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<p>[QUOTE="crystalk64, post: 59988, member: 1873"]Cloudsweeper you have just stated what I have been trying to say all along. If you are looking for fast money, stay out of coins but if you can enjoy what you are doing and plan for the long haul coins are a very good investment if, (big IF here) you MUST buy wisely or buy intitial issues. Try to avoid the secondary market on modern coins.</p><p>Now I will say I would NOT recommend sending ANYONE to a professional for advice. What constitutes a professional? A sign on your desk? A college degree? I would however recommend many of the people right here who have 20, 30 or 40 years under their belt collecting coins. They have been there and done that! It seems there are many who seem to think they need someone else how to make or lose their money? Kind of lends to the national trend of it is someone else's fault isn't it? For Pete's sack take the initiative and do it YOURSELF! Thats what coin collecting is all about. Start the hobby or find a series of coins and go with it. Your best bet is to buy the nicest coins you can afford, be patient and learn to pass up the coins that are way over priced. Eventually you will learn the hobby, you will know the risks and at the same time you will find a whole new enjoyment that has escaped you until then! We would all like to think our collections will increase in value so it is not a far fetched dream but most of us quit worrying about that years ago and set our sights on filling albums or obtaining type sets or those individual coins WE JUST HAVE TO HAVE. Prices and selling will come later, hopefully much later and until that time just enjoy them.</p><p><br /></p><p>Would like to make one other point concerning these new nickels if I may. Yes, eveyone is hoarding them but many folks have yet to see one. What will have to happen to get those pesky hoarders to put some back on the market? The Peace Medal P is already at the $16 per roll and NO ONE is selling them back in this area. Many coins, especially moderns, will experience spikes in prices and they may not last very long but if you watch the market and your selling price is reached....sell the darn things and if not....just sit back and enjoy them. Sooner or later, if one is patient good things will come your way but NOT OVERNIGHT! Last but not least, I have made far more money in the last 5 years, per money involved, in coins that I have stocks and I did that MYSELF. I have developed a real problem paying out my hard earned money for someone to lose for me! I can do that myself also![/QUOTE]</p><p><br /></p>
[QUOTE="crystalk64, post: 59988, member: 1873"]Cloudsweeper you have just stated what I have been trying to say all along. If you are looking for fast money, stay out of coins but if you can enjoy what you are doing and plan for the long haul coins are a very good investment if, (big IF here) you MUST buy wisely or buy intitial issues. Try to avoid the secondary market on modern coins. Now I will say I would NOT recommend sending ANYONE to a professional for advice. What constitutes a professional? A sign on your desk? A college degree? I would however recommend many of the people right here who have 20, 30 or 40 years under their belt collecting coins. They have been there and done that! It seems there are many who seem to think they need someone else how to make or lose their money? Kind of lends to the national trend of it is someone else's fault isn't it? For Pete's sack take the initiative and do it YOURSELF! Thats what coin collecting is all about. Start the hobby or find a series of coins and go with it. Your best bet is to buy the nicest coins you can afford, be patient and learn to pass up the coins that are way over priced. Eventually you will learn the hobby, you will know the risks and at the same time you will find a whole new enjoyment that has escaped you until then! We would all like to think our collections will increase in value so it is not a far fetched dream but most of us quit worrying about that years ago and set our sights on filling albums or obtaining type sets or those individual coins WE JUST HAVE TO HAVE. Prices and selling will come later, hopefully much later and until that time just enjoy them. Would like to make one other point concerning these new nickels if I may. Yes, eveyone is hoarding them but many folks have yet to see one. What will have to happen to get those pesky hoarders to put some back on the market? The Peace Medal P is already at the $16 per roll and NO ONE is selling them back in this area. Many coins, especially moderns, will experience spikes in prices and they may not last very long but if you watch the market and your selling price is reached....sell the darn things and if not....just sit back and enjoy them. Sooner or later, if one is patient good things will come your way but NOT OVERNIGHT! Last but not least, I have made far more money in the last 5 years, per money involved, in coins that I have stocks and I did that MYSELF. I have developed a real problem paying out my hard earned money for someone to lose for me! I can do that myself also![/QUOTE]
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