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<p>[QUOTE="Basileus, post: 3067, member: 456"]I did not start collecting for the investment. However, I do collect with something in mind, I do not want my collection broken up by my future off-spring, so I often have duplicates especially of coins that I deem to have value in the future. I tend to focus on things that are in XF or UNC condition, silver, and have low mintage. Obviously, some of the Morgans have become worth something partially because of the silver melted a couple of decades ago. It is hard to find new coins that will be worth much anytime soon. When you buy coins and plan on selling it, you have to be sure you are not selling it to a dealer. A dealer is looking to make a profit, just like you are, and would want to get it for half the price of book value, maybe. So that is one reason it is not so easy to make money on this. You should focus on the pleasure of it.</p><p> I think probably if you knew what you are looking for, specialize, can see trends and can be very patient for the long haul say at least 5-10 years minimum then you might be in business. I don't expect to make a fortune on coins. But I admit it would be fascinating for me to see some of duplicates rise up in value and make some good money.</p><p>Some investment specialists sometimes advise their clients to have some good rare coins for investment purposes as part of their overall protofolio. Anyway, I am just giving my perspective, not giving advice, but things with high mintage. I do like those CSA dollars myself. I don't have any. But unless the market gets flooded with some source of them, you would think they would go up. But how much? You asked for a certain percentage. It is not like an annuity or CD with an expected rate of return.[/QUOTE]</p><p><br /></p>
[QUOTE="Basileus, post: 3067, member: 456"]I did not start collecting for the investment. However, I do collect with something in mind, I do not want my collection broken up by my future off-spring, so I often have duplicates especially of coins that I deem to have value in the future. I tend to focus on things that are in XF or UNC condition, silver, and have low mintage. Obviously, some of the Morgans have become worth something partially because of the silver melted a couple of decades ago. It is hard to find new coins that will be worth much anytime soon. When you buy coins and plan on selling it, you have to be sure you are not selling it to a dealer. A dealer is looking to make a profit, just like you are, and would want to get it for half the price of book value, maybe. So that is one reason it is not so easy to make money on this. You should focus on the pleasure of it. I think probably if you knew what you are looking for, specialize, can see trends and can be very patient for the long haul say at least 5-10 years minimum then you might be in business. I don't expect to make a fortune on coins. But I admit it would be fascinating for me to see some of duplicates rise up in value and make some good money. Some investment specialists sometimes advise their clients to have some good rare coins for investment purposes as part of their overall protofolio. Anyway, I am just giving my perspective, not giving advice, but things with high mintage. I do like those CSA dollars myself. I don't have any. But unless the market gets flooded with some source of them, you would think they would go up. But how much? You asked for a certain percentage. It is not like an annuity or CD with an expected rate of return.[/QUOTE]
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