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<p>[QUOTE=&quot;FentonForche, post: 558399, member: 18064&quot;]My apologies if this message isn&#039;t posted in the proper forum, it kind of straddles a few different categories. </p><p>&nbsp;</p><p>So here&#039;s my situation. I&#039;m 30. I tend to be a bit of a saver by nature, but I&#039;ve also been a long time admirer of the coin collecting hobby. I&#039;ve decided that I want to start collecting, for a few convergent reasons, as follows (not necessarily in this order). </p><p>&nbsp;</p><p>1. I think it&#039;s interesting</p><p>&nbsp;</p><p>2. As my wife and I are getting ready to try to have a child, it&#039;s got me thinking that it would be really nice to have an heirloom collection to pass on to the next generation (I&#039;m still a bit steamed that my grandmother threw my dad&#039;s 1950s baseball cards out). </p><p>&nbsp;</p><p>3. For the investment appeal. Like many, I&#039;m nervous about inflation. I haven&#039;t changed my Roth IRA investment strategy. I&#039;m still trying to throw in at least 5k to 10k a year into those accounts and I&#039;m invested in stuff for the long term (target retirement 2040 funds). But I like the idea of a little inflationary hedge as well, and that&#039;s also led me here. </p><p>&nbsp;</p><p>From what I&#039;ve read so far, people seem to think that if you invest in precious metals, it makes some sense to take physical possession of the bullion (as opposed to a precious metals fund or security), so that&#039;s also got me thinking of coin collecting.</p><p>&nbsp;</p><p>I was wondering if investing in silver proof sets from the US mint (state quarters and the like) is a good way to start? </p><p>&nbsp;</p><p>Gold might be a little out of my budget...I am foreseeing earmarking about $30-$50 per month in to this hobby/investment. Is that a good tactic? </p><p>&nbsp;</p><p>Some other specific questions:</p><p>&nbsp;</p><p>1) Can anyone recommend the best vendors to purchase from? Should I buy straight from the US Mint&#039;s site? I think right now the 2008 and 2009 silver proof quarter sets are going for $28. Is there another site I should visit?</p><p>&nbsp;</p><p>2) On the US mint&#039;s website, it says that the coins are 90% silver. Does the fact that it is 90% precious metal qualify it as bullion, or does it need to be a pure 100%?</p><p>&nbsp;</p><p>3) Am I pursuing a reasonable strategy, or can somebody else recommend a different approach to coin collecting/investing that will fit with my aims and the stated budget?</p><p>&nbsp;</p><p>Thanks to anyone with any insight, I know newbie questions like this are always kind of a drag, but I&#039;d love some help.[/QUOTE]</p><p><br /></p>

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