Coins to invest in??

Serious ?

I had to put my two cents in here again. Serious?? many collectors are serious, I agree with pcrndndave, you do not have to spend 40 hours a week to be serious, there are collectors that spend very small amounts on coins and are serious collectors. I consider myself a serious collector, I have goals in mind and am proceding to reach them.
One of my other hobbies is scale model building, there are guys who buy hundreds of dollars worth of aftermarket accy's to make their build more like the real thing, and there are guys who build out of the box, which one is a serious modeler? same thing, as long as the hobbyist enjoys what he or her does everyone else should be happy.
As I said in another response, I am collecting Barber Dimes in Fine, and Large Cents in VG, I need only one more Dime to have the complete P mm set and will go on from here to get the S and O's The Large Cent collection will take quite some time to complete.I am also working on a MS 64 short set of Walkers, are these investment coins?? I think not, just beautiful white specimens that I enjoy, they are not expensive either. Also I will probably go ahead and buy some slabbed high grade coins, not a set or maybe not even more than one of each coin,why? Because I like them, are they investments?? I don't know, I do know that if I like the coin and it pleases me to buy it, I'm happy.
As for books and research, in most of my hobbies I enjoy the research as much and sometimes more than the actual physical part of the hobby.

Lets collect coins ! ! ! ! ! ! !

Well, just my two cents, Tony ^_^

 

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my idea of a serious collector is anyone that cares to learn more.

Every single person that comes and chats on this site is a serious collector in my opinion.For me personaly i first looked at coins becuase i was looking to buy gold, i think a lot of people come via this route.But if it was just gold i was intrested in then ive no idea what im doing on a coin forum.

in the last year ive spent over 300 pound ie 570usd on books alone.This might not be a lot of money to some here but to me it is.

Infact as it stands just now i have more value in what i paid for books than i do in coins, thats not counting the silver/gold bullion coins i have.

Im very much swinging towards british sixpences and crowns i feel the history of these coins is something the usa can only dream of.i wouldnt call myself a serious collector more a very intrested novice that is very glad hes found this hobby.I learn something new everyday, i loke to buy kob lots of coins and then research them i also like to find a bargain its just in my nature.

here are last couple of things i have bought

http://cgi.ebay.co.uk/ws/eBayISAPI.dll?ViewItem&rd=1&item=3945223663&ssPageName=STRK:MEWN:IT

http://cgi.ebay.co.uk/ws/eBayISAPI.dll?ViewItem&category=786&item=3945271479

http://cgi.ebay.co.uk/ws/eBayISAPI.dll?ViewItem&rd=1&item=3944147934&ssPageName=STRK:MEWN:IT

http://cgi.ebay.co.uk/ws/eBayISAPI.dll?ViewItem&rd=1&item=3941346197&ssPageName=STRK:MEWN:IT


ya can still collect and grab a bargain at the same time

 

gd they usually go for about 140 tube, there is 17.5% vat and import duties too on eagles.Last 2 tubes i got from the usa i paid 180 usd for them each then was charged 75 pounds for each of them in import duty and taxes

 

ouch! Thats gotta hurt.

 

the only ones i will ever import again is a tube of 86 eagles which i need, i have a tube or more of near every date now but need to get that tube.There becoming expensive

 

Well well well... sixpences and crowns. Remind me to post you some pictures sometime.

GD could tell you not to mention sixpences in my presence!

 

Let me tell you about personal expierence...
in december of 2000, I finally got a stable job in Argentina after many months of unemployment and hardships you can only read in Dickens novels. With $500-700 a month I still could save up about $300- $350 due to a modest lifestyle. And, of course, a question arise what to do with this money?
Bank was paying about 7-7,5% a year, or about $20 a month in my case ( it was my day pay at 12 hours a day work).
I love coins... Even if they are sold as a gold bullions. In Argentina in banks you could get chilean pesos, argentinian pesos, krugerrands, british pounds and sometimes even US $20 gold coins. At a bullion value.

So, I had a dilemma- to enjoy watching and handling golden coins, and hope for the best gold rise, or get stable $20 a month plus each month.
I chosed bank. 1 year later, they had a huge bank crisis in Argentina.
I , as a small account holder, losed only about 35%, plus tons of nerves and hours and hours in the bank. Gold went from $350 to $400 in that year. Guys with bigger accounts, lost about 60-70% of their money, and got these 30 % only after a couple years.
Go figure, what could happen if i (them) bought coins...

 

Vald, Prevet. Your point is the same point that I and others have been making for awhile at this forum and that is coin collecting in gold coins is not only a hobby but investing as well. Here in this wonderful nation of stability, for the past 60 plus years, people have forgotten that cash value could disappear over night. Gold coins for today's bullion price might be someone's grandchildren/ grandnephew's collectable coin and today's collectable gold coin always has that bullion value for resale if needed. For those who say that it is hard to get that resale to equal purchasing price then they should reread your post how people with money in the bank lost 60 to 70 percent of thier cash value. Gold is not the best investment but like diamonds, it is a hedge against crisis. Hope all is going well for you now.

 

little correction: gold went from $300-310 to $390-400 that year.
You know how much is it now. Besides, golden ores get weaker every year. Russia will be out of gold within 10-12 years. South Africans have their mines up to 4 miles deep to dig their gold and diamands.

One company in SA had an exibition post-- a cubic meter of ore and a tiny cubic of gold which it has, on top of it. It was calculated 7 grams per ton. So it was so tiny that many workers lost their minds later in the mines. Nowdays 7 grams per ton means a rich ore.

 

The term "serious collector" is used in sales pitches to hasten people into believing: 'if I buy this coin, people will think I am part of the elite group.' It's a pitch that is quite successful in many avenues. It helps the casual buyer justify a larger than normal price tag...

I agree with the idea that 'serious collectors' are not defined, so much, in what they buy, but how they buy it and how they collect it. The serious collectors would, in my opinion, never be sucked into sales gimmics and tactics - although, if you can find a person who has never done this in our culture, I would like to meet him (or her).

That said, let us never forget the investment quality of tullips - and the lesson to be had there.

 

"That said, let us never forget the investment quality of tullips" Rick.
Rick, should I invest in Tullips that come from Holland or from Israel and should I bronze them or freeze dry them for potential income value? I was thinking about taking a second mortage out to bankroll this so please only give me advice to make me rich.

"Let the buyer beware". Adam Smith.