savy collectors fund their personal collection by investing in and reselling a series they don't collect. This makes them coin investors and coin collectors.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
<< <i>Would you invest in a coin you had no chance of making a profit in? >>
No, because I'm buying it as an investment with which I hope to profit. Not the same with a coin I buy for my collection. Hopefully the coin I buy as an investment will pay for the coin I buy for my collection.
Not all coin purchases are made with a profit motive. The serious collector understands this. If you don't understand this you are obviously an investor and not a collector. No insult intended, just that there is a difference between investing and collecting, unless of course you collect investments.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
<< <i>Would you invest in a coin you had no chance of making a profit in? >>
No, because I'm buying it as an investment with which I hope to profit. Not the same with a coin I buy for my collection. Hopefully the coin I buy as an investment will pay for the coin I buy for my collection.
Not all coin purchases are made with a profit motive. The serious collector understands this. If you don't understand this you are obviously an investor and not a collector. No insult intended, just that there is a difference between investing and collecting, unless of course you collect investments. >>
I must disagree with this logic.
Coins are always an investment, since they will never monetarily benefit you right away. (Of course, you might find one that does.)
-I own a boat. I teach my Kids to ski. (Loss)
-I own game systems, my Kids love them. (Loss)
-I bought my Daughter a car. (Loss)
I'll stop here. Coins are purchased to go up. SORRY!!!!!!!!!!!
Very odd thread, made me think of that BnBAnalytics dude for a fleeting second. Now that I read this, I don't think Coca-Cola is as good as it used to be...
<< <i>Would you invest in a coin you had no chance of making a profit in? >>
No, because I'm buying it as an investment with which I hope to profit. Not the same with a coin I buy for my collection. Hopefully the coin I buy as an investment will pay for the coin I buy for my collection.
Not all coin purchases are made with a profit motive. The serious collector understands this. If you don't understand this you are obviously an investor and not a collector. No insult intended, just that there is a difference between investing and collecting, unless of course you collect investments. >>
I must disagree with this logic.
Coins are always an investment, since they will never monetarily benefit you right away. (Of course, you might find one that does.)
-I own a boat. I teach my Kids to ski. (Loss)
-I own game systems, my Kids love them. (Loss)
-I bought my Daughter a car. (Loss)
I'll stop here. Coins are purchased to go up. SORRY!!!!!!!!!!! >>
Had you bought those items for the pleasure they give you and your family and not their return on the dollar they would not have resulted in a loss.
Appears you have never enjoyed the pleasure of collecting anything. You should try it.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
<< <i>I collect coins to make money, as do all of you. Here come the Nay Sayers.
When my 18 year old is presented with my collection, I will educate her on what it is worth.
If you do not do the same, someone is going to sell your collection to the fools who are posting the negative comments here. You will be dead, and these goof balls will own all your stuff.
Don't get mad at me just because I hope I am still alive to buy your coins as well!!!!!!!! HAHAHAHA!!!! >>
I can only speak for myself here and I am sure there are others that will agree with me. I DO NOT collect coins to make money. Yes it would be nice to make money on a coin if I decided to sell it, but I am not expecting a profit. Making money on coins means one of two things to me, you are either a dealer or investor. Educating your family members about what your collection is worth is a great idea, and I think that most here understand that concept, and would ecourage others to do the same.
<< <i>Educating your family members about what your collection is worth is a great idea, and I think that most here understand that concept, and would ecourage others to do the same. >>
Agree. Odds are someone inheriting a lifelong collection will most likely not have the same passion for collecting and will be looking to liquidate it. Best they know its value.
The fact that so many great collections get inherited demonstrates the true motive of the people who put them together - and it did not involve profit.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
<< <i>Would you invest in a coin you had no chance of making a profit in? >>
In a certain sense, can't this be applied to anything??? I am not going to go out and start my own business to lose money, I am going to start a business to make a profit and a living. Edited to Add: Ripping someone off to make a profit is a whole other ballgame.
I am in this hobby because I like the history of coins, the artistic aspect, and process in how each individual design was made. You said that you own a boat and taught your kids to ski. No that does not make you money, however you could use your boat to make yourself money if you wanted to. Some people play games on game systems to get in tournanets and make money. You can relate this thought process to many things, but not everyones intentions are the same.
Comments
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Would you invest in a coin you had no chance of making a profit in?
I have found going to bed earlier has it's benefits; less dependence on this forum for entertainment.
I have found having less coin friends has it's benefits; no trees falling in the woods that I "missed."
I have found the US Mint to be less exciting; there is simply nothing worth worrying about anymore.
This thread may have a very high post count....
Miles
<< <i>This is why I would post to this thread:
I have found going to bed earlier has it's benefits; less dependence on this forum for entertainment.
I have found having less coin friends has it's benefits; no trees falling in the woods that I "missed."
I have found the US Mint to be less exciting; there is simply nothing worth worrying about anymore.
This thread may have a very high post count....
Miles >>
HUH?
There is not a collector on Earth that does not somehow say...............This is what it is worth now.
It might not be money, but it usually is.
Cheers!
<< <i>Would you invest in a coin you had no chance of making a profit in? >>
No, because I'm buying it as an investment with which I hope to profit. Not the same with a coin I buy for my collection. Hopefully the coin I buy as an investment will pay for the coin I buy for my collection.
Not all coin purchases are made with a profit motive. The serious collector understands this. If you don't understand this you are obviously an investor and not a collector. No insult intended, just that there is a difference between investing and collecting, unless of course you collect investments.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
<< <i>
<< <i>Would you invest in a coin you had no chance of making a profit in? >>
No, because I'm buying it as an investment with which I hope to profit. Not the same with a coin I buy for my collection. Hopefully the coin I buy as an investment will pay for the coin I buy for my collection.
Not all coin purchases are made with a profit motive. The serious collector understands this. If you don't understand this you are obviously an investor and not a collector. No insult intended, just that there is a difference between investing and collecting, unless of course you collect investments.
I must disagree with this logic.
Coins are always an investment, since they will never monetarily benefit you right away. (Of course, you might find one that does.)
-I own a boat. I teach my Kids to ski. (Loss)
-I own game systems, my Kids love them. (Loss)
-I bought my Daughter a car. (Loss)
I'll stop here. Coins are purchased to go up. SORRY!!!!!!!!!!!
10-4,
My Instagram picturesErik
My registry sets
<< <i>
<< <i>
<< <i>Would you invest in a coin you had no chance of making a profit in? >>
No, because I'm buying it as an investment with which I hope to profit. Not the same with a coin I buy for my collection. Hopefully the coin I buy as an investment will pay for the coin I buy for my collection.
Not all coin purchases are made with a profit motive. The serious collector understands this. If you don't understand this you are obviously an investor and not a collector. No insult intended, just that there is a difference between investing and collecting, unless of course you collect investments.
I must disagree with this logic.
Coins are always an investment, since they will never monetarily benefit you right away. (Of course, you might find one that does.)
-I own a boat. I teach my Kids to ski. (Loss)
-I own game systems, my Kids love them. (Loss)
-I bought my Daughter a car. (Loss)
I'll stop here. Coins are purchased to go up. SORRY!!!!!!!!!!! >>
Had you bought those items for the pleasure they give you and your family and not their return on the dollar they would not have resulted in a loss.
Appears you have never enjoyed the pleasure of collecting anything. You should try it.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
<< <i>I collect coins to make money, as do all of you. Here come the Nay Sayers.
When my 18 year old is presented with my collection, I will educate her on what it is worth.
If you do not do the same, someone is going to sell your collection to the fools who are posting the negative comments here. You will be dead, and these goof balls will own all your stuff.
Don't get mad at me just because I hope I am still alive to buy your coins as well!!!!!!!! HAHAHAHA!!!! >>
I can only speak for myself here and I am sure there are others that will agree with me. I DO NOT collect coins to make money. Yes it would be nice to make money on a coin if I decided to sell it, but I am not expecting a profit. Making money on coins means one of two things to me, you are either a dealer or investor. Educating your family members about what your collection is worth is a great idea, and I think that most here understand that concept, and would ecourage others to do the same.
<< <i>Educating your family members about what your collection is worth is a great idea, and I think that most here understand that concept, and would ecourage others to do the same. >>
Agree. Odds are someone inheriting a lifelong collection will most likely not have the same passion for collecting and will be looking to liquidate it. Best they know its value.
The fact that so many great collections get inherited demonstrates the true motive of the people who put them together - and it did not involve profit.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
<< <i>Would you invest in a coin you had no chance of making a profit in? >>
In a certain sense, can't this be applied to anything??? I am not going to go out and start my own business to lose money, I am going to start a business to make a profit and a living. Edited to Add: Ripping someone off to make a profit is a whole other ballgame.
I am in this hobby because I like the history of coins, the artistic aspect, and process in how each individual design was made. You said that you own a boat and taught your kids to ski. No that does not make you money, however you could use your boat to make yourself money if you wanted to. Some people play games on game systems to get in tournanets and make money. You can relate this thought process to many things, but not everyones intentions are the same.