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<p>[QUOTE="jetshack, post: 442080, member: 11725"]I agree totally. Although I have made several suggestions in those same threads I've tried to temper my suggestions with reason.</p><p><br /></p><p>As a group coins are horrible long term investments. They do a wonderful job at providing a hedge against inflation. But rarely provide for true gain.</p><p><br /></p><p>But the fact is ever so often a coin does explode (and sometimes implode). Every one of these explosions though can be traced to an event which causes the explosion. </p><p><br /></p><p>So if you're going to attempt to "invest" in specific coins and hope to beat indexed averages you have to really do some homework and take on some extra risk as most of these investment coins will end up being just coins.</p><p><br /></p><p>Anticipating what is likely to happen that will forever change the fundamentals of a coin is the key. This can be done. Sometimes it's not hard to know the event is coming but it could be hard to determine exactly when it's going to occur. </p><p><br /></p><p>Take the 100 year anniversary of the Lincoln Cent. Everyone knew this was coming. I started picking up high grade early date Lincolns 10 years ago because I knew that at some point in the near future they would be out of reach for me. I noticed the price spike starting to occur roughly 4 years ago. Over the last year high grade examples have become incredibly difficult to find.</p><p><br /></p><p>So do some brainstorming and think about what outside events are probable to occur and because of these events which coins are more likely to appreciate due to them.[/QUOTE]</p><p><br /></p>
[QUOTE="jetshack, post: 442080, member: 11725"]I agree totally. Although I have made several suggestions in those same threads I've tried to temper my suggestions with reason. As a group coins are horrible long term investments. They do a wonderful job at providing a hedge against inflation. But rarely provide for true gain. But the fact is ever so often a coin does explode (and sometimes implode). Every one of these explosions though can be traced to an event which causes the explosion. So if you're going to attempt to "invest" in specific coins and hope to beat indexed averages you have to really do some homework and take on some extra risk as most of these investment coins will end up being just coins. Anticipating what is likely to happen that will forever change the fundamentals of a coin is the key. This can be done. Sometimes it's not hard to know the event is coming but it could be hard to determine exactly when it's going to occur. Take the 100 year anniversary of the Lincoln Cent. Everyone knew this was coming. I started picking up high grade early date Lincolns 10 years ago because I knew that at some point in the near future they would be out of reach for me. I noticed the price spike starting to occur roughly 4 years ago. Over the last year high grade examples have become incredibly difficult to find. So do some brainstorming and think about what outside events are probable to occur and because of these events which coins are more likely to appreciate due to them.[/QUOTE]
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