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<p>[QUOTE="GDJMSP, post: 656088, member: 112"]Sorry, but you are wrong on this count. Realizing a profit from selling a coin collection you may have had for years, decades even, is not as easy as most people seem to think.</p><p><br /></p><p>Take me for example. There are those who would think that if I sold my collection that I would realize a profit. Well, I've sold 2 entire collections in my 49 years if being in the hobby. And I lost money on both of them. And that is without taking inflation, possible acrued interest if the money was just saved or anything else. Both collections sold for less than I paid for them.</p><p><br /></p><p>Want examples, take a look at my albums listed here on CT and you'll see the type, and quality of coins I used to collect.</p><p><br /></p><p>Now many people find this hard to believe because far more think and fully expect that when they sell their coin collections that they will realize a profit. Problem is, the majority do not.</p><p><br /></p><p>Buying coins on which you can realize a profit is a whole lot harder than you would think. It requires a great deal of knowledge, experience, and more than anything else - luck. Don't have any of the 3 and it's almost a certainty you will lose money when you sell.</p><p><br /></p><p>Collect coins because you like them and for no other reason. Or you will likely be sadly disappointed.</p><p><br /></p><p>But you are right about one thing, you will get "some" money back. But odds are strongly in favor it will be a fraction of what you paid for them.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 656088, member: 112"]Sorry, but you are wrong on this count. Realizing a profit from selling a coin collection you may have had for years, decades even, is not as easy as most people seem to think. Take me for example. There are those who would think that if I sold my collection that I would realize a profit. Well, I've sold 2 entire collections in my 49 years if being in the hobby. And I lost money on both of them. And that is without taking inflation, possible acrued interest if the money was just saved or anything else. Both collections sold for less than I paid for them. Want examples, take a look at my albums listed here on CT and you'll see the type, and quality of coins I used to collect. Now many people find this hard to believe because far more think and fully expect that when they sell their coin collections that they will realize a profit. Problem is, the majority do not. Buying coins on which you can realize a profit is a whole lot harder than you would think. It requires a great deal of knowledge, experience, and more than anything else - luck. Don't have any of the 3 and it's almost a certainty you will lose money when you sell. Collect coins because you like them and for no other reason. Or you will likely be sadly disappointed. But you are right about one thing, you will get "some" money back. But odds are strongly in favor it will be a fraction of what you paid for them.[/QUOTE]
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Wow, what a divergence of opinion!!
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