Investors - LOOK HERE

investing...what?

Well...hmmm...we all invest in our coins. We invest our time. That happens to be much more valuable than whatever money we put into it, as we cannot ever recover that time spent. I happen to enjoy that time spent, so I forgive my collection for taking up so much of it!

If you are talking about making money, that is where it gets complicated. Mintage figures, condition rarity, and demand are all fine examples of how we can justify a purchase or whatever...I've been trying to talk myself into a 1926-s buffalo nickel because with a mintage like that it's just gotta go up. Please. The ones in my price range are ugly, lousy, good for nothing space fillers. My wife would kill me if I bought a nice one. " How much did you spend on that nickel? $5,000?!? "
"But sweetie-pumpkin it's a PCGS MS-60 1926-s Buffalo nickel!"
"It's a nickel and you payed $5,000 for it!!!! You lousy so-and-so, go buy some majick beans while you're at it! And you're not getting any you-know-what until you get me that money back! Period!"

I'm just you're average joe shmoe collector, nothing like some of you big wigs. I think coins are alright to have around. I collect many of them right out of circulation, and the ones I pay for I can't find otherwise. I'm wondering if this thread should be in the bullion section or not. Probably not, I can't see paying that much over melt for condition rarity moderns. The idea behind bullion is owning some nice art with the built in value of precious metal. Heck it could be a solid gold hummel set, if that floats your boat. There's that oriental fellow that has the solid gold toilet, how much over melt would you pay for that? Maybe he could give you a certificate of authenticity listing all the famous people who used it and whether they made a number 1 or a number 2.

Lighten up and enjoy the hobby. It seems like we're all having a good time razzin this fellow anyhow, can't say I care if I ever figure out what "company" he works for.

 

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coins as an investment? no
but as bussiness yes

 

If you are like me and many other collectors, coin collecting as an investment is just the excuse we use to help justify (to ourselves and to our spouses) the money we spend for the enjoyment we receive from what is nothing more than a hobby. If we happen to make some money from the hobby, it's nice, but not a requirement.

Although I would like to think that my coin acquisitions are based on an informed knowledge that I can sell and make money on them in the future, I don't. I actually have no intention of selling and, if I ever do, it won't matter that I'm losing a few bucks.

I would be willing to bet that there's not a person on this forum (except maybe for some dealers here) is in it for the money or pure investment potential. Even high-roller winners on coin auctions don't care about resale value. They simply like and want the coin — for whatever the price.

 

Sure you can. It's called fertilizer.....

 

Doug is correct that where you enter and leave the market is a straightforward reason that coins are far from a surefire investment. However, that's also true of stocks and real estate and many other investments. As Doug and others have noted here, the transaction costs (auction fees, shipping), storage fees for a safe deposit box, cost of insurance all contribute to eating away at any possible profit or add to the loss and may be an even greater reason coins are not on par with other investment vehicles.

I also like Lehigh's comment about any collector with over 10K in coins is an investor, like it or not. I don't like being an investor in coins and I wish I could just be a collector. But I recognize that there may come a day when I need to sell. In the meantime, I plan to collect what I like, hope my other investments do better than my coins and enjoy the hobby.:hammer:

 

Easy to explain. As gold incresed in price it was easy to find investors, Now that gold has dropped a little, they need more investors to shore up the price. When it drops enough, the boiler room people will disappear as will the company they work for. The investors will be left hanging. Screwed.

 

pardon me for not reading through this whole thread... but this thread came up when I searched for "Numis Network"
so I will assume the OP is wanting to pitch this MLM Numis Network, which i can only add that it is a TOTAL RIPOFF and even if coins WERE a good investment, you would be an idiot to pay double the spot price on an MS-70 silver eagle.

that's all i have to say. don't join numis network unless you are good at internet marketing and don't have a problem scamming people.