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<p>[QUOTE=&quot;medoraman, post: 1595205, member: 26302&quot;]One of the primary reasons people do poorly &quot;investing&quot; in rare coins is the premium you pay and discount you incur when buying and selling. Lets take an average Joe or Jane. They go to the LCS or show and buy a &quot;pretty&quot; coin. They basically pay retail. Lets say 10 years later they decide to sell. They sell to the same person they bought from. That seller will offer them at best around 80% of the retail price. That 20% discount basically negated most of any profit.</p><p><br /></p><p>This is for the most part a BEST CASE scenario. Frequently a buyer disagrees with a grade of the coin, offers lower percentage of retail, Joe or Jane maybe bought a problem coin so will sell for less, etc etc. </p><p><br /></p><p>Yes, rare coins in magazines can show good returns, and it appears to be a nice financial alternative. But, real life and profits dealers need to make get in the way of this theoretical return. IF you are a dealer, and can sell your coin at full retail, and maybe buy at less than retail, you can make money &quot;investing&quot; in coins. If you are not, I will STRONGLY ADVISE to never &quot;invest&quot; in coins.</p><p><br /></p><p>It is a persuasive argument. I would love to sleep at night thinking the money I waste on coins are all good financial investments. I would love to convince myself I should buy a $1000 coin I covet for my family&#039;s &quot;financial security&quot;. I would love to do so, but I would be lying to myself. Its such a wonderful thought that this is why its repeated by coin salesmen so often. They wish to make a sale, and if they can lie to you and convince you its an &quot;investment&quot; you might be more inclined to buy.</p><p><br /></p><p>Please do not fall into this admittedly attractive trap.[/QUOTE]</p><p><br /></p>

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