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Why is it SOOOOO hard to save up for coins?!?!?
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<p>[QUOTE="dougsmit, post: 2664155, member: 19463"]Actually selling is not even a perfect sign of value. For example, I won some coins in an auction last month which means that I was willing to pay more than anyone else. That does not mean that I could put those coins back up for sale and get my 'investment' back. There might possibly have been just one fool willing to pay that price. Valentinian's example of the coin worth $25 (maybe) is a good example of a popular business model in the hobby. You price everything at ten times a reasonable number and discount it to only 5X reasonable convincing the exactly one fool that he was getting half off rather than paying 5X. If you do this with enough coins, you might make enough money to keep it up. </p><p><br /></p><p>I sold most of my stamps for a loss, too. All I collected were US before 1861. People with loose money prefer monkeys?[/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 2664155, member: 19463"]Actually selling is not even a perfect sign of value. For example, I won some coins in an auction last month which means that I was willing to pay more than anyone else. That does not mean that I could put those coins back up for sale and get my 'investment' back. There might possibly have been just one fool willing to pay that price. Valentinian's example of the coin worth $25 (maybe) is a good example of a popular business model in the hobby. You price everything at ten times a reasonable number and discount it to only 5X reasonable convincing the exactly one fool that he was getting half off rather than paying 5X. If you do this with enough coins, you might make enough money to keep it up. I sold most of my stamps for a loss, too. All I collected were US before 1861. People with loose money prefer monkeys?[/QUOTE]
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Why is it SOOOOO hard to save up for coins?!?!?
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