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| Quick Links :: Books :: Collecting Coins for Profit | |||||
| by Andrew Patton
GOLD LEVEL: Well, you've breezed through your formative years in the Copper Level, trudged through the work of the Silver Level, and now you see the peak, the highest echelon of coin investment, the gold level. This is the level where you literally can make a million dollars over night. Its been done, on more than one occasion. My advice to anyone looking at the pinnacle? DON'T! Not that I'm being negative - what I'm saying is that the way to this level is to find success at the Silver Level - and to become a real Numismatist - build your coin collection! Bowers. Contursi. Manley. Stack. Kagin. Goldberg. All are giants in the numismatic community. Your best bet to get to the Gold Level is through the value of your own collection, as you build it up over the years. You will reach that point much easier by buying quality, rare coins and holding them for the long term, as a collector, not an investor. Sure you might be able to stumble upon the deal of the century, but it's unlikely. I know that Dwight Manley does not read this blog, but Joe Six-Pack does! Let me reiterate, the collectors who are in it for decades are the ones who rake it in. (Go Back and Read That Again!) That money you made at the Silver Level? Use it to buy a nice slabbed 1909-S VDB Lincoln Cent. Call me in ten years and thank me! But, if you insist on wanting to make in big in coin investment, read Scott Travers "The Coin Collector's Survival Manual". An outstanding book on high end investing. Not for me, though. I'm going back to my bank tomorrow and get another ten rolls of half dollars....wanna join me? |
THE HOT SPOT! Mercury Dimes 1916-1945 Bringing Big Bucks | ||||
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