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<p>[QUOTE="gbandy, post: 3877455, member: 20695"]Sure, I'm certain there are plenty of examples where people have collected something profitably. My point is that when you make the decision to purchase a collectible, there is no data or information available to help you reliably predict if that item will appreciate in value 10,20,30 years down the road.</p><p><br /></p><p>When I mentioned "value" in the previous post, I meant it in the business sense of the word. If I make an "investment" in something I am expecting it to provide value, i.e., profit for the duration of ownership: rents on a property, dividends from a stock ownership, interest earned on a deposit, or a reduction in my operating expenses (e.g., converting your house to solar energy).</p><p><br /></p><p>With respect to OP's original question, I would not consider buying collectibles to be an investment for anyone without expertise in that domain(possibly/probably not even for an expert). Further, there is no one who can advise you on which coin to buy that will be profitable to own, any suggestions along those lines is purely speculation. Its easy enough to find any number of articles written by experts in the field that claim the coin market rivals the stock market for "investor" returns: (<a href="https://invest.usgoldbureau.com/news/how-have-rare-coins-performed-in-the-past-vs-the-dow-jones-industrial-index/" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://invest.usgoldbureau.com/news/how-have-rare-coins-performed-in-the-past-vs-the-dow-jones-industrial-index/" rel="nofollow">https://invest.usgoldbureau.com/news/how-have-rare-coins-performed-in-the-past-vs-the-dow-jones-industrial-index/</a>) anyone who followed the advice in the article from 9 years ago is most certainly quite disappointed. I'm very skeptical of something labeled as an investment when the primary driver of value is speculation on the future sale price. If you are not familiar with the Tulip Mania episode from the Netherlands in the 1600's I highly recommend checking this out: <a href="https://en.wikipedia.org/wiki/Tulip_mania" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://en.wikipedia.org/wiki/Tulip_mania" rel="nofollow">https://en.wikipedia.org/wiki/Tulip_mania</a>. When the market price of something continues to go up and up without any change to the underlying value, you should be skeptical.</p><p><br /></p><p>If you have extra cash looking for a home, I would recommend paying off any outstanding consumer debt (guaranteed payoff in interest avoidance) and then parking whatever is left in a low fee stock index fund, like an S&P 500 index. </p><p><br /></p><p>I really enjoy collecting, I love the history and it seems there is always something new to learn, but I have been quite frustrated when dealers and coin business-people advise collectors to buy the "best coin you can afford" with the implication that it will be a better "investment", this advice is certainly helpful for dealers, but for the average collector, I'm not so sure.[/QUOTE]</p><p><br /></p>
[QUOTE="gbandy, post: 3877455, member: 20695"]Sure, I'm certain there are plenty of examples where people have collected something profitably. My point is that when you make the decision to purchase a collectible, there is no data or information available to help you reliably predict if that item will appreciate in value 10,20,30 years down the road. When I mentioned "value" in the previous post, I meant it in the business sense of the word. If I make an "investment" in something I am expecting it to provide value, i.e., profit for the duration of ownership: rents on a property, dividends from a stock ownership, interest earned on a deposit, or a reduction in my operating expenses (e.g., converting your house to solar energy). With respect to OP's original question, I would not consider buying collectibles to be an investment for anyone without expertise in that domain(possibly/probably not even for an expert). Further, there is no one who can advise you on which coin to buy that will be profitable to own, any suggestions along those lines is purely speculation. Its easy enough to find any number of articles written by experts in the field that claim the coin market rivals the stock market for "investor" returns: ([URL]https://invest.usgoldbureau.com/news/how-have-rare-coins-performed-in-the-past-vs-the-dow-jones-industrial-index/[/URL]) anyone who followed the advice in the article from 9 years ago is most certainly quite disappointed. I'm very skeptical of something labeled as an investment when the primary driver of value is speculation on the future sale price. If you are not familiar with the Tulip Mania episode from the Netherlands in the 1600's I highly recommend checking this out: [URL]https://en.wikipedia.org/wiki/Tulip_mania[/URL]. When the market price of something continues to go up and up without any change to the underlying value, you should be skeptical. If you have extra cash looking for a home, I would recommend paying off any outstanding consumer debt (guaranteed payoff in interest avoidance) and then parking whatever is left in a low fee stock index fund, like an S&P 500 index. I really enjoy collecting, I love the history and it seems there is always something new to learn, but I have been quite frustrated when dealers and coin business-people advise collectors to buy the "best coin you can afford" with the implication that it will be a better "investment", this advice is certainly helpful for dealers, but for the average collector, I'm not so sure.[/QUOTE]
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