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<p>[QUOTE=&quot;GDJMSP, post: 9602, member: 112&quot;]In my opinion far too many collectors - especially those relatively new to the hobby - suffer from a mistaken perception. That being that it is easy to make money from buying and selling coins. Well let me tell ya folks - it is not. It is likely the farhtest thing from easy there is.</p><p><br /></p><p>Take a look at any coin dealer you can find. Do they drive big fancy cars or live in mansions ? No - they drive cars and live in homes just like the rest of us. They work very hard trying to squeeze a profit out of their business and it&#039;s much tougher to do that than with many other businesses. </p><p><br /></p><p>Another reason many collectors think it is easy to make a profit selling coins is because of the price guides. They buy a coin for a given price - but then they look up the value in the price guides and say - WOW I got a deal !! </p><p><br /></p><p>Well you likely didn&#039;t get a deal. If you were able to purchase a coin for $XX then that&#039;s likely all it is worth. Which means that is all anybody else would pay for it as well. In fact you probably could have bought the very same coin in as good or better condition for even less if you had shopped around enough.</p><p><br /></p><p>Any collector that wants to know the reality of the coin business can find out what it is truly like. Just try selling a few of your coins. I would venture that unless you have owned these coins for many years that you will receive substantially less than you paid for them. If you are lucky - you will break even. You do not show a profit in a business by breaking even.[/QUOTE]</p><p><br /></p>

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