Coins as an investment?!

With all the volatility in the stock market, more people might be thinking of coins as an investment vehicle...I know almost 100% of the membership here discourages this, and I recently became an NGC member and get their newsletter. Here is a copy of some coin performance they publish...if anyone can predict these, they're a better person than I am...

 

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For my money — literally — cash is a nice place to be. You can construct a certificate of deposit ladder — six CDs ranging in maturity dates from three months to 24 months — if totally idle money bugs you. Rates are low, but a lot better than 0.5 percent most investment accounts pay.

I just constructed one ranging from 1.7 percent to 2.45 percent.

 

It's a HOBBY nothing more.
Unless you become a dealer then you better know what your doing.

 

+1

 

+2

 

+2

 

There, I think I got it!

 

A shot of penicillin will help

 

What is the best way to make a small fortune in coins?

Start with a large fortune.

[A well-known old joke with a kernel of truth.]

 

Kripes Ken, you've been here long enough to know ya don't bet (invest) in this hobby........

 

Coins as an investment vehicle is as scary as it can get.....yes there are coins worth large sums of money.....but in the long run only worth what another is willing to pay.
That said even key coins can and have fluctuated up and down in the market....and again only true value is what another is willing to pay.

Like gold or any PM their value unlike a stock will never go to "zero" but still not enough security in the market to bet the farm.

 

I once dealt with a wonderful dealer. Long since retired if not deceased. He told me you could make money on coins but only if you knew what you were doing otherwise you will lose your shirt.

 

No you invest in pork bellies..... why never any waste ....everything but the squeal Eat more pork...the other white meat!
Besides who doesn't like bacon?

 

I know, but it bears repeating for newer members.

 

I think it is possible, but it would take some luck to pick winners. That is why it's best to mainly buy coins that you enjoy. Worst case scenario you have some fun; best case you make some extra money. If you do have the funds, you could always try speculating on a few items, but I would strongly caution against putting your retirement or money that is needed for something vital into that endeavor.

Also, that NGC report may be flawed as one sale could have skewed the percentages. Does NGC show the details behind the increases/decreases?

 

I noticed the #2 coin above...1919 10 cents MS65 FSB............there are a couple of ungraded ones for $128 and $195 tempting

 

I've always been curious to see valuations over time, including through the 2006-2012 stretch to see if rarer and much higher value coins are actually a steady investment.

But since those coins are financially out of reach for me I haven't done any research.

But coins are a fantastic investment by me, for my heirs. It's a windfall profit for them by any means of them cashing out. But, of course, they'll only see the money over my dead body.

 

Bacon! Jim Gaffigan likes bacon....real men love bacon.

Last nite I had bacon......

 

I think these are just snapshots of some sales, don't know how they select them.

 

mmmmmmmmmmmmmmmmmm.......bacon