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<p>[QUOTE=&quot;World Colonial, post: 2413417, member: 78153&quot;]The evidence I have doesn&#039;t demonstrate coins provide protection against inflation.&nbsp; In the 1970&#039;s, the Red Books I own show many exploded but the big difference between now and then is they were much cheaper compared to both the incomes and the asset bases which &quot;average&quot; collectors used to buy them.&nbsp; For the most part since the 70&#039;s, my explanation is that coins are correlated to general prosperity and with some series, also to metal prices.</p><p><br /></p><p>Today, except for bullion substitutes such as Morgan dollars and generic US gold, I wouldn&#039;t count on coins providing an inflation hedge, certainly not the &quot;investment&quot; coins in higher grades selling for what are actually nose bleed prices.&nbsp; I would expect most of them to gain nominal value under a repeat of 70&#039;s type inflation but probably be (huge) losers in &quot;real money&quot; terms.&nbsp; I don&#039;t follow the segment closely but I have read from others that the premiums to bullion for generic US gold fluctuate all over the place and it&#039;s easy to underperform metals or lose money even when metal prices are rising.[/QUOTE]</p><p><br /></p>

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