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<p>[QUOTE=&quot;World Colonial, post: 2415562, member: 78153&quot;]There are people who buy coins primarily for &quot;investment&quot;, probably at least tens of thousands considering the active collector base in the US numbers in the vicinity of two million or more (my guesstimate).&nbsp; There isn&#039;t any reason to believe most of them are any more successful than buyers of mainstream asset classes (such as stocks, real estate and bonds) and considering the lack of liquidity, transaction costs and their probable knowledge base, almost certainly do worse financially.</p><p><br /></p><p>Some buyers do so strictly for &quot;investment&quot;, some do so for a combination of both and others treat it as a hobby and an alternative consumption expense.</p><p><br /></p><p>I believe most are primarily collector but if spending &quot;real money&quot; buy with an eye toward future resale.&nbsp; This is evident in the current trend of more and more of the funds going into fewer and fewer higher grade/quality and more expensive coins.</p><p><br /></p><p>I will occasionally buy a coin for &quot;investment&quot; if I consider it a particularly good value but mostly, I treat it as a collectible.&nbsp; I buy my coins with a future sale in mind but still only collect the series I like.&nbsp; I sometimes avoid coins I believe will be&nbsp; financial losers (such as &quot;details&quot; coins) but I&#039;m not going to collect a coin I like less than those I buy now even if I happen to believe it is a better financial value. </p><p><br /></p><p>Within my series, I like some of them more than others.&nbsp; For example, I am not buying South Africa Union or ZAR now because I believe I will be able to buy them for less later and the coins aren&#039;t as hard to buy as they used to be.&nbsp; Alternatively, I focus on Spanish colonial pillars and sometimes might have paid what might turn out to be too much or &quot;stupid&quot; money (since some almost never come up for sale) but don&#039;t care as long as I bought what I actually think I did.</p><p><br /></p><p>If you do not understand this mentality, its because you are either not a real collector or place the financial aspects first.&nbsp; If you do, nothing wrong with that but you might as well know it about yourself and don&#039;t fool yourself into believing otherwise.[/QUOTE]</p><p><br /></p>

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