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<p>[QUOTE=&quot;johnmilton, post: 26416560, member: 101855&quot;]I collect coins for fun. The profits are a byproduct.</p><p><br /></p><p>Key dates become key dates because they are the scarcest coins in a series. When you buy nothing but those dates you are saying that series collecting, like building a set of Indian Cents, Morgan Dollars or Lincoln Cents is a waste of time. Are you forming a set of key dates, or are you dealing in speculative items where the hobby is left behind?</p><p><br /></p><p>Years ago I observed that coins whose prices rise beyond the levels which true collectors are willing to pay have become items for speculation. When the market is nothing buy a group of speculators buying and selling among themselves, the merry go round will stop some day. The collectors make the market.[/QUOTE]</p><p><br /></p>

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