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<p>[QUOTE="The_Cave_Troll, post: 396902, member: 1674"]mostly good advice all around. Investing in coins is exceptionally challenging and there are numerous pitfalls to avoid. The biggest problem is that coins are not fungible and appeal is an extremely important aspect of a knowlegable buyer offering on a coin. So to buy a coin properly you cannot simply shop for the best price because you will end up with a bunch of low quality coins that underperform when you try to sell them. You have to be a competent grader (even when buying slabbed coins) if you expect to be able to sell them for proper value down the road. As counterintuitive as it is it is common for the coins that sell for a premium to be the ones with the best chance to make an investor money.</p><p><br /></p><p>That said, I strongly advise that novice coin people refrain from considering numismatics an investment vehicle until they are very familiar with the process and have developed their coin buying and selling skills through practice. There are just too many mistakes to be made, and beginners routinely make them.[/QUOTE]</p><p><br /></p>
[QUOTE="The_Cave_Troll, post: 396902, member: 1674"]mostly good advice all around. Investing in coins is exceptionally challenging and there are numerous pitfalls to avoid. The biggest problem is that coins are not fungible and appeal is an extremely important aspect of a knowlegable buyer offering on a coin. So to buy a coin properly you cannot simply shop for the best price because you will end up with a bunch of low quality coins that underperform when you try to sell them. You have to be a competent grader (even when buying slabbed coins) if you expect to be able to sell them for proper value down the road. As counterintuitive as it is it is common for the coins that sell for a premium to be the ones with the best chance to make an investor money. That said, I strongly advise that novice coin people refrain from considering numismatics an investment vehicle until they are very familiar with the process and have developed their coin buying and selling skills through practice. There are just too many mistakes to be made, and beginners routinely make them.[/QUOTE]
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