Good Idea Could Be Yours
March 15, 2012
When was the last time you had a good idea?
Remember how it felt? Pretty good, right?
For collectors, this might have been a decision to collect a certain series of coins before that series became hot.
Anybody who bought Morgan dollars in the 1970s probably felt pretty good about it in the 1980s, especially if they had a good eye for quality and the grading services assigned high numbers to their slabs.
Buying gold and/or silver in 2001 was a good idea. Selling some will probably be a good idea at some point just as it was in 1980 as the market peaked.
But has it been a while since you have had what you consider to be a good idea?
Well, why not come up with a new one?
Numismatics in 2025 is going to be very different from that of 2012. Perhaps you will figure out before anybody else how this will play out and get into the right area of the market.
Or, perhaps, for you the good idea might simply be the traditional beginning and completion of a new set, something you have had your eye on for a while but economic uncertainty prevented you from taking the plunge.
Whatever it might be, good ideas may be hard to come by, but they are more numerous than you might think. After all, there are thousands of collectors who have done well for themselves simply by being the best collectors they can be.
The key to finding a good idea is to try things, find what is right for you and then riding that horse for all it is worth.
Your half completed Mercury dime set might stand as a rebuke, unless you were distracted by the Buffalo nickel set that you eventually went on to complete in the highest grades possible.
The best idea of all, of course, is yours.
On March 16, 2012 Chuck Schroeder
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