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<p>[QUOTE="Mr. Coin Lover, post: 704256, member: 16060"]That was very interesting Doug, should be Coin Talk required reading for all new members, so many come here these days with the idea of coin investing.</p><p><br /></p><p>I'm sure though to someone like the Penny Lady she is right. That is her business and she is involved in coins I presume daily. I go to work to do what I do and she goes to work to do what she does, coins. I have no doubt with her exposure it is available to her to buy, sell, collect, and invest in coins.</p><p><br /></p><p>But to the "weekend warrior" who is very knowledgeable in coins it is extremely difficult even with some fortunate good luck at times. There are many people here that have a significant above average knowledge of coins and make no attempt to be a coin investor. There has to be a fundamental reason for this and I think also it is because coins are not good investments.</p><p><br /></p><p>The majority of my collection I have had for several years, and a year or so ago I know that say 40% of those coins were worth equal or more than what I paid. I'm not sure now because the market has withdrawn some, and I really don't care. My point is I'm sure if I figured in the inflation, taxes, and etc. they only appeared on the surface to be worth more.[/QUOTE]</p><p><br /></p>
[QUOTE="Mr. Coin Lover, post: 704256, member: 16060"]That was very interesting Doug, should be Coin Talk required reading for all new members, so many come here these days with the idea of coin investing. I'm sure though to someone like the Penny Lady she is right. That is her business and she is involved in coins I presume daily. I go to work to do what I do and she goes to work to do what she does, coins. I have no doubt with her exposure it is available to her to buy, sell, collect, and invest in coins. But to the "weekend warrior" who is very knowledgeable in coins it is extremely difficult even with some fortunate good luck at times. There are many people here that have a significant above average knowledge of coins and make no attempt to be a coin investor. There has to be a fundamental reason for this and I think also it is because coins are not good investments. The majority of my collection I have had for several years, and a year or so ago I know that say 40% of those coins were worth equal or more than what I paid. I'm not sure now because the market has withdrawn some, and I really don't care. My point is I'm sure if I figured in the inflation, taxes, and etc. they only appeared on the surface to be worth more.[/QUOTE]
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