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<p>[QUOTE="medoraman, post: 4652852, member: 26302"]I agree. I have an original H1 spade as well as many early pieces, (maybe 100 large Ban Liangs or more). I specialized mainly in early Chinese and esoteric pieces like Yuan pieces, so stuff I bought from Frank Robinson and others 20 years ago is doing well. </p><p><br /></p><p>You want to see crazy inflation, look at early Thai. I am glad I started 12 years ago, but wish I started 25 years ago. </p><p><br /></p><p>OTOH, you have US classic Commems and many other US series, as well as Russian that fell out of bed a decade ago. Always hit or miss. </p><p><br /></p><p>Even then no one in coin collecting count TVM in their "profit" calculation. Even large cents doubling in 10 years. Let's say $500 coin is now $1000. Well, the $500 coin at auction cost at least $600, (plus shipping) when commissions figured in. When selling, you get $800. So that coin that went from $500 value to $1000 value nets a collector $200. I show that is a compounded 3.3% return, and you had to take the risk of loss all of those years. That is if you "get lucky" and find the coins that will "double". </p><p><br /></p><p>So, want to make money in coin collecting? Be a dealer or TPG slabber. That is your best bet. A "trick" I use is to "collect" gold coins. I get enjoyment out of owning them, but I pay very little premium and use the gold as a hedge to my main investments. I could just be lying to myself, but its what I use to justify buying gold.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 4652852, member: 26302"]I agree. I have an original H1 spade as well as many early pieces, (maybe 100 large Ban Liangs or more). I specialized mainly in early Chinese and esoteric pieces like Yuan pieces, so stuff I bought from Frank Robinson and others 20 years ago is doing well. You want to see crazy inflation, look at early Thai. I am glad I started 12 years ago, but wish I started 25 years ago. OTOH, you have US classic Commems and many other US series, as well as Russian that fell out of bed a decade ago. Always hit or miss. Even then no one in coin collecting count TVM in their "profit" calculation. Even large cents doubling in 10 years. Let's say $500 coin is now $1000. Well, the $500 coin at auction cost at least $600, (plus shipping) when commissions figured in. When selling, you get $800. So that coin that went from $500 value to $1000 value nets a collector $200. I show that is a compounded 3.3% return, and you had to take the risk of loss all of those years. That is if you "get lucky" and find the coins that will "double". So, want to make money in coin collecting? Be a dealer or TPG slabber. That is your best bet. A "trick" I use is to "collect" gold coins. I get enjoyment out of owning them, but I pay very little premium and use the gold as a hedge to my main investments. I could just be lying to myself, but its what I use to justify buying gold.[/QUOTE]
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