Pcgs price changes

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And probably a few since this.

The Expert's Guide is from 2005. The intro mentions three more from Bowers:

• Collecting Coins for Profit
• High Profits From Rare Coin Investing
• A Buyer's Guide to the Rare Coin Market

 

Yeah looking at what's available you'd think most dates were originally minted in AG.

It's a series that seems to still fly a little under the radar. And so few coins have kept their 'original skin'.

 

I remember reading this advice from GDJMSP a few months ago in an earlier thread. I guess it's broad enough to fit any investment. But it's still excellent advice that I often think of. If key dates/rarities are often considered the best sure thing, then with coins, just like anything else, rewards are proportional to risks.

Coins as an investment kind of blur the lines unlike other investments due to their range of values - history/bullion/currency/art. There's just about something there for everyone. So it's easy to get carried away with a personal bias and attachment.

Another consideration is that collectors are often willing to pay more for a coin than an investor - counting on a maturation of value to pay off in the long run. The savvy investor often wants an instantly realized profit - like they say - "You make money when you buy".

I break up buyers into 4 groups; Melters, Bargain-Hunters, Investors, and Collectors; in order of willing to pay the least to pay the most. I think the 2 groups in the middle do best, from an investment standpoint. Ultimately we're just hoping to move a finite # of coins up the value ladder to the most appreciative 'end user'.

 

I have no doubt that money can be made by investing in coins. Is it the best way to invest money? Probably not...I'm sure mutual funds, real estate, ect are far ventures.

That said, I don't think someone can be a successful coin investor and collector at the same time. This is just my personal opinion...but if you are collecting coins because you like them...you are going to buy coins that appeal to you. There is an emotional element to it. I feel that being emotionally attached to something that is an investment is a bad idea.

Collect coins because you like them...invest in things that you want to make money off of. Don't invest in your hobby.

At least that's my belief.

 

I bet they do. But in a way, it is also because people will feel like they need to buy the newest version... especially if they are fairly new to the hobby. From a seller's perspective, there is more to get from putting essentially the same info out in a new package, with graphics and colors and fonts used to draw in a paticular demographic than to have one or two titles that just get updated, excluding the red and blue type of books.

I purchased a couple older books cheap at sales and even though the info is basically there, with usually black and white photos, and quite useful up to a certain time period, it is not as flashy and 'attractive' as the newer ones. Also, with the newer coins coming out all the time, people are attracted to a book that at least mentions some of them.