Ed covered it quite well, and I would only add that maintaining a coal fire is indeed an art unto itself, and sadly it is an art that we are losing, so many new guys are going with gas or rushing through the learning with coal that the fire skills are suffering. And this itself is giving coal an undeserved bad rap. A really good smith using coal well is something to behold and admire, and is an art worth preserving.
One other side note on the cost thing. Coal forges can be quicker and cheaper to build, and when gas forges first came out many sold them as cheaper to run (perhaps they were at the time, I cannot remember the price of LP at the time, but now...

), but I found that if you have a nearby source of coal there is not a significant difference in the cost.
Since I am actually a bit of a romantic I stubbornly held out for years, but just 3 months ago I finally gave up the struggle and in order to reclaim precious shop space I wheeled my coal forge outback and covered it, I will probably sell it (anybody in MI lokking for a good table forge

) and just keep a couple of rivet forges around for when I get nostalgic. I hadn't lit the thing in over 5 years and that floor space is too valuable. Fire tending is a wonderful art, but I don't get paid to make coal into good clean coke, I get paid to make steel into blades and I can do that at least twice as fast if I am not spending all my time cleaning and fussing with a solid fuel fire.
