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Wise sage still holds true after all these years.
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<p>[QUOTE="John Anthony, post: 1845163, member: 42773"]It's good advice, but like anything, you can go overboard. Not being savvy about the market can be dangerous to your wallet. </p><p><br /></p><p>Also, I'm mystified by the occasional comment such as, "I don't care what happens after I die. I'll will my collection to my family and they can deal with it, etc." Why are some collectors so cavalier about their coins? What if the family members know nothing of coins and only manage to get pennies on the dollar for them? Would you treat any other asset in such a nonchalant way? Any of your property?</p><p><br /></p><p>If none of my family members ever take any serious interest in coins, I will sell them off myself before I depart this mortal orb, and use the money to pass on something they are interested in.</p><p><br /></p><p>Enjoying a hobby and being smart about your spending are <u>not</u> mutually exclusive. It not an either/or proposition.[/QUOTE]</p><p><br /></p>
[QUOTE="John Anthony, post: 1845163, member: 42773"]It's good advice, but like anything, you can go overboard. Not being savvy about the market can be dangerous to your wallet. Also, I'm mystified by the occasional comment such as, "I don't care what happens after I die. I'll will my collection to my family and they can deal with it, etc." Why are some collectors so cavalier about their coins? What if the family members know nothing of coins and only manage to get pennies on the dollar for them? Would you treat any other asset in such a nonchalant way? Any of your property? If none of my family members ever take any serious interest in coins, I will sell them off myself before I depart this mortal orb, and use the money to pass on something they are interested in. Enjoying a hobby and being smart about your spending are [U]not[/U] mutually exclusive. It not an either/or proposition.[/QUOTE]
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