Retaining Long Term Value on Coins

I'm thinking of beggining againt to collect coins, specifically silver, palladium, and gold. I like the historic value as well as the artistic side mainly. Whilst I understand that coin=!=investment, I am still however interested in maintaining long term value and even accruing in value.

1) What sort of coins are collected that have historically held their value and steadily increased? Like Morgans, ect.?

2) Do you see newer coins such as those from the mint maintain and grow (long term) in their value?

 

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Welcome aboard, Captain.

I don't know if there is a simple answer to your question. Coin values are driven by the market and no one knows what any particular coin - or the coin market in general - will do in the future.

Could you explain the concept of coin=!=investment to us. I don't think I am familiar with that one.

 

Probably a rule of thumb , key dates , in series that are collected as series , and ultra rare coins .
rzage

 

If you buy silver and gold coins, and stick with the classics that retain popularity from generation to generation, and buy good dates/mintmarks, and avoid counterfeits and cleaned/damaged coins, and know enough about grading to buy properly graded coins, and don't overpay compared to both recent auction prices and historical prices --- then you have a reasonable chance of not losing much money when you go to resell them. It's hard work and also requires a bit of luck and a lot of insight into the future direction of the hobby. Years ago, the advice to buy key dates was good advice and almost sure [in hindsight] to be profitable. However, now most key date coins sell at premium prices that are high enough to make the purchase unprofitable over very long periods of time if future collectors aren't even more willing than present collectors to pay higher and higher premiums than anyone who went before them. Among the newer coins I think the Silver Eagles could rise to substantial premiums over bullion value shortly after the US Mint discontinues the series, but probably not before.

Is that hard enough? Anyway, welcome to the forum. If you like Morgans, study and collect them. They seem destined to be eternally popular and are great looking coins.

 

=! means not equal to, it is used in a bunch of programming languages

 

I am very familiar with mathematical formulas (formulae) and I thought what you had written was:

"coins equal exclamation equals investment"

I had no idea what that meant. But now I understand.

So in programming language the exclamation mark represents the slash through an equals sign which makes it "not equal to". Very interesting. I learn something every day.

 

If you are familar with mathematical formulae you should know that an exclamation mark stands for factorial. The best way to describe it is with some examples
5! = 5 x 4 x 3 x 2 x 1
10! = 10 x 9 x 8 x 7 x 6 x 5 x 4 x 3 x 2 x 1
Although "coins equal factorial equals investment" still doesn't make sense lol

 

captain morgan welcome to Cin Talk

 

Wow! I haven't thought about factorials in 2 or 3 decades. That brings back memories. Good memories because I always liked math.

 

Cool I like math too. I'm really good at it

 

Was always good at math , but what are factorals used for .
rzage

 

If I recall correctly factorials are used a lot in probability and statistics to calculate the total number of combinations that can be made from a given set of items.

For example, suppose you wanted to calculate the total number of combinations of Red, Green and Blue. This one is fairly easy to do by hand:

Red Green Blue
Red Blue Green
Green Red Blue
Green Blue Red
Blue Red Green
Blue Green Red

The total number of combinations can simply be counted - 6.

But what happens when you have a large number of items? Things get complicated fast.

In the above example the formula can be written T = n! where:

T = total number of combinations
n = the integer representing the number of colors (or items)

n! = 1 X 2 X 3 X 4 . . . X n (obviously ignoring "X 3" and "X 4" as needed)

So 3! = 1 X 2 X 3 = 6

If we added one more color to the above set (for a total of 4) the total number of combinations would be:

4! = 1 X 2 X 3 X 4 = 24

This concludes your math lesson for today.

 

and to add onto Hobo, here's an example

how many words can be made from the word MISSISSIPPI?

well there's 11 letters and 3 i's, 2 p's and 4 s's
so you do 11! divided by (3! x 2! x 4!)
in other words 11x10x9x8x7x6x5x4x3x2x1 / 3x2x1x2x1x4x3x2x1
and you get 138600 possibilities !!!

 

I understand Hobos' example but Spider you lost me .
rzage

 

I shoulda been a math teacher. I considered it for a while when I was in college.

 

Being able to get your point across makes good teachers .
rzage

 

it's okay, I understand

you should see me train someone new at work, not the best thing for me. i just like to work, get paid and buy coins.

 

:smile:hatch::hammer:

Spider , didn't mean you'd make a bad teacher , just that your example was a little too complicated to "ME"
rzage:smile:hatch::hammer:

 

Boys....Boys....lets get back to collecting coins. Mathamatics and statistics drive me up a wall.

 

One might say; "Trust the answers you get here as far as you can throw the pencil which wrote them...." But generally the posters here are trying to help you.

Welcome to the forum.
Ben