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<p>[QUOTE=&quot;dougsmit, post: 3222905, member: 19463&quot;]Never believe anything that Smith guy says.&nbsp; He is a total amateur and still buys absolute garbage by most standards.<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie93" alt=":troll:" unselectable="on" unselectable="on" />&nbsp; The point being made in that statement is that poor coins are hard to sell so you might be stuck with them if you abandon the hobby.&nbsp; I have not yet abandoned the hobby and have a number of coins that I no longer want for one reason or another.&nbsp; They served me well in terms of education and I know a lot more about ancient coins than most people who only buy mint state coins encased in plastic with &quot;all you need to know&quot; labels.&nbsp; In the last year I have given away quite a few of these coins (not all on CT!!!) to people I hope will find them fun, educational and not run straight to eBay to cash them in.</p><p><br /></p><p>The point is that Gavin quoted referred only to the cash, investment part of coin collecting.&nbsp; Buying 100 $10 coins (or 10 $100 coins) will expose you to many times the education that buying one $1000 perfect gem.&nbsp; What you have to decide is why you are buying coins.&nbsp; If what you want is profit, low end coins are not a good financial investment.&nbsp; If what you want is an understanding of a wide variety of coins, the single perfect coin will do you relatively no good until you sell it.&nbsp; Then you are finished.&nbsp; The education of 100 $10 coins (<u>carefully selected, not a bulk uncleaned lot</u>) will help you become ready to make better choices when you are ready to buy those $1000 coins.&nbsp; When you are starting out, you really do not know how you will feel in a decade or five.&nbsp; The best you can do is ask yourself honestly if the coins you are buying are tuition toward your numismatic education or nothing more than a financial investment you believe would be more lucrative than stocks and bonds.&nbsp; This week I bought coins ranging from $3 to $700.&nbsp; They are both money gone from me forever because I have no intention of ever selling either one of them.&nbsp; Will the expensive one serve my life goals, my happiness or my brainpower better than the cheap one?&nbsp; Maybe! Over 200 times as well?&nbsp; Maybe not?&nbsp; Ask yourself what fits your situation and act accordingly.[/QUOTE]</p><p><br /></p>

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