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collecting strategically - Question re: future "investment" value
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<p>[QUOTE="ewomack, post: 3159734, member: 15588"]Everyone wants to protect their investments, of course, but if you don't buy things that you enjoy then this hobby will become intolerably boring very quickly. Bullion, though also infused with traps and dangers, arguably makes for a better investment than collectible coins. Gold tends to hold its value, with inevitable peaks and troughs, and so do many numismatic pieces, but gold plays a much larger role in the world economy than a nice Liberty Seated Quarter or a shiny 18th century Copper ever will. Not only that, as tangible money slowly becomes electronic the general interest in coins will likely diminish. It probably won't disappear altogether, but many collectors from prior generations entered the hobby through romancing pocket change. Once that gateway vanishes, collectible coin values <i>could</i> tumble. Obviously no one knows exactly when tangible money will vanish, if it ever does, but this has become a feasible risk for people seeking to invest in numismatics. If the number of collectors shrinks (and I've heard various opinions, but the consensus seems to point towards a general shrinking of the hobby), then values will also shrink. To decrease this risk, I buy exclusively what I like, though I've also prepared myself that most of the pieces I've purchased may end up losing considerable value over the coming decades. By keeping my spending down and acquiring only what I really truly want I at least obtain enjoyment and keep losses as low as possible. Be careful out there.[/QUOTE]</p><p><br /></p>
[QUOTE="ewomack, post: 3159734, member: 15588"]Everyone wants to protect their investments, of course, but if you don't buy things that you enjoy then this hobby will become intolerably boring very quickly. Bullion, though also infused with traps and dangers, arguably makes for a better investment than collectible coins. Gold tends to hold its value, with inevitable peaks and troughs, and so do many numismatic pieces, but gold plays a much larger role in the world economy than a nice Liberty Seated Quarter or a shiny 18th century Copper ever will. Not only that, as tangible money slowly becomes electronic the general interest in coins will likely diminish. It probably won't disappear altogether, but many collectors from prior generations entered the hobby through romancing pocket change. Once that gateway vanishes, collectible coin values [I]could[/I] tumble. Obviously no one knows exactly when tangible money will vanish, if it ever does, but this has become a feasible risk for people seeking to invest in numismatics. If the number of collectors shrinks (and I've heard various opinions, but the consensus seems to point towards a general shrinking of the hobby), then values will also shrink. To decrease this risk, I buy exclusively what I like, though I've also prepared myself that most of the pieces I've purchased may end up losing considerable value over the coming decades. By keeping my spending down and acquiring only what I really truly want I at least obtain enjoyment and keep losses as low as possible. Be careful out there.[/QUOTE]
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collecting strategically - Question re: future "investment" value
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