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<p>[QUOTE="Cloudsweeper99, post: 110342, member: 3011"]Speedy covered the topic in his usual thorough and professional manner. I'll just add the following.</p><p><br /></p><p>I think coins are a great investment, but you have to understand what type of investment they are. Coins are like buying a foreign currency, but one that is fairly inflation-proof and not necessarily tied to the US dollar. So they probably won't perform as well as the stock market because there is no reinvestment of retained earnings, but should do as well or better than a sound currency, like the Swiss franc used to be or the Deutchmark before the wall came down. This is particularly true for a coin like the ASE.</p><p><br /></p><p>If you want to make money, there are two basic ways. First, become very very very expert in the hobby and use the knowledge to buy things such as key date coins and the like at reasonable prices for the grade. Second, do what you are doing by collecting something relatively simple like ASEs at prices close to the bullion value and hope that silver goes up in price. Some people who have studied silver believe this is probable because of production shortages.</p><p><br /></p><p>Don't expect either method to be profitable quickly, or a sure thing.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 110342, member: 3011"]Speedy covered the topic in his usual thorough and professional manner. I'll just add the following. I think coins are a great investment, but you have to understand what type of investment they are. Coins are like buying a foreign currency, but one that is fairly inflation-proof and not necessarily tied to the US dollar. So they probably won't perform as well as the stock market because there is no reinvestment of retained earnings, but should do as well or better than a sound currency, like the Swiss franc used to be or the Deutchmark before the wall came down. This is particularly true for a coin like the ASE. If you want to make money, there are two basic ways. First, become very very very expert in the hobby and use the knowledge to buy things such as key date coins and the like at reasonable prices for the grade. Second, do what you are doing by collecting something relatively simple like ASEs at prices close to the bullion value and hope that silver goes up in price. Some people who have studied silver believe this is probable because of production shortages. Don't expect either method to be profitable quickly, or a sure thing.[/QUOTE]
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