Advice for the young whippersnappers
Remember coin collecting is a life time adventure - most sets take years to build and you have to hold back “instant gratification” for “longer term quality” ... a true collector will be here long after the hype and prices both go down again - and we know they will, these things are always cyclical and right now there is a lot of money going into the hobby but believe me it will flow out again at some point. That super cool coin you want now but it’s gone up ~500% in price during last year ... just hold on and wait! Now is the time to sell, not buy, your coins - buy them when the demand goes back down and they are cheaper and sell them (as needed) when the demand goes up like what we are seeing now!
Numismatics is a marathon my friends, not a sprint! The best collection is what you leave to your family after you’re gone - it’s your legacy as a collector. Those still remain the most valuable collections and coins in the market today. We have these waves that come and go but the true collector stays out for the long haul! I have 1921 Peace dollars in MS65 that I paid just a few hundred bucks not even two years ago ... I have GSA CC Morgan’s I paid 175 for 1885s and other key dates ... just remember these are waves and you have time!! No need to rush and jeopardize your collection. As my father once said “a sloppy collection will bring no joy” - so do it right, take your time, do your research, get coins worth buying and that you really like, and purchase at fair prices.
If the coin is shitty, it doesn’t deserve to be part of your legacy!! Just remember that...!