Reply to Thread

Message:: [QUOTE="About Good, post: 1102423, member: 21547"]And let me tell you why...Most of you know I have collected Lincoln cents for a while now,...And even some silver along the way, meaning silver state quarters, a roll of american eagle's., franklins, silver ike's. etc..., oh and even morgan and peace dollars...even maple leaf's dollars... So , I was thinking, if the shtf (stuff hits the fan), or if silver/gold takes a dive, or coins in general, I don't want to be holding the bag. I think it is time to sell, sell, sell.... I want to collect cash, and isn't what we all want? why do we hold onto silver? or gold for that matter? Or our coins? Is it really for the purpose of collecting? regardless of what prices do? Like it or not we are ALL in the precious metal business to an extent. I mean, Yes, we collect, But we ALSO want a somewhat return for our investment... Don't even try to say, "I collect to collect", Because, if you have ever consulted a price guide for any coin, you are concerned about price in some fashion....meaning you are concerned about investing a sum amount of money...  So, why do we collect? I collect to hand down to my children, it's also a passion of mine...but I am concerned about return on investment as well... Let me ask you this, If you knew you could sell your collection today for a 40% profit for what you bought it for, would you sell it...???, and then just give the proceeds to your children or significant other?? Or if you knew in 1 year, that your profit would be just 10% , would you just hold on?  And keep holding on?  Letting things drop where they may ?[/QUOTE]

Log in or Sign up

Reply to Thread

Useful Searches