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<p>[QUOTE=&quot;Jaelus, post: 3983897, member: 46237&quot;]The above is also what I do. I buy coins for my personal sets which I don&#039;t necessarily buy with the intention of upgrading or selling later, but sometimes I get a great deal. I also buy coins for resale with the intention of making money. I lose money on some coins, though most I upgrade I can about break even. The coins I buy for resale I make money overall on, and then there&#039;s the occasional cherrypick that I make a significant amount of money on. Overall I come out ahead.</p><p><br /></p><p>As they say, you make or lose money when you buy the coin. There&#039;s a lot of truth to that, though if you&#039;re holding coins for a long time, there&#039;s also some luck (with educated guesses as to what will appreciate). Knowing the market very well for the type of material you collect will enable you to see where the value is, and that helps with being profitable in the long run.</p><p><br /></p><p>The most important factor is a numismatic education. Research, research, research. Not just the prices, but the coins themselves. That&#039;s what pays off.[/QUOTE]</p><p><br /></p>

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