I never said I was a long term investor. I could care less what the coin does over the long term. I have to move product to pay the bills. So basically I'm doing what I thought I would. Make a little cash on my 5 sets. I'm not a mega dealer. I don't run t.v. station that rips off senior citizens. It's just me and my 15 coins.
Why are you making up scenarios where he is not making money? He is not doing those things. He is making money, which is what he was trying to do. You are just making up situations that he is not doing. That is pointless.
Any Silver or base metal U.S. Mint coin issued in the last 20 years with 100k or less mintage has been a money maker and has held a significant gain in value. Any Silver or base metal U.S. Mint coin issued in the last 20 years with 250k or less mintage has also been a money maker (to a lesser extent) and has held a gain in value. Some like to refute this with references to the P-Mint Pucks. If you bought the whole series to date you would have a gain. And, if you only bought selected issues and you’re in the hole, you are in the hole a lot less than stackers, that’s a win in this PM market. Others ask, what about modern commems. If you bought all the unc issues (no proofs), like I did, your investment shows significant gains. Disclosures: A 20 year period was chosen because that’s about when The Mint started these issues, with the 1994-P Matte Nickel. The modern unc commems starter in 1982, so the period for these commems is 33 years. Gold & platinum coins are not included above because there are far fewer collectors of these coins, so far lower mintages are required for the coin to be a “winner”. ASE’s are one dollar coins, so they are included above. Conclusion: Buying the issues mentioned above is a “no brainer”.
He's simply spewing the anti modern troll rhetoric. They're like a political party that over & over spews lies, so that the ignorant, having heard it over & over again, begin to believe it is true.
@spock1k, do you want me to get somebody to pay this guy a call? I can't get you the Boombatzo brothers, again, but I'm pretty sure Boombani Boombatzo is free. Did you hear the tragic news about his brother, BTW, Bambino Boombatzo? Thursday, two bullets in the head.
Mine settled here. They settled where they knew people, basically, like follow the leader. Brought their languages, their cuisines, their customs. Ah, we got it easy.
I think you are being unfair. We aren't anti-modern; we advocate buying what you like. The commentary that you take issue with is that we urge caution given that many moderns have performed poorly long term. For the record, I have a few modern PL coins and can think of several patterns that were issued in the last 30-40 years that I would like. If the 2000-W true gold Sacagawea Dollars (total mintage less than 50) were ever released, I would be all over them. I also like the 1964 SMS coinage. I am not anti-modern; I just believe in paying attention to history and trends over longer periods of time.
I know what you mean. I grew up in the San Francisco, North Beach area, but moved to the country. Love it here, but vacations are now back to the city, rather than camping.
I don't know, if they issued a gold Sac, the mintage would probably be too high, like the Kennedy. Next year should be interesting for gold collectors with the 1916 anniversary coins. Sure, if you want to look at a 30-40 year period, you could show some dismal performance, for much higher mintage coins, except for the unc commems. Like I said, 20 years was chosen because that's when the issues I speak of started. Other than the commems, they weren't making these low mintage issues 30-40 years ago. Not only have these coins already performed well, their mintages are so low, the potential demand for these could send them to the moon.
Well, I sold 4 more. Down to just 3 left. Current net profit is $314.31 after shipping and fees. 3 coins left priced at $87.95, $87.95, & $77.95. @bkozak33 will be ashamed of me for not sitting on them for years, turning my meager 70% profit when I could have made a $5k profit (this being the coin of the century and all...).
Just think of all those people that sold google stock when the price was up 70% and are now kicking themselves. Its okay taking a profit but i see these coins with a similar price trajectory.
I'm a fool. But I'll take my measly $550 when it's all said and done and invest it in some of you eBay coins!
The 2000-W Sacagawea Dollars (real gold) aren't hypotheticals; they exist. None of them have been released to the public and only 12 survive. That is a large number for the Smithsonian, leading me to believe that these could be offered for sale some day where I believe it would command a strong price. If I had to choose a coin of this century and top performer, so far it would be it. These are legitimate rarities. I would rank them up there with the 1933 Saints, but less promoted and probably a lot less expensive if one were to appear publicly.