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<p>[QUOTE="GDJMSP, post: 397370, member: 112"]Perhaps one of the reasons that collectors have long considered coins as a good investment is because of what they see and read about on an almost constant basis - the reports of collection sales bringing millions of dollars.</p><p><br /></p><p>But think about that for a minute. When you hear about some collection bringing record prices - exactly what coins are included in that collection ? Are they the same coins that you collect ? For that matter are they the same coins that anybody you even know collects ?</p><p><br /></p><p>I'd wager they are not. Sure, you or someone you know may have a few of these coins - but is your entire collection made up of them ? No it isn't. And there is no corrolary between your collections and those auctioned collections you read about.</p><p><br /></p><p>Those collections are made up of the best of the best. They contain coins where most all of them are key dates, where most of them are among the highest grades known for date and mint. They contain coins that are considered true rarities. And that is why they bring record prices and profits.</p><p><br /></p><p>But you never hear about John Q. Public selling his collection. Why ? Because John lost money on his collection when he sold it because John's collection was made up of common coins in common grades. </p><p><br /></p><p>So yeah, if you are a multi-millionaire then you can invest in coins and reasonably expect to show a profit. But otherwise - forget about it.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 397370, member: 112"]Perhaps one of the reasons that collectors have long considered coins as a good investment is because of what they see and read about on an almost constant basis - the reports of collection sales bringing millions of dollars. But think about that for a minute. When you hear about some collection bringing record prices - exactly what coins are included in that collection ? Are they the same coins that you collect ? For that matter are they the same coins that anybody you even know collects ? I'd wager they are not. Sure, you or someone you know may have a few of these coins - but is your entire collection made up of them ? No it isn't. And there is no corrolary between your collections and those auctioned collections you read about. Those collections are made up of the best of the best. They contain coins where most all of them are key dates, where most of them are among the highest grades known for date and mint. They contain coins that are considered true rarities. And that is why they bring record prices and profits. But you never hear about John Q. Public selling his collection. Why ? Because John lost money on his collection when he sold it because John's collection was made up of common coins in common grades. So yeah, if you are a multi-millionaire then you can invest in coins and reasonably expect to show a profit. But otherwise - forget about it.[/QUOTE]
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