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what is HoT and what is NoT hot ?
- I try to cover this (& other topics) in my videos (& on my Notaphylic site
https://sites.google.com/view/notap...ng-banknotes)
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truly expect a return on your investment ?
- I started out as a "hobbyist" & discovered (over several years) that most of my
higher grade Canadian banknotes
rose in book value (& I could exchange them for rarer examples). So my "return" was strictly a better collection (in my eyes). I still have some circulated (lower grade) CDN notes which may be a loss (for me in terms of investment) since inflation (& cost to sell them) will outstrip what I paid for them (& BV doesn't go up much for these). Inflation, banks micro interest rates (& pay that never keeps up with inflation, cuts to my benefits/investments, as billionaire politicians continue to successively bully governments into union- bashing). Several brokers are on the take from our stock market investments. World markets will continue to rattle from the world's slightest problems, so I have been forced to re-examine collecting banknotes as an investment- but I have had to change the way I approach the hobby. I've learned that there's many pitfalls I must avoid (costs add up) and to try to think clearer (more like a dealer) than a collector.
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include the grades if you think that is important
IMO: absolutely paramount to collecting well. It's not quantity but quality. If you collected books would you pay top dollar for one that was missing pages or had a torn jacket? Would you buy a stack of mouldy ones just because the seller reduced the price? (Now apply the same analogy to anything delicate like vinyl records, dolls, toys, etc). I truly believe that many of us collectors start out with hardy coins, or the odd older note we find in circulation and fool ourselves into saying "that's not in bad shape." We tuck it away thinking we got a good investment (when in fact if you inspected it carefully it may be VF -EF). Millions of people do this (so theres so many VF-EF examples out there)! Its essential that you get a good idea how to grade a note yourself (so you don't just rely on TPG/other's opinions). It's easy to be "penny-wise but pound foolish."
A wise collector from CCF once posted that the secret to collecting well is not just "what you collect" but how you go about it (approach) that will also determine whether you will make (or lose) money on your acquisitions down the road. I completely agree with this maxim.