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<p>[QUOTE="Barnabus, post: 1950543, member: 71080"]I agree with CamaroDMD.</p><p><br /></p><p>In aspect, I purchase a soda pop at a store for $1.59 USD. That soda pop costs about $0.15 to make, however I pay a lot more than that. I can't even recoup any of that loss ever. I decide to purchase a coin for say $20.00 that is likely only worth $15.00, as the years go on, more and more and more and more people will be born, and more people then into numismatics. The likelihood that a coin will lose value that is no longer in production is very low. The chances at gain are almost certain. I have not found very many coins in my Krause book from 82 that did not go up in my new one. This may be only a matter of $0.10 total. But let's break this down in my scenario. If I purchased my 10,000 coins for $1.00 each for a total of $10,000.00 and lets say every year each of those coins gains value by $0.01, that is $100.00 generated a year. Now figure that into 50 years from today, for a low of $0.50 per coin added to value: My total return would then be $15,000.00, which I believe is not realistic, because a lot of coins go up in price later on by more than $0.10 per year. My 3 examples are fine, but how about a more modern example:</p><p><br /></p><p>A Cyprus 1 Piastre from 1949 in Gem BU condition, right now Krause says like $5.00-$8.00 I cannot remember which. The market value right now is over $20.00, there were a little over 1 million made of this coin. I do not see it only going up by $0.01 per year. It was only worth $2.25 in 1982.</p><p><br /></p><p><br /></p><p>If you have purchased a coin over value of books, and market: How much more did you pay, and has it started to pay off yet? please provide examples.[/QUOTE]</p><p><br /></p>
[QUOTE="Barnabus, post: 1950543, member: 71080"]I agree with CamaroDMD. In aspect, I purchase a soda pop at a store for $1.59 USD. That soda pop costs about $0.15 to make, however I pay a lot more than that. I can't even recoup any of that loss ever. I decide to purchase a coin for say $20.00 that is likely only worth $15.00, as the years go on, more and more and more and more people will be born, and more people then into numismatics. The likelihood that a coin will lose value that is no longer in production is very low. The chances at gain are almost certain. I have not found very many coins in my Krause book from 82 that did not go up in my new one. This may be only a matter of $0.10 total. But let's break this down in my scenario. If I purchased my 10,000 coins for $1.00 each for a total of $10,000.00 and lets say every year each of those coins gains value by $0.01, that is $100.00 generated a year. Now figure that into 50 years from today, for a low of $0.50 per coin added to value: My total return would then be $15,000.00, which I believe is not realistic, because a lot of coins go up in price later on by more than $0.10 per year. My 3 examples are fine, but how about a more modern example: A Cyprus 1 Piastre from 1949 in Gem BU condition, right now Krause says like $5.00-$8.00 I cannot remember which. The market value right now is over $20.00, there were a little over 1 million made of this coin. I do not see it only going up by $0.01 per year. It was only worth $2.25 in 1982. If you have purchased a coin over value of books, and market: How much more did you pay, and has it started to pay off yet? please provide examples.[/QUOTE]
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