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Ditto

 

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maybe if some actual numbers were posted we wouldn't be so skeptical. Show me at least 8 quarterly statements to back the statement that coins are a good investment. As a supposed insider you should know 8 quarters is the average length of time the average investor gives a new investment to pan out. I don't mean random ramblings of well this did this and that did that....show us some hard numbers or accept the fact you're blowing smoke.
Guy

 

Come on guys, coins are a great investment, and so easy to make money, lots of money. All that one has to do is buy low and sell high. Don't make this more complicated than it is. Again buy low and sell high, what could be easier than that?

 

Well, that was fun!

 

Hasn't BNB Analytics been pushing investment with little to no knowledge since day one? This is the exact same guy, just a different user id. The tells are all there.

 

Agree.

 

I agree with mikenoodle, seems to be eerily similar tells. Not to mention, he's been trying to get back here since he was bammed, and methinks he found a way.

 

Sorry guys but I am not BNB. I hope that didnt ruffle your feathers. Just educating people who care to know more information on the comments I made. You people share a common hobby in Coins, and thats fine. I'm not being biased to that whatsoever. Personally, my hobby is muscle cars. Thats what I collect. Now, can cars make you money? Yes, and some people do that, just not me. Kinda the same way with you guys, coins CAN make people money. EX- Warren Buffet

 

So how about I come to your collector car club and try to sell a cherry 1979 El Camino for twice what it is worth? It's a great deal. Just a few like it in the world. You need to act now or you'll miss it forever... I'll give you a %95 percent buyback...BUT I'm not going to liquidate your entire car collection but how about I trade you a 1994 Chevy Luminia for twice what it's worth and I'll cut you a check for the rest? I'm sure I'd be laughed right out of the club... What company did you work for again?

What a joke!

 

I am amused by your humor. However never once did I say I dont liquidate my clients. Use some common sense in what you say, because you know as well as I do that there is NO company in the world that just liquidates people coins. Thats a service that comes with being a client. And I am sure with your company that you offer your clients 100% of value and resell them at 100%? Please tell me you do, Id love to see your profits

 

And Lost Dutchmen.. You seem to be on top of things today. If coins CANT be used as an investment, please tell me why a 1992 SAE MS70 is a 3000.00 dollar coin?

 

I'm trying to figure out where the $3,000 came from? Last ebay sale for one was $2,125.00. Numismedia lists FMV at $1,380. I did not try heritage or teletrade.

 

Last one I saw on EBAY was at 3000.00. Hell, even 2000.00 on ebay for a coin that someone paid maybe 25.00 for in 1992. Explain how that is not an investment? Im not trying to argue with you. Some people are simply against investments and use other avenues for there money. And you bring up my buffalo buying at 3000 numerous times, but if I sold that to a client 14months ago at 1000 and buy it back now at 3000, how is that not an investment. I am not saying every coin does that return, some may only do 10 or 20%, and some dont at all. But I wont recommend a coin that 5 million exist. And I hope that does make sense to you.


Also, here are some stats on the Buffaloes (not including the 2008 W)

12 Months Top 10 Gainers Total of 51 Gainers See All of 1 Year Gainers
PCGS No
Description
Desig
Grade

Today's
Price ($)​

Price as of
1 year ago​

Gain ($)​

% Change​

9999
2006 $50 American Buffalo .9999 Fine
MS
69

1,335​

920​

415​

45.1%​

393327
2008 $50 American Buffalo .9999 Fine
MS
69

1,335​

920​

415​

45.1%​

149121
2007 $50 American Buffalo .9999 Fine
MS
69

1,335​

920​

415​

45.1%​

89999
2006 $50 American Buffalo FS .9999 Fine
MS
69

1,345​

930​

415​

44.6%​

393328
2008 $50 American Buffalo First Strike .9999 Fine
MS
69

1,345​

930​

415​

44.6%​

149122
2007 $50 Am. Buff. First Strike .9999 Fine
MS
69

1,345​

930​

415​

44.6%​

393327
2008 $50 American Buffalo .9999 Fine
MS
63

1,160​

820​

340​

41.5%​

9999
2006 $50 American Buffalo .9999 Fine
MS
63

1,160​

820​

340​

41.5%​

149121
2007 $50 American Buffalo .9999 Fine
MS
63

1,160​

820​

340​

41.5%​

9999
2006 $50 American Buffalo .9999 Fine
MS
64

1,170​

830​

340​

41.0%​

 

I can think of a few companies that can liquidate your coins for you. Companies like Heritage for example. They offer your coins, whatever they are on the open market and sell them for you... yes they are not out rightly buying (all of) them, but they do liquidate them for you whether you buy stuff for them or not at MARKET value. I know major show dealers who can liquidate $5 million worth of coins...whether you buy anything from them or not. People who need more then $5 million liquidated go to places like Heritage which I mentioned before.

I'd love to talk about my buisness with you but this isn't the place for it.

 

I never said coins can't be an investment... actually I said that in my opinion modern bullion coins aren't a good investment but there are coins you can invest in.

And to answer your question.... hype... Those coins are all hype... hyped up by "investment companies".

 

That's the deal. Forecasting a $25 dollar coin will turn in to a $2,000 coin is the problem. I mean I have a old redbook which shows a real low price on a 1893 s Morgan dollar. Across the years that may have been a deal. But cherry picking that one as an example still does not mean buying this year will be profitable next year. Even ads for stocks and such will warn about future earnings.

 

And therein lies the reason coins make a lousy investment. All futures on them are based on demand, which isn't based on anything, including rarity. I have many coins that have mintages in the 4 digit category but that I paid less than $100 for. Thats pretty common. There's just no demand. But, if there ever is to be, then they'll be out of my budget, I'm sure. At least with stocks a potential investor isn't relying on some future demand to take place. Stocks are at least based on performance and growth. We've all made a few bucks on coins. It doesn't take a genius to do that, or an investment firm with no history or who is unwilling to post basic numbers and a strategy sheet.
Guy~