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<p>[QUOTE=&quot;medoraman, post: 1298016, member: 26302&quot;]Well, to me, collectible coins are simply not an asset worthy of investment. I am not saying bad things about coins, they simply have these bad points:</p><p><br /></p><p>1. Thinly traded market. No capacity for true volume, not scalable.</p><p>2. Too subject to whims of an auction for returns. One bad auction night can wipe out years of planning</p><p>3. No inherent value. There are no returns on coin other than price appreciation, and their only value above face value or melt is collector willingness to pay.</p><p>4. US coins have limited appeal outside the US. </p><p>5. Very high relative cost of selecting asset, purchasing and disposing of it.</p><p>6. Non-fungibility. This means every coin is unique, which makes valuation difficult.</p><p><br /></p><p>These facts tell me its not a market that financial assets should go into. One or two of these issues possibly could be overlooked, but in total its just too limited to be willing to trust returns from.</p><p><br /></p><p>Some may point to the art market as a similar market. The differences are scope and worldwide demand. The rare art market is 100 times the size at least of coins, and has international appeal. Also, the interest of prospective buyers is much broader than coins.</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>

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