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<p>[QUOTE="SFDukie, post: 51278, member: 2529"]<b>Welcome- find your own interests...</b></p><p><br /></p><p>Hi monster, welcome. </p><p>I echo the advice that one's primary reason for buying coins should be enjoyment and interest. There are market forces in coins that are very hard to predict. If you're in the US, the baby boomer generation is the hamster going thriough the population's boa constrictor, so to speak. Coin market has been booming for several years due to interest in numismatics by boomers (and others of course), internet sales and info, and the introduction of new coins (state quarters most notably) by the US mint. I mention boomers because they have the money and the time to get into coins, and they have, in a big way. Will they remain interested as they age-who knows...</p><p>Key dates are cited by many as coins which hold their value in down markets.</p><p>personally, I'd rather have a coin that I really like over bullion. Gold double eagles in low ms are available with relatively low premiums over their bullion value. </p><p>Silver is a very complex play. There is tons of info out on the internet- I'd read as much as possible prior to buying bullion, and remember that experts advise only putting a small amount of investment funds in such assets. Read investment advice with an eye as to the motive of the author. Not trying to spell gloom and doom, just urging caution. There may be reasons why silver will be higher in 20 years, but there are also reasons to think it will not be much higher. Photographic use of silver has been about 25% of industrial use in recent years and will likely decline as digital photography takes over from print- but even that "picture" is complex. Personally, I don't have a clue- there are many factors from mining costs (ie amount mined has been low for the past ten years or so compared with demand- one would think that makes a clear case for increasing prices- but if there are increased prices for awhile- more silver will be mined...) to appreciation or depreciation of the dollar againt the yuan, etc. And what silver will do is an issue that some intellegent folks think about full time... Look at the kitco silver chart:</p><p><a href="http://www.kitco.com/charts/livesilver.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.kitco.com/charts/livesilver.html" rel="nofollow">http://www.kitco.com/charts/livesilver.html</a> for 10 years and longer- one constant is that the price is very volatile...</p><p>So if you like collecting ASEs for their sake, go for it. Personally, I'd pick coins that you like, and buy really nice examples. Key dates as soon as you are comfortable with grading. Good luck, and let us know your thoughts as they evolve...[/QUOTE]</p><p><br /></p>
[QUOTE="SFDukie, post: 51278, member: 2529"][b]Welcome- find your own interests...[/b] Hi monster, welcome. I echo the advice that one's primary reason for buying coins should be enjoyment and interest. There are market forces in coins that are very hard to predict. If you're in the US, the baby boomer generation is the hamster going thriough the population's boa constrictor, so to speak. Coin market has been booming for several years due to interest in numismatics by boomers (and others of course), internet sales and info, and the introduction of new coins (state quarters most notably) by the US mint. I mention boomers because they have the money and the time to get into coins, and they have, in a big way. Will they remain interested as they age-who knows... Key dates are cited by many as coins which hold their value in down markets. personally, I'd rather have a coin that I really like over bullion. Gold double eagles in low ms are available with relatively low premiums over their bullion value. Silver is a very complex play. There is tons of info out on the internet- I'd read as much as possible prior to buying bullion, and remember that experts advise only putting a small amount of investment funds in such assets. Read investment advice with an eye as to the motive of the author. Not trying to spell gloom and doom, just urging caution. There may be reasons why silver will be higher in 20 years, but there are also reasons to think it will not be much higher. Photographic use of silver has been about 25% of industrial use in recent years and will likely decline as digital photography takes over from print- but even that "picture" is complex. Personally, I don't have a clue- there are many factors from mining costs (ie amount mined has been low for the past ten years or so compared with demand- one would think that makes a clear case for increasing prices- but if there are increased prices for awhile- more silver will be mined...) to appreciation or depreciation of the dollar againt the yuan, etc. And what silver will do is an issue that some intellegent folks think about full time... Look at the kitco silver chart: [url]http://www.kitco.com/charts/livesilver.html[/url] for 10 years and longer- one constant is that the price is very volatile... So if you like collecting ASEs for their sake, go for it. Personally, I'd pick coins that you like, and buy really nice examples. Key dates as soon as you are comfortable with grading. Good luck, and let us know your thoughts as they evolve...[/QUOTE]
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