Posted 11/15/2006 07:59 am
Let me add this to what Longnine has said. In the coin market YOU are the boss! YOU decided when to buy, what to collect and when to sell. You don't have to pay someone to invest for you on a regular basis and your pay-out, so to speak, is when you chose to let go of the money. It is not taken or demanded by someone else. To actually be, as I call it, safe most of the time diversify your collecting habits. At any given time something is hot and something is not so with a wide variety of items, if need arises or profits present themselves, you will have the opportunity to cash in should you feel the need. The hobby is one of the greatest things I have done since 1969 and at times I have been very very fortunate. For the most part I buy my coins for the long haul as you will see cycles but the last few years have been very very strong across the board. Demand is still very strong so I don't see much changing in the next couple of years other than an increase in value on most series. Lets put it this way----everything has value so you must decide what you want to collect and what fits into your budget at any given time. Buy some books as knowledge plays a HUGE part of this hobby and take the time to enjoy the hunt, the history and the education numismatics has to offer!
