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<p>[QUOTE=&quot;Cloudsweeper99, post: 63821, member: 3011&quot;]I can&#039;t resist throwing out a comment in response to the suggestions to buy key dates and high quality coins only.&nbsp; If profiting from coin collecting was that simple, everyone would be rich.&nbsp; It sounds more like complacency than strategy.&nbsp; But the situation is slightly more complicated than that, and the problem with offering simple answers to complex questions is that complex questions don&#039;t have simple answers.</p><p><br /></p><p>It is highly possible that the reason key dates and high grade coins have outperformed common date and medium grade coins in the past is that the premium between them was small(er) compared to today.&nbsp; Now, in many cases, the premium for key dates and gem brilliant uncirculated coins is gigantic.&nbsp; This naturally leaves the impression that this is the best way to collect because that&#039;s the way it was in the past.&nbsp; It is possible that the gap will only widen over time and never narrow, but it is equally possible that the gap is already too wide.&nbsp; Maybe a 1916D Mercury dime is worth $800 in good condition.&nbsp; But which is more likely to occur?&nbsp; Is the Merc more likely to go from $800 to $1600, or a common date MS62 St Gaudens more likely to go from $600 to $1200?&nbsp; Is the Merc more likely to go to $400 or the Saint to $300? These are the choices, and bets, that the collector has to make in deciding what to collect assuming that part of the goal is not to lose money.&nbsp; I don&#039;t think the choice is simple at all.&nbsp; All I know is that it isn&#039;t likely that the gap will reach infinity.&nbsp; At some price, the rare coin will not be the better buy, but nobody rings a bell to tell you when that is.&nbsp; I know that some people will enjoy owning the MS66 over the MS62 or rare coin over the common regardless of how absurdly high the price differential becomes, but they will also have to be willing to risk a large financial loss for the psychic gain.</p><p><br /></p><p>I have no idea how high the price of high quality and key date coins will get before they hit the ceiling relative to their more common brethern.&nbsp; Sometimes it is easier to know what will happen than when.&nbsp; But I get nervous when the advice is given to buy them regardless of price, as long as the price is the going price.</p><p><br /></p><p>I hope I&#039;ve made my points clear, whether you agree or disagree.&nbsp; The issue seems important to me.[/QUOTE]</p><p><br /></p>

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