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Thinking of purchasing a 1909 S VDB ms65 Red or RB
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<p>[QUOTE="BooksB4Coins, post: 2372162, member: 36230"]But non-collectors are not the ones who will be coughing up the money to buy it down the road, so their interest and knowledge of the coin should have no influence on your decision to purchase one. </p><p><br /></p><p>I realize that "<i>hefty profit</i>" was mentioned in regards to a different type, but still seems to indicate that this is your expectations for the S VDB you may buy. If so you, unfortunately, may very well be setting yourself up for a fall, at least if my definition of "<i>hefty</i>" matches or is anything close to yours. A "<i>numismatic investment</i>" in collectible level material should only be viewed in the way the one gentleman stated earlier in this thread...</p><p><br /></p><p>"<i>As long as you use the prudent numismatist's definition of "investment" as "retaining value," rather than "appreciation over time</i>."</p><p><br /></p><p>This, in my most humble opinion and due to experience, is the wisest approach one can take when "investing" in (collectible level) coins as their simply are no guarantees. The established demand and popularity of this coin in no way means that it <i>will</i> significantly increase in value (especially in future dollars) enough to offer you an absolute equally significant return. In fact a better case can likely be made that without a significant increase in interest/demand, the likelihood of a <i>"hefty profit</i>", if looking at the big picture, are fairly small.</p><p><br /></p><p>Perhaps ten or more years down the road when the time comes to sell you'll be one of the fortune in being able to pocket a then-retail price for the coin, but more often than not this isn't what happens, and should be kept in the back of your mind when making any purchase. I'm not talking only about the hit one would take selling to a dealer, but the cost (and/or risk) associated with most venues should be taken into consideration, and a reasonable exit strategy put in place before hand. It's your money to do with as you see fit, but just take care to see <i>only</i> what is there and not what you want to.[/QUOTE]</p><p><br /></p>
[QUOTE="BooksB4Coins, post: 2372162, member: 36230"]But non-collectors are not the ones who will be coughing up the money to buy it down the road, so their interest and knowledge of the coin should have no influence on your decision to purchase one. I realize that "[I]hefty profit[/I]" was mentioned in regards to a different type, but still seems to indicate that this is your expectations for the S VDB you may buy. If so you, unfortunately, may very well be setting yourself up for a fall, at least if my definition of "[I]hefty[/I]" matches or is anything close to yours. A "[I]numismatic investment[/I]" in collectible level material should only be viewed in the way the one gentleman stated earlier in this thread... "[I]As long as you use the prudent numismatist's definition of "investment" as "retaining value," rather than "appreciation over time[/I]." This, in my most humble opinion and due to experience, is the wisest approach one can take when "investing" in (collectible level) coins as their simply are no guarantees. The established demand and popularity of this coin in no way means that it [I]will[/I] significantly increase in value (especially in future dollars) enough to offer you an absolute equally significant return. In fact a better case can likely be made that without a significant increase in interest/demand, the likelihood of a [I]"hefty profit[/I]", if looking at the big picture, are fairly small. Perhaps ten or more years down the road when the time comes to sell you'll be one of the fortune in being able to pocket a then-retail price for the coin, but more often than not this isn't what happens, and should be kept in the back of your mind when making any purchase. I'm not talking only about the hit one would take selling to a dealer, but the cost (and/or risk) associated with most venues should be taken into consideration, and a reasonable exit strategy put in place before hand. It's your money to do with as you see fit, but just take care to see [I]only[/I] what is there and not what you want to.[/QUOTE]
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Thinking of purchasing a 1909 S VDB ms65 Red or RB
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