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Message:: [QUOTE="4to2centBC, post: 2756883, member: 76181"]I agree with this and your previous comment. I have personally gone over (my limit) on a coin because one other person in the room wanted it also. Had they not been in the room, I would have paid 35% less. But even at my purchase price, it was a price that will likely hold. I have bought a coin for half the previous price because it was listed near the end of an auction. After a day of bidding, most people already had the coins they wanted or had already blown the budget. I was told once, early on, to never buy a coin based purely on its rarity. One new discovery can erase a high cost coin. Plus......dealers hold back stock, to control the supply side of the curve. What is rare today, could be common tomorrow. I don't buy any collectible as an investment. There are far better ways to invest money and get a better chance at a better return. I buy them for pleasure, knowing that I can gain or lose 20% over the course of the ownership. Having said that, I usually buy through auctions. When I have sold, it has been to or through a dealer. This way I minimize my cost and have some say in it's selling price. So far, I have come out ahead on all my sales. In some cases with a better return than any other investment. But that is atypical. If you can live with a limit on liquidity and are selective, you can still collect and not lose money (if you disregard opportunity costs).[/QUOTE]