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<p>[QUOTE="fusiafinch, post: 1735334, member: 18382"]Everyone has their own taste and interest in coin collecting. If that's why you like the proof 70 coins, then enjoy it. But I have to say that as an investment potential, it's probably not the best choice. Buying coins purely for investment has always been a bit dicey, and it's always rare coins that do the best. Modern coins in high grade generally will not be the best investment because there's so many of them produced by the Mint these days and it's enough to meet demand. If an average collector has a choice of spending 500 dollars on a proof 70 or 50 dollars on a proof 69, most collectors would just get the 69 because it looks almost the same. </p><p><br /></p><p>Collectors who make money on coin collecting generally focus on a collection of classic coins, including some key date coins. The rare coins will always be rare and are better potential although they certainly cost more. But a nice collection of, say, circulated Liberty seated half dollars in VF or EF condition makes far more sense as an investment because there will demand for a nice collection like that when you sell. If you like certified coins, you can assemble a collection of Morgan dollars in uncirculated grade that would always be in demand. I've always thought Morgan dollars makes the perfect collectible: historical coin with artistic design containing silver and available in uncirculated condition for a wide variety of dates for the average collector with average income. </p><p><br /></p><p>An additional benefit of building a collection is that you can involve your daughter with the hobby and spend time with her and teach her about the history of coins. That could be a much better investment than simply leaving something for her later that she may not understand.</p><p><br /></p><p>In short, if you buy coins only with numismatic investment as the goal, you probably won't do well, but if you focus on a sensible collection and enjoy building it with others, you have a better chance of reward, both psychological and financial.</p><p><br /></p><p>Well, that's my 2 cents, which by the way, is another collectible coin.</p><p><br /></p><p>Regarding coin storage, if you can simply store the coins inside your house with temperature control, such as central air conditioning and heating, you should be OK. Just check the coins every few months to see if there's any adverse effects.</p><p><br /></p><p>I didn't want to criticize your choice of collecting coins. All I want to say is collect the coins that you enjoy and excited about. If you enjoy the proof 70's, than that's great, collect them. But investment is a secondary benefit of collecting.[/QUOTE]</p><p><br /></p>
[QUOTE="fusiafinch, post: 1735334, member: 18382"]Everyone has their own taste and interest in coin collecting. If that's why you like the proof 70 coins, then enjoy it. But I have to say that as an investment potential, it's probably not the best choice. Buying coins purely for investment has always been a bit dicey, and it's always rare coins that do the best. Modern coins in high grade generally will not be the best investment because there's so many of them produced by the Mint these days and it's enough to meet demand. If an average collector has a choice of spending 500 dollars on a proof 70 or 50 dollars on a proof 69, most collectors would just get the 69 because it looks almost the same. Collectors who make money on coin collecting generally focus on a collection of classic coins, including some key date coins. The rare coins will always be rare and are better potential although they certainly cost more. But a nice collection of, say, circulated Liberty seated half dollars in VF or EF condition makes far more sense as an investment because there will demand for a nice collection like that when you sell. If you like certified coins, you can assemble a collection of Morgan dollars in uncirculated grade that would always be in demand. I've always thought Morgan dollars makes the perfect collectible: historical coin with artistic design containing silver and available in uncirculated condition for a wide variety of dates for the average collector with average income. An additional benefit of building a collection is that you can involve your daughter with the hobby and spend time with her and teach her about the history of coins. That could be a much better investment than simply leaving something for her later that she may not understand. In short, if you buy coins only with numismatic investment as the goal, you probably won't do well, but if you focus on a sensible collection and enjoy building it with others, you have a better chance of reward, both psychological and financial. Well, that's my 2 cents, which by the way, is another collectible coin. Regarding coin storage, if you can simply store the coins inside your house with temperature control, such as central air conditioning and heating, you should be OK. Just check the coins every few months to see if there's any adverse effects. I didn't want to criticize your choice of collecting coins. All I want to say is collect the coins that you enjoy and excited about. If you enjoy the proof 70's, than that's great, collect them. But investment is a secondary benefit of collecting.[/QUOTE]
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