Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Question about US Gold coin collecting
>
Reply to Thread
Message:
<p>[QUOTE="TypeCoin971793, post: 4653346, member: 78244"]I was talking with a dealer on Monday, while he was chatting with another customer about coins as an investment vehicle. He talked about a collector who had a $3 million collection. Many of the coins were in the mid-5-figure range. He’s also a savvy investor. One day he decided to offload his entire collection and bought a bunch of common double eagles, and he held onto them. They were worth $500 each at the time. </p><p><br /></p><p>Several of the coins he sold are now worth 25-50% less of what he sold them for, while his double eagles are sitting high and mighty at $1900 each.</p><p><br /></p><p>Collectible coins are not a dependable investment vehicle, especially high-grade post-1850 coins. Their values took a massive hit after 2008 and have been steadily deflating. Investment-grade collectible coins are those that had fewer than 1000 made or are similar to what was in the Pogue collection. Very little else beats inflation, if it gains at all.[/QUOTE]</p><p><br /></p>
[QUOTE="TypeCoin971793, post: 4653346, member: 78244"]I was talking with a dealer on Monday, while he was chatting with another customer about coins as an investment vehicle. He talked about a collector who had a $3 million collection. Many of the coins were in the mid-5-figure range. He’s also a savvy investor. One day he decided to offload his entire collection and bought a bunch of common double eagles, and he held onto them. They were worth $500 each at the time. Several of the coins he sold are now worth 25-50% less of what he sold them for, while his double eagles are sitting high and mighty at $1900 each. Collectible coins are not a dependable investment vehicle, especially high-grade post-1850 coins. Their values took a massive hit after 2008 and have been steadily deflating. Investment-grade collectible coins are those that had fewer than 1000 made or are similar to what was in the Pogue collection. Very little else beats inflation, if it gains at all.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Question about US Gold coin collecting
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...