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<p>[QUOTE="johnny54321, post: 351878, member: 13342"]Hey Ryan. A lot of good advice here. When I was your age, I was really into collecting baseball cards. Unfortunately, they don't hold much value today. The advantage of coin collecting the way you are doing it, is you are investing in not only the numismatic value, but also the precious metal value. So you have several markets working in the investment side of it, as well as your own enjoyment. If I was aware of this concept at a younger age, I probably would have been more into coin collecting. I continue to kick myself, but hey, that is life.</p><p> </p><p>I've only been seriously collecting coins now for several months9I'm 27 years old), though I fortunately had collected on and off enough over the years to have a reasonable collection to start with. Another purchase to consider if you want to invest in gold for a reasonable price is a midgrade 2.5 dollar liberty or indian. I purchased my 2.5 gold liberty for $128(F/VF) and my 2.5 dollar gold indian coin for $150(XF/AU)...and you are not too far out of range for either of these. Since they are old and out of production, they still carry a lot of numismatic value even if gold were to suddenly go down the toilet. I also have a 1/10 ounce eagle, but I get a lot more enjoyment out of the old circulated gold coinage. It's a great feeling to actually hold it in your hand knowing that it has a rich history as currency back when the US was on the gold standard.</p><p> </p><p>But when it comes down to it, collect what you like within your means.....but you will be very wise to continue this hobby at your age.</p><p> </p><p>John[/QUOTE]</p><p><br /></p>
[QUOTE="johnny54321, post: 351878, member: 13342"]Hey Ryan. A lot of good advice here. When I was your age, I was really into collecting baseball cards. Unfortunately, they don't hold much value today. The advantage of coin collecting the way you are doing it, is you are investing in not only the numismatic value, but also the precious metal value. So you have several markets working in the investment side of it, as well as your own enjoyment. If I was aware of this concept at a younger age, I probably would have been more into coin collecting. I continue to kick myself, but hey, that is life. I've only been seriously collecting coins now for several months9I'm 27 years old), though I fortunately had collected on and off enough over the years to have a reasonable collection to start with. Another purchase to consider if you want to invest in gold for a reasonable price is a midgrade 2.5 dollar liberty or indian. I purchased my 2.5 gold liberty for $128(F/VF) and my 2.5 dollar gold indian coin for $150(XF/AU)...and you are not too far out of range for either of these. Since they are old and out of production, they still carry a lot of numismatic value even if gold were to suddenly go down the toilet. I also have a 1/10 ounce eagle, but I get a lot more enjoyment out of the old circulated gold coinage. It's a great feeling to actually hold it in your hand knowing that it has a rich history as currency back when the US was on the gold standard. But when it comes down to it, collect what you like within your means.....but you will be very wise to continue this hobby at your age. John[/QUOTE]
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