I'm back.

I love the new verb...

 

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LOL, I was just starting to think the same thing. I had often wondered what would happen if a Detecto and Josh thread came together...now I know.

 

Give it some more time.

 

I find very old world coins exciting and holding there value. when I started coin collecting I was all over the place. now I long for older world coins 17th, 18th, 19th century world coins. the older the better. I will eventually want ancients yup I said it. Greek I think is where I want to begin ancients.

 

and pleasant.

Hi, Ken

 

Instead of worrying about retirement and managing a 'portfolio' it would perhaps be wiser to focus on obtaining that education. Figuring out what you'd like to go to school for as well as paying for it without relying heavily on student loan debt would be my number 1 issue if I was your age. Everything else would come after that in progression in fact it almost naturally does. Not that it's stupid to start planning early or making some investments but thinking about retirement when you haven't even obtained any sort of education or career yet seems a bit foolish at least in my opinion. I'd attempt to find a career field that will allow you to make some money also and not just obtain an expensive piece of paper to hang on your wall. Again nothing wrong with making some investments to grow your net worth but paying for school can get expensive fast and might be worth considering. Not sure how you intend to pay for school when you get to that point but it may come at the cost of cashing in all your investments to be able to do so debt free.

 

While I completely agree that getting an education is the first thing to worry about...IMHO, sometimes you can't do it without taking out loans. There is nothing wrong with that as long as you are wise about it. I agree that it is wiser to worry about education now and investments later.

 

What is truly commendable for Tim is that he spared us of all the agonies of having to sell off the whole collection, gosh, no eBay woes, no life's litanies of miserable sales etc.

And Tim I wish you the best for your plans.

Josh, you pale in comparison. Sorry, but we all know Tim - you can try and "Detecto" his thread, but fail you will.

 

It's becoming mainstream now! I'm calling the Webster's people ASAP.

 

Knowing our little Timmy only from his many posts here on CT, I'm pretty sure cashing in his investments will be but a mere drop in the bucket when it comes to paying for his continuing education.


The same could be said of his train fare.

 

DOC is absolutely right here. SHORT TERM gains are taxed as ordinary income, whereas long term capital gains are taxed at 10-15%, depending on tax bracket. Moreover, anybody who does not diversify is plain and simple, a fool. A fool and his money are easily parted.

 

I'm not so sure that many of you are joking.

 

Tim, best of luck. Let us know what you are doing.

 

How true, my favorite is....

"We're all ignorant, only on different subjects."

 

Perhaps invest in a dictionary.
And an education.

"employee" should be employ.

an employee works for a person/company

 

Detecto, IMO, there is no real long term performace data for rare coin investing. Prices are linked to grading And when it comes to grading standards, they're just making that crap up as they go along. If there are no constants there is no data.

Welcome back. You sure know how to pack the house. Maybe a publicity agent is your real calling?

 

This needs to be a featured thread. A cointalk hall of famer has come out of retirement.

 

"there is no real long term performace data for rare coin investing"

The redbook has been published since 1947.

Consider all the investments you could of bought back then.

1. Silver and gold. The market fluctuates and flatlines. If you would of bought silver in 1980 when it peaked, and when it peaked a few years ago, you would of lost out.

2. Stocks and mutual funds. ETF's did not exist back then, entire companies have gone bankrupt. Stock market cycles as well and crashed in 1929, it could happen again (although not as bad, IMO).

Except for a few instances where hoards of some coin were discovered, there hasn't been a huge cycle in coin prices since the red book came out, as far as I know.

Every redbook published every 10 years (47,57, 67, 77, etc) has showed that for the majority of rare coins, the price 10 years ago was less than it was was concurrent decade.

Consider if we move into uber rare coins, such as the Eliasberg Specimen of the 1913 Buffalo Nickel.

It was sold for 1.48m back in 1996, in 2007, it was sold for FIVE million!

The Olsen specimen was sold for 3mil in 2004, and then for 3.7 mil in 2007, just six years later.

While these are coins that probably no one on this forum could afford, it does prove "every year, the price goes up".

Also, as mentioned previously, rare coins will continue to get rarer. A 1909-S VDB could get cleaned by someone who didn't know any better, someones house could burn down and they didn't keep them in a decent safe, etc.

While rare coins don't pay out dividends, nor do they realize as good of a return long term as etf/stocks/funds, I consider them to be a safe alternative investment.

I don't see the rare coin market crashing.