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<p>[QUOTE="Cloudsweeper99, post: 754290, member: 3011"]"Investing" in rare coins is far far more difficult than buying bullion. You need to be able to grade coins properly, detect counterfeits, avoid buying cleaned coins, know what other collectors are likely to want when you resell, and have a good feel for eye appeal. Even if you stick to slabbed coins, you have to know which grading companies to use and which to avoid, which coins in the slab may have been cleaned, which have eye appeal, the difference between a high end MS65 and a low end MS65, and which coins are overgraded inside the slab. If you manage to overcome all of those hurdles, the coin you buy is likely to be expensive compared to average examples. And when you go to resell, you have to be an expert negotiator because whoever you find to buy the coin is likely to know as much or more as you and will be looking to pay as little as possible.</p><p><br /></p><p>It is easier to "invest" using bullion coins and buy coins with high numismatic premiums because you like them and want to own them -- not because you expect to make money with them.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 754290, member: 3011"]"Investing" in rare coins is far far more difficult than buying bullion. You need to be able to grade coins properly, detect counterfeits, avoid buying cleaned coins, know what other collectors are likely to want when you resell, and have a good feel for eye appeal. Even if you stick to slabbed coins, you have to know which grading companies to use and which to avoid, which coins in the slab may have been cleaned, which have eye appeal, the difference between a high end MS65 and a low end MS65, and which coins are overgraded inside the slab. If you manage to overcome all of those hurdles, the coin you buy is likely to be expensive compared to average examples. And when you go to resell, you have to be an expert negotiator because whoever you find to buy the coin is likely to know as much or more as you and will be looking to pay as little as possible. It is easier to "invest" using bullion coins and buy coins with high numismatic premiums because you like them and want to own them -- not because you expect to make money with them.[/QUOTE]
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