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What do you see as currently over-hyped coins?
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<p>[QUOTE="medoraman, post: 26469085, member: 26302"]Yeah, the only "money" I have earned in the hobby, (in quotes since I never sell), is from PM stuff like buying silver at $4 and gold at $500 and simply age. Most stuff you bought in the 1980s or 90s is worth more today. Beside that, the only reliable way of "making money", (again theoretical since I do not sell), I found was buying into hoards and holding. A recent example is the athenian tetradrachms that hit the market the last 5 years. I bought many around $400-500 that used to be $1500. Well today they are back to $1000 at least as the huge hoard is finally dissipating. </p><p><br /></p><p>Other than that, coins, especially for collectors, should not be viewed as a money making scheme. My mindset is that I buy coins I love and the price I paid is made up for in my enjoyment. I basically "use up" the value in my pleasure. If my heirs sell for some money then good for them, but I spent what I spent solely for my personal enjoyment. I feel most collectors should have this mindset and only spend "hobby money" on coins, NEVER "investment money". The buy/sell spread is way too huge for that to be a profitable mindset.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 26469085, member: 26302"]Yeah, the only "money" I have earned in the hobby, (in quotes since I never sell), is from PM stuff like buying silver at $4 and gold at $500 and simply age. Most stuff you bought in the 1980s or 90s is worth more today. Beside that, the only reliable way of "making money", (again theoretical since I do not sell), I found was buying into hoards and holding. A recent example is the athenian tetradrachms that hit the market the last 5 years. I bought many around $400-500 that used to be $1500. Well today they are back to $1000 at least as the huge hoard is finally dissipating. Other than that, coins, especially for collectors, should not be viewed as a money making scheme. My mindset is that I buy coins I love and the price I paid is made up for in my enjoyment. I basically "use up" the value in my pleasure. If my heirs sell for some money then good for them, but I spent what I spent solely for my personal enjoyment. I feel most collectors should have this mindset and only spend "hobby money" on coins, NEVER "investment money". The buy/sell spread is way too huge for that to be a profitable mindset.[/QUOTE]
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