Reply to Thread

Message:: [QUOTE="GDJMSP, post: 1423357, member: 112"]Jason - the reason you don't get it is because you are looking at things from 1 very specific point of view. You're looking at the price guides from the '70s and '80s and comparing to them to right now, today. But what you have to look is when exactly the coins were bought, and when exactly the coins were sold. You can't just pick a particular point in time as your buy point and a particular point in time as your sell point and say - hey this works, coins are a good investment. That is not reality. Nor is it how reality works. You also have to know whether the coins were purchased at a fair price, a low price,  or whether the buyer overpaid. How often do you overpay for a coin Jason ? How many times have I told you that you overpaid for a coin ? So 10 years from now, if somebody looked at the price guides from today for one of the coins you own, and then at the price of that coin in their present time (10 years from now) - that old price guide wouldn't do them much good would it ? Whether you come out on top or underwater on your coin collection always depends on the timing of when you bought and when you sold; and how much you paid and how much you got paid. On top of that you have to throw in the popularity trends, the grading standards at the time of purchase and the time of sale - they are rarely the same, the state of the coin market at both times meaning was it up or down, or down at both, or down at one and up the other, or up at one and down at the other, or up at both. What I'm trying to tell you is there are a TON of variables that decide how it turns out. Simple fact is, most people lose money on their coin collections. Sure there are a few that do well. But as a general rule, most lose. That's a fact, not an opinion.[/QUOTE]

Log in or Sign up

Reply to Thread

Useful Searches