Latest On Kennedy Gold Half Dollars

How did you lose 100% of a 401k ?

 

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Here's my investment advice - build a time machine, go back to the 1980's when all the talking heads were wondering when Apple would liquidate or sell off its assets to IBM or Compaq, because both were cleaning Apple's clock. Then, buy all the Apple stock you can get your hands on and bury it in a strongbox with a marker you'll always be able to find. Get back into the time machine, come back to today, dig up the stock and sell it now.

Or, you could stop reading website advice, do your own research into companies' products, corporate cultures and the commitment of their leaders to do "insanely great things" and invest accordingly.

 

It can be done "regularly", and quite soon, but not quite yet, "easily and daily".

 

Hi, gang! I contacted the sellers and they were selling to raise cash. In other words they were/are "distress sales". The moral of the story is: "If the heat is too hot, don't go into the kitchen."

 

Nearly every coin I buy is from a "distress sale" - the ultimate distress. The collector died and I'm at an estate sale. Collectors who have assumed the ambient temperature seldom refuse the highest offer in the room, even if it's a lowball one.

 

I didn't. A friend of mine and a lot of other people lost their 401Ks and had to go back to work.

 

I see your ebay and raise you one amazon: https://www.amazon.com/s/ref=nb_sb_...lf+dollar&rh=i:aps,k:kennedy+gold+half+dollar

 

Are you saying that the deceased had no heirs?

 

"distress sale"
there's always more than one
and they never stop

In other words, you have lower than $1,000 sales on the JFK Gold coins.
period. call it what you want.

You *CAN* pay more if you want.
But if you pay $1500 for one
and I pay $986 for one
I'm already ahead $514.

There's TV Shows that will always sell you something for far more than it's worth if you really want to lose money.

 

This post reminds me of when I sold two pieces of real estate in NJ and the realtors came in and low-balled the prices. I threw them out and told them not to darken my door again. All they were interested in was their 6% commission. My reals estate sales were not "distress" sales and hence I didn't get held up by the "fakertors."

 

I'm saying they had no heirs who wanted to keep the collections involved. All they wanted was cash money. These sales are a weekly occurrence near me. It's, along with fresh U.S. Mint purchases, about 90% of my coin purchases. I go to literally every main ANA show and seldom buy anything significant on the bourse.

 

Oh! Apparently the deceased didn't educate his heirs on the value of his collection.

 

...or they felt it was too much work, which is the case the majority of the time.

 

I wish I could "Like" this post about 15,000 times.

 

Yes, people tend to be lazy and don't really care about how much work their ancestors put in to amass an estate to pass on to their heirs.

 

..or they have a "better" use for the funds, like paying down their arrearages they still carry from the last recession. In general, on the average, our elderly are the richest generation out there. Often their heirs are up to their eyebrows in debt.

 

Beth Deisher Wrote a book "Cash in Your Coins Selling the Rare Coins You've Inherited". Excellant book, I've shown it to my children and keep it with my coin collection.

 

You can pick one coin that performed well over the last 45 years, and I can pick one stock that performed well over the same period. They're both anecdotes.

 

I like this.