Message:

<p>[QUOTE=&quot;lackluster, post: 761094, member: 21103&quot;]After being an avid collector from early 70&#039;s to mid 80&#039;s or so, I basically left coin collecting to switch to stock market/ investing.&nbsp; I loved coins but prices were falling w/bullion and stocks seemed better.&nbsp; </p><p>Now here we are w/bullion up and my coin interest is back.&nbsp; I actually ordered some thing from the mint this year and have started attending shows again.</p><p>However, I wonder how wise it is to collect again.&nbsp; Even though I loved the coins the main purpose was to make money or shall I say grow my money.&nbsp; There are so many things in this hobby that make me wonder if it is really wise to be in.</p><p>1. It is so easy to get sucked in to the hype of certain things.&nbsp; I remember $130 73 brown Ike( which I still have one).&nbsp; And all the ms 63 and 64 $1 slabs that have fallen alot.&nbsp; Seems very similar to the ms 69/70 slabbed modern coins being sold now.</p><p>2. Many, it seems the majority of coins are overgraded and I feel almost no collectors are expert at grading what they buy.</p><p>3.&nbsp; The fake coins and fake slabs are very scary, you are buying slabs for protection, but what will you really have 8-10 yrs from now?</p><p>4.&nbsp; Many nice coins stored in flips (which basically everyone used) now have PVC damage.&nbsp; How do you know what you are using today is really safe.</p><p>5.&nbsp; Many coins are doctored(dipped, art. toned etc.) as they have always been which leads to much uncertanty about what you really have. </p><p>6.&nbsp; The need to slab everything for a true grade/or ultra high grade-I have never sent a coin in but wonder if I should.&nbsp; Have bu 72 dd and some nice&nbsp; barber stuff (unslabbed).&nbsp; The slabbed companies are making all the cash.&nbsp; Also have some early PCGS type coins that I bought slabbed in the 80&#039;s early days (green label stuff)</p><p>&nbsp;</p><p>I&#039;m just not sure of the logic behind buy and hold.&nbsp; It can be a cruel thing to find out what you save has deteriorated or declined in value.&nbsp; Buy and resell I understand (moving your items for a small profit in short order).&nbsp; I still love the coins and I really do like these forums, I can&#039;t wait to throw up some photos and see what I really know.&nbsp; Although you really don&#039;t know what anyone on here knows?</p><p>&nbsp;</p><p>Just random thoughts,</p><p>&nbsp;</p><p>LackLuster[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in