Not necessarily. There are many coins, including high grade mint state and Proof type, as well as classic silver commemoratives, which are trading at literally fractions of their 1989/1990 prices.
IMHO, from what I can see based upon the data provided; certification can be skipped in this case (it's genuine) and the money saved to purchase more beautiful RAW coins which can be found quite easily on the internet (dealer or auction sites). One should realize when you immerse yourself in a series you'll find that you can do lots of things just as well, often better than those who charge you for an opinion... Just my two cents...
I received the coin yesterday. Great coin! The pic is very accurate, except for the color. I think the color was modified in the photos to give it a "goldish hue", though it is really the steel grey color that most of these coins have. There is also a little more wear on the chin then evident in the photo, but it is pretty accurate overall. I thnk the coin is at least a solid EF-45....and since the seller just listed, "EF", then I'm happy. John
Well then i must say its beginners luck that i managed to get such good coins for a great price all the time. The market for these coins does not apply to me in the sense that i dont plan to sell these for a profit as far as prices for a grade go i am usually very well aware of those before i make a purchase on any coin. I get the pcgs pop reports so i know how many coins they grade. I am not against the idea of more studying and thinking but i dont think i am a novice by any means and all my coins without an exception (us slabbed pcgs) will be worth more than what they are today in 3 years time. but i do agree that knowledge alway helps and there is no end to knowledge and i have a very good mentor and a great network of dealers to boot
spock would you say that I have fairly decent knowledge in regard to coins ? As a result of that knowledge would you think that if I sold my collection that I would show a profit as a result of the sale ? Well lemme tell ya friend, I've sold 2 rather large and expensive collections - lost considerable money on both of them. And I held them for longer than the 3 years you mention. Those are the cold hard facts. As I have said 10,000 times if I have said it once - buy coins because you like them - NOT because you expect to ever make a profit when you sell them, because you won't.
hmm. I've never really sold coins, but I would think it kind of depends on how you sell them and who you sell them to. If you sold them as large collections, won't you get less than if you sell each coin individually? But I agree. If there is not a collector type interest, its not really worthwhile in as an "investment only" purchase.....unless you know you are getting a killer deal.
It takes years, sometimes a lifetime to accumulate a collection - yes ? Well, what most people don't think of is that it takes just as long to sell a collection a piece at a time. So that is seldom a realistic option. Almost always, collections are sold as a whole. Then you have to take into consideration the buy sell spread. That quite often is 40% and 40% is rather large obstacle to overcome.
I must agree with everything he said in both his last two posts. My only goal is that when my heirs get the coins they understand what I have and do as best as they can. I also hope to live long enough that the collector base increases, increasing the demand and maybe I make a few bucks. But retirement is not based on that.