Thoughts on key date US coins as investment hobby?

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I wonder how many people consider that when they are reading their "free" newsletter/blogs/emails or know it all Influencer?

 

Yes, if coins of a particular series go up say 10%, the key dates logically do the same. You just net more from 10% of a $10k coin than 10% of a $100 coin. What would happen to change that relationship is an influx of "investors" who only focus on the key dates. Otherwise it's just a "rising tide lifts all boats" scenario.

 

I look at coin collecting as a hobby where I won’t lose too much if I’m careful. If I’m lucky, might even gain adjusted for inflation. I like to do short series that appeal because of history and/or design beauty. One advantage (or disadvantage, depending on point of view) of completing series is that you are forced to acquire the key dates.

Mike

 

Somebody is selling fractional ownership of the mint state pine tree (?) schilling that recently sold for 7-figures.

I don't think you get to keep it in your house, more like when it sells you will get 1/nth of the increase in value.

They had a display at the ANA WFoM.

 

I wish I were a coin guru who can look into the future and see what will be hot or not. Anytime investing in coins comes up I always remember a quote from Q. David Bowers I cut out of Coin World.
"Anytime someone in numismatics says they know what the next sure fire thing will be or tell you something is 100% guaranteed to double in the next year. Hold on to your wallet and run towards the door. " James

 

This made me chuckle. I've been collecting ancients for the past 15 years and have so much joy in learning about the cultures and regions that each coin comes from - I also don't really care if I make a profit with them.

The only thing that really comes to mind is the popularity of coin collecting as a hobby. If there is less money being spent by collectors, dealers will naturally have to be increasingly competitive with what they sell the coins for.

In an ideal world I'd like to find a dealer that knows to set aside a few of the key dates that I'm looking for and I would happily pay greysheet retail for a set number of each month.

 

That’s my home address… but I’m no longer in Maine and live in Virginia. Probably moving to Boston soon.

I don’t have deep pockets at the moment but I can look.

 

I didn't read through most of the answers to your question but the answer is simple.... NO Coins are NOT a safe investment. In fact in the long run it is 99.99% likely you will lose money if you invest in coins, even limiting yourself to key dates does not improve your odds. Simply stated the only people who make a "profit" off a coin collection are the surviving relatives selling it off after the collector has passed.

 

Some G4 dimes have had a 106% return in 10 years and 120% in 5 years.
Hum,

 

Thanks Evan I googled and the same women owned that house foe for 17 years! No store?