"Investing" In Coins...

A few really long, dragged out stories here and it all started with investing in coins. One more of those things about getting old, you just don't really care about long term growth of anything anymore. I've been collecting coins for well over 60 years now and as to an investment, for what? Tomorrow? Since I don't plan on selling coins, makes little difference how much they are worth. Lost that idea about 40 or so years ago. As noted way, way back in the start of this post, this thing called coin collecting is a HOBBY. It may go up, may go down, may stay the same.
At one time I knew people that invested in Beanie Babies. My son, when he was REALLY young, showed me his sports cards that would someday be worth a fortune. Now laying in his basement rotting away.
I have several old cars in almost new condition and have been constantly asked what they are worth. I always say no idea since I'm not selling them, then they are worth only fun.
Making money on coins is like mnay other things. Some do and most don't. I'll never know nor care.

I am going to throw my Two Cents in here:

1. My son, 9, is fascinated with coins. I am glad, because he now wants to go to the coin shop instead of the toy store, where if I drop a buck, he at least has something at the end of the day;

2. I look for deals that are a) decent coins, that are b) less than list. That is, I hope to walk into equity.

3. We all love Morgans, but whether it's a Morgan or an Eagle, I always say to myself--"It's still (almost) an ounce of silver". There's two parts to every coin: the value of it as silver, and the numismatic value. I rarely look at the numismatic value; I rely more heavily on the silver as a base point.

I should get more daring, and when I know more about this, I will.

BUT I HAVE ALSO LEARNED ONE ADDITIONAL LESSON: Every time I see someone come in to SELL a coin, they seem to get ripped. It's as if dealers prey on tough economic times.

If I need money with stocks, or think the top has been reached, I hit the sell button and wait for the check.

If you need money and sell your coins, is getting ripped a guarantee?