Home PCGS Set Registry Forum

"BUY THE HOLES" FROM THE VOICE of EXPERIENCE!

THE FOLLOWING IS A LETTER IN ANSWER TO A PM FROM MESSAGE BOARD.
A forum member asked if I had any coins left for sale. I would like to share my reply:

Sorry, I have nothing left for sale as I have fully liquidated my coins. I now have "Peace" in my life not centered on attaining more worldly goods. After selling everything, thinking I had "invested" pretty intelligently, I found after taking all misc. selling, grading and shipping costs in to consideration I lost money. I had all those funds tied up for 20+ years with no appreciation or interest! It was an expensive hobby but I did enjoy meeting many people in the Numismatic community.
If you are a collector/investor as I was forget the investor part and enjoy the hobby unless you are well healed and have big bucks to invest! To anyone who asks me for collecting advice I will have one all inclusive statement; "BUY THE HOLES!" I could have faired much better if I had bought the "Key" dates and forgot the rest, but as most collectors I attempted too many sectors and did not focus on key dates and truly rare coins. If you just "Buy The Holes" you will do well as a collector and Investor.
Good luck in your numismatic endevors. Sincerely, MapMaker.
P.S. TIMING HAS A LOT TO DO WITH THE OUTCOME!

Comments

  • I do agree in buying the keys, however, I think the journey also plays a huge role in the "value" that you can obtain. A friend of mine looked at collecting a bit differently after ending a previous hobby of offshore fishing. Paying for fuel, docking fees, boat maintenance etc. it was a constant drain of thousands of dollars on a annual basis. On the flip side the experience and memories will last a life time. He thought collecting was a great hobby where you can minimize the down side. Let's face it, be it golf, fishing, hunting etc. most hobbies you put out $$$ and never recoup it.

    Hopefully, my unrealized loss ??? will never be as bad as the hit on enron or worldcom stock.
Sign In or Register to comment.