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<p>[QUOTE="rrholdout, post: 2899854, member: 89654"]I remember reading this advice from GDJMSP a few months ago in an earlier thread. I guess it's broad enough to fit any investment. But it's still excellent advice that I often think of. If key dates/rarities are often considered the best sure thing, then with coins, just like anything else, rewards are proportional to risks.</p><p><br /></p><p>Coins as an investment kind of blur the lines unlike other investments due to their range of values - history/bullion/currency/art. There's just about something there for everyone. So it's easy to get carried away with a personal bias and attachment. </p><p><br /></p><p>Another consideration is that collectors are often willing to pay more for a coin than an investor - counting on a maturation of value to pay off in the long run. The savvy investor often wants an instantly realized profit - like they say - "You make money when you buy".</p><p><br /></p><p>I break up buyers into 4 groups; Melters, Bargain-Hunters, Investors, and Collectors; in order of willing to pay the least to pay the most. I think the 2 groups in the middle do best, from an investment standpoint. Ultimately we're just hoping to move a finite # of coins up the value ladder to the most appreciative 'end user'.[/QUOTE]</p><p><br /></p>
[QUOTE="rrholdout, post: 2899854, member: 89654"]I remember reading this advice from GDJMSP a few months ago in an earlier thread. I guess it's broad enough to fit any investment. But it's still excellent advice that I often think of. If key dates/rarities are often considered the best sure thing, then with coins, just like anything else, rewards are proportional to risks. Coins as an investment kind of blur the lines unlike other investments due to their range of values - history/bullion/currency/art. There's just about something there for everyone. So it's easy to get carried away with a personal bias and attachment. Another consideration is that collectors are often willing to pay more for a coin than an investor - counting on a maturation of value to pay off in the long run. The savvy investor often wants an instantly realized profit - like they say - "You make money when you buy". I break up buyers into 4 groups; Melters, Bargain-Hunters, Investors, and Collectors; in order of willing to pay the least to pay the most. I think the 2 groups in the middle do best, from an investment standpoint. Ultimately we're just hoping to move a finite # of coins up the value ladder to the most appreciative 'end user'.[/QUOTE]
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