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Message:: [QUOTE="-jeffB, post: 3344975, member: 27832"]But rare coins may not always be rare, or even if they are, they may not be in demand enough to maintain their prices. Suppose you'd been a wealthy adult, and bought those "rare and key" 1903-O dollars in 1960, when they were hundreds of (1960) dollars apiece. How would that "investment" have fared in 1965? Or suppose you'd scrimped and saved to buy a "scarce, key" 1950-D Jefferson nickel. Whatever you paid for it in 1960, that's probably about what it would be worth now -- in nominal dollars, not inflation-adjusted. In other words, it would have lost most of its value. I still see lots of people saying "buy rare and key dates first". For the reasons above, and others, I think that's a recipe for disaster. Wait and buy them once you've learned enough to know what you're doing -- and even then, you may still lose.[/QUOTE]