Ancient Coins - Collecting Strategies - Surviving The Chase

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Author	Replies: 4 / Views: 1,033
CoinWeek Valued Member United States 127 Posts	Posted 03/16/2015 01:53 am The following is an article excerpt from Coinweek Once I heard about a collector who didn't care what he had to pay for a coin, and cared even less what he could eventually sell his collection for. I have yet to meet him, but he probably does exist—somewhere. More typically, collectors envision their accumulations as having some value above and beyond the ethereal benefit that comes from personal satisfaction. But is that really true? Do we stand a chance, financially, of surviving the chase? Most of us don't think about that too much, perhaps as a defense mechanism to ward off anxiety attacks. But really, is it likely that our coins will be worth something someday? Read the Entire Article Report this Post to the Staff

echizento Moderator United States 23731 Posts	Posted 03/16/2015 02:05 am Very good article. Report this Post to the Staff
sel_69l Bedrock of the Community Australia 21788 Posts	Posted 03/16/2015 03:38 am I agree with what Sayles is saying about a lifelong strategy when it comes to building a collection of ancient coins. Along the way, you learn that knowledge is power and that will result in your collection gaining considerble value, despite the fact that investment is rarely the primary aim. As with all fine arts collecting (not just coins), always get the best that your budget will allow at the time of purchase. Report this Post to the Staff
Tom Goodheart Pillar of the Community United Kingdom 856 Posts	Posted 03/16/2015 08:05 am My coins are late mediaeval (the last of the hand made coins before machine production took over) rather than ancient, but this holds true there too. I am only just starting to realise a profit on coins I bought over 10 years ago. So I agree with the long-term strategy. And with time we start to appreciate which coins in a common series are better (and hence scarcer) than average, so knowledge is indeed power. Of course shifts in the market are difficult to predict. In my area when I started rarities were the fashion. But now condition is king and even rarer coins in poor condition can struggle to find a buyer. Of course, my personal view is buy what you like. After all, you need to enjoy collecting, or why bother! But if you target coins that are at least as good, or better, than those you commonly see I suspect you won't go far wrong. . Report this Post to the Staff
chrsmat71 Pillar of the Community United States 4973 Posts	Posted 03/16/2015 10:50 pm an interesting article, thanks for posting. it's something I've thought about, but it's not something I loose sleep over or anything. I certainly want to get a good deal on my coins, but I don't buy to resell usually (i'll sell a few every now and then). it is nice to brag on the coin forums about getting a good deal though hu? I've there were some type of total financial emergency (which is the only scenario in which I could see me selling my coins before my funeral) and I had to sell them in a hurry ...i may break even, or make a little cash. hope I never have to find out. if who ever inherits my coins isn't in a rush to sell, they could probably make some cash. but I'm not going to worry about it to much if they don't will i? Report this Post to the Staff
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