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<p>[QUOTE="-jeffB, post: 4022791, member: 27832"]This was the other hobby-killer I was going to name: the disconnect between coin-store or eBay prices, "book value", and what you get when <i>you</i> go to sell one of your coins.</p><p><br /></p><p>I remember as a little kid thinking that I'd gotten a <i>steal</i> when I picked a Buffalo nickel for 25 cents that was listed in the Red Book at $2. Of course, the Red Book price was inflated, and the nickel probably had either a restored date or a bunch of damage. But because I never tried to sell it, I didn't get my dreams killed.</p><p><br /></p><p>Nobody new to the hobby seems to understand how "book prices" work (or fail to work), or how coin dealers stay in business. (Hint: it isn't by selling you a coin for $5, and then buying it back for $6.)</p><p><br /></p><p>So maybe the <i>real</i> killer here is the expectation that "coins are an investment". If your main interest is "striking it rich", this isn't the <i>hobby</i> for you, and probably isn't the <i>business</i> for you either.[/QUOTE]</p><p><br /></p>
[QUOTE="-jeffB, post: 4022791, member: 27832"]This was the other hobby-killer I was going to name: the disconnect between coin-store or eBay prices, "book value", and what you get when [I]you[/I] go to sell one of your coins. I remember as a little kid thinking that I'd gotten a [I]steal[/I] when I picked a Buffalo nickel for 25 cents that was listed in the Red Book at $2. Of course, the Red Book price was inflated, and the nickel probably had either a restored date or a bunch of damage. But because I never tried to sell it, I didn't get my dreams killed. Nobody new to the hobby seems to understand how "book prices" work (or fail to work), or how coin dealers stay in business. (Hint: it isn't by selling you a coin for $5, and then buying it back for $6.) So maybe the [I]real[/I] killer here is the expectation that "coins are an investment". If your main interest is "striking it rich", this isn't the [I]hobby[/I] for you, and probably isn't the [I]business[/I] for you either.[/QUOTE]
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