I'm back.

So... anyway, how about them coins?

 

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I wonder if we're going to get a lesson on investments now.

 

No one here is judged on their age. They are judged on the quality of information they post

 

Maybe if you didn't say so many stupid things , like owning a business and employing 3 people . Don't you think people can see through your bravado and BS . Sorry to be blunt Josh , but you asked .

 

You calling me a liar?

 

Josh, on page 1 you say "I've yet to lose money on my investments" and on page 2 you say you've lost money twice. How do you do that?

 

...and if they keep money that didn't belong to them.

 

That is quite simple Mr. Dandis I have not lost money on my investments overall thus far. But I have all of my money twice on other ventures that I would not neccesarily call investments yet they were quite risky.

 

or the coins that they post. I've yet to see you post anything worth reading but you have posted some nice coins in the coin porn thread.

 

@Detecto sorry about all of this crap. Gentlemen let's take this to Private messaging shall we?
or perhaps a new thread.

 

If someone sells a counterfeit coin, they don't refund the full purchase price and eBay has to intervene and then they end up losing money to the victim of the fraudulent sale the fault is with the criminal, not the victim of a crime.

 

I know you have a store . You also seem like an intelligent young man . I also like how you try new things . But I wish you'd listen to people who have lived 3X as long . I also do think you have what it takes to make it in life . Believe me when you're 40 you'll think a lot differently . Good luck , and I do mean that .

 

Thanks for the post I appreciate that. I have been listening to many of you. When I asked about overton #'s people recommended books which I bought. When people told me I needed to edit my lesson threads I listened and am currently rewriting them on my freetime.

I can assure you that I am an honest man. I actually do employee 3 people for a corporation that I have founded this past year. I can't speak about it under confidentiality agreements until we go public. Which may or may not happen this year. Nonetheless when we do go public I'll be sure to spread the word here.

 

I don't like posts when I don't like them.

 

Which stock exchange(s) is your company going to be listed on?

Apologies to the OP for further sidetracking this thread.

 

Returning it the op's question,

1. Personally I don't like the idea of investing in coins. The problem is on the sell. Best case scenario you only lose 10% of the current worth when you sell. The bid ask difference with most stocks is much less of a percentage loss. Same with gold and silver.

However, were I to invest in rare coins I would do the following

A) only buy pcgs or ngc coins.
B) avoid modern coins like the plague. There are exceptions where error
coins have value but in general I would not buy any coin minted after the 40's or so.
C) I would focus on mid level collector coins. Stuff under a thousand. Things mainly like lower mint state certified type. Large cents, Indian's, two, three and twenty cent coins ect. These bread and butter collector coins have done well. I have never bought a coin like this that over many years has gone down. I'm sure someone here could point them out to me but in general they have done well. I specifically remember buying a 1875 s trade dollar no chop marks when I was 15. I saved my $4.25 an hour or so minimum wages and bought a pcgs ms 60. It was $370. I cracked it out and sent it to ngc and got a ms 62. (My one and only positive crack out experience). Today this coin would be worth around $1000 (I sold the coin just a few years after buying it) But if you figure it at at ms 60 because your not going to be able to buy your coins and crack them for 2 points the coin is worth $875 in the cdn. This over 24 years is roughly a 9.8% return. But just remember you lose money on the sale. Figure 20% loss on sale you are looking at roughly a 7.8% total return. Not bad at all.

This is all just my non professional numismatic advice. There are many others here who have much more experience then I do and maybe one of them will actually try to answer your original question since we have swung so far off point here.

2. I have no idea. Since I only collect us coins all my knowledge is based there. Hopefully someone with more numismatic experience and skill can help you on this one. I'm out.

 

collect coins for fun. if you want to do it for investment maybe buy key date coins and hold them for 10-20 years. coins are NOT a quick turn around flip unless you really know what you are doing. do you ? metals are a long term investment to fall back on. stocks & bonds.....that is your choice... but that's also a long term investment.

 

LOL. Josh's coins "Detectoed" a Detecto thread.

 

I thought that they might be related.

 

I think all this is true for world coins as well. Old German/French/British coins should always keep their value as there are many collectors and sometimes pretty low mintages and not too many certified coins. Now with all the cleaned and damaged coins on the market, it could be a good long term investment to buy a couple of high quality examples.