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<p>[QUOTE="Troodon, post: 4025606, member: 4626"]I agree with that sentiment essentially but I still wouldn't say such a sentiment has anything to do with investment; it's just being an educated consumer and ensuring your getting your money's worth when making a purchase. I'm certainly not opposed to that, but I'm doing so just to make sure I'm not overpaying for a coin I want; it has nothing to do with what that coin will ever be worth in the future, so it's still not "investing." Any money I spend on a coin I want is never lost. And I'd never buy a coin I don't want regardless of how much I think it may appreciate in value.</p><p><br /></p><p><br /></p><p><br /></p><p>I guess our disagreement then is just a matter of semantics, because I do agree with the principles you're advocating for... I just don't consider them as having anything to do with investing. You're using "investing/investment" to mean things I would never use them to mean. What you're describing isn't "investment strategy" it's just being an educated consumer. To me "investing" strictly means attempting to grow your wealth, and thus buying something as an "investment" strictly means buying it with hopes it will appreciate in value, and that appreciation can be realized when it is sold. I don't "invest" in coins with the hopes of selling them at a profit; I buy coins because they're coins I want to own because I find them aesthetically pleasing and/or interesting. That's a pretty clear distinction in my way of thinking and why I don't associate "investing" with "collecting" (and why I get annoyed when people act like the two things are inseparably intertwined). One can certainly do both, but they're still entirely different and separate things.</p><p><br /></p><p><br /></p><p><br /></p><p>Well I'm certainly not one of those collectors then! If all my coins became worthless tomorrow, I wouldn't enjoy them any less, because the pleasure I got from owning them never had anything to do with what they're worth. And that's the sentiment behind my insistence that I'm a collector of coins, not an investor in them.[/QUOTE]</p><p><br /></p>
[QUOTE="Troodon, post: 4025606, member: 4626"]I agree with that sentiment essentially but I still wouldn't say such a sentiment has anything to do with investment; it's just being an educated consumer and ensuring your getting your money's worth when making a purchase. I'm certainly not opposed to that, but I'm doing so just to make sure I'm not overpaying for a coin I want; it has nothing to do with what that coin will ever be worth in the future, so it's still not "investing." Any money I spend on a coin I want is never lost. And I'd never buy a coin I don't want regardless of how much I think it may appreciate in value. I guess our disagreement then is just a matter of semantics, because I do agree with the principles you're advocating for... I just don't consider them as having anything to do with investing. You're using "investing/investment" to mean things I would never use them to mean. What you're describing isn't "investment strategy" it's just being an educated consumer. To me "investing" strictly means attempting to grow your wealth, and thus buying something as an "investment" strictly means buying it with hopes it will appreciate in value, and that appreciation can be realized when it is sold. I don't "invest" in coins with the hopes of selling them at a profit; I buy coins because they're coins I want to own because I find them aesthetically pleasing and/or interesting. That's a pretty clear distinction in my way of thinking and why I don't associate "investing" with "collecting" (and why I get annoyed when people act like the two things are inseparably intertwined). One can certainly do both, but they're still entirely different and separate things. Well I'm certainly not one of those collectors then! If all my coins became worthless tomorrow, I wouldn't enjoy them any less, because the pleasure I got from owning them never had anything to do with what they're worth. And that's the sentiment behind my insistence that I'm a collector of coins, not an investor in them.[/QUOTE]
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