Rare coin index beats the FTSE 100

Discussion in 'Ancient Coins' started by SwK, Mar 23, 2016.

  1. SwK

    SwK Junior Member

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  3. beef1020

    beef1020 Junior Member

    Coins are not an investment. They do not produce anything of value, have an income stream, or generate productivity gains. They are a greater fools asset. Yes, they can go up in value, and yes they can go up a lot in value, but that still does not make them an investment.

    Collectors often ask this question, and I see it as mainly a way to rationalize spending too much money on coins, and a dangerous one at that. Keep it as a hobby, and put your nest egg into assets that produce value.
     
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  4. Santinidollar

    Santinidollar Supporter! Supporter

    Plenty of warnings in that article about coin "investments." Afraid, though, that too many people will read just the top half of the story. Also, most of us don't buy the types of expensive coins that make up these coin indexes. For the average collector, it's another world entirely.
     
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  5. Ken Dorney

    Ken Dorney Yea, I'm Cool That Way...

    Investing in coins can be done, but with great care and caution. Prior history has shown us spectacular failures (Athena Fund, Hunt brothers, anyone buying from Numismatic Fine Arts). Timing is everything, and choosing the right coins as well. But, if one keeps their collection mainly for pure reasons, the investment will be secondary.
     
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  6. SwK

    SwK Junior Member

    All three responses show good sensible advice - I have one question, if there is too much money in circulation what should you buy if not in the stock market where you ballooning prices

    Jeff
     
  7. Ken Dorney

    Ken Dorney Yea, I'm Cool That Way...

    I have never in my life had the problem of too much money! If I did I would not work! Stay away from gold and silver. They are for fools. One must find that elusive niche market where prices are low but have potential to increase. But that is for me to know and others to find out!
     
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  8. stevex6

    stevex6 Random Mayhem

    lottery tix
     
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  9. GregH

    GregH Well-Known Member

    Certainly the 1930 Australian penny has appreciated considerably.
    We know how many were minted (around 3,000).

    Investing in ancient coins is riskier. Anything rare and in demand could go down in value immediately if a hoard is discovered tomorrow. EID MAR denarii will never become any rarer, but they may become more common.
     
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  10. Carthago

    Carthago Does this look infected to you?

    I'm pretty sure SwK means money printing and inflation.

    The answer is, something can't be created out of thin air.
     
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