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Coin proof and mint sets?
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<p>[QUOTE="John Burgess, post: 8149326, member: 105098"]I collect silver proof sets, except this year when the mint jacked the price way up on. I probably have a break even or a small loss overall since 1999. LOL</p><p><br /></p><p>Just feel like I should say it one more time though, in my own words, coin collecting is a hobby, not an investment strategy.</p><p><br /></p><p>You might gain on something when you are old and grey, you might not, but the majority certainly won't be gains, just like stamps or baseball cards, or any other hobby.</p><p>You do it for enjoyment, if there's a win in there, awesome, but it's not about that.</p><p><br /></p><p> If it's about making gains, stack precious metals as close to melt cost as you can get, buy low, sell high and rebuy low, or buy and flip coins and vest pocket coin dealer and take your cuts headhunting coins for collectors,,, make a business out of that. even then, not every endeavor is a gain, there's always losses involved in anything.</p><p><br /></p><p>I wish you luck in whatever you do, but investing in coins.... not really a good investment, even the time of year you sell or where you sell can make a winner a loser, or a loser a winner. you'd be better off with a fixed annuity I think. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="John Burgess, post: 8149326, member: 105098"]I collect silver proof sets, except this year when the mint jacked the price way up on. I probably have a break even or a small loss overall since 1999. LOL Just feel like I should say it one more time though, in my own words, coin collecting is a hobby, not an investment strategy. You might gain on something when you are old and grey, you might not, but the majority certainly won't be gains, just like stamps or baseball cards, or any other hobby. You do it for enjoyment, if there's a win in there, awesome, but it's not about that. If it's about making gains, stack precious metals as close to melt cost as you can get, buy low, sell high and rebuy low, or buy and flip coins and vest pocket coin dealer and take your cuts headhunting coins for collectors,,, make a business out of that. even then, not every endeavor is a gain, there's always losses involved in anything. I wish you luck in whatever you do, but investing in coins.... not really a good investment, even the time of year you sell or where you sell can make a winner a loser, or a loser a winner. you'd be better off with a fixed annuity I think. :)[/QUOTE]
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Coin proof and mint sets?
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