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Buying extremely valuable coins... a good investment?
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<p>[QUOTE="GDJMSP, post: 1459298, member: 112"]Very simple, because values in the coin market go up AND down just like they do in any other market. And with expensive coins, 5 and 6 figure coins, it is not unusual for them to be sold one year and the following year for the exact same coin to be sold for 50% or even less of what it previously sold for.</p><p> </p><p><br /></p><p><br /></p><p>I don't think any coin is a good investment.</p><p> </p><p><br /></p><p><br /></p><p>Sure, but it takes some effort. Look them up in previous auctions. All of the major auction houses keep records of the realized prices for the coins they have sold. Smart collectors keep records from all of the auctions houses themselves. You do this by getting the catalogs for all of the various auctions, then once the auctions are completed you either ask for and get a list of realized prices sent to you or you download them from the web site and print them out. I used to keep paper copies for some, electronic copies for others. You can also track the auction results that are posted in the coin magazines every week.</p><p><br /></p><p>There's several ways to do it, none of them easy. But if you are going to stay on top of the market so you know what you're doing it has to be done.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 1459298, member: 112"]Very simple, because values in the coin market go up AND down just like they do in any other market. And with expensive coins, 5 and 6 figure coins, it is not unusual for them to be sold one year and the following year for the exact same coin to be sold for 50% or even less of what it previously sold for. I don't think any coin is a good investment. Sure, but it takes some effort. Look them up in previous auctions. All of the major auction houses keep records of the realized prices for the coins they have sold. Smart collectors keep records from all of the auctions houses themselves. You do this by getting the catalogs for all of the various auctions, then once the auctions are completed you either ask for and get a list of realized prices sent to you or you download them from the web site and print them out. I used to keep paper copies for some, electronic copies for others. You can also track the auction results that are posted in the coin magazines every week. There's several ways to do it, none of them easy. But if you are going to stay on top of the market so you know what you're doing it has to be done.[/QUOTE]
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