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Message:: [QUOTE="rhoggman, post: 397519, member: 13987"]Before I say anything I want to say for a majority of collectors/ collections your theory isn't worth disputing because it is most likely correct. I do not disagree with you at all. The same is true for "day traders", and much for the same reason(s). It has a lot to do with money and how much you have. Obviously this changes the horizon, and your opportunities. That goes without saying. I will continue to argue that coins can still be a good investment albiet not for everyone. You don't have to have millions of dollars on hand for this to be true. Just like the stock market you can make money with less than 5k, but your profits are much smaller. I would also have to say that if you make money selling a coin collection, and it is less than $100,000 the reason no body hears about it is because nobody cares. It is not enough money for people to get excited about considering single coins sell for much more money. If I make $300 selling a single coin WHO CARES? Just like nobody cares if I make $1,000 selling 103 shares of my gold ETF last Friday. Who is going to report that?  I'm sorry but it is completey ridiculous to make blanket comments about not being able to make money on coins unless you are a millionaire. I know people in my area who buy and sell coins constantly. They don't have coins shops.... They might be dealers, but I garuntee they are not millionaires. I did see a couple of the guys set up a coin show in the local area. Do you think people wake up one day and just become coin dealers? No.. they enjoy it, and they have found a way to make money off of it. One of the most influential dealers in the country wrote a book about becoming a dealer. He is now a multi-millionaire, but he did not start out that way.  Please tell me I am a liar, that I don't make money on coins, or that I must be a millionaire if I do. I don't have a massive collection of key-date finest known coins either. I also don't have any statehood quarters. I learned my lesson on "mint collectibles". NOBODY WANTS THEM! They are very hard to resell even if they are slabbed. I consider modern commems junk silver, and that is how I purchase them if I do. Anyways.... The point is there are plenty of regular people making money on coins. They are not all riduculously rich people in some "club of insiders" who buy cheap and sell for millions. They are also not people who buy stuff at coin shops and then sell them to the general public. So if you think you are going to make money going to coin shops... You are wrong.... If you think you are going to go online and buy from APMEX, or Gainesville Coins, and then resale for a a profit you are wrong! If you comb through auction sites, and local classified ads you can make money. If you build relationships with other people who buy and sell coins you can make money. If you are willing to be patient you can make money. If you can control yourself and do things deliberately... you can make money.  There are people on this forum who have been into coins for a long time, and I am beggining to wonder if they know what I am saying is true, but just do not want to proclaim it.  It is obvious to me if the millions of people selling coins on ebay are all losing money then that market should start to shrink. Personally I don't sell on E-Bay, but people do, and it must be related to making money. My local dealer checks the prices on e-bay before he checks the grey-sheet prices, or at least for certain items. I guess I am supposed to believe that ebay is the "club of millionaires who make money on coins". YOU CAN MAKE MONEY ON COINS, AND YOU CAN BE SUCCESSFUL WITHOUT MILLIONS OF DOLLARS!!!!! TO SAY OTHERWISE IS TO IGNORE REALITY!!!! Respectfully, Ryan[/QUOTE]

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