speedy..why do you think coins are not a good investment...or do you mean people say on thing and another say another
I bought a 1902 quarter eagle, sold it two years later, and bought a nice HDTV with the profit (with money to spare!). For me, that was a good investment
Right now there are 3 coins I "would" speculate on: Carson City Morgans Capped bust half dollars $10 Gold Liberty
I would try to find problem free examples of key and semi-key dates from older series, in the mid grades (VF-low MS). But that's just me.
The ones that increase in value. You have two choices - wait and see, or find a working crystal ball.
When I'm thinking of something as a good investment I try to think of something that is stable---something that has low risk---well the coin market doesn't fit into either of those---the market is never stable....there is a large risk in investing in a market that is unstable. It is true that you can make money in coins---the truth is, more people make money in coins by just collecting and buying what they like than people that go out and buy coins to make money. It is also true that people have collected for years only to find that they either break even or even lose money when they sell down the road. I guess when thinking about it the best investment is a cemetary <sp?>....people are dieing to get in and I do say that in a joking way--- Speedy
The CoinTalk Spell checker won't work for me---I think it has something to do with my pop-up blocker. Speedy
To me, every Key date coin and "semi-key" date coin I have acquired since changing my buying habits has exceeded my greatest expectations. What I mean by changing my buying habits is that instead of going to a coin show and buying a bunch of commons, I bought 1 or 2 "key' date coins. At the time, I "cried" at their costs, but looking back, I am soooo glad I pulled the trigger and made this purchase. For instance, about four years ago, I bought a 1972 DDO Lincoln Cent graded MS66 by PCGS for $600 and today, I see dealers asking $1,350 for this key DDO Lincoln. The same goes for CC Morgans. Here I focused on buying Morgans with low mintage numbers and today, I am glad I made those puchases. Are there any guarantees? Of course not, but when you see a small known population of coins serving an ever increasing numismatic base, the laws of supply and demand will favor those that acquire these coins NOW, instead of later.
I have a different take than most about coin collecting being a good investment. Coin collecting being a hobby and therefore a form of entertainment as long as you keep this way within the confines of disposable income - at the end of the day its a great investment. Certainly carries a better ROI than dinner and a movie, the little jaunt to the casino or racetrack, tickets to a ballgame, play or concert and etc.
Just using this as an example Midas What dealers are asking for any given coin has nothing to do with what the value of the coin is to you. Dealers can ask anything they want - that doesn't mean they will get it. The only thing that determines the value of a given coin for you the present owner, is how much you can sell it for. And I promise you, that amount will not be equal to a dealer's asking price. Quite often it will be half of that amount. Think I'm joking ? Try walking into a dealer's shop to sell one.
