Coins Are Not An Investment???

Fletcher · July 16, 2007 2:59PM

... what a great article: Link-O-Matic

RegistryCoin · July 16, 2007 3:06PM

Very cool indeed. Thanks Fletcher!

BlindedByEgo · July 16, 2007 3:07PM

I enjoyed the article. Thanks, Fletch!

Unknown · July 16, 2007 3:14PM

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RedTiger · July 16, 2007 3:18PM

Some cliche's seems useful after reading that article

Don't mistake brains for a bull market.
Past performance does not guarantee future results.
Dealers make the bulk of the money.

And the one I always write: Some collectors do well financially in coins. These collectors tend to share some traits. They have a love of the hobby, a good natural eye for coins, an eye that they develop and train by spending countless hours looking at coins. They invest time cultivating contacts in order to get a better price when buying and selling.

Most coin investors get a negative return on their cash investment, some end up in court settling for pennies on the dollar. The reasons why are that most don't know how to grade, most don't want to learn. Many buy from a single source that feeds them a company line, and many pay well above market prices for average coins, sometimes 2x to 4x full retail price. Unfortunately this group is probably about 100 times as large as the first group of collectors that does exceptionally well financially.

If a person wants to pat himself/herself on the back after a ten year bull market in coins (20 years for key dates) go ahead. Enjoy the picnic while the sun is still shining. Just keep in mind that bear markets can also occur and that there hasn't been one in coins in over a decade. Keep an eye out for that bear, because the bear might want some of those picnic baskets.

GrumpyEd · July 16, 2007 3:22PM

Good article, Thanks!

Myqqy · July 16, 2007 3:50PM

Keep an eye out for that bear, because the bear might want some of those picnic baskets.

compromonedas · July 16, 2007 9:49PM

"Attending one of the many shows, joining the message boards at www.pcgs.com or examining eBay, where coins are one of the most popular search items, are good starting points."
Nice board promotion!!!!
Keith

ricko · July 16, 2007 10:03PM

Good informative post... thanks, Cheers, RickO

Coxe · July 16, 2007 10:08PM

Well organized and presented article.

mhammerman · July 16, 2007 10:28PM

It is always a pleasure to read a well written, well researched article. Thanks for the contribution!

Coin ON!

jmski52 · July 16, 2007 10:41PM

Yes, I agree - it's primal!

oldcameoproofsguy · July 16, 2007 10:48PM

Yep

planetsteve · July 16, 2007 11:04PM

If anything a fun read. Things learned:

Kareem Abdul Jabbar feels the same way about Saints that I do

Meaning of the word vertiginous (it comes from vertigo)

There are at least two cool things to see in NYC directly related to ASG

Question remaining: What coins would you invest $10k in?

blu62vette · July 16, 2007 11:21PM

Thanks for sharing!

Cladiator · July 16, 2007 11:33PM

Everything is an investment. Some things in finances, some in time, some in emotion, etc...

jobiwan115 · July 17, 2007 12:25AM

Great article, thanks for sharing it, Fletcher.

Boothill40 · July 17, 2007 12:40AM

A very good read

bestclser1 · July 17, 2007 1:19AM

Good find Fletcher.TDN is famous.Nice mention Bruce.

Fletcher · July 17, 2007 1:26AM

<< Good find Fletcher.TDN is famous.Nice mention Bruce.

>>

I came across the article by accident and said "Hey ... I know those guys!" I was searching their archives because I will be likewise featured in a Robb Report article next month

cladking · July 17, 2007 3:05AM

Very cool.

It's nice to see the mention of MrEureka, too.

I wonder how old this is.

cladking · July 17, 2007 3:06AM

Maybe TooTawl will have to compete with TooTawler soon.

topstuf · July 17, 2007 3:43AM

I didn't see anything discouraging investment in coins.

IGNORANT "investing",yes. But nothing that doesn't make sense to anyone who learns about what he puts his money into.

etexmike · July 17, 2007 4:19AM

Very interesting read.

Kinda long, good thing I am at work and had some spare time.

Thanks for the link Fletcher.

-------------

etexmike

57loaded · July 17, 2007 4:21AM

<< 

<< Good find Fletcher.TDN is famous.Nice mention Bruce.

>>

I came across the article by accident and said "Hey ... I know those guys!" I was searching their archives because I will be likewise featured in a Robb Report article next month

>>

kewl

b-sure to let us w/o "substantial wealth" in on your fame when published.

thanks

MidLifeCrisis · July 17, 2007 5:02AM

Good article...I'll see if I can get my wife to read it!

ColonialCoinUnion · July 17, 2007 5:08AM

<< Good article...I'll see if I can get my wife to read it!

>>

Good luck with that!

Doogy · July 17, 2007 5:23AM

<< 

<< Good find Fletcher.TDN is famous.Nice mention Bruce.

>>

I came across the article by accident and said "Hey ... I know those guys!" I was searching their archives because I will be likewise featured in a Robb Report article next month

>>

Cool! are you and Russ gonna' be featured in a collecting article entitled "best friendships can be established through the simple art of coin collecting"?

BAJJERFAN · July 17, 2007 5:50AM

My coins may not be a good investment, but I'd bet there are a lot of them out there that are.

Fletcher · July 17, 2007 6:12AM

<< Cool! are you and Russ gonna' be featured in a collecting article entitled "best friendships can be established through the simple art of coin collecting"?

>>

Lol ... yes, they are featuring Russ and I in the "Worth" luxury portal of the Robb Report

Mmmmmm ... maybe not. It is an article on off-shore sailing ... I hope that I don't get bashed too much as the trip turned out to be a bit of a fiasco, but entertaining nonetheless

Coins Are Not An Investment???

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