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<p>[QUOTE="Cloudsweeper99, post: 59991, member: 3011"]On this Independence Day, I'd just like to say that I'm a great believer in independent thinking and a do-it-yourself mentality. Investment advisors who are truly good don't need clients because they can make all the money in the world investing for their own account. The rest are salespersons, whether they work on commission or at an hourly rate. But back to collectibles. Old baseball cards are valuable because everyone's parents threw them out. When people starting putting them away by the case, they ceased to be financially worthwhile to collect. Any coin being saved by the roll by vast numbers of collectors is unlikely to work out well financially, so hopefully the collectors like to look at them. As many knowledgeable people state on this forum over and over, things like key date coins and anything scarce and high quality should outperform the new nickels and state quarters over a long period of time. About the only thing not likely to be financially rewarding in coin collecting is getting caught up in the current popular mania and grossly overpaying for things. Of course, this is only the opinion of an investor with severe numismatic deficiencies -- me.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 59991, member: 3011"]On this Independence Day, I'd just like to say that I'm a great believer in independent thinking and a do-it-yourself mentality. Investment advisors who are truly good don't need clients because they can make all the money in the world investing for their own account. The rest are salespersons, whether they work on commission or at an hourly rate. But back to collectibles. Old baseball cards are valuable because everyone's parents threw them out. When people starting putting them away by the case, they ceased to be financially worthwhile to collect. Any coin being saved by the roll by vast numbers of collectors is unlikely to work out well financially, so hopefully the collectors like to look at them. As many knowledgeable people state on this forum over and over, things like key date coins and anything scarce and high quality should outperform the new nickels and state quarters over a long period of time. About the only thing not likely to be financially rewarding in coin collecting is getting caught up in the current popular mania and grossly overpaying for things. Of course, this is only the opinion of an investor with severe numismatic deficiencies -- me.[/QUOTE]
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