4 Reasons Why Enthusiasts Buy Coins

7 Apr
  1. They buy because they like the history of coins.

                If this is you, I recommend to you to continue buying what fancies you historically.  There is so much to enlighten yourself about.   History buffs are the types of people who become rabid coin collectors and put together the high quality, great eye appeal collections after years of studying what they love.  Their long term returns on investment usually have pretty good yields too!

  1. They buy because they like the rarity of coins.

                If this is you, I recommend to you to continue to buy rare coins.  Rare coins should always be in demand and almost always have a buyer; this does not mean that prices always go up though. Rare coin markets fluctuate in cycles just like any other market that the world has to offer.

  1. They buy because of the potential future value and investment in coins.

                If you are a market big boy market analyst and you make and trust your own judgment, by all means continue to buy coins for investment purposes; you are an asset to the numismatic world and you know more about the market than many full-time dealers.

  1. They buy because somebody told them it was a good idea and they know nothing or next to nothing about what they are buying or why they are buying it.

                If this is you, I recommend to you to stop what you are doing, invest in numismatic literature and teach yourself something.  Often times, a first time coin buyer has never read anything before about the coins they are buying; they only know what they saw pictures of on the home shopping network or saw in a magazine.  These people are uneducated with what they are doing and they do a great disservice to the numismatic community.  

I know that you have an opinion on this, please share with me your thoughts and personal experiences!

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