Money value matters?

@gotcho0O (1258)
United States
June 16, 2010 6:38pm CST
I have a friend and she collects different kind of coins and paper money. Whenever she sees silver coins, she'll look like a lottery winner. I just got curious and need some answers, hahaha.. People loves to collect certain coins as a hobby and sometimes an investment. And if you have that right knowledge about the value of those rare $$$, it could lead into something... Thousands? Millions?
1 response
@alaskanray (4642)
• United States
16 Jun 10
I have always had trouble with that because what's the use of a coin being worth thousands of dollars if you can't find a buyer willing to pay that price for it? This is why I have never collected coins. My daughter likes to collect different coins from around the world. She was going through her collection a couple weeks ago and telling me how much she was finding that each coin was worth as a collector's item. I just laughed because it does her no good if she doesn't have a buyer. So bottom line, as an investment collectibles are not really worth anything unless you find someone who is willing to pay your price.
@gotcho0O (1258)
• United States
17 Jun 10
I thought the government will pay for it or something haha. So why do you think somebody will pay for it anyway? What's the purpose to sell it again for a higher price? Thanks :)
1 person likes this
• United States
17 Jun 10
lol...you are asking me, a non-collector, to explain the mind of a collector? LOL I will never understand collectors. Sorry. :)
@gotcho0O (1258)
• United States
17 Jun 10
Lol. Just trying.. (???)