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<p>[QUOTE="kirispupis, post: 8319834, member: 118780"]Sorry, but I'm just not getting buying ancient coins purely as an investment. </p><ul> <li>Auction houses add ~20% to the purchase price, which must be recovered if selling for a profit. In addition, my understanding is many houses charge the seller 10%.</li> <li>A new hoard can drastically change the value of some coins.</li> <li>The most desirable coins change as a fashion. It can be difficult predicting which issues will be all the rage a few years from now.</li> <li>We all have stories of coins we purchased for similar values or less than they were 20 or so years ago.</li> </ul><p>This all adds up to the fact that it's extraordinarily difficult to make money investing in ancient coins. What isn't difficult, though, is enjoying their history and having fun collecting pieces of it.</p><p><br /></p><p>As an aside, I'm very much a type 1 (for the fun) collector. I'm a type 2 collector for real estate. There, it's possible to make a 400% return in a year and you have a lot more control over things than with coins.</p><p><br /></p><p>I guess I should be glad that people invest in ancient coins (and coins in general), because it leaves fewer competitors in the areas that actually make money.[/QUOTE]</p><p><br /></p>
[QUOTE="kirispupis, post: 8319834, member: 118780"]Sorry, but I'm just not getting buying ancient coins purely as an investment. [LIST] [*]Auction houses add ~20% to the purchase price, which must be recovered if selling for a profit. In addition, my understanding is many houses charge the seller 10%. [*]A new hoard can drastically change the value of some coins. [*]The most desirable coins change as a fashion. It can be difficult predicting which issues will be all the rage a few years from now. [*]We all have stories of coins we purchased for similar values or less than they were 20 or so years ago. [/LIST] This all adds up to the fact that it's extraordinarily difficult to make money investing in ancient coins. What isn't difficult, though, is enjoying their history and having fun collecting pieces of it. As an aside, I'm very much a type 1 (for the fun) collector. I'm a type 2 collector for real estate. There, it's possible to make a 400% return in a year and you have a lot more control over things than with coins. I guess I should be glad that people invest in ancient coins (and coins in general), because it leaves fewer competitors in the areas that actually make money.[/QUOTE]
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