Somewhere there developed the idea that collecting coins is an investment.
This is wrong. Collecting coins is entertainment. Many people who bought
coins as an investment are unhappy because they did not turn a profit.
On the other hand, those bought coins for their entertainment tend to be
much happier. They now own a piece of history, and get enjoyment from admiring,
studying and showing others their purchase. If that piece of history goes
up in value, so much the better. If it does not, at least they have something
to show for their money, which is more than can be said for many other
forms of entertainment. After all, the pleasure one gains from watching
a movie, going to a bar or playing golf is short-lived, and rarely shows
a profit. However the pleasure one gains from studying or showing ones
coins can be repeated many times, and who knows, maybe they will show a
profit when it comes time to sell.
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