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<p>[QUOTE=&quot;GDJMSP, post: 1583647, member: 112&quot;]It&#039;s not puzzling at all, at least not to me. You&#039;re selling your coins 1 at a time, to individual collectors. I sold mine, vast majority anyway, all at the same time, to a dealer.</p><p><br /></p><p>You are/were collecting and then selling &quot;popular&quot; coins. You were following the trend, your coins are among those that &quot;everybody&quot; collects. I always preferred to set my own trend, and collect exceptional examples of coins that few others collected. You sold because you had to, I sold because I wanted to.</p><p><br /></p><p>Throw in the timing issue and you have the rest of the explanation. I sold my US collection just as the huge upswing of the past decade was starting. I knew it was going to happen and knew that coins I wanted to collect were going to get too dang expensive. You are selling after that huge upswing has peaked and then dropped off. I helped to set the trend of switching to world coins, but sold before they too underwent a huge upswing.</p><p><br /></p><p>Now had I done everything differently timing wise, instead of a loss I would have shown a huge profit. But I wasn&#039;t interested in profit and have never based my decisions for buying or selling on profit. I always collected coins because I liked them. And that&#039;s the thing about timing, you never know whether the timing was right or wrong until years later. Of course that&#039;s what they say about hindsight, it&#039;s wonderful stuff because it&#039;s always right <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /></p><p><br /></p><p>I have said time and time again Paul, to make money by buying and selling coins several things are necessary, several things have to happen. 1 - buy the right coins. 2 - buy at the right price. 3 - buy at the right time. 4 - sell at the right price. 5 - sell at the right time. 6 - be lucky enough to do all of those things right.</p><p><br /></p><p>Miss even one of those things or get one of them wrong, and you will lose money. That is a given. Of course if it was easy, everybody would be rich. The fact that not everybody is rich, proves that it isn&#039;t easy at all. It is very, very difficult.</p><p><br /></p><p>But I have no regrets because as I said, profit was never my motive for collecting coins. It should never be anybody&#039;s motive. I am merely relating the facts as they happened so people will have some sort of realistic expectations regarding their collections. Which is - don&#039;t expect to show a profit because odds are, you will not.[/QUOTE]</p><p><br /></p>

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