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<p>[QUOTE="-jeffB, post: 2636826, member: 27832"]And I'm going to say the exact opposite. Start with the easy coins, and go for the tough ones <b>once you know what you're doing</b>. Doing the opposite is a recipe for being taken to the cleaners, and ending up with coins that impress a newbie but depress a knowledgeable collector.</p><p><br /></p><p>Coins often go up in value, but not, overall, more than the rate of inflation. Ideally, your income will go up over time too. Sure, I'd love to be able to go back and buy gem double eagles at the prices of my childhood -- but how was I going to scrape together $100 as a child, with an allowance of fifty cents a week?</p><p><br /></p><p>This is probably a good time to repost Doug's favorite chart, showing the aggregate performance of a basket of "tough coins":</p><p><br /></p><p><img src="http://www.pcgs.com/PCGSMedia/graphs/indexallgraph.gif" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /> </p><p><br /></p><p>Do I regret not buying keys in the 1970's? Kind of, although as above, I didn't have much to work with. Do I regret not buying keys in the late 80's, or even "buying the dip" in 1991? Not so much.[/QUOTE]</p><p><br /></p>
[QUOTE="-jeffB, post: 2636826, member: 27832"]And I'm going to say the exact opposite. Start with the easy coins, and go for the tough ones [B]once you know what you're doing[/B]. Doing the opposite is a recipe for being taken to the cleaners, and ending up with coins that impress a newbie but depress a knowledgeable collector. Coins often go up in value, but not, overall, more than the rate of inflation. Ideally, your income will go up over time too. Sure, I'd love to be able to go back and buy gem double eagles at the prices of my childhood -- but how was I going to scrape together $100 as a child, with an allowance of fifty cents a week? This is probably a good time to repost Doug's favorite chart, showing the aggregate performance of a basket of "tough coins": [IMG]http://www.pcgs.com/PCGSMedia/graphs/indexallgraph.gif[/IMG] Do I regret not buying keys in the 1970's? Kind of, although as above, I didn't have much to work with. Do I regret not buying keys in the late 80's, or even "buying the dip" in 1991? Not so much.[/QUOTE]
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