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Buying a coin with future pricing in mind
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<p>[QUOTE="ewomack, post: 3515133, member: 15588"]I don't think I've ever purchased a numismatic item in hopes of future fortune. The odds seem pretty slim on a big jackpot for anything clad. Come to think of it, the odds seem quite slim for just about <i>any</i> numismatic item that the average person could afford exploding in value.</p><p><br /></p><p>On the other hand, I have purchased plenty of pure bullion coins with the hope that they would increase in value, or at the very least not lose value. That's the entire point of such purchases, really. These do include some numismatic items, but the purchase price on these hovered closer to melt than to collector's frenzy. </p><p><br /></p><p>Apart from the major rarities that the upper out sight can afford, I don't see a lot of money to be made from coin speculation, especially from anything circulating now, regardless of condition. Of course I don't know the future, but I think interest in coins will wane over time for the many reasons that multiple people have discussed here before. I think the hobby will continue on, but in a somewhat diminished state. There will also likely always be <i>someone</i> around interested in <i>real</i> numismatics, but I doubt that we're in for any maniacal eruptions in coin values anytime soon. Still, as I said, I don't know the future. And I don't think that I know anyone that does.[/QUOTE]</p><p><br /></p>
[QUOTE="ewomack, post: 3515133, member: 15588"]I don't think I've ever purchased a numismatic item in hopes of future fortune. The odds seem pretty slim on a big jackpot for anything clad. Come to think of it, the odds seem quite slim for just about [I]any[/I] numismatic item that the average person could afford exploding in value. On the other hand, I have purchased plenty of pure bullion coins with the hope that they would increase in value, or at the very least not lose value. That's the entire point of such purchases, really. These do include some numismatic items, but the purchase price on these hovered closer to melt than to collector's frenzy. Apart from the major rarities that the upper out sight can afford, I don't see a lot of money to be made from coin speculation, especially from anything circulating now, regardless of condition. Of course I don't know the future, but I think interest in coins will wane over time for the many reasons that multiple people have discussed here before. I think the hobby will continue on, but in a somewhat diminished state. There will also likely always be [I]someone[/I] around interested in [I]real[/I] numismatics, but I doubt that we're in for any maniacal eruptions in coin values anytime soon. Still, as I said, I don't know the future. And I don't think that I know anyone that does.[/QUOTE]
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