Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Paper Money
>
$500 bill
>
Reply to Thread
Message:
<p>[QUOTE="johnny54321, post: 594754, member: 13342"]Thanks for the comments guys. This morning I was thinking about my collecting habbits philosophically....and I realize that I like mid-grade antique high denomination bills for similar reasons that I like common classic US gold. Now I realize that neither is the "best" investment, but both of these types of items have a significant secondary source of value that makes up a large percentage of their full value. Gatzdon summed it up here, </p><p> </p><p>IF both the currency market and coin market completely tanked(i doubt this would happen, but what if), what kind of items will still have value? The ones with either a high face value, or high precious metal content. Of course this is also assuming that either gold or the american dollar still has value: but my point is that both of these items have a secondary source of value that the "collectibality" part of the market just places a premium on.</p><p> </p><p>Like I said, I don't think either is really the best investment, but it is kind of a "comfort" issue to me. If I had $1500 to spend on a collecible, I would feel more comfortable either purchasing a nice $20 Saint Gaudens, or a decent $1,000 bill, than I would an MS-64 capped bust dime or an early highgrade $5 note(that had a market value of $1500). </p><p> </p><p>Anyways.....enough rambling; It was just kind of revelational to me to figure out why I collect what I collect.[/QUOTE]</p><p><br /></p>
[QUOTE="johnny54321, post: 594754, member: 13342"]Thanks for the comments guys. This morning I was thinking about my collecting habbits philosophically....and I realize that I like mid-grade antique high denomination bills for similar reasons that I like common classic US gold. Now I realize that neither is the "best" investment, but both of these types of items have a significant secondary source of value that makes up a large percentage of their full value. Gatzdon summed it up here, IF both the currency market and coin market completely tanked(i doubt this would happen, but what if), what kind of items will still have value? The ones with either a high face value, or high precious metal content. Of course this is also assuming that either gold or the american dollar still has value: but my point is that both of these items have a secondary source of value that the "collectibality" part of the market just places a premium on. Like I said, I don't think either is really the best investment, but it is kind of a "comfort" issue to me. If I had $1500 to spend on a collecible, I would feel more comfortable either purchasing a nice $20 Saint Gaudens, or a decent $1,000 bill, than I would an MS-64 capped bust dime or an early highgrade $5 note(that had a market value of $1500). Anyways.....enough rambling; It was just kind of revelational to me to figure out why I collect what I collect.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Paper Money
>
$500 bill
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...