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<p>[QUOTE="Speedy, post: 180643, member: 705"]I never suggets coins as Invesments because the way the market works---you could lose that money in a heartbeat...</p><p>Something Bowers said once was this---if you are going to buy $5,000 worth of coins---take that money and buy $2,500 worth of books and $2,500 worth of coins.</p><p>To buy coins and come out ahead (and even then its a chance that you will come out ahead) you must read and learn as much as you can about coins---the grading of coins---the way coins are minted---how to detect fake coins---etc.</p><p>I know people who have invested in coins----some have done alright---I just helped a guy sell some junk silver that he bought back when silver was around $4 ounce----we got $13 ounce.....but then there is another guy who paid a few times what the coins were worth---neither of the guys knewn anything about coins when they bought them---the guy that lost money has come around and is learing pretty fast about them.</p><p>The PCGS's price guide is NOT a good one to use--it is a hyped up---over priced---guide that shouldn't be used IMHO--some disagree.</p><p>The best pricing info is from ended auctions---go to Heritage and sign up for a free account and then you have thousands of ended auctions to view at the click of your mouse.</p><p><br /></p><p>I would say that out of all of the investments in coins I've seen the best so far have been bullion (junk silver coins or just plan bullion) and Key Dates---</p><p>That is been good in the past---but that all may crash tomorrow--and no one can even guess at 10 years---for coins the market changing everyday it is almost an every day game--you have to view it and read thoughts and play it everyday so you don't get burned.....</p><p><br /></p><p>Speedy[/QUOTE]</p><p><br /></p>
[QUOTE="Speedy, post: 180643, member: 705"]I never suggets coins as Invesments because the way the market works---you could lose that money in a heartbeat... Something Bowers said once was this---if you are going to buy $5,000 worth of coins---take that money and buy $2,500 worth of books and $2,500 worth of coins. To buy coins and come out ahead (and even then its a chance that you will come out ahead) you must read and learn as much as you can about coins---the grading of coins---the way coins are minted---how to detect fake coins---etc. I know people who have invested in coins----some have done alright---I just helped a guy sell some junk silver that he bought back when silver was around $4 ounce----we got $13 ounce.....but then there is another guy who paid a few times what the coins were worth---neither of the guys knewn anything about coins when they bought them---the guy that lost money has come around and is learing pretty fast about them. The PCGS's price guide is NOT a good one to use--it is a hyped up---over priced---guide that shouldn't be used IMHO--some disagree. The best pricing info is from ended auctions---go to Heritage and sign up for a free account and then you have thousands of ended auctions to view at the click of your mouse. I would say that out of all of the investments in coins I've seen the best so far have been bullion (junk silver coins or just plan bullion) and Key Dates--- That is been good in the past---but that all may crash tomorrow--and no one can even guess at 10 years---for coins the market changing everyday it is almost an every day game--you have to view it and read thoughts and play it everyday so you don't get burned..... Speedy[/QUOTE]
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