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Message:: [QUOTE="GDJMSP, post: 1073205, member: 112"]kernel - you should consider this. Here is what Morgans have done in the past 3 years. So you are correct, they have gone down. <img src="http://www.pcgs.com/images/graphs/mpeace5graph.gif" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /> But then you should look at what has happened to the coin market as a whole over the same period, that includes Barber halves. <img src="http://www.pcgs.com/images/graphs/index5graph.gif" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /> What I'm trying to show you is that it greatly depends on when you look at what's going on with the coin market, just as much as what actually is going on at the present time. What it comes down to is that the coin market is very cyclical - it bounces up and down like a yo-yo. And because of that in order for you to come out ahead you not only have to pick the right time to buy, as well as the right thing to buy, you also have to choose the right time to sell. Otherwise you are probably going to lose your shirt. And keep in mind, even if you picked an item like Barber halves graded 65 and above, you still have to pick the right coins from among that bunch. And I don't mean just those of a certain date or a certain mint. You will have say 3 to 10 1897-S coins all graded MS65 by PCGS and you have to pick the single right coin out of that bunch - and be right. Or again you will lose your shirt. Bottom line - there's a lot to be right about in order to win, but to lose you only have to get one thing wrong out of many and you will lose. So the odds are against you. Collect coins because you enjoy it and forget about trying to pick a winner.[/QUOTE]

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