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Old 12-13-2008, 06:02 PM
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Default Are coins and stamps as bad as baseball cards and autographs?

Posted By: Mark Macrae

Richard...The sports hobby is no different than several other hobbies that have crossed the magic barrier. Once an inexpensive and fun hobby turns into a 'big money' game, all bets are off. Coins, Stamps, Art, Classic American Furniture, Breweriana, Vintage Automobiles,etc..... all have similar problems. In many cases the victims are similar ...less knowledgable on the subject, anxious to build a great collection quickly, deep pocketed, trusting of published information by questionable subjects, and seem to be attracted to the same types of flashy, disreputable dealers (in various fields). The best advice you can take is spend your time before you spend your money and buy what you like. If you are buying for investment only, and intend on owning the item for less than five years, you will probably lose money (Hey, just like California Real Estate !!!)

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