I have seen this question posted several times now, and it is quite correct in a no answer format. Coin dealers are not investment brokers. While certain coins and certain series have proven to be good investments, there are no correct answers. Collectors should be weary of anyone other than an investment broker offering this kind of advice. When looking to coins, if the price is too good to be true, IT IS! While I and our company DO NOT RECOMMEND COINS AS INVESTMENTS. There are 3 types of coins that are traded as investment coins. 1933 Gold Double Eagle Currently unavailable. 1913 Liberty Nickel $2 million +. 3 available 1804 Bust Dollar $1 million +. 7 available All other coins are valued based upon collector appeal. Now there are others that will be sold as investments. If a dealer suggests that a particular coin is a solid investment, run away. All prices will fluxuate. All will be dependent on what someone else is willing to pay. Not to mention the countless other factors that dictate investing. If you are collecting coins, do so for the pleasures of collecting. The ability to hold history in your hands. Appreciate the beauty and craftsmanship. Most of all, collect what appeals to you. Leave investing to Wall Street.
That's some very sound advice. Anyone thinking about buying coins would do well to read your post beforehand. Also, by being honest, you build trust. Trust = repete customers. IMO, that's the only way to do business. Thanks, National Dealer. It's nice to know there are still some "good guys" working to promote our hobby. ~Jody~
Thank you for the kind words sir. We have seen too many collectors lead in the wrong direction due to lack of information. While the staff and I here in Dover are not complete experts, we try to promote our hobby the best that we can. BTW, I love your quote.
If you think about it there is no sure thing in investments. When was the last time anyone saw US Steel in the top ten stocks? Yet once it ruled as did real estate at Mt. Etna. Kaboom. Anyway, I think we all should use some of our disposal income to collect art and history in which coins are both.
I know this is off topic but we were speaking of investments. If you really want to invest in your future, do research in the Bible. You are here for a purpose. Man's gift to God is his life. God's gift to man is eternal life.
I actually do think of coin collecting as investment: forced savings plan. I don't think of it in traditional investment terms (ie: Return on Investment), but more like a house: something you put your money into and will eventually get some % of that money back ... whether or not you make a profit is a whole other matter. I'll collect because I love it. The fact that I could ever sell pieces, series or the entire collection is just an added bonus. It'd be like getting money back from renting videos after 20 years of renting. What, you mean I get to trade my movie stub in for 10$ just because not many people have a stub?! Great!!! I'm odd though, so don't mind me. At the same time, I'm not an idiot. I'll collect what I like, enjoy and what might appreciate or be interesting to someone else. Or maybe I'm way off base, eh?
Jeremy, I don't think you're off base at all. As long as you're collecting for the pleasure it gives you, and at the same time understanding that there may not be a monitary profit in it, I'd say you are a very level headed individual. Of course your coins will always be worth something, just maybe not as much as you had to pay for them.
Think about it like this. Coin collecting is the only hobby in the world that you can spend all the money you have and still have money to show for it.
I've been on internet forums everyday for four years, I've been to the circus and two county fairs. And guess what? there IS a first time for everything!
Nice statement National Dealer and speaking about investments, I got my five year old boy into this hobby. Never mind the futures market on how much time I might get from him in his teens but how about coin collecting like chess, pee wee sports, and family values in rounding him out and building him up for those uncertain years. P.S. His collection for now is circulated state quarters. Alot cheaper then Pokeyman cards or whatever they call it.
It's a relief to click into thsi thread and find that it isn't about stacking slabbed silver dollars in a safe deposit box. My idea of investing in coins is buying silver US coins to set aside in case the fiat currency we're conditioned to regard as money should ever collapse. 90% silver coins are a much better way of saving than drawing 1% in a savings account, IMO.
