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<p>[QUOTE="andrew289, post: 160310, member: 6463"]Thank you for the focus.</p><p> </p><p>Let me rephrase, in my humble opinion, Coin collecting is not meant to be for investment purposes. It's for the love of the hobby. Chasing down the missing key date is what drives you no matter what grade you find it in.</p><p> </p><p>There are people who do invest in coins. I am one of them. But then again I realize how risky it is and I'm willing to take my chances. Myself and those other millions that do, I feel are speculators more than collectors. They are more concerend about the bottom line and profit margin.</p><p> </p><p>I also realize that some modern issue coins can double, tripple, quadruple in price with the blink of an eye. Very similar to the way stocks can take off with the announcement of good news.</p><p> </p><p>Picking the next hot coin is a lot like picking the next hot stock. What you need to realize is that one coin or one stock will not make you rich. You get rich by having a variety of investments that are diversified (not all your eggs in one basket). </p><p> </p><p>All the complaints that I hear is that the mint released the unc W as a single coin. Why would that be bad news? Sure its not limited to 30,000 as one once thought but does it really matter. If you have the sucess or failure of your life dependeant on the release of 2 coins, I feel bad for you. Sometimes you win and sometimes, your stock tanks. It's part of the market. Roll with it and stop the crying already... <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="andrew289, post: 160310, member: 6463"]Thank you for the focus. Let me rephrase, in my humble opinion, Coin collecting is not meant to be for investment purposes. It's for the love of the hobby. Chasing down the missing key date is what drives you no matter what grade you find it in. There are people who do invest in coins. I am one of them. But then again I realize how risky it is and I'm willing to take my chances. Myself and those other millions that do, I feel are speculators more than collectors. They are more concerend about the bottom line and profit margin. I also realize that some modern issue coins can double, tripple, quadruple in price with the blink of an eye. Very similar to the way stocks can take off with the announcement of good news. Picking the next hot coin is a lot like picking the next hot stock. What you need to realize is that one coin or one stock will not make you rich. You get rich by having a variety of investments that are diversified (not all your eggs in one basket). All the complaints that I hear is that the mint released the unc W as a single coin. Why would that be bad news? Sure its not limited to 30,000 as one once thought but does it really matter. If you have the sucess or failure of your life dependeant on the release of 2 coins, I feel bad for you. Sometimes you win and sometimes, your stock tanks. It's part of the market. Roll with it and stop the crying already... :)[/QUOTE]
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