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<p>[QUOTE="omahaorange, post: 1353559, member: 28199"]The problem with the grammar and punctuation is... If it's hard to read, most people, including myself, will just stop and move on to the next topic. Also, poor writing skills destroys any credibility to the post, so some on here will simply think "troll" and move on. Your defense of poor writing skills only further erodes your credibity. You came on here to ask for help. Take it as it comes.</p><p><br /></p><p>With that said, let's get back on topic. I can't believe you've researched this for over a year, and still seem clueless. You have received a lot of good advice here. Let me throw in my two cents.</p><p><br /></p><p>You need to decide if you want to be a collector or an investor. This needs to be the first choice. You mention buying cheap and selling high. To make any money doing this you need to lose the word "cheap". Any significant profit will come only after significant time and investment. Profit comes with time. It won't be instantaneous. Roll hunting is an option, as long as you realize not every roll of dollars will be all Morgans, nor every roll of dimes mostly silver. You could go through hundreds of rolls before scoring any significant silver. The same applies with error coins. I'm not knocking roll hunting. But you should understand the process.</p><p><br /></p><p>As a collector, I am not interested in turning a profit. I collect simply for the enjoyment I get finding the coins I want. I rarely sell anything, and when I do it's things I don't want, but accumulated anyway (proof and mint coins from sets I bought and broke apart for the one I wanted is an example) and this money gets turned into the coins I do want. I became a collector when my wife and I inherited several boxes of coins and currency when my mother-in-law passed away. I looked into what we could get selling, but as the research went on, my interest increased. It was the first time I had ever seen a Morgan dollar, and I was in my late 40's at the time. The money to be made (couple thousand dollars) wasn't needed at the time, and sent me in pursuit of more interesting coins and currency.</p><p><br /></p><p>I admire you wanting to build something to pass on to your kids, and can relate to your grandmother's story. I have a four year old granddaughter who loves to sit with papap and look at coins (I have told this story before). I hope she continues the interest, but even if she doesn't, she gets the collection when I'm gone. Even if she sells it for less than I paid, she makes 100 percent profit simply because she has no money invested in it.</p><p><br /></p><p>Start small. Lincoln cents are a good place to start. Relatively cheap, and you can find many in your pocket change. Jefferson nickels is another choice. Again, cheap and readily available. Build sets, learn the history of the coins. As you complete one set move on to the next. Save your money for the more expensive coins you like.</p><p><br /></p><p>Bottom line is, no one can tell you what to collect or invest in. The advice "buy what pleases <b>you</b>" is the best advice you'll get. Don't collect with the aim of getting rich. This will take more than 10 or twenty years, and you'll risk losing interest and moving on. In that case, it is better to find another hobby (a hobby is, after all, something to do that you derive pleasure from). If you're looking at an investment, think long term. You won't become Warren Buffet overnight, and again, losing interest bcause it isn't moving fast enough is simply wasting money.[/QUOTE]</p><p><br /></p>
[QUOTE="omahaorange, post: 1353559, member: 28199"]The problem with the grammar and punctuation is... If it's hard to read, most people, including myself, will just stop and move on to the next topic. Also, poor writing skills destroys any credibility to the post, so some on here will simply think "troll" and move on. Your defense of poor writing skills only further erodes your credibity. You came on here to ask for help. Take it as it comes. With that said, let's get back on topic. I can't believe you've researched this for over a year, and still seem clueless. You have received a lot of good advice here. Let me throw in my two cents. You need to decide if you want to be a collector or an investor. This needs to be the first choice. You mention buying cheap and selling high. To make any money doing this you need to lose the word "cheap". Any significant profit will come only after significant time and investment. Profit comes with time. It won't be instantaneous. Roll hunting is an option, as long as you realize not every roll of dollars will be all Morgans, nor every roll of dimes mostly silver. You could go through hundreds of rolls before scoring any significant silver. The same applies with error coins. I'm not knocking roll hunting. But you should understand the process. As a collector, I am not interested in turning a profit. I collect simply for the enjoyment I get finding the coins I want. I rarely sell anything, and when I do it's things I don't want, but accumulated anyway (proof and mint coins from sets I bought and broke apart for the one I wanted is an example) and this money gets turned into the coins I do want. I became a collector when my wife and I inherited several boxes of coins and currency when my mother-in-law passed away. I looked into what we could get selling, but as the research went on, my interest increased. It was the first time I had ever seen a Morgan dollar, and I was in my late 40's at the time. The money to be made (couple thousand dollars) wasn't needed at the time, and sent me in pursuit of more interesting coins and currency. I admire you wanting to build something to pass on to your kids, and can relate to your grandmother's story. I have a four year old granddaughter who loves to sit with papap and look at coins (I have told this story before). I hope she continues the interest, but even if she doesn't, she gets the collection when I'm gone. Even if she sells it for less than I paid, she makes 100 percent profit simply because she has no money invested in it. Start small. Lincoln cents are a good place to start. Relatively cheap, and you can find many in your pocket change. Jefferson nickels is another choice. Again, cheap and readily available. Build sets, learn the history of the coins. As you complete one set move on to the next. Save your money for the more expensive coins you like. Bottom line is, no one can tell you what to collect or invest in. The advice "buy what pleases [B]you[/B]" is the best advice you'll get. Don't collect with the aim of getting rich. This will take more than 10 or twenty years, and you'll risk losing interest and moving on. In that case, it is better to find another hobby (a hobby is, after all, something to do that you derive pleasure from). If you're looking at an investment, think long term. You won't become Warren Buffet overnight, and again, losing interest bcause it isn't moving fast enough is simply wasting money.[/QUOTE]
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