Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
The benefits of investing in coins
>
Reply to Thread
Message:
<p>[QUOTE="GDJMSP, post: 703509, member: 112"]It's not whether an opinion counts or not, rather it's how likely it is for that opinion to be correct.</p><p><br /></p><p>Now, other than somebody who sells coins for a living, please tell me why it is that collectors who have spent their entire lives collecting coins, pretty much always tell ya the same thing - that coins do not make a good investment.</p><p><br /></p><p>Now you're probably gonna say oh there's lots of folks who think coins are a good investment. And you're right, there are. But ask them how many of them have ever sold their collections ? Not just a coin here and there - sold their entire collections. I'll betcha you will find that not 5% of them have done so.</p><p><br /></p><p>So how do they know yet whether it was a good investment or not ?</p><p><br /></p><p>You see, I'm not talking about opinions. I'm talking about facts. Actual events that have taken place - not maybe somewhere down the road. And not just my own either, but countless others. And I can tell you that based on actual events, facts, that coins very, very, very seldom turn out to be good investments. </p><p><br /></p><p>I would estimate, and I'm saying estimate because I don't have verifiable numbers at my fingertips to show you, that less than 1% of collectors ever show a profit on their collections.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 703509, member: 112"]It's not whether an opinion counts or not, rather it's how likely it is for that opinion to be correct. Now, other than somebody who sells coins for a living, please tell me why it is that collectors who have spent their entire lives collecting coins, pretty much always tell ya the same thing - that coins do not make a good investment. Now you're probably gonna say oh there's lots of folks who think coins are a good investment. And you're right, there are. But ask them how many of them have ever sold their collections ? Not just a coin here and there - sold their entire collections. I'll betcha you will find that not 5% of them have done so. So how do they know yet whether it was a good investment or not ? You see, I'm not talking about opinions. I'm talking about facts. Actual events that have taken place - not maybe somewhere down the road. And not just my own either, but countless others. And I can tell you that based on actual events, facts, that coins very, very, very seldom turn out to be good investments. I would estimate, and I'm saying estimate because I don't have verifiable numbers at my fingertips to show you, that less than 1% of collectors ever show a profit on their collections.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
The benefits of investing in coins
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...