Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
What is the difference??
>
Reply to Thread
Message:
<p>[QUOTE="bhp3rd, post: 815730, member: 16510"]<b>I'll tell you what do - take a full 10 years in coin collecting</b></p><p><br /></p><p>I'll tell you what do - take a full 10 years in coin collecting, dealing, buying, selling, and trading and then respond to the question, "is coin collecting a good investment"?</p><p>I would be willing to bet that persons who think coins are a great investment have been in it less than three years!</p><p> </p><p>The very best coin dealer I know, and he has at least $900,000 on his table at any given show, still only hopes to earn 10% accross the board on 99% of transactions. Sure there are times when he hit's a better lick and makes more but then take away the time spent, (about 45 hours a week at least), (heck I spend 30 hours on my little stuff), the phone calls, the internet expense, the safes, (he has three and they cost between $7000 and $9000 each, your travel, your supplies (in show cases, ballistic cases, lights, etc. you can easily have $5000 in that), banking taxes, well, you start to see where this is going I hope.</p><p> </p><p><b>Can you make money, yes, can you make some big money, sometimes, is it a good investment, it's fair and only if you work very hard and for a long time at it. </b></p><p><b><br /></b></p><p><b></b>[/QUOTE]</p><p><br /></p>
[QUOTE="bhp3rd, post: 815730, member: 16510"][b]I'll tell you what do - take a full 10 years in coin collecting[/b] I'll tell you what do - take a full 10 years in coin collecting, dealing, buying, selling, and trading and then respond to the question, "is coin collecting a good investment"? I would be willing to bet that persons who think coins are a great investment have been in it less than three years! The very best coin dealer I know, and he has at least $900,000 on his table at any given show, still only hopes to earn 10% accross the board on 99% of transactions. Sure there are times when he hit's a better lick and makes more but then take away the time spent, (about 45 hours a week at least), (heck I spend 30 hours on my little stuff), the phone calls, the internet expense, the safes, (he has three and they cost between $7000 and $9000 each, your travel, your supplies (in show cases, ballistic cases, lights, etc. you can easily have $5000 in that), banking taxes, well, you start to see where this is going I hope. [B]Can you make money, yes, can you make some big money, sometimes, is it a good investment, it's fair and only if you work very hard and for a long time at it. [/B][/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
What is the difference??
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...