Investors - LOOK HERE

I call my coins investments, but that is only so my wife will let me continue to buy them. Will they be worth a fortune someday, probably not, will they be worth nothing, probably not, they will be worth something though and whether they are a wise investment or not is the question you ask here. I know they are a poor investment so I buy bullion to offset the coins I buy and other things. Coins in general do not return well over time.

 

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That is the weird thing about this guy's spiel. He is saying that he works in a special parallel market that pays more for coins but you can't participate (as a seller) in this special market unless you buy from this market first (at higher than real market prices).

 

Warren Buffet made his money in the stock market, not in coins.

Anyone who bought a 1992 MS-70 SAE that year didn't realize that in 2010 it was going to be a $1000+ coin, they just got lucky. You can't predict it. There's no trends, there's no cycles, and there's no rhyme or reason to it most times.

 

and any argument of investment that involves gold over the past 3 years is like trying to prove an argument by highlighting the exception.

 

While I don't agree with the OP, it is becoming very tiresome listening to the snap reaction that coins are a horrible investment. Coins as a small percentage of a diversified portfolio are a fine investment. Furthermore, anyone who owns a collection of over $10K is an investor in coins whether they like it or not. I invest in coins with exceptional eye appeal. In my experience, they are the coins that perform well in every market.

 

These investor threads always seem amusing to me, especially when they are started by a broker. Oh well, as long as someone is learning something that's all that counts, right?

 

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I agree that forums can be quite snappish with preconceived notions.
Hence discussion is sqelched, and reformed into the various camps.
Lehigh I have known you to be a nickel man mostly, right?
However I would like to hear what coins exactly are you putting into this small percentage of a portfolio?

 

The thing is while we all here have our own opinions about investing in coins this guy is PAID to have the opinion that he is portraying here. He's already said he works for "an investment company" but for some reason I can't get him to tell us which one. These guys get paid to spout all this nonsense even after damning contrary information is presented. Why? Because they are salesmen, very similar to telemarketers. They have a very short time to convince you to do buisness with them because if they don't get you in the first few seconds your gone. This isn't new. I watched a similar "investment company" set up a nice large table at the FUN show and pay 4 employees (which they had to lodge and I assume fly in) to stand around and talk to each other for days because they were so delusional in their price points that people were avoiding them. You could walk down 4 tables and buy the exact same coin for a thousand less.

 

You are correct that this is my job and I get paid. But you are not classifying me as a typical coin company which we are not. We have no minimum order and have the lowest commision markup in the business. Our salesman make less that 5% on every order and make no money when you liquidate. So, you are acting like I go after peoples money or something which is false. Almost every first time client MAY put 100 dollars in. So I make 5$ off that. So your classification as salesman would be false. We make our money based on repeat clients. Which comes down to this, if you were to buy a 100 dollars in silver and 10months later, you made 20%, you would repeat business am i right?

 

Thats an interesting concept. I spend more than that a year on eating out due to work. Does that mean I'm an investor of food as well?
Guy~

 

To me...it's the fun of collecting. Just holding an old coin and imagining where it has been is exciting. Also: It's always a positive investment because I'm not really spending money; just exchanging it. I'm sure my children will enjoy going through my collection when I'm gone but it will be up to them to decide what to do with it. I always thought it would be neat to take everything out of their books and pour them all into a 'treasure chest' and let them have the fun of sorting through them.

 

Yes and he's not the only one who thinks you go after ppl's money, that's part of your job. If you didn't have other ppl's money you would be out of business. hya:

Look around and learn something. The fact that you come on this forum like gang busters like you're gonna teach everyone something is funny, plain and simple laughable. You keep coming back for more too, which makes you look like a glutton for punishment. Relax and be open to learn something besides what you already know otherwise you're repeating yourself.

 

I read your response here and the first thing that comes to my mind is a commission paid salesman. I don't know how you can extrapolate anything else from that response. Your claim not to be a salesman here is once again a stretch for anyone with half a wit. I'm not going to engage you in hypothetical situations here because your previous responses have proven that you are definitely full of hot air.

I'll again ask for the third time what company was that you work for? We have some really smart people here who will do our own research into this "great investment company" you work for. I'm guessing it's Numis Network? That was tossed around earlier in the thread and you never confirmed or denied it.

 

I have many different coin collections. My primary collection is my Jefferson Nickel Registry Set. Others include Morgan Dollars, Peace Dollars, SLQ's, Classic Commems, and 20th Century type sets.

I stated that coins as a small percentage of a diversified portfolio can be a good investment. I did not say that I follow my own advice as my coin collection represents a much higher percentage of my entire investment portfolio than it should to be a wise investment. In my own mind I excuse this by telling myself that the income used (poker winnings) to finance my coin habit is discretionary income.

In answer to your question, I believe the coins that perform the best over time are eye appealing key date coins. If I was interested in investing, that is where I would start.

 

The key difference is that you can't resell the food you eat. BTW, you must have a really fun job.

 

No I got what you meant Paul. I just couldn't resist throwing a goofy question in to lighten things up. Besides my job isn't too fun unless you happen to like being away from home five days a week on average.
Guy

 

Ouch, I don't like to travel, but I do like to eat out.

 

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Thank you. That is an accurate and honest answer that I respect.
I never said this before but your work put into the Jefferson series is commendable.

 

Lehigh, same goes for me. I'm not a toner (and probably will never be), but I certainly appreciate your contributions to this forum.

I know - this is all off topic, etc. I guess it's my turn to clean the chalkboards tonight