Is There Any Point In Investing In Numismatics...

...along with bullion? Right now i am buying bullion only (and 90% circulated silver) I am doing this mainly because of the economic situation although i am very tempted by the aesthetics of numismatic coins :goofer: Should i resist the temptation to get involved in rare coins, at all, since i am mainly trying to protect my financial future against inflation or would some numismatic investment make sense also? :rolling:

 

Log in or Sign up to hide this ad.

My advice is:

For investment purposes buy bullion.

For collector interest buy coins.

 

I agree coin can be an investment if you know what to look for

 

I would a couple till the end of the year & then only buy high grade, key date morgans. Good investments IMO

 

Solid advice from Hobo.....

 

If you are going to invest in a hobby... Make it coins, it is the only hobby where you spend money, and get money in return

 

High grade rare coins generally go up in value many multiples of what precious metals prices and bullion coins do when charted over decades.

The problem is you have to do a great deal of research and learn many lessons to pick the correct coins.

 

Hey! My Beany Babies are still worth something, right? RIGHT?! *cry*

 

Thanks one and all for your advice :bow:

 

My beanie babies are worth a lot! lol
As our my baseball cards! Sad for these two hobbies I chose coins!

 

Coins are a lousy investment. They are a wonderful hobby, and some coins appreciate and others depreciate. They tend to depreciate a lot less than my other sundry hobbies, model trains, aircrafts, and are generally easier to unload if I want to.

I have coins that are strategic holdings for value retention, note - not an investment. They are specifically for holding a certain value in something other than cash. That even includes some stuff that others would collect, but I bought as, and treat as nothing more than bullion - even if it is 130+ years old as some of it is.

Coin collecting and investing do not mix for me. I collected coins because I liked them, not because I want them to be worth X dollars down the road. Others will differ with me, and that is fine. We all have our own unique approaches to this subject of numismatics.

 

Well, I collect them because i like them as well.. But, if they can be worth x amount of dollars down the road, that is a plus!
If you ever have a problem with your coins, just send them to me.

 

Numismatic coins are probably as good an investment as other collectibles such as art. But if you are going in purely for investment, your best bet is to get professional help [assuming you don't have the skill yourself] and try to purchase only one or two of the best quality items you can afford. Ironically, the best coin investments are those where the gold or silver bullion content makes up much of the value, and the truly rare and high end coins. Everything in between is less certain. So if you planned to run out and buy a bunch of slabbed MS65 Morgan dollars and consider that an investment, you might not accomplish what you think you accomplished.

This is all opinion of course and others will have different ideas.

 

That's the key, right there.

Coin collecting is like science... the more I learn, I'm more amazed at how little I know.

Plenty of people make good money at coins. But it is a highly skilled profession. Much knowledge and experience required !

 

I have been collecting since July of 08', and I know a lot... But, it is surprising about how little I really know... And that goes for people who have been collecting for 30 years as well.
I don't think it is smart to double and triple up on the same coin... Like getting a ton of wheats and hoarding them, because in your lifetime, it won't be worth much. I'd use that money, and just try to complete some sets... Get a Frankie Set or Mercury Dime set, those are not the hardest sets to complete... I chose wheats, and I need all the keys still. If you choose morgans, you'll be stuck forever on the 1893S.
Collect what you like, but be smart about it.

 

If you are going to "invest" in coins think keys.

 

Put 50% in coins and 50% in generic bullion.

Buy coins that are also Gold or Silver to hedge your bets.

Just one way to look at it.

The key to collecting coins for investment is selecting coins that you think will go up in value or, at the very least, hold their value where you buy! Finding good deals being sold below their current value helps too.

Anyway, it does take more time to research coin value than bullion value.

If you go with bullion alone, then it may be good to diversify, such as...

20% Gold
25% Platinum
25% Palladium
30% Silver

OR (right now, very roughly)

1 Oz Gold
1 Oz Platinum
4 Oz Palladium
100 Oz Silver

Hope that helps.

Regards,
Michael

 

different or not if someone deviates from this they will be sorry :thumb::

 

I love them coins!