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<p>[QUOTE=&quot;Conder101, post: 744427, member: 66&quot;]I wouldn&#039;t.&nbsp; Every now and then you can luck out through some fluke and have a coin that actually does prove to be a good investment but they are usually not the obvious ones.&nbsp; And Hull&#039;s comment about high grades and ket dates isn&#039;t always a good one either.&nbsp; This past week the Wal Street Journal had a front page article on coin investing where they touted the PCGS3000 index (Which is made up of very high grades and key dates) and how much it has gone up since 1970.&nbsp; But the forgot to mention that the first nine years of data is comparing apples and oranges becaust the Sheldon grading scale used in the index wasn&#039;t in use then.&nbsp; Nor did they mention that even though the index is made up of PCGS graded coins those didn&#039;t exist between 79 and 86 either so that data is questionable as well.&nbsp; If you only look at the data during the time PCGS has existed and for which you have good data you will find that the index is DOWN 67% since 1989.&nbsp; Over the last ten years it is up, but only at an annual rate of 2.5% which is less than even the official rate of inflation.&nbsp; Over the entire 23 year period it is completely flat.&nbsp; The high grade and key date coins in the index are worth almost exactly the same amount today as they were in 1986.&nbsp; Hardly my idea of a good investment.</p><p><br /></p><p>They also told of a collector who sold his Barber half set for 1.1 million dollars, almost 100% more than it cost.&nbsp; Of course that was after taking 7 years to build it and then holding it for another 8 years.&nbsp; His annual pre-tax return on investment was only 5%.&nbsp; and coins have a 28% capital gains tax rate on profits.&nbsp; His after tax rate of return is only 4% per annum.&nbsp; It isn&#039;t that hard to get 3% on CD&#039;s, and he probably could have gotten a much higher rate during at least part of those 15 years.</p><p><br /></p><p>What is interesting with th key dates is that often the LOWER grades tend to have better rates of return than the high grades.[/QUOTE]</p><p><br /></p>

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