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<p>[QUOTE=&quot;Cloudsweeper99, post: 164742, member: 3011&quot;]All I can do is give my opinions and observations on this, because it isn&#039;t possible for anyone to prove anything about future prices.&nbsp; Also keep in mind that most of the other people here know much more than I do about collecting, but I think I know a little about investing opportunities.&nbsp; That said...</p><p><br /></p><p>Coins with a high gold and silver content in relation to their numismatic value can be excellent investments.&nbsp; The nice part about them is that you don&#039;t have to be a numismatic expert to buy them, enjoy them, and profit from them.&nbsp; Coins that have little or no bullion value can also be good speculations for people who have a feel for numismatics and where the trends are headed; but it is a very special skill that takes a very long time to develop.&nbsp; </p><p><br /></p><p>I tend to think of silver and gold coins as a cash substitute that insulates the holder from inflation.&nbsp; Take a look at a price guide from the 1960s.&nbsp; Most mint state morgan dollars were about $1.25.&nbsp; Some really scarce ones $10.&nbsp; So they have been a pretty good holding, probably comparable to a bank account interest but not as good as the stock market.&nbsp; Even here you must be cautious.&nbsp; I purchased a few indian head cents in the mid 60s from a local dealer, and I overpaid so much that even today I probably wouldn&#039;t do much better than break even if I sold them.&nbsp; [I won&#039;t say what I think of a dealer who would rip off a kid like that one did].</p><p><br /></p><p>Some people will point out that gold and silver prices are about the same as 25 years ago, and take this as a sign that coins are not investments and will just move up and down in a cyclical manner forever.&nbsp; I see the opposite.&nbsp; Some of them are screaming bargains that have been depressed in price for too long.&nbsp; What else can you buy for the same price as 1980 other than a gold or silver coin?&nbsp; In the meantime, inflation has eroded the value of the dollar.&nbsp; Someday, this gap will be filled.</p><p><br /></p><p>But it is easier to know what will happen than when.&nbsp; So collect what you like, don&#039;t overpay, and enjoy the hobby while you wait for a potential &quot;profit.&quot;&nbsp; I put profit in quotes because it won&#039;t really be a profit, just a devaluation of the currency you used to purchase the coin.&nbsp; It&#039;s important to keep that in mind too.</p><p><br /></p><p>This advice doesn&#039;t come with a guarantee.&nbsp; It is worth exactly what you paid for it.&nbsp; But it&#039;s the best I can give and it&#039;s the way I&#039;m approaching things in my own collecting.[/QUOTE]</p><p><br /></p>

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