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<p>[QUOTE="asciibaron, post: 293090, member: 8566"]i was discussing this with my father last night. the best investment is not buying a bullion coin, but buying a rare coin regardless of it's precious metal content. i am building up a collection of Newfoundland coins at the moment and might have to stop - these things are very hot right now and are commanding a premium which i cannot afford.</p><p><br /></p><p>as coin collectors, we should be looking to preserve high quality and rare coins, not looking to make money on the bullion value of the coin. i collect coins because i like the coins, their history, and the connection to the past they provide me. i buy the best i can afford because they will increase in value. </p><p><br /></p><p>if you want to make money from the metal value of the coin, horde nickels and pre 83 pennies and then try to get the ban lifted (after you horde the coins). the minute you are allowed to melt the coins, load up the car and head to the scrap metal guy.</p><p><br /></p><p>i'm in this hobby for the coins, not the dollars. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>-Steve[/QUOTE]</p><p><br /></p>
[QUOTE="asciibaron, post: 293090, member: 8566"]i was discussing this with my father last night. the best investment is not buying a bullion coin, but buying a rare coin regardless of it's precious metal content. i am building up a collection of Newfoundland coins at the moment and might have to stop - these things are very hot right now and are commanding a premium which i cannot afford. as coin collectors, we should be looking to preserve high quality and rare coins, not looking to make money on the bullion value of the coin. i collect coins because i like the coins, their history, and the connection to the past they provide me. i buy the best i can afford because they will increase in value. if you want to make money from the metal value of the coin, horde nickels and pre 83 pennies and then try to get the ban lifted (after you horde the coins). the minute you are allowed to melt the coins, load up the car and head to the scrap metal guy. i'm in this hobby for the coins, not the dollars. :) -Steve[/QUOTE]
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