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<p>[QUOTE=&quot;Mr. Coin Lover, post: 704116, member: 16060&quot;]If knowledge of coins would make one a good investor in coins then there would be alot of coin investors here.&nbsp; Instead we have alot of knowledgeable coin collectors here.&nbsp; This is for two reasons:</p><p><br /></p><p>#1- The majority of these people have this knowledge about coins because of love for hobby. The key word is hobby.</p><p><br /></p><p>#2- Armed with this knowledge most of these collectors realize the fact coins are not usually that good of an investment.&nbsp; If it were any other reason they would be investing.</p><p><br /></p><p>Also is it worth the time and effort?&nbsp; Let&#039;s say I get-up next Saturday morning and drive to a coin show and spend the better part of the driving to and from the show and looking at coins to buy as an investment.&nbsp; So I spend 6 to 7 hours and gas to purchase three coins I think are a good investment.&nbsp; I spend five thousand dollars on these three coins.&nbsp; I want to buy the highest grade possible to expect a better ROI.</p><p><br /></p><p>Six months to a year later I sell the three coins for a ten percent profit of $500.00. Was that good ? Let&#039;s say not bad at all.&nbsp; I post the results of my purchase and sale here on Coin Talk, and get congradulated by many.</p><p><br /></p><p>What I didn&#039;t post were my previous two outings and more or less the same thing with one difference.&nbsp; The other two on one I broke even and the other I actually had a loss of two percent.</p><p><br /></p><p>So now were these three trips of coin investing worth it? I think not.</p><p><br /></p><p>Some people got very lucky in &#039;09 flipping coins bought from the mint, and that is great for them. But, I think these circumstances only happen on rare occasions when the planets are in proper alignment.&nbsp; Most of the people here that made a few hundred flipping &#039;09 coins were just as shocked by it as a lot of the readers.</p><p><br /></p><p>The real estate market in Florida is horrible right now, but there are people making a fortune from it right now.&nbsp; Their story gets published in the paper and some individuals run out and try this themselves.&nbsp; They make a purchase on a home or condo that is definitely underpriced and they buy it for $0.58 on the dollar that it sold for during the peak. The problem is they are now $200,000.00 in debt and have to rent it out, that is how they planned on paying the mortgage until the market rebounds.</p><p><br /></p><p>They soon find they can&#039;t rent it for anywhere close to the monthly payment,&nbsp; let alone association fees. A real problem is lurking because the air-conditioning two months from now is going kaput that will cost $3000.00 to fix.</p><p><br /></p><p>My point is that people do make money investing in coins.&nbsp; The problem is if it were that easy and worth the time and effort many people here would be doing it.&nbsp; It is not nothing less than a fact most collectors that have been around for many years say coin investing is not the all that good, they know what they are talking about.[/QUOTE]</p><p><br /></p>

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