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<p>[QUOTE=&quot;medoraman, post: 1709917, member: 26302&quot;]Excellent article. </p><p><br /></p><p>It is a seductive thought, though, one which at times tries to seduce myself. What better than thinking you can own an expensive coin which you desire with the rational that its an &quot;investment&quot;. Calling something an &quot;investment&quot; rather than a hobby purchase self justifies the expenditure. Which, of course, is why so, so many coin dealers tirelessly try to promote the idea. They know that there are not a lot of their customers who can afford a $4000 draped bust dollar or Roman gold coin as &quot;hobby money&quot;. Convince them, though, that its just as safe an &quot;investment&quot; as land, mutual funds, etc, and you have a much higher chance of moving that coin. And that, selling their coins, is bottom line what they worry about. They are not interested in your financial future, they wish to sell you things, and will use any argument they believe might open up your wallet.</p><p><br /></p><p>That is fair though. They are in the business of selling coins, and are salesmen. I do not judge poorly this tactic, any more than any other salesman pitches. The fault, of course, is of those who put investment money into a hobby.</p><p><br /></p><p>Enjoy your coins as a hobby. Consider the money gone as soon as you buy a coin. For most collectors, they will lose money in coin collecting. Its still worth it to me for the pleasure of the knowledge and friendships I gain from participating. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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