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- - innerestin chart (http://goldismoney.info/forums/showthread.php?t=124443)

Anty Ep | 04-04-2007 10:42 PM
innerestin chart I was browsing the "cointalk" forum and found a good cautionary post. http://www.cointalk.org/showpost.php...9&postcount=10 Quote:
But that is exactly the problem - how do you define what is "good stuff" ? With coins, it's whatever seems to be popular at any given point in time, for the popular coins are the ones that appreciate in value. At least they do for that period of time. Do you realize that in the last bull market for coins people were paying say $1500 for Morgan dollars. Today those very same coins sell for less than $150. It's been 18 years and those people still haven't broke even yet - they may never break even. You want a sobering thought, this is what the coin market in general has done in the past 37 years - http://www.pcgs.com/images/graphs/indexallgraph.gif That picture kind of puts a different light on things don't ya think ? And that's the real deal, it's no made up chart. I'm not trying to be a wise guy, I'm just trying to tell you the honest truth. people who collect coins because they think they can make money by doing so are in for a rude surprise. Ordinary people don't make money by collecting coins, only the pros or the very rich typically make money collecting coins. Ordinary people, what they get out of it is the joy of doing so - they collect because it makes them happy, they enjoy it. I've said this before, but I'll say it again. I've collected and studied coins since 1960. I like to think that I know a good bit about the hobby. No, I'm no expert. But I know more than the average Joe. And I've sold two collections in my life - lost money on both of them. But I didn't do it for the money - I collected the coins because I loved doing it. They brought joy and happiness into my life and it was worth every cent. I wouldn't change a thing even if I could.<!-- / message --><!-- sig -->

Master_Ho | 04-05-2007 01:20 AM
Re: innerestin chart Quote:
Ordinary people don't make money by collecting coins, only the pros or the very rich typically make money collecting coins. Ordinary people, what they get out of it is the joy of doing so - they collect because it makes them happy, they enjoy it. But I didn't do it for the money - I collected the coins because I loved doing it. They brought joy and happiness into my life and it was worth every cent. I wouldn't change a thing even if I could.
Anty Ep - Excellent post, as most of your posts are.......and like you, I collect what I do because I enjoy the coins - and most of my semi-numismatics are bought close to bullion price, with a few exceptions (a couple of gorgeous toned Morgans)........if gold hits $1000 and I have to sell (can't imagine) at the bullion price - I will still be ok. Thats why I guide my people (I DO TOO have people) into bullion with just a couple of special numismatic buys for their beauty first, not for profit, tho we did very well (on paper) with the 20th Silver Eagle Sets (one reversed proof graded by PCGS at MS 70, some at MS 69, some still getting graded).....and bought a gold 2006-W graded at MS 70 by a third-rate grading company but for bullion price. My Australian Lunar Dragons were bought for less than they go for now and I don't see myself ever selling them. Again - as we keep saying - there is a huge difference between the price of coins that are numismatics vs semi-numismatics! Anyway - another great post - and thanks!

blueice | 04-05-2007 01:27 AM
Re: innerestin chart Fine post Master AE. I do not know, however, why rich folks have such advantages in life. Please fill me in. I feel like a failure that I will never be successful because I am not rich. Please helf me. :signs14:

Anty Ep | 04-05-2007 10:57 AM
Re: innerestin chart [QUOTE] Quote:
Originally Posted by Master_Ho (Post 562229) Anty Ep - Excellent post, as most of your posts are.......
well I didnt write that, some other dude did, but I thought it was good enough to copy here. glad you appreciate it. Quote:
and like you, I collect what I do because I enjoy the coins - and most of my semi-numismatics are bought close to bullion price, with a few exceptions (a couple of gorgeous toned Morgans)........if gold hits $1000 and I have to sell (can't imagine) at the bullion price - I will still be ok....
Now let me hand out the praise: you're not like me in this, but I'm like you; because it's partly under observation of you and others at this forum that in the past year I have accumulated whatever I have-- and this "semi-nusmismatic" approach is the method I have been following to try and limit potential speculative losses. I found his remark wise.

Anty Ep | 04-05-2007 11:17 AM
Re: innerestin chart [quote] Quote:
Originally Posted by blueice (Post 562232) Fine post Master AE.
when you say that I always tighten up and get ready for one of your slugs to the gut! .. Quote:
I do not know, however, why rich folks have such advantages in life. Please fill me in. I feel like a failure that I will never be successful because I am not rich. Please helf me.
I'm not rich either. Though I might like to be. :bear_thumb: The reason rich dudes-- and when I say rich here I am not talking about seven figure rich I mean eight or nine figure rich and up; but the reason these guys can make money in it is the same reason they can make money in lots of other stuff. People are trying to reel them in as clients. If you are a big coin dealer and a whale comes in, you will appraise his desires and if it's making money, then you will whet his appetite with some "sure thing" gains right up front. Get them gunning for more. Kind of like the loss leader approach to sales. That's my guess at least, I'm not much of a salesman myself, obviously. As for your sarcasm, I repeat the words of the Christ, preaching to the Jews from the Mount: Quote:
19Lay not up for yourselves treasures upon earth, where moth and rust doth corrupt, and where thieves break through and steal:
Quote:
20But lay up for yourselves treasures in heaven, where neither moth nor rust doth corrupt, and where thieves do not break through nor steal: 21For where your treasure is, there will your heart be also. 22The light of the body is the eye: if therefore thine eye be single, thy whole body shall be full of light. 23But if thine eye be evil, thy whole body shall be full of darkness. If therefore the light that is in thee be darkness, how great is that darkness! 24No man can serve two masters: for either he will hate the one, and love the other; or else he will hold to the one, and despise the other. Ye cannot serve God and mammon.
By this I take it mean, that it's wise to put God and virtue in the first place, and subordinate one's own selfish needs and desires to the moral order, even up to and including the point of death. I don't idolize gold and silver, but in their subordinate place as an earthly need and pleasure, I do enjoy them in the proper context. In his own way, the author of that post, is saying something similar to what Jesus said-- consider it like this: he's saying you're probably not going to make money on coins-- but you will make enjoyment; and that enjoyment is more valuable than the money itself. To me, that's a wise and humble approach. Please let me know if you have any other thoughts to add to that.

Anty Ep | 04-05-2007 11:19 AM
Re: innerestin chart I know you're not a Christian Blueice but I hope you find that quote as "innerestin" as the chart. I'd also like to hear from other people, since we're on the topic, of how you keep your PM habit in the proper context. Or dont you?

blueice | 04-05-2007 11:57 AM
Re: innerestin chart Quote:
Originally Posted by Anty Ep (Post 562653) I know you're not a Christian Blueice but I hope you find that quote as "innerestin" as the chart. I'd also like to hear from other people, since we're on the topic, of how you keep your PM habit in the proper context. Or dont you?
Master AE, there are certainly advantages to having a lot of green but it does not make those people bad ! After all the top 1% of taxpayers pay 37% of all taxes. Thanks for the shot in my large gut, AE. :mad: :mad: "I know you are not a Christian." I am sorry you do not know me any better. The most important thing in my life is my relationship with Jesus Christ, my Lord and Savior. To him and God, I am a mere pebble of sand. I am nothing more than a humble sinner. May Jesus have mercy on my soul !!

Anty Ep | 04-08-2007 10:49 PM
Re: innerestin chart Quote:
Master AE, there are certainly advantages to having a lot of green but it does not make those people bad ! After all the top 1% of taxpayers pay 37% of all taxes.
Of course not. I guess I still dont understand your point. Quote:
"I know you are not a Christian." I am sorry you do not know me any better. The most important thing in my life is my relationship with Jesus Christ, my Lord and Savior. To him and God, I am a mere pebble of sand. I am nothing more than a humble sinner. May Jesus have mercy on my soul
I withdraw my comment and apologize.

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