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If you had $500 to invest in coins per month what would you buy?
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<p>[QUOTE="beef1020, post: 2443075, member: 24544"]Watch the hyperbola, it only serves to cloud the issues here. No one has said there are not ways to make money in coins. You asked about investment in coins, which in general are a very bad idea, be it high dollar or low dollar. I have seen million dollar coins sell at auction later for half the price.</p><p><br /></p><p>Now, there are a lot of way to make money in coins. As you pointed out dealers by definition make money if they are still in business, and quite a few of them make a lot of money doing it. Do you remember my first post, where I said part of the issue with investing in coins is the bid/ask spread, well dealers make money because that is their cut. But you didn't ask how to be a dealer, or even how to make money in coins, you asked about investing in coins, which is a whole different ball game.</p><p><br /></p><p>I want to make one clarification, I don't like investing in numismatic assets, but I think it's prudent to have a small portion of my investment assets in gold/silver. But like I said, I don't consider buying 90% us coinage at spot + premium to be investing in coins, it's investing in silver.[/QUOTE]</p><p><br /></p>
[QUOTE="beef1020, post: 2443075, member: 24544"]Watch the hyperbola, it only serves to cloud the issues here. No one has said there are not ways to make money in coins. You asked about investment in coins, which in general are a very bad idea, be it high dollar or low dollar. I have seen million dollar coins sell at auction later for half the price. Now, there are a lot of way to make money in coins. As you pointed out dealers by definition make money if they are still in business, and quite a few of them make a lot of money doing it. Do you remember my first post, where I said part of the issue with investing in coins is the bid/ask spread, well dealers make money because that is their cut. But you didn't ask how to be a dealer, or even how to make money in coins, you asked about investing in coins, which is a whole different ball game. I want to make one clarification, I don't like investing in numismatic assets, but I think it's prudent to have a small portion of my investment assets in gold/silver. But like I said, I don't consider buying 90% us coinage at spot + premium to be investing in coins, it's investing in silver.[/QUOTE]
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