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<p>[QUOTE="medoraman, post: 1348887, member: 26302"]Well I was saying if you bought a problem coin in the 60's for $4 your return today would not be nearly as strong as if you bought the problem free $6.50 one. 50 years is a long time financially. That same $6.50 in 1962 growing at only 5% interest is now $700 Jason. That is what the price would have to be for it to roughly match inflation. Even matching inflation is not a "great return", and these coins do not even do that. If you bought the coin for $6.50, how much would a dealer pay today for it? How much would a dealer pay for a problem XF today that maybe you paid $4 for? $4 turns into $430 today, do you think its still a good investment? I have about 80 XF/AU capped bust halves Jason, will you pay me anything near these prices if I walked in today? $700 for all my common XF capped bust halves, and I would have to sell. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>Listen, coin collecting is a great hobby. You spend countless hours of times enjoying yourself, learning new things about history and geography, socializing with others, etc. And, when you are done, you have some value left. This is superior to most hobbies like boating, mountain climbing, race car driving, etc which are pure expense and nothing is left over. However, its a hobby, so should not be confused with real investments in which you are gambling your retired life and security on. Those are a different topic.</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1348887, member: 26302"]Well I was saying if you bought a problem coin in the 60's for $4 your return today would not be nearly as strong as if you bought the problem free $6.50 one. 50 years is a long time financially. That same $6.50 in 1962 growing at only 5% interest is now $700 Jason. That is what the price would have to be for it to roughly match inflation. Even matching inflation is not a "great return", and these coins do not even do that. If you bought the coin for $6.50, how much would a dealer pay today for it? How much would a dealer pay for a problem XF today that maybe you paid $4 for? $4 turns into $430 today, do you think its still a good investment? I have about 80 XF/AU capped bust halves Jason, will you pay me anything near these prices if I walked in today? $700 for all my common XF capped bust halves, and I would have to sell. :) Listen, coin collecting is a great hobby. You spend countless hours of times enjoying yourself, learning new things about history and geography, socializing with others, etc. And, when you are done, you have some value left. This is superior to most hobbies like boating, mountain climbing, race car driving, etc which are pure expense and nothing is left over. However, its a hobby, so should not be confused with real investments in which you are gambling your retired life and security on. Those are a different topic. Chris[/QUOTE]
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