Discussion in 'Bullion Investing' started by Galen59, Nov 8, 2017.

  1. Dillan

    Dillan The sky is the limit !

    What happened to collecting for the fun of hunt, the beauty of the coins , and as a good clean hobby . Who cares about making it rich collecting coins? There is a lot to be said about coin collecting not as an investment.
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  3. Michael K

    Michael K Well-Known Member

    When the levee breaks,
    I'm just a fool waiting on the wrong block.
    They say the west is nice this time of year.
    Galen59 likes this.
  4. bear32211

    bear32211 Still Learning

    Well I'm old too, 61, and I don't know how old you are, but I'm in the stock market and I've been collecting for years, but I budget and happy with what I have.
    Lemme Caution and Galen59 like this.
  5. wxcoin

    wxcoin Getting no respect for 65 years

    What bothers me is the title of this thread. I respect the views of people who may or may not share mine. However, starting a discussion with "Idiots" is not constructive and insulting. I collect coins because I enjoy it. Others may collect as an investment; I get that. Looking back at my choices in coin purchases one could easily say they were poor investments; I've sold most coins for less than I paid. However, I can easily say that I've enjoyed collecting coins and hope to continue to do so; I find it entertaining. So if you want to label me as an idiot so be it. Everything in life isn't about making money.
    Danjohnson and Lemme Caution like this.
  6. chrisild

    chrisild Coin Collector

    Ah well, the topic title is not about anybody in particular. A little idiotic maybe but OK. :D
  7. Paul Otts

    Paul Otts Member

    Wasn't that a much nicer way to put it?
  8. firesideguy

    firesideguy Member

    If collecting ever stopped being enjoyable for me, I know, for a fact, I can get face-value for everything I have. :happy:

    But on the other hand, there's usually no profit in pleasure but a whole lot of pleasure in profit.:jimlad::greedy:
  9. SilverSurfer415

    SilverSurfer415 Well-Known Member

    I do collect what I want. I collect shark coins, look at the beautiful crusty tone on it

    I'm only here to get likes, because my parents abandon me. This website is all I have left.

    midas1, gronnh20, Profit man and 6 others like this.
  10. wxcoin

    wxcoin Getting no respect for 65 years

    I agree that it's not about anyone in particular. If I was a coin dealer trying to make a living buying and selling coins I'd be a failure:)
  11. Santinidollar

    Santinidollar Supporter! Supporter

    I look over my investments, check markets and prices, and, of course, do a bit of worrying.

    Then I go over to my coin collection and have relaxed fun that is hard to beat anywhere else!

    The two shall never cross for that reason alone.:D
  12. Kentucky

    Kentucky Supporter! Supporter

    And now for something completely different not really
  13. Nyatii

    Nyatii I like running w/scissors. Makes me feel dangerous

    I admit to all rumors.
    baseball21 likes this.
  14. Blaubart

    Blaubart Melt Value = 4.50

    I've been gone for a while, and this is what I come back to? :woot:

    (I reached my goal for how much precious metals I wanted to own, but figured I'd check in to see what's going on.)

    Just my $0.02, but I own a lot of silver and a little bit of gold because I like it and because I think of it as something of an insurance policy in the event of a financial collapse of the USD. If my savings were to get wiped out, I would like to have something of value to use for barter.

    But, let's go ahead and take a look at what's happened in the past year. Silver has gone from $15.70 to $17.05. Gold has gone from $1,200 to $1,286. Not bad for what I consider to be an insurance policy. ;)

    The usual assumption that if a person "invests" in bullion, that bullion must be the only thing they invest in, and they must be doing so in an attempt to earn a profit. Obviously, that isn't true for every one, and it might not even be true for a majority of people that own PM.

    So geez, take a chill pill and stop calling everyone who doesn't think exactly like you an idiot.
  15. TheMont

    TheMont Well-Known Member

    I work it two ways, I buy what I like, but I also look for what I think may appreciate over time. I'm lucky, I have a grandson that, so far, is in to coin collecting. If he keeps up his interest (he just turned 13) then he'll get my collection. I've also been lucky with some of the coins I've bought that were listed to end in the middle of the night on eBay. Why people would end an auction at 3:00am (in or near my time zone) I don't know, but I have to take a pill at that time and have been able to get some real bargains. I also like when a Seller mislabels their item. Recently I got a 1965 MS68 SMS Kennedy for $158 because the Seller listed it as a 1968 Kennedy.
    longshot likes this.
  16. baseball21

    baseball21 Well-Known Member

    Nothing wrong with getting something because you like it.

    That said if the USD collapses and the government fell apart wiping out everyone's savings no bartering would be occurring except by armed force
  17. longnine009

    longnine009 Most Exalted Excellency Supporter

    What do you think about the Kookaburras with the shark privy mark?
  18. Blaubart

    Blaubart Melt Value = 4.50

    What makes you think any such thing? Of course that could happen, in the absolute worst case scenario, but is that what happened in the many, many other countries who have had collapses of their currency in the past century?

    Were gold and silver worthless in Germany in 1920?
    Were gold and silver worthless in Austria in 1922?
    Were gold and silver worthless in China in 1949?
    Were gold and silver worthless in Chile in 1972?
    Were gold and silver worthless in Argentina in 1982?
    Were gold and silver worthless in Peru in 1990?
    Were gold and silver worthless in Mexico in 1994?
    Were gold and silver worthless in Yugoslavia in 1994?
    Were gold and silver worthless in Iraq in 1995?
    Were gold and silver worthless in Zimbabwe in 2008?
    Are gold and silver worthless today in Venezuela?
    Are gold and silver worthless today in Syria?

    Do I sound like a broken record? (Perhaps I do if you've been ignoring history)

    In ALL of these financial/currency collapses, or periods of hyperinflation, precious metals still had value. In ALL of them, PM were able to buy food, clothing, shelter, and transportation to areas that weren't affected by the crisis.
    asheland likes this.
  19. Santinidollar

    Santinidollar Supporter! Supporter

    So glad you approved.
  20. baseball21

    baseball21 Well-Known Member

    Not a single one of those countries was a modern superpower with a population that is overwhelmingly unable to survive without a grocery store. Anyone who thinks the government collapsing would be peaceful is kidding themselves
  21. losthomer

    losthomer Active Member

    I've never heard anyone claim PMs would ever be worthless except in a collapse of society scenario when survival supplies would be at a premium.
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