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<p>[QUOTE=&quot;rrholdout, post: 2840043, member: 89654&quot;]I know, this topic has come up many times before, but mostly in old threads. I think it needs revisited now that we&#039;re far from 2008/09&#039;, the economy is relatively &#039;stable&#039;, and there are a lot of people naively considering coins for investment purposes and have only the old threads to go by.</p><p><br /></p><p>First off, it&#039;s easy to fall in love with coins. The history, the art, the stories behind them, the detail, relief, luster . . . yeah, I love coins.</p><p><br /></p><p>However, for investment purposes, I see the main hiccup with numismatic investment is its ILLIQUIDITY. That, for me, is the biggest drawback. I can&#039;t go anywhere and cash them in for top value at a moment&#039;s notice. Coins, especially ungraded coins, which I focus on, can take years to move for the right price. Dealers, of course, can move them much faster, and in higher volume. But that takes a platform, contacts, brains, experience, and shrewd timing - someone new to coins will not have and will not earn in a short time.</p><p><br /></p><p>Coins indeed can be a confusing hybrid of bullion investment and numismatic potential. But when you go to sell, both the bullion content, and numismatic figures, often fall short of what you&#039;d hoped.</p><p><br /></p><p>It&#039;s easy to love coins and buy a lot and justify the expense as investment. However, if you set the bullion value aside, and focus strictly on the numismatic premium, it is no different than dated gov&#039;t issued stamps. It is a collectible. And cashing in on that collector value requires collectors willing to take it at the value you think it has. I don&#039;t see it as a collectible like Care Bears or Star Wars figures, which are faddish [though the Morgan boom seems a little faddish], there does seem a slow but steady climb in value through time that probably outpaces inflation - but I think it takes generations for real value to accrue. Certainly not short term, unless you&#039;re flipping them, which is more of a small business than retirement investment.</p><p><br /></p><p>I could say more on this topic, but just wanted to open up a thread and see if I can draw some of the experts and their wisdom in, for those looking to seriously invest in numismatic coins with expectations of wild gains within their lifetime.[/QUOTE]</p><p><br /></p>

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