these days. The old holders is where people made alot of money because the TPG&#039;s were more strict in their first couple of years.</p><p>&nbsp;</p><p>Some coins like Indian Head gold peices are very hard to grade by design, and a lot of people are still tryng to exploit that weakness. </p><p>&nbsp;</p><p>Another example of making money in the market condition of the day is the whole state quarter/ presidential dollar thing. I mean come on.... people have made millions off of super high availability items. These coins are not rare AT ALL. My opinion is within the next couple of years people are going to realize it is going to have to be a millenia before these coins are ever worth anything.</p><p>&nbsp;</p><p>I used to go to the bank, get rolls of presidential dollars, and sell them to the local COIN SHOP for a small profit. I would just turn this into ASE&#039;s I invest in silver.</p><p>&nbsp;</p><p>Blah Blah on and on[/QUOTE]</p><p><br /></p>

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