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<p>[QUOTE="medoraman, post: 2246356, member: 26302"]If you are one who is investing in ancient coins in order to resell them, that is fine. I would say, though, most here are simply collectors who buy what they like and is interesting to them with no concern about resale value.</p><p><br /></p><p>Someone who buys for resale has to investigate marketability of coins, and only buy those coins which are easily marketable, like Athenian tets, etc. While I own a couple of these, I buy what I find interesting, not caring a whit if very few other people would ever want to own it. Sogdian coins are a prime example. They come from a culture no one has ever heard of, with no written history to speak of, are mainly bronzes, very few collectors collect them, and due to soil conditions come pretty ugly. Everything single thing I just wrote is a huge negative to resale value. I simply do not care, and because of all of this can buy VERY rare coins for much less than what a VF Athenian tet would cost me. Do I CARE that my heirs will probably not get back all of the money I spent on them? Not one bit. It gave ME pleasure to collect them, and in that regard whatever my family sells them for is 100% profit, since I got as much or more pleasure out of them than the cost. That statement simply is not true if you simply buy coins for resale. Buying to resell by definition means you are not buying coins that give you the most pleasure.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 2246356, member: 26302"]If you are one who is investing in ancient coins in order to resell them, that is fine. I would say, though, most here are simply collectors who buy what they like and is interesting to them with no concern about resale value. Someone who buys for resale has to investigate marketability of coins, and only buy those coins which are easily marketable, like Athenian tets, etc. While I own a couple of these, I buy what I find interesting, not caring a whit if very few other people would ever want to own it. Sogdian coins are a prime example. They come from a culture no one has ever heard of, with no written history to speak of, are mainly bronzes, very few collectors collect them, and due to soil conditions come pretty ugly. Everything single thing I just wrote is a huge negative to resale value. I simply do not care, and because of all of this can buy VERY rare coins for much less than what a VF Athenian tet would cost me. Do I CARE that my heirs will probably not get back all of the money I spent on them? Not one bit. It gave ME pleasure to collect them, and in that regard whatever my family sells them for is 100% profit, since I got as much or more pleasure out of them than the cost. That statement simply is not true if you simply buy coins for resale. Buying to resell by definition means you are not buying coins that give you the most pleasure.[/QUOTE]
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