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<p>[QUOTE="medoraman, post: 8060603, member: 26302"]Like others said, DO NOT. The reason is the buy sell spread will eat you alive. Best case for most people, sell at auction. You pay 20% of the proceeds to the auction firm. THEN, if you happen to make a "profit", you have to pay special hobby income tax rates. By the time you factor in buy/sell spread, this special income tax rate, and inflation, I bet you 99% of all "investment purchases" are a loss. </p><p><br /></p><p>Having said all of that, if I had to I would buy a problem free, pretty, higher grade Type coin. I am nervous that date collecting will erode in the future, and date keys are already way too high, but I see demand for scarce, pretty, high grade Type coins surviving more. Maybe a really pretty liberty cap or something. If you had deep ancients knowledge, I would take advantage of hoards and buy a high grade coin always in demand of non-ancient specialists like the Athenian tet hoard released a few years ago. 3 full crest full XF+ examples I believe would hold their values.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 8060603, member: 26302"]Like others said, DO NOT. The reason is the buy sell spread will eat you alive. Best case for most people, sell at auction. You pay 20% of the proceeds to the auction firm. THEN, if you happen to make a "profit", you have to pay special hobby income tax rates. By the time you factor in buy/sell spread, this special income tax rate, and inflation, I bet you 99% of all "investment purchases" are a loss. Having said all of that, if I had to I would buy a problem free, pretty, higher grade Type coin. I am nervous that date collecting will erode in the future, and date keys are already way too high, but I see demand for scarce, pretty, high grade Type coins surviving more. Maybe a really pretty liberty cap or something. If you had deep ancients knowledge, I would take advantage of hoards and buy a high grade coin always in demand of non-ancient specialists like the Athenian tet hoard released a few years ago. 3 full crest full XF+ examples I believe would hold their values.[/QUOTE]
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