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<p>[QUOTE="rick, post: 59567, member: 1235"]This is a question that comes up often - what coins make a good investment?</p><p> </p><p>My answer would be something like this:</p><p> </p><p>Coin investing is financially tough and incredibly risky. There is no simple answer, because successful investing, even in numismatics, is not a product you buy, but a process you apply... that sounded a little suess-ish.</p><p> </p><p>In short, you need to educate yourself more than an average collector and the average dealer, because you need to anticipate their purchasing trends - you need to know what they want before they do. Not an easy thing, when you really think about it. Before you can expect to make a sound investment choice for the future, have you researched what the smart moves 'would have been' a year ago - two years ago - etc.? What are dealers stocking up on - what coins have prices now, that are already inflated?</p><p> </p><p>If collectors are encouraged to 'read the book before you buy the coin', coin investors should read three or four - in half the time.</p><p> </p><p>See, the question causes a little bit of a catch 22. If you can make good coin investments, you know enough that you don't need to ask the question. And if you need to ask the question, there is no answer that will help.[/QUOTE]</p><p><br /></p>
[QUOTE="rick, post: 59567, member: 1235"]This is a question that comes up often - what coins make a good investment? My answer would be something like this: Coin investing is financially tough and incredibly risky. There is no simple answer, because successful investing, even in numismatics, is not a product you buy, but a process you apply... that sounded a little suess-ish. In short, you need to educate yourself more than an average collector and the average dealer, because you need to anticipate their purchasing trends - you need to know what they want before they do. Not an easy thing, when you really think about it. Before you can expect to make a sound investment choice for the future, have you researched what the smart moves 'would have been' a year ago - two years ago - etc.? What are dealers stocking up on - what coins have prices now, that are already inflated? If collectors are encouraged to 'read the book before you buy the coin', coin investors should read three or four - in half the time. See, the question causes a little bit of a catch 22. If you can make good coin investments, you know enough that you don't need to ask the question. And if you need to ask the question, there is no answer that will help.[/QUOTE]
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