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<p>[QUOTE="MIGuy, post: 8445543, member: 116145"]I'm just a collector, thankfully as I think it would be stressful to invest in gold or silver, given how prices have been up and down and down and down and up etc for decades, it seems very hard to predict. I invest in the stock market because that's traditionally where the returns are (also I'm far enough out from retirement to view downturns as buying opportunities and increase my 401(k) and ESPP purchases). I don't buy stock in poorly run companies (GM, Tesla, Amazon) even if they have potential or are popular stocks, and I'm old fashioned about looking at the PE and market analysis. I am mostly in mutual funds anyway - and I'm not a rich guy, I'm trying to save for retirement like most of us.</p><p><br /></p><p>That said my understanding is there are basically two schools of investors for gold and silver coins - bullion collectors who buy hoping for generic price gains and the Cherry Pickers Guide to Rare Die Varieties / high end coin type investor. If I was going to invest in coins I'd go the latter route. However, I'm one of those - as charley notes - who likes shiny baubles, lol, so that was the initial basis for my collecting - plus I love history and I find putting series together fun, so I wish anyone who invests (or sells coins for a business) well, because that seems like a tough path to take. My pattern seems to be that of an opportunity buyer for the most part - if I have money and I see something that I like / want / seems like a good deal, I buy it. I also now have a couple (at least) active collections - SLQs and Capped Bust halves - and I start with low grade coins (that's where I am with Capped Busts) then put together a complete year / mint set (if possible) and then start to upgrade it to AU/MS (which I'm starting to do with the SLQs).</p><p><br /></p><p>What about you all? What's your coin collecting direction? I think we all respect the value of coins - silver, gold, Colonial copper, ancients, errors, etc. I don't know what direction the market will go, but I do know they're not making any more Standing Liberty Quarters. Scarcity lends itself to some value.[/QUOTE]</p><p><br /></p>
[QUOTE="MIGuy, post: 8445543, member: 116145"]I'm just a collector, thankfully as I think it would be stressful to invest in gold or silver, given how prices have been up and down and down and down and up etc for decades, it seems very hard to predict. I invest in the stock market because that's traditionally where the returns are (also I'm far enough out from retirement to view downturns as buying opportunities and increase my 401(k) and ESPP purchases). I don't buy stock in poorly run companies (GM, Tesla, Amazon) even if they have potential or are popular stocks, and I'm old fashioned about looking at the PE and market analysis. I am mostly in mutual funds anyway - and I'm not a rich guy, I'm trying to save for retirement like most of us. That said my understanding is there are basically two schools of investors for gold and silver coins - bullion collectors who buy hoping for generic price gains and the Cherry Pickers Guide to Rare Die Varieties / high end coin type investor. If I was going to invest in coins I'd go the latter route. However, I'm one of those - as charley notes - who likes shiny baubles, lol, so that was the initial basis for my collecting - plus I love history and I find putting series together fun, so I wish anyone who invests (or sells coins for a business) well, because that seems like a tough path to take. My pattern seems to be that of an opportunity buyer for the most part - if I have money and I see something that I like / want / seems like a good deal, I buy it. I also now have a couple (at least) active collections - SLQs and Capped Bust halves - and I start with low grade coins (that's where I am with Capped Busts) then put together a complete year / mint set (if possible) and then start to upgrade it to AU/MS (which I'm starting to do with the SLQs). What about you all? What's your coin collecting direction? I think we all respect the value of coins - silver, gold, Colonial copper, ancients, errors, etc. I don't know what direction the market will go, but I do know they're not making any more Standing Liberty Quarters. Scarcity lends itself to some value.[/QUOTE]
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