Retirement......numismatic coins saved....

$3 for SLD's????!!!!

What century where you born in again???

 

Log in or Sign up to hide this ad.

I was reading good news about the world economy this morning. Okay, not really .. but read away ... http://www.marketwatch.com/story/th...erest-rates-they-are-a-stealth-tax-2016-05-18

So plan accordingly.

 

yes that's what I paid could get them any where

 

Ditto everything he said -and then some. They CAN add to income and they can appreciate in value, but it is an extremely high risk investment for the reward you may see - unless you plan to hold them 30-40 years and have an exit strategy.

Most investment grade coins are only good investments if you buy them at the right price.

Paying retail for a coin, and expecting enough appreciation in the price to cover your investment, maintenance (safe, deposit box, etc) and then to cover a seller premium of anywhere from 15% on ebay (shipping, fees, etc) to upwards of 40% at an auction house - you are asking a lot.

Top grade coins will generally hold value - but there have been hoards that are discovered that tank any sort of rarity premium. Less and less are being discovered - but they are still out there.

All it takes is some guy to walk in with a bag of uncirculated 1889-CC Morgans - and you'll hear a giant THUD of many jaws hitting the floor.

All in moderation I guess. It can be a hobby that pays dividends. But it's the last investment I'd make. Pay off house, build retirement savings (401k/IRA), buy real estate, stocks, gold & silver, even a savings account - they might even start paying interest again soon.

Coins are very much bought with disposable income - so if you must liquidate in an economic downturn - you will see a huge loss.

I had an option to buy a collection that some guy acquired all between 2007 and 2010. He had paid over $100 per coin for some MS69/MS70 ASE's. In some cases, $150 per coin. All are available at retail for $40ish these days. Trying to explain this to the daughter was tough. Then again he was buying from late night infomercials (saw the receipts - uhg!)

Now, he had a few pre-33 quarter eagles that he did get at good prices and actually made a few bucks - but the large part of the collection lost 60% or more.

Caveat Emptor

 

Reading all this investment talk and watching all you fools!

There is only ONE WAY to guarantee you get rich and live a life of luxury!

COME TO MY SEMINAR!

http://www.alpacapasturesva.com/alpaca_basics

 

Any investment analyst who invites me to his seminar gets an up close visual of my middle finger.

 

Call it what you like...many Americans have been paying their banks a service charge for years, which is no diff. than so-called neg. interest. Your bank pays you next to nothing in interest so your service charge is just another name for your neg.interest rate payment. The banks simply call it by a different term so as to not anger their customers any more than they already have!

 

LOL. I went and had a look in my 1965 Red Book. There were a couple of dates listed at $17.50 in VF, but most were considerably higher. Now, we all know Red Book prices are a bit high, but that's an awfully big leap from $3...

 

yes and I am loving it

 

I think we can look at other nations who experienced hyper-inflation for clues. You are right we do not know what would be best in a future that experiences hyper-inflation. There is a county in Virginia that is real big into bartering and money is the exception and not the rule. They get along real well except the government does not know hoe to tax them. I think the point is to be prepared in as many way has you can think. If you are really serious, have a supply of anything you think you may need in the future. e.g. you can buy used tools at auction sometimes for practically nothing. Take what you need sell the rest. Friendships and family is always the most important IMHO.

 

first, because those who read these entries know, i am a lawyer and picky about the words i use. i also have two English degrees and that adds to my problem. not bragging here, just stating facts, ma'am, or establishing cred. I try and proof read everything i post (except capital letters). the errors in your reply detract from its otherwise good advice. 'new' for 'knew,' and 'there' for 'their' just really clang. but it's a long post and that's just two mistakes, the first being a possible typo.

now: good advice about dimes versus gold pieces, inter alia (among other things) in your reply. also, i have read the doomsday scenarios as well as you: it's a reason i collect. they seemed more real until a president, regardless of what else is said about him, rescued the economy, left heading toward another great Depression, from what politicos call the Great Recession (Editorial Board: this is not political, it is history, no names are mentioned, and no current candidates are promoted or demoted, if you will, so please, no editing of this post. i believe most strongly it abides by the Rules). anyway, i appreciate the thoughts in your post and the effort just to write it. forgive the 'english teacher' comments. i would want them.

 

Coins can make you money if you successful at buying low / selling high. I retail coins I have had only a few days while others which should have turned quicker linger in inventory. There can be no real reason to it.

The current market is in the tank and we are now entering the Summer Slow Season. Bullion prices have been trading in a range. Will it all go up or go down like the 1989 crash? Time will tell. Your serious money should be in financial assets with only a fraction allocated to coins and bullion.

We never know how much time we have. A co worker of mine, 5 years my junior passed away 12 years ago (many do not survive long enough to see retirement). Careers can flake out especially due to downsizing, recession, energy price crunch, or simply some jerk manager wants to replace you with his sugar baby, and then age bias. I would not depend on coins as more than a hobby, financial privacy investment, Schedule C tax writeoff, etc. It takes really takes huge money to be a show circuit dealer (traveling all over the country) or open up a shop. I will not spend more than 200-300 on a coin unless its a bullion related coin and the 200-300 is essentially the numismatic portion over BV.

Don't assume good times will always re-appear or continue indefinitely.

 

Buy Low/Sell High...direct from Father Guido Sarduci's 5 minute university.

 

And therein, as the saying goes, lies the rub.