Would you buy a share of a coin?

The coin in question is a 1937 pattern penny of British King Edward VIII. Only about 50 pattern coins were minted. Edward abdicated shortly after gaining the throne in order to marry an American divorcee. So, his coins are rare, and this one is valued at £200,000. The coin is owned by a company that intends to sell it in 4,000 shares, each costing £50. See the link.

So, would you buy a share of a coin? Not necessarily this one, but any coin?

For me, there is no way! Either I own the whole thing so I can hold, study, and admire it, or I don’t own it at all.

Cal

Link: https://www.dailymail.co.uk/news/ar...-000-Rare-Edward-VIII-coin-sold-huge-sum.html

 

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If you don't hold it, you don't own it!

 

No chance ever for a coin when simply how and where you sell it can be a huge difference in price and I dont want to have no say in that.

Investment wise money into stocks/crypto/nfts is where the focus should be for an investor

 

No

 

Easy no as well.

 

No, Definotly.

 

Not at all. I am sure this is a speculative venture. Coins don’t fit in that financial part of my brain.

 

Especially not. I would have to hold it and give my approval.

 

Sure,just cut it up and give the people there proper shares but would that really make any cents?for such a rare coin as a whole.

 

I hesitate to say this, I know I will experience someone's ire, but here goes! It's about like buying crypto to me. Pay the money and nothing to hold in your hand!!

 

Nope, that approach completely divorces the collecting aspect, leaving only speculation. I'd rather speculate on things that produce value as well, like companies. When I'm feeling full of myself, I sometimes even call it "investment".

 

I'm a collector, not an investor, it's not for me.

 

I would disagree. Stocks/Bonds/Real Estate I would say are "investments", (real estate here being boring, prudent things like rental units, commercial, etc). Crypto and NFTs I would label speculative holdings. You can do it, I would never call them "investments", much like I never consider my coins "investments". Nothing wrong with speculation, they are just different things.

 

I've heard of similar "devices" used in the fine art world - a bunch of people go in together to buy a very expensive work of art and either share the "privilege" of displaying it or, more likely, keep it in storage to lessen risk. Usually the "value" of such artworks is in the millions. I'm not terribly excited about either approach, so I'm going to join the no's on this one. No thank you. Similarly, I don't like "gold on paper" schemes, either.

 

I can envision a situation...especially currently given the Market...where I would do so, since I did do just that many years ago. It was very beneficial and within my penchant for the hobby, as opposed to investment schemes.

 

Did you buy in because it "felt like" owning a desirable coin, or was it more because you had deep understanding of the coin market and that gave you confidence in the value prospect?

 

Both. I would not have bought it on my own -a LOT of wampum- and was very confident of a buy and hold... waiting for the opportunity to sell/trade and still have the funds to then buy the same coin in a slightly "lower" condition. It went well.
I don't regret it at all. Of course I had a very old relationship with the other collector. I would do the same thing today, if an opportunity for the right piece presented itself. I was never a bestest of the bestest guy. That is very exhausting, for me.

 

99+% of my financial transactions are digital. So, hardly hand-holdable. But they’re transacted in dollars, euros or pounds. Not in any digital currency.

I’m not a fan of digital currencies. Buying them with “real” money is just a form of currency speculation. Worst problem is lack of stability. Folks want their medium of exchange and value to be reasonably stable. Digital currencies hardly have stability.

In addition, there is a flaw in the way digital currencies were constructed … namely, they disappear eventually because there is no renewal process for lost currency. The loss is mainly through folks losing or forgetting passwords or disappearing or dying with no one else knowing their password. I’ve seen estimates that as much as 20% of BitCoin is gone already. Mining only brings the total amount of BitCoin generated closer to its absolute cap of 21M. Eventually only a token amount will be left or perhaps none.

Cal

 

No, but I did once. A friend found the world’s worst example of the 1793 large cent with the bisecting die crack. You could see an outline of the head, the crack and the beaded border. The surfaces were badly corroded. The price was $10, and each of us paid $5. We sold it for $35 and split the money. This was almost 50 years ago.