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<p>[QUOTE="medoraman, post: 1010647, member: 26302"]I agree with the summary GB, though I would say if a collector buys quality coins, at a decent price, long term they will appreciate about the same as inflation. People who 25 years ago were paying $20 a month to buy a Roman Republican coin now pay $50 a month. Collector coins go up with inflation, but like Mark said there is a lot to overcome, like buy sell spread. I would not put much faith in the PCGS chart since that is extremely high grade biased, "investor" grade coins. I am talking about collector coins, what most of us collect. Coin colelcting is a hobby, I know many of us get carried away because of the "guarantee" they will be worth something someday, and dealers promote that, but if you treat your hobby as an expense and have something to sell when you are done, you are already ahead of the game versus most hobbies.</p><p><br /></p><p>Bullion as the OP described you can make a lot of money on quickly, and lose just as quickly. Buying a bunch of bullion in 1980 would have meant you have to wait almost 30 years to get your money back from the gold, and you would still be underwater on the silver. Yes, you can make money, but remember that this cuts both ways guys. Anyone loading up on silver and gold right now, remember the price can go down as quick, or quicker, than up. Not saying it cannot go up, just do not get caught up in the euphoria.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1010647, member: 26302"]I agree with the summary GB, though I would say if a collector buys quality coins, at a decent price, long term they will appreciate about the same as inflation. People who 25 years ago were paying $20 a month to buy a Roman Republican coin now pay $50 a month. Collector coins go up with inflation, but like Mark said there is a lot to overcome, like buy sell spread. I would not put much faith in the PCGS chart since that is extremely high grade biased, "investor" grade coins. I am talking about collector coins, what most of us collect. Coin colelcting is a hobby, I know many of us get carried away because of the "guarantee" they will be worth something someday, and dealers promote that, but if you treat your hobby as an expense and have something to sell when you are done, you are already ahead of the game versus most hobbies. Bullion as the OP described you can make a lot of money on quickly, and lose just as quickly. Buying a bunch of bullion in 1980 would have meant you have to wait almost 30 years to get your money back from the gold, and you would still be underwater on the silver. Yes, you can make money, but remember that this cuts both ways guys. Anyone loading up on silver and gold right now, remember the price can go down as quick, or quicker, than up. Not saying it cannot go up, just do not get caught up in the euphoria.[/QUOTE]
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