"BUY THE HOLES" FROM THE VOICE of EXPERIENCE!
MapMaker
Posts: 252
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!
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!
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Comments
Hopefully, my unrealized loss ??? will never be as bad as the hit on enron or worldcom stock.