Message:

<p>[QUOTE=&quot;ToughCOINS, post: 1771520, member: 20480&quot;]I respectfully disagree . . .</p><p>&nbsp;</p><p><span style="color: #333333"><span style="color: #141414">Investment is the outlay </span>of</span> <span style="color: #333333">money</span> <span style="color: #333333">or</span> capital in <span style="color: #333333">order</span> to gain profitable <span style="color: #333333">returns,</span> as <span style="color: #333333">interest,</span> <span style="color: #333333">income,</span> <span style="color: #333333">or</span> <b><span style="color: #333333">appreciation</span> <span style="color: #333333">in</span> </b><span style="color: #333333"><b>value</b>.</span> </p><p>&nbsp;</p><p>Many coins do merely track inflation as you suggest, and some even lose ground to inflation.&nbsp; No profit is made in either of those cases.&nbsp; However carefully chosen undervalued coins, just like value stocks, undervalued real estate, or underappreciated art, find their audience and increase disproportionately in reasonable periods of time. </p><p>&nbsp;</p><p>Such opportunities can involve declines in modern mintages due to lack of demand, unrecognized attrition, newfound varieties, or fluctuations in market interest.&nbsp; The low mintage of 1982 quarters, the unexpectedly scarcity of high mintage seated coinage, the discovery of 1983 bronze cents, and the recent runup of Barber coinage are great examples.&nbsp; What segment of the market will experience the next upswing?&nbsp; Time will tell, but some of us are already studying and preparing for it.</p><p>&nbsp;</p><p>Most people grasp the reasons for the changes in value of these coins, but choose not to do the research necessary to identify the opportunities in advance.&nbsp; Others, who do that work, reap the benefits. </p><p>&nbsp;</p><p>Those generally are the success stories we hear about.&nbsp; DO NOT dismiss them as misrepresentations.&nbsp; While not all are real, or may be real, but are offset by losses on other coins, there are indeed those who profit handsomely from coins on a very consistent basis.</p><p>&nbsp;</p><p>To answer your implication that an investment must produce value, cashflow or wealth, I write the following very conservative example:</p><p>&nbsp;</p><blockquote><p>If you bought a suitable investment coin for $1000 in 2010 and sold it for $1200 in 2013, inflation would have rendered your original cash worth only $901.90 in comparison with the inflation-adjusted $1082.28 of the coin you bought instead.</p></blockquote> <blockquote><p><br /></p></blockquote><p>In today&#039;s investment market, I&#039;ll take those kinds of gains . . . but not without significant effort.</p><blockquote><p><br /></p></blockquote><p>[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in