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<p>[QUOTE=&quot;ToughCOINS, post: 2898940, member: 20480&quot;]There is an important distinction that should be pointed out here Doug.</p><p><br /></p><p>Pure collectors approach their purchases differently than do pure investors.&nbsp; </p><p><br /></p><p>Collectors generally acquire coins to complete sets, which include a large number of common items, and therefore build in a fair amount of downside.&nbsp; If they focused only on acquiring the most challenging of coins, leaving the commons out, their returns would almost certainly be far more attractive, and the 95% would likely be much smaller.</p><p><br /></p><p>Investors are generally not so beholden to set-building and, unshackled by that constraint, acquire only those coins which are much better prospects for appreciation.</p><p><br /></p><p>The difference in approaches is very significant, as most of us were brought up by &quot;the industry&quot; to fill albums . . . a long-ago marketing invention of some of the most enterprising dealers in this field.</p><p><br /></p><p>I&#039;m not saying that it&#039;s bad to build sets . . . I&#039;ve done that, and enjoyed it very much, but that delivers a different sort of reward than acquiring a select few coins from each series, and resisting the temptation to collect them all.&nbsp; </p><p><br /></p><p>That reward is satisfaction of a different kind, and very hard to put a price on.[/QUOTE]</p><p><br /></p>

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