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<p>[QUOTE="Barnabus, post: 1950778, member: 71080"]Not at all. Please refer to my prior post about me only referring to coins with 10m minted or less, actually let's bump that to 50m or less made. Demonetized counted only right now.</p><p><br /></p><p>I bought a 1922 1 shilling coin 10 years ago, it was worth about $8.00 then, it's now worth over $200.00, now that is an extreme case, however. Let's say you purchase a random coin with 50 million made. There are Billions of people in this world, and millions of them collect coins. Out of those people ONLY 50 million will ever own that coin at most. the rest are "S.O.L." and will be forced to pay a premium if they want it. Invest wisely and be rewarded, 100% true in my opinion, you will never see me collecting a coin with over 100m made on purpose, if I get them by circumstance so be it, I won't toss them out. but I ask you this simple (?) Please name a coin that has gone down in value that is demonetized, that has 50 million produced since 1982 (Since that is my oldest KM book) I will answer for you, not a single one. They will not go down in value, thusly meaning that no matter what you invest in, you will never lose money as long as it is demonetized. (I should have specified demonetized from start) Now I am specifically taking into account a good deal of time in this equation. It may take 50 years for this coin to gain in value, but I am 25, and I plan to live forever like all of us 20's-30's people do. So before I die, this coin with 50m made will be worth more than I paid for it now, the only hindrance is the end of society, or the end of the world. refer back to my example a coin gaining $0.01 in value per year after 50 years is worth $0.50 more, and that is a SUPER low number since I literally cannot find a coin that is demonetized that hasn't gained more than $0.01 per year from 1982 to now. Use Occam's Razor. If it isn't made any more, it will be valuable one day. The Romans never thought in their lifetime their money would be worth anything, but it is now, and everyone knows ancient coins are not as valuable as some newer ones from the 1000's-present. It all depends on scarcity and production and desire from others. If the coin looks cool chances are it is going to be valuable. Example form 1 I just bought the phoenix Japanese coin from 1957. do you think that will never return my investment? At the end of the day, it literally is all about what someone will pay, If I have all 1,080.00 of the Cyprus 1 Piastre coins from 1949, how much will you pay me for one?[/QUOTE]</p><p><br /></p>
[QUOTE="Barnabus, post: 1950778, member: 71080"]Not at all. Please refer to my prior post about me only referring to coins with 10m minted or less, actually let's bump that to 50m or less made. Demonetized counted only right now. I bought a 1922 1 shilling coin 10 years ago, it was worth about $8.00 then, it's now worth over $200.00, now that is an extreme case, however. Let's say you purchase a random coin with 50 million made. There are Billions of people in this world, and millions of them collect coins. Out of those people ONLY 50 million will ever own that coin at most. the rest are "S.O.L." and will be forced to pay a premium if they want it. Invest wisely and be rewarded, 100% true in my opinion, you will never see me collecting a coin with over 100m made on purpose, if I get them by circumstance so be it, I won't toss them out. but I ask you this simple (?) Please name a coin that has gone down in value that is demonetized, that has 50 million produced since 1982 (Since that is my oldest KM book) I will answer for you, not a single one. They will not go down in value, thusly meaning that no matter what you invest in, you will never lose money as long as it is demonetized. (I should have specified demonetized from start) Now I am specifically taking into account a good deal of time in this equation. It may take 50 years for this coin to gain in value, but I am 25, and I plan to live forever like all of us 20's-30's people do. So before I die, this coin with 50m made will be worth more than I paid for it now, the only hindrance is the end of society, or the end of the world. refer back to my example a coin gaining $0.01 in value per year after 50 years is worth $0.50 more, and that is a SUPER low number since I literally cannot find a coin that is demonetized that hasn't gained more than $0.01 per year from 1982 to now. Use Occam's Razor. If it isn't made any more, it will be valuable one day. The Romans never thought in their lifetime their money would be worth anything, but it is now, and everyone knows ancient coins are not as valuable as some newer ones from the 1000's-present. It all depends on scarcity and production and desire from others. If the coin looks cool chances are it is going to be valuable. Example form 1 I just bought the phoenix Japanese coin from 1957. do you think that will never return my investment? At the end of the day, it literally is all about what someone will pay, If I have all 1,080.00 of the Cyprus 1 Piastre coins from 1949, how much will you pay me for one?[/QUOTE]
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