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How should I handle modern "investment coins" from the US Mint
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<p>[QUOTE="SuperDave, post: 2282651, member: 1892"]It boils down to what you consider an appropriate timeframe for "investment." If you choose to think no more than 5 years out, these "coins" might be a worthwhile course. <b>If</b> you plan to flip quickly and can ride the wave of popularity with non-experts better than the other eleventy-bazillion people who are doing the same thing.</p><p><br /></p><p>Otherwise, the things which create value with numismatic people who get it - <i>genuine</i> rarity, historic significance as circulating coinage - simply don't apply here. None of the features which make a Morgan a worthwhile investment for me exist here. There is no factual, reality-based appeal, just aesthetic. They're lumps of metal with additional value simply because the buyer <b>thinks</b> they have that value. The rarest of Modern issues - NIFC or not - would be a pretty hefty production issue for most Classics. It's taking a big chance to bet on the continued existence of a market large enough to maintain demand for so many examples, and an even bigger chance to believe that ephemeral market will be here at all in any "long term" sense. So many Mints in so many countries are exploiting this market that I'm minded of Beanie Babies. What happens when people finally realize that there's more than enough for everyone?[/QUOTE]</p><p><br /></p>
[QUOTE="SuperDave, post: 2282651, member: 1892"]It boils down to what you consider an appropriate timeframe for "investment." If you choose to think no more than 5 years out, these "coins" might be a worthwhile course. [B]If[/B] you plan to flip quickly and can ride the wave of popularity with non-experts better than the other eleventy-bazillion people who are doing the same thing. Otherwise, the things which create value with numismatic people who get it - [I]genuine[/I] rarity, historic significance as circulating coinage - simply don't apply here. None of the features which make a Morgan a worthwhile investment for me exist here. There is no factual, reality-based appeal, just aesthetic. They're lumps of metal with additional value simply because the buyer [B]thinks[/B] they have that value. The rarest of Modern issues - NIFC or not - would be a pretty hefty production issue for most Classics. It's taking a big chance to bet on the continued existence of a market large enough to maintain demand for so many examples, and an even bigger chance to believe that ephemeral market will be here at all in any "long term" sense. So many Mints in so many countries are exploiting this market that I'm minded of Beanie Babies. What happens when people finally realize that there's more than enough for everyone?[/QUOTE]
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