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<p>[QUOTE="taxbuster1040, post: 21708, member: 1594"]<b>coin investments</b></p><p><br /></p><p>I appreciate all the timely responses.... but let me amplify what I am saying in view of the general ambiance of your reposnses so far. When a collector buys a coin, if he is to be a successful collector, how does he decide what to buy and how much to pay for it? Is it merely a matter of filling holes in an album? Is it, oh well, this coin is the most shiny, I will get this one? Or well, I like the story about liberty's breast so I will buy a 1916 quarter? I for one, as a person who has invested in stocks, mutual funds, bonds and real estate, must come to some conclusion about the purchase of a particular coin. Of course, we always know what tomorow brings. But life is about choices. When i make my choice about coins, I would really like to know the price history of that coin... for say 20 to 30 years, I would like to know if it is likely some hoard will greatly diminish its value, I would like to know based on rarity and colectors habits of the past that this coin has mostly stayed popular and should continue to grow popular in the future. I cannot be an expert at all things. So I would like to rely on experts in your field, as there are experts on tv who recommend stocks and mutual funds. Some of them are idiots, but I can judge for myself. I think if the numismatic experts avoid giving coin investment advice, they are doing a disservice. The books I have read including some of Travers books, seem to issue specific recomendations. That is what i am talking about... But the material in his books seems dated. I don't think that members of this forum need to be so gun shy on giving advice..... Not withstanding the Federal regulation you site. Are you saying that it is federal regulation that forbids you from even suggesting that a particular coin might be a good purchase right now? If so, why is that regulation so much different than stock brokers, who make a market in stocks and give advice! One other thing, from what I have read, there seem to be various studies that rare coins have been very good investments. That select rare coins have outpaced many other kinds of investments. Those studies did not just include 3 or 4 unaffordable rare coins....[/QUOTE]</p><p><br /></p>
[QUOTE="taxbuster1040, post: 21708, member: 1594"][b]coin investments[/b] I appreciate all the timely responses.... but let me amplify what I am saying in view of the general ambiance of your reposnses so far. When a collector buys a coin, if he is to be a successful collector, how does he decide what to buy and how much to pay for it? Is it merely a matter of filling holes in an album? Is it, oh well, this coin is the most shiny, I will get this one? Or well, I like the story about liberty's breast so I will buy a 1916 quarter? I for one, as a person who has invested in stocks, mutual funds, bonds and real estate, must come to some conclusion about the purchase of a particular coin. Of course, we always know what tomorow brings. But life is about choices. When i make my choice about coins, I would really like to know the price history of that coin... for say 20 to 30 years, I would like to know if it is likely some hoard will greatly diminish its value, I would like to know based on rarity and colectors habits of the past that this coin has mostly stayed popular and should continue to grow popular in the future. I cannot be an expert at all things. So I would like to rely on experts in your field, as there are experts on tv who recommend stocks and mutual funds. Some of them are idiots, but I can judge for myself. I think if the numismatic experts avoid giving coin investment advice, they are doing a disservice. The books I have read including some of Travers books, seem to issue specific recomendations. That is what i am talking about... But the material in his books seems dated. I don't think that members of this forum need to be so gun shy on giving advice..... Not withstanding the Federal regulation you site. Are you saying that it is federal regulation that forbids you from even suggesting that a particular coin might be a good purchase right now? If so, why is that regulation so much different than stock brokers, who make a market in stocks and give advice! One other thing, from what I have read, there seem to be various studies that rare coins have been very good investments. That select rare coins have outpaced many other kinds of investments. Those studies did not just include 3 or 4 unaffordable rare coins....[/QUOTE]
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