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<p>[QUOTE=&quot;kaparthy, post: 21246, member: 57463&quot;]Do you mean the coin market dropping off?&nbsp; No.&nbsp; IRAs were never a big part of numismatics, and neither were coins measurable in the IRA markets.</p><p><br /></p><p><br /></p><p><br /></p><p>Was removing coins from being allowed for an IRA a good idea?&nbsp; It makes no difference to me.&nbsp; They are not the same thing at all to me.&nbsp; I never mixed them.&nbsp; </p><p><br /></p><p>Do you mean, is a &quot;numismatic IRA&quot; a good idea? My opinion is &quot;no&quot; for the reasons cited: you cannot control the inventory.</p><p><br /></p><p><br /></p><p><br /></p><p>When you buy 1000 shares of Intel, each one is exactly like the others.&nbsp; If you compare Intel to Westel, everyone knows the public information: who the big stockholders are, who sits on the board, how many shares are issued, incomes, earnings, regulatory problems, etc. Prices can be watched on a moment-by-moment basis and prices are recorded and reported through goverment-regulated systems. There is no difference between whiolesale and retail.&nbsp; (It is true that certain fixed costs and certain charges on &quot;odd lots&quot; penalize the smallest buys of a share or two or five or twenty up to 100.)&nbsp; Buy 1000 shares or 10,000.&nbsp; I believe that something like 640 million shares of GM Common issues are out there and they all have the same price -- regardless of how many you buy.</p><p><br /></p><p>We do not even know how many Morgan Dollars there are, how many lLarge Cents, etc. etc.&nbsp; Grading is subjective.&nbsp; Price guides abound and they all differ.&nbsp; Numismatics has a huge wholesale/retail mark-up and volume purchases make a difference.</p><p><br /></p><p>Stocks are regulated by the SEC, of course, but in addition, a company has to EARN its place on the NYSE or American, or even the smaller ones like Midwest.&nbsp; You have to register and prove you deserve your place.&nbsp; So, if you have, say $10 million of other people&#039;s money -- or even $1000 of your own -- you can blindly buy a random selection of &quot;stocks&quot; and probably do no worse than the stock market as a whole.&nbsp; </p><p><br /></p><p>With &quot;coins&quot; should an IRA allow Conder Tokens or Nuremberg Jetons or Tetradrachms of Alexander the Great?&nbsp; Or only &quot;American&quot; coins?&nbsp; Is a Massachusetts Pine Tree Shilling an &quot;American coin&quot;?&nbsp; How about PATTERNS of American coins?&nbsp; Commemoratives or Circs?&nbsp; What about paper money, even Federal paper?&nbsp; Should that be allowed, with grading even wilder and the markets even thinner?</p><p><br /></p><p>No, all in all, coins are not &quot;investments.&quot;&nbsp; It has nothing to do with whether or not they appreaciate in value.&nbsp; Coins meet none of the basic requirements of a mature market.&nbsp; </p><p><br /></p><p>So, IRAs only allowed gold coins as gold coins and only certain AMERICAN gold coins: modern issue Gold American Eagles.&nbsp; I do not think you could put Saints and Early Libs in an IRA. </p><p><br /></p><p>But that is all in the past now.&nbsp; The reason why is that regulating it was more trouble than it was worth.&nbsp; Not many peoiple invested in coins via their IRA or built their IRA with coins.[/QUOTE]</p><p><br /></p>

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