I'm pretty new to coins and was wondering if things like these http://catalog.usmint.gov/wcs/wcs_c...y&querystring=cgmenbr;1000+cgnbr;1000,00.html were good investments. I was thinking either something like that,or making a set of a rare coins(standing liberties or something) mainly for investment purposes.
I would suggest that you consult an investment broker. Online chat rooms are a terrible place to get this kind of advice.
In my opinion you would better off with standing liberties or something older. There are fewer high grade coin available than modern releases. It will cost more but for strickly investment I think the odds are better. Good Luck, Dave
I agree with Jody--Here on this forum we are more Collectors than Investors and we don't like to give advice of things we don't know...I'm talking for myself. Speedy
If you have an advisor who you trust who thinks that gold/silver/platinum are good investments than the "coins" (most consider them strickly bullion) you linked to are as good an example as any, since their value is directly tied to their bullion values, not their numismatic value. If you want to make good "investment" decisions in coins, then you need to do A LOT of research on the series you intend to invest in. Become familiar with the coins long before you start purchasing and you greatly reduce the liklihood of being scammed during your purchase. Also, be aware that, like any investment, your capital is AT RISK and could decline in value. Finally, the problem with "investing" in coins is that they can sometimes be very difficult to sell for what (you think) they are worth, since the right buyer may not be looking when you go to sell. (This problem is much diminished when dealing in bullion, as it will always sell for basically its bullion value.) All that said, most "coin people" will tell you that coins are a hobby and not an investment. Making money selling coins is dealing, not investing, and the money is made in bringing buyers and sellers together, not amassing coins today that will be worth more tomorrow. The bottom line here is what jody said, find an investment advisor and get their advice. My guess is that s/he will recommend something other than coins, even if you specifically ask about them. This is not a function of the advisor disliking coins, this is the advisor knowing what they are talking about. Good luck! CJD
I think I worded my post wrong. After a little thought allow me to re-word. I am looking to start a nice coin collection for my son and me to give us a hobby together,but while I'm at it,I want to maximize my investment potential. It's not like i'll be needing the money in a huge hurry,or even be looking to sell them ever.However,as long as i'll be doing it,I may as well kill 2 birds with one stone and make good investment while having fun collecting.
Snail - You have been given good advice about this but it seems to you that your question has not been answered. That's because it cannot be answered. So here is my suggestion. You and your son decide together on a series of coins that you both like. It doesn't matter what it is as long as you like them. Then set out to collect that series. Study the coins, read some books about them and try to take pics of the coins and share them with others. Ask questions about the coins and learn all that you can. While doing so, try to find the nicest examples of the coins that you can and yet stay within your budget. That's about all there is too it. And it will allow you to accomplish exactly what you say you want to do
You are asking a question (in your reworded post) that has no good answer. You sound like you are asking us which coins or series of coins will be sound long term investments. The short answer is that none of us KNOWS. Like any investment, the bottom could (and has in the past) fall out of the coin market. The coin market is currently in a nice long period of consistantly increasing prices, but just like the stock market, the coin market could experience a major correction at any time. That is why people keep telling you to find something you like and then go with that. Your long term happiness with your purchases will be much mostly dependent on whether you (and/or your son) derive a lot of pleasure from the collection and the time spent together, not on the value of the collection. A good example of the truth of this is that you can search through the posts on this board and I doubt that you would find any posts with people bragging about the value of their collections, but you will find many people bragging about/showing off the beauty or history of their collections, or talking glowingly about the time spent working on their collections (many times with grandpa/dad/their child/whoever). The truth is that the joy is in the collecting, and if you do the proper research before making your purchases, you should be able to avoid losing serious money on your collection. PICK SOMETHING YOU LIKE, learn about, then have fun collecting it.
