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<p>[QUOTE="dougsmit, post: 832990, member: 19463"]Unfortunately, there is a downside to collecting something no one else wants. Dealers won't buy it so you have no where to go to find it. Years ago I started collecting Eastern mint denarii of Septimius Severus and, with the aid of half a dozen friends, ruined that hobby by educating too many people that they exist. Now I have moved into a few new fields and people laugh at why anyone would want that - of course they don't have any. </p><p> </p><p>What drives up prices is not the number of interested collectors but the number of people who think they can make a fast buck on the coins. The hot stuff of today will crash and burn someday when another fad (stocks?, real estate?) takes over. I just hope I don't run out of new things to collect before the crash comes and collectors can start over. Offer dealer 'B' the coin you just bought from dealer 'A' and let me know how long it will take for 'Buy retail; sell wholesale' to be profitable. If you enjoy the coins while you have them, all is good. If you don't, you lose. </p><p> </p><p>Encourage young collectors. They will be the ones to buy your collection from your grandkids.[/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 832990, member: 19463"]Unfortunately, there is a downside to collecting something no one else wants. Dealers won't buy it so you have no where to go to find it. Years ago I started collecting Eastern mint denarii of Septimius Severus and, with the aid of half a dozen friends, ruined that hobby by educating too many people that they exist. Now I have moved into a few new fields and people laugh at why anyone would want that - of course they don't have any. What drives up prices is not the number of interested collectors but the number of people who think they can make a fast buck on the coins. The hot stuff of today will crash and burn someday when another fad (stocks?, real estate?) takes over. I just hope I don't run out of new things to collect before the crash comes and collectors can start over. Offer dealer 'B' the coin you just bought from dealer 'A' and let me know how long it will take for 'Buy retail; sell wholesale' to be profitable. If you enjoy the coins while you have them, all is good. If you don't, you lose. Encourage young collectors. They will be the ones to buy your collection from your grandkids.[/QUOTE]
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