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<p>[QUOTE="Boxeldercoin, post: 1523362, member: 28494"]Buying coins as a investment is a fine idea if, and I say this again, IF YOU KNOW WHAT YOU ARE DOING. I have been investing and collecting rare coins for over 40 years. I have made some great profits and made some bonehead moves also. But show me anyone who buys stocks or bonds who has not done the same thing. When buying coins as a investment knowledge is power. Know what are the key dates, what is original and what has been cleaned and which grading company coins will bring you more profit. Coins right now in PCGS holders will bring more money than the other grading service. As a rule right now this is true overall. You will also need to go to as many coin shows and auctions that you can just to see what is selling and what is not. I go to as many shows as I can and just listen to the major dealers talking about which coins are common and which coins are hard to find. And if you know any coin club around go to their meeting and listen. After a while you will be able to tell who knows coins and who is full of hot air. I have found that the person who speaks the most and thinks he knows everything is the one to stay away from. I had a GREAT teacher in a dealer friend of mine, ( Joe Kaminski ) who told me buy coins that are so outstanding or rare that even in a poor coin market everyone will want to buy them from you. Dealers like Joe are hard to find. Jim[/QUOTE]</p><p><br /></p>
[QUOTE="Boxeldercoin, post: 1523362, member: 28494"]Buying coins as a investment is a fine idea if, and I say this again, IF YOU KNOW WHAT YOU ARE DOING. I have been investing and collecting rare coins for over 40 years. I have made some great profits and made some bonehead moves also. But show me anyone who buys stocks or bonds who has not done the same thing. When buying coins as a investment knowledge is power. Know what are the key dates, what is original and what has been cleaned and which grading company coins will bring you more profit. Coins right now in PCGS holders will bring more money than the other grading service. As a rule right now this is true overall. You will also need to go to as many coin shows and auctions that you can just to see what is selling and what is not. I go to as many shows as I can and just listen to the major dealers talking about which coins are common and which coins are hard to find. And if you know any coin club around go to their meeting and listen. After a while you will be able to tell who knows coins and who is full of hot air. I have found that the person who speaks the most and thinks he knows everything is the one to stay away from. I had a GREAT teacher in a dealer friend of mine, ( Joe Kaminski ) who told me buy coins that are so outstanding or rare that even in a poor coin market everyone will want to buy them from you. Dealers like Joe are hard to find. Jim[/QUOTE]
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