coin investment... really?

The fact that I purchased something I find beatiful and possibly historical, and rare enough to have real market value is part of what makes collecting fun. I mean, I just love to pull something out that causes others to drool over. And you know that the object is valuable, perhaps beyound the reach of other less serious collecters, if they could find one!

Ruben

 

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One thing I constantly keep in mind is that there is a huge developed market for coins, so if push came to shove and I had to sell my collection, the chances that I could turn it over for somewhere close to its theoretical wholesale value are pretty good.

The same thing can't be said for the antique porcelain, crystal and other artwork that the Beautiful Bride and I jointly collect. Getting full value would take much longer and be much more iffy simply because the breadth of market is not there.

 

satootoko you show great wisdom in what you are doing. When a man/woman knows upfront just what they are getting in to then they have a better understanding where there money went and how long it would take to turn it over if need be. I buy a great number of coins for my collection but on occassion I will buy strictly for selling down the road. This is where I can find myself in trouble as one must second guess demand, supply and how long the hype will hold on any particular coin. Basically I tie up my hard earned money on something I didn't really want in hopes of turning a profit, as soon as possible, to supplement my coin purchasing funds. When it works its great but when it doesn't well I must pay the piper, so to speak. It can be a game and a huge gamble so I don't get to carried away but still realize up front it may take a long time to find the new owners of my current possessions! I am enjoying my hobby and having fun so that is all that really matters to me!

 

I think you need to think like an investor if you are a collector and vice versa.