So buying coins as investment is a waste?

I think you're absolutely right! :thumb:

1. Numismatic gold falls as bullion falls...(but not as far)
2. Demand for FS coins won't go up noticeably until after the series ends...(and even then it may be a decade or two)

I believe that 100 years from now (likely sooner) it will be prohibitively expensive to put together a complete FS collection. This is a spectacular collection that is over halfway complete and something I want to pass on in the family.

How many complete MS70/PF70 collections do you think there will be after all the dusts settles? I'll have one...maybe the only one!

 

Log in or Sign up to hide this ad.

I'd guess that a graph showing the spouses would look a bit different. If someone bought spouses from the mint as they came out they would be way ahead of the game at this point.

 

If you bought them as they came out you got many of them for under $500

- it doesn't look to me like they are selling for much more than bullion content for the most part.

 

Title 31; Subsection 5112-o "First Spouse Bullion Coin Program"

(10) TREATMENT AS NUMISMATIC ITEMS.—For
purposes of section 1 5134 and 5136, all coins
minted under this subsection shall be considered
to be numismatic items.

 

I don't know about the long term investment potential, but I have been collecting the spouces (BU/PR) since the beginning. At first, when the mint stated that production would be limited to a run of 20K, ebay flippers had a field day and the prices went crazy for them. About two months later, they were selling at spot. Today, I don't think the mint even sells out of these coins. If you think that investing in gold is a good idea, keep getting them. I just don't think that they will ever command a high numismatic premium. Personally I like the fact that there will be so few left after all of the ones that went into the melting pots. I am curious as to what the survival rate will be in 100 years. Perhaps then, there will be a premium, but not much before.

 

One might get lucky here and there and make some money on coins. But for the most part, regardless of experience or funds, it's not going to happen. Look at some of the world's best known collections and their sell prices compared to their initial investment costs. The vast majority have lost money. So, if collectors who had tens of millions invested in their collections, with the rarest of rare coins, how do the rest of the collectors fare? Thats not speculation...thats fact.
Guy

 

If the gov sez its true, it must be true, and ketchup is a vegetable.

 

Vegatable!? ...really? ...hmmm.

 

I think you are supposed to eat a cup of it before it counts.

 

when i first started buying coins i would refer to a 1960's era red book and the newest red book and compare on what went up the most. my thinking is if something went of the last 50 years it will probably go up the next 50

 

It seems to me that the coin market has its own characteristics; but in the end its a market, like any other. There are ups, downs, bubbles, etc. It may not be quite as liquid as stocks or bonds, but its also not nearly as slow as real estate or art. I think whether you consider yourself an investor, a collector, or both, the goal is to buy low ----- when there is value for the price. Whether you sell it in a day, week, year, decade, or never --- no one wants to overpay. In my view, anything that you can reasonably sell for more than you paid is a good investment.

 

What I've found to be a potentially working investment strategy is to observe the sales developments in the markets of a coins origin compared to foreign markets, and timely delayed price developments. For example the Canadian Dinosaur - 25-Cent Coloured Glow-in-the-dark Coin (2012), was listed as sold at the Mint and already trading on ebay.com for well over a hundred dollar, at a point where German shops were still listing the coin for 30-40€.

Besides that there are huge mode swings and it's a very speculative investment, the numismatic value of a coin is more difficult to appraise than the material value.