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<p>[QUOTE="totally, post: 2486595, member: 80371"]I disagree and I have quantitative evidence to support my claim. Do you?</p><p><br /></p><p>For example, the draped bust small eagle half dollar purchased in like 1960 would have appreciated 9% a year annually between then and now. That would have turned out to be a pretty damn good investment. Note the 9% was a figure I saw on a website on the internet. But below I do my own math.</p><p><br /></p><p>Just opening the book to a random page, one sold for 32,000 in 1973 and 345000 in 2011. That's a 6.5% annual return compounded every year. There are many more examples like this in the book. I just pulled a random one.</p><p><br /></p><p>6.5% annual return over time year after year is very respectable. I would like to add that 6.5% annual return beats the S&P over this time time without reinvesting dividends. But lags including dividends. </p><p><br /></p><p>That being said I don't buy coins as investments, I buy the ones I like. But of course over time they generally appreciate.[/QUOTE]</p><p><br /></p>
[QUOTE="totally, post: 2486595, member: 80371"]I disagree and I have quantitative evidence to support my claim. Do you? For example, the draped bust small eagle half dollar purchased in like 1960 would have appreciated 9% a year annually between then and now. That would have turned out to be a pretty damn good investment. Note the 9% was a figure I saw on a website on the internet. But below I do my own math. Just opening the book to a random page, one sold for 32,000 in 1973 and 345000 in 2011. That's a 6.5% annual return compounded every year. There are many more examples like this in the book. I just pulled a random one. 6.5% annual return over time year after year is very respectable. I would like to add that 6.5% annual return beats the S&P over this time time without reinvesting dividends. But lags including dividends. That being said I don't buy coins as investments, I buy the ones I like. But of course over time they generally appreciate.[/QUOTE]
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