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What do you see as currently over-hyped coins?
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<p>[QUOTE="Publius2, post: 26469398, member: 105571"]Hear! Hear! I view my cost of collecting as a rental fee for the pleasure provided.</p><p><br /></p><p>If you go a movie, the rental fee for pleasure is entirely consumed (especially at their popcorn prices). If you buy a car, there is a huge depreciation and any pleasure gained comes at a high cost.</p><p>Coins mostly have a relatively low rental cost, at least if held for a while. It helps to judiciously choose your purchases and not overpay. But even with the overhead costs associated with selling, most of the coins I purchased four or five years ago were sold in the past year at slightly higher or lower in nominal dollars than my purchase price. So, my rental fee was essentially the opportunity cost of that initial cash outlay.</p><p><br /></p><p>As I write, I'm prepping a shipment of raw and certified coins to go to GC for auction. I have identified those that are likely to do well for me and those that will disappoint. That will be another lesson in what to buy and what to steer clear of. Nothing educates like failure![/QUOTE]</p><p><br /></p>
[QUOTE="Publius2, post: 26469398, member: 105571"]Hear! Hear! I view my cost of collecting as a rental fee for the pleasure provided. If you go a movie, the rental fee for pleasure is entirely consumed (especially at their popcorn prices). If you buy a car, there is a huge depreciation and any pleasure gained comes at a high cost. Coins mostly have a relatively low rental cost, at least if held for a while. It helps to judiciously choose your purchases and not overpay. But even with the overhead costs associated with selling, most of the coins I purchased four or five years ago were sold in the past year at slightly higher or lower in nominal dollars than my purchase price. So, my rental fee was essentially the opportunity cost of that initial cash outlay. As I write, I'm prepping a shipment of raw and certified coins to go to GC for auction. I have identified those that are likely to do well for me and those that will disappoint. That will be another lesson in what to buy and what to steer clear of. Nothing educates like failure![/QUOTE]
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