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Buying extremely valuable coins... a good investment?
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<p>[QUOTE="coleguy, post: 1462397, member: 9167"]Ok, my appologies, Paul. As a hobby, yes, coins are better than most, with the exception of fine art, for keeping a lot of their value. I mean, you go buy a boat and the value is instantly gone.</p><p><br /></p><p>I suppose what I was getting at is if a person is looking to invest in the hobby itself, then thats one thing. Thats never a waste, even if the money is forever gone. But for a young person to see exagerated hype on tv and newspapers about rising gold and silver prices and equating that to coins being a great investment, then I still stand by my remark they are throwing money away. If a collector has, at the end of his life, or end of his collecting, sold their collection and received more than half their monetary investment back after many years of enjoyment, then thats an added bonus.</p><p><br /></p><p>I think we agree with each other but were misreading each other.</p><p>Guy[/QUOTE]</p><p><br /></p>
[QUOTE="coleguy, post: 1462397, member: 9167"]Ok, my appologies, Paul. As a hobby, yes, coins are better than most, with the exception of fine art, for keeping a lot of their value. I mean, you go buy a boat and the value is instantly gone. I suppose what I was getting at is if a person is looking to invest in the hobby itself, then thats one thing. Thats never a waste, even if the money is forever gone. But for a young person to see exagerated hype on tv and newspapers about rising gold and silver prices and equating that to coins being a great investment, then I still stand by my remark they are throwing money away. If a collector has, at the end of his life, or end of his collecting, sold their collection and received more than half their monetary investment back after many years of enjoyment, then thats an added bonus. I think we agree with each other but were misreading each other. Guy[/QUOTE]
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