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<p>[QUOTE="Rono, post: 300729, member: 6492"]Howdy,</p><p> </p><p>Had to chime in. I think you can make money investing in coins, but there are many considerations. From what I've read, the greatest investment potential is with high end, certified keys and semi-keys. </p><p> </p><p>Travers talks a bit about Peace dollars in his books and like the very high end certified ones MS-65, 66, 67, but dogs the generics and in lesser grades.</p><p> </p><p>Bowers new book The Expert's Guide is good and a new book The Investor's Guide to US Coins is great.</p><p> </p><p>It seems the general consensus is that you need to go with highend, certified coins in either key dates or semikey to really stand a chance of making any money. And as the others have pointed out, you're handicapped with the vigorish (buy/sell premium) that can be 20-30%. That's a hell of a sales load to overcome.</p><p> </p><p>If you want to play the precious metals market, you need to minimize your transaction costs by seeking the bullion coins with the least premium.</p><p> </p><p>just some thoughts,</p><p> </p><p>rono[/QUOTE]</p><p><br /></p>
[QUOTE="Rono, post: 300729, member: 6492"]Howdy, Had to chime in. I think you can make money investing in coins, but there are many considerations. From what I've read, the greatest investment potential is with high end, certified keys and semi-keys. Travers talks a bit about Peace dollars in his books and like the very high end certified ones MS-65, 66, 67, but dogs the generics and in lesser grades. Bowers new book The Expert's Guide is good and a new book The Investor's Guide to US Coins is great. It seems the general consensus is that you need to go with highend, certified coins in either key dates or semikey to really stand a chance of making any money. And as the others have pointed out, you're handicapped with the vigorish (buy/sell premium) that can be 20-30%. That's a hell of a sales load to overcome. If you want to play the precious metals market, you need to minimize your transaction costs by seeking the bullion coins with the least premium. just some thoughts, rono[/QUOTE]
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