Coin Collecting- hobby or investment?
Moderator: Daniel
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Here's a link to how to post a topic with images in our community https://coinauctionshelp.com/welcome-to ... community/
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You also agree to follow these guidelines. You must agree to these rules to be a member of this forum. NO SPAM! Spam is deleted within minutes, no spam will ever be left in our community.
1. Post a front and back image of your coin with a specific question about what you’re seeing or asking about and one coin per topic.
2. Please remove coin from the holder unless it’s US or an official mint case or unless it is graded by a grading service.
3. Images should be taken by a camera or cell phone camera, we ask that members don’t use images through a microscope screen.
4. Always start your own topic, please don’t ask about your coin or post your coin in someone else’s coin topic.
5. Do not send private messages about your coin unless an Admin ask you too and the same for sending emails through the board.
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7. Always be respectful even if something makes you upset or you don’t agree with a member. You can always get a second opinion elsewhere. If you have an issue then politely ask an admin in an PM. PM’s are for issues, technical and personal, but not for coin questions (refer to number 5 on this list). Our community is not a soap box for complaining or drama, so please refrain from doing so here.[/size]
Here's a link to how to post a topic with images in our community https://coinauctionshelp.com/welcome-to ... community/
___________________________________________________________________________________________________________
You also agree to follow these guidelines. You must agree to these rules to be a member of this forum. NO SPAM! Spam is deleted within minutes, no spam will ever be left in our community.
1. Post a front and back image of your coin with a specific question about what you’re seeing or asking about and one coin per topic.
2. Please remove coin from the holder unless it’s US or an official mint case or unless it is graded by a grading service.
3. Images should be taken by a camera or cell phone camera, we ask that members don’t use images through a microscope screen.
4. Always start your own topic, please don’t ask about your coin or post your coin in someone else’s coin topic.
5. Do not send private messages about your coin unless an Admin ask you too and the same for sending emails through the board.
6. No spam. Do not post any links to your coin or other non-coin websites.
7. Always be respectful even if something makes you upset or you don’t agree with a member. You can always get a second opinion elsewhere. If you have an issue then politely ask an admin in an PM. PM’s are for issues, technical and personal, but not for coin questions (refer to number 5 on this list). Our community is not a soap box for complaining or drama, so please refrain from doing so here.[/size]
Coin Collecting- hobby or investment?
After working with a coin dealer for a full day I learn that a lot of people think collecting coins is an investment which I found out isn't always the case. The buyer has to be extremely educated and know exactly what they are looking for especially with 'Raw' coins. And many collectors forget that a dealer has to make a profit. I watch, first hand, a dealer pay $70 for a coin that showed $89 on the gray sheet. The dealer explain to me that they need this built in profit to live on. So the majority of the folks get around 70 to 75% of the coin value stated in most prices. It was an eye opener for me today after working in the shop a full day...
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Daniel
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Re: Coin Collecting- hobby or investment?
It's both, but some just collect to leave to their children or grandchildren and others just buy and sell.
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radianjoyful
- Coining Around
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Re: Coin Collecting- hobby or investment?
Hi, although I'm not good in sorting out coin currencies, I believe that it is both an investment and a hobby. Coins has a money worth aside from its intrinsic value.
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