Are coins dead as an Investment?

Discussion in 'Coin Chat' started by Derek2200, Feb 6, 2020.

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  1. geekpryde

    geekpryde Husband and Father Moderator

    I would mostly agree with this. Like anything, if someones dumb luck is off the charts, you could conceivably "time" things just right and get in and out with perfect clarity. Of course, 99.9999% of collectors dont possess this luck. So while someone with hindsight could point out periods to buy and sell certain coins that exploded in value, the reality is that it basically impossible to do this with any regularity.

    100% agree. Stick to actual investments, or things like businesses that kick off a steady stream of income.

    I would also most agree with this. But only if you also ENJOY coins. If someone doesn't like the coin hobby, parking money in coins is still a bad idea, find somewhere else to store the value.

    OP, if you think of coins as a hobby where you can get back *some*, even possibly *most* of what you pay into it, you will be happy. If you think you will get *more* money back, aka growth of your invested monies, you will almost certainty be disappointed.

    In the end, its all about perspective and expectations.
     
    geekpryde, Feb 8, 2020
    #41 + Quote Reply
    GoldFinger1969 likes this.
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  3. whopper64

    whopper64 Well-Known Member

    Fortunately learned a long time ago not to consider coins as an investment, rather as an "investment" in history. This will be passed on to my daughter and my future grandchild. Amazing history just with U.S. coins, not to mention heritage coins of Germany, Great Britain, and Wales.
     
    whopper64, Feb 8, 2020
    #42 + Quote Reply
    ripple likes this.
  4. STU

    STU Active Member

    I collect as a hobby the history for most of my coins but the investment is there and my kids and grandkids will make lots as they are free for them. so what ever they sell them for bingo they made a profit no matter what anybody says I have seen collectors in my area do the same they are gone and the kids were happy with the profit they made especial the gold as I did get a few of there coins
     
    STU, Feb 19, 2020
    #43 + Quote Reply
    Randy Abercrombie and ripple like this.
  5. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Well, I wrote an Op-Ed where I predicted a possible 57-83% decline in the stock market if thinks go wrong this November.:wideyed:

    So maybe coins win by losing less ? :D
     
    GoldFinger1969, Feb 20, 2020
    #44 + Quote Reply
  6. bradgator2

    bradgator2 Well-Known Member

    I've only bought coins that I never plan to sell.

    I've only sold coins that I didnt like or wanted to upgrade.

    Maybe the little bullion I have could be considered an investment. But considering it would only be "liquidated or used" in an extreme emergency... I guess it is more of a small insurance policy.
     
    bradgator2, Feb 20, 2020
    #45 + Quote Reply
    Hookman likes this.
  7. Hookman

    Hookman Well-Known Member

    I don't look at any of my coins as an investment, although I do know that if I needed to, I could raise more cash from what I've spent my money on, than almost any one else could from whatever hobby they've spent their money on.
    Think of what a predicament someone who collects bowling balls could be in if he needed cash.

    However, guns are another liquid investment. Easily sold and they hold, or even increase, their value.

    My coin collection is meant to provide an inheritance for my children and grandchildren to fight over.
     
    Hookman, Feb 20, 2020
    #46 + Quote Reply
    White Ger. Shep. Lover and Mkman123 like this.
  8. Derek2200

    Derek2200 Well-Known Member

    Outside of bullion related - yes.

    Retail demand is weak and auction results can be dismal. As far as paying a 65 pct premium bc a coin is stickered not gonna be me. Where u gonna find guy who will pay that lol. He definitely will be the end user.
     
    Derek2200, Feb 20, 2020
    #47 + Quote Reply
  9. Stork

    Stork I deliver

    Trying not to laugh. Coins are not investments.
     
    Stork, Feb 20, 2020
    #48 + Quote Reply
    Mkman123 likes this.
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