How would you put together a diversified coin investment portfolio?

See? What'd I tell you?

 

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Oh yeah man; it must be shilling if a pompus keynesian says so. And you even site yourself as the authority who presumbly decides what shilling and cheer leading is? Too bad you can't give yourself a like.

Don't worry. I'm sure the status quo tag team will throw you some likes.

 

Sounds like you can use some life in your life bellman. Here, try this:

http://dailyreckoning.com/the-only-laugh-in-keynesian-economics/

 

The Reckoning?!?!? Seriously?!?!? You disappoint me. Why not the vonMises Institute, where the rich Austrian Fool cranks, like Steve Forbes, fund the hysterical rantings of poorer Austrian Fool cranks?

 

Well that went down hill very fast.

To answer the OP's question: "I wouldn't".

 

I think a big hurdle is selling the stuff once the year is up. We all know how the dealers but much lower than what we paid, even if it's from their stock. Ebay has it's fees, auction houses do, and dealers bid below retail, sometimes significantly below. I've been hearing about how low classic commems are, so maybe buying something like that might appreciate in the short term. Maybe not though. My advice is just to collect what you like, complete a few sets, and buy silver since it's pretty low

 

Diversified coin investment portfolio........the first thing that comes to mind is----what are you? Nuts?

Unless you can afford to acquire something like an 1915 S Pan-Pacific Octagonal I'd say lay off the sauce. This hobby ain't where you invest in the the future. Buy some real estate or farm land.......your return will be much better.

 

That would only matter if I was trying to impress "My Daddy" or "My teacher" of which you are neither.

 

No lie, who the hell made Bellman "King of Coins"? I must say, whether it's allowed or not by the powers that be here, but I cannot stand someone who acts like a "know it all" and thinks he knows everything. Lighten up

 

OK, everyone, cut the insults of members. No one is above being shutdown. Posts removed.

 

I wouldn't "invest" in coins short term. However, if you want to hold onto them for a decade or two, then you might make some money in the long run. I myself would go for low mintage pre 1933 gold coins, or whatever you can afford. Also the Barber Series for long term. XF-MS if you can afford it. There is so much to choose from. Take a look at the Red Book, but I wouldn't use it for accurate prices.

 

I think just collecting for fun sometimes leads to profit, sometimes not. But setting up just for investment, especially short term, is a bad gamble IMO. If anything, collecting coins is a good way to keep some of your money in tangible things and retain the value of your money. Like silver retains value, so do coins in general for me. That's the best you can do most of the time, stay even. I feel a lot better knowing that I'm buying coins rather than spending it on shoes or bags like someone else in my household.

 

You can track coins on paper and and see performance before you put your money in You would not get 100% but very close to it on graded coins
You know we do it every day checking what went up and down with out ever selling

 

What's the matter? Confused by the presence on CT of someone who actually has formal paid-for degree-earned training in economics? Yeah, I can see how that might be outside your experience base. Your confusion is duly noted and understood.

 

By the way, .... , DOWN THE CHART THEY COME! PM's are taking it on the chin again, and silver is down almost 3% on the day.

 

@GDJMSP - DING! DING! DING! That is the basic substantive point I made in the deleted post, other than mercilessly insulting and mocking silver hoarders, which got everyone's back up. It's something I shall continue to do in "meat space", and in the real Internet, because silly CT rules don't apply there.

 

Just a thought ... its not so much what you buy but where you buy it. For example you are at an estate auction, or a no-name antiques auction that has some TPG Morgans and then you place these in an upcoming Stacks/Bowers or Heritage auction sale. I like your first group with a key date Mercury Dime, CC Morgan ... take the $5,000 over a year and buy from out-of-the way venue's ... you have the knoweldge ... also ... as you may know alot of dealers buy raw and then slab them up hoping for a higher grade ...

JPL

 

That just may be the most brilliant post I've yet read on here. Bravissimo! That first line is solid gold, no sarcasm.

 

Forgetting the sage investment advice above, and just for a fun discussion, I'd buy a single coin and hold it for a decade. Select one you really have an interest in and hopefully one with true historical significance. For me, I'd buy a 1795 flowing hair dollar, two leaves in the finest condition I could afford. Anything circulated when George Washington was president seems to have staying power and appeal.