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Do you buy coins that are over priced?
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<p>[QUOTE="Barnabus, post: 1950434, member: 71080"]Thanks for input. As for buying coins to get rich, it is not necessarily that I am hoping I will get 100X my money, but it is a true investment. I do world coins only. Things with 100M each year made, yea they won't be worth much for a long time. However things with say 1M or 10M made, can increase in value pretty fast. However that is not what I am doing it for either. I spend say $100.00 on 50 coins, I cannot spend those coins, that $100.00 can only come back from selling those coins. Kind of a out-of-sight-out-of-mind thing. If they jump in value, I'd enjoy it, but I am not relying on it. I have about 10,000 world coins, with a very nice chunk of that, are coins less than 10M minted. So if I see a decent coin, that say has 1,685,000. Minted, and it books at $0.25 right now, I see no reason not to spend more than that, after all most world coins do go up in value over the course of say 50 years. The only issue I run into, is....... The appraisal fees, $0.50 per coin appraisal or 5% of total value is just a killer #</p><p><br /></p><p>Please keep the votes coming.[/QUOTE]</p><p><br /></p>
[QUOTE="Barnabus, post: 1950434, member: 71080"]Thanks for input. As for buying coins to get rich, it is not necessarily that I am hoping I will get 100X my money, but it is a true investment. I do world coins only. Things with 100M each year made, yea they won't be worth much for a long time. However things with say 1M or 10M made, can increase in value pretty fast. However that is not what I am doing it for either. I spend say $100.00 on 50 coins, I cannot spend those coins, that $100.00 can only come back from selling those coins. Kind of a out-of-sight-out-of-mind thing. If they jump in value, I'd enjoy it, but I am not relying on it. I have about 10,000 world coins, with a very nice chunk of that, are coins less than 10M minted. So if I see a decent coin, that say has 1,685,000. Minted, and it books at $0.25 right now, I see no reason not to spend more than that, after all most world coins do go up in value over the course of say 50 years. The only issue I run into, is....... The appraisal fees, $0.50 per coin appraisal or 5% of total value is just a killer # Please keep the votes coming.[/QUOTE]
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