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<p>[QUOTE="oz_in_ohio, post: 3081830, member: 89534"]<b><span style="color: #ff0000"></span></b></p><p><b><span style="color: #ff0000"><br /></span></b></p><p>....Collecting is one thing and that requires very little money...Your wife can have so much fun at a coin show with the scrap boxes priced at about a quarter each.... But investing on the other hand i have found that it is no longer viable unless the item has such a small minting like a 1911s and 1912s wheat penny...I was a stamp and coin dealer in Australia and found that by going to shows and having my items priced at nothing over $5. l went home with an empty car many times whilst other dealers sold very little...Please remember that collectors are like parasites and only fish out the cheapest price...That is over 35 years of experience in the trade speaking. The collectors in general are long gone and are aged 60 year range and beyond. I admit i am a collector as well but not of coins. I collect banknotes and hard rock cafe pins....I will not touch coins unless i can buy something today and sell it tomorrow for a minimum of 15% profit. That is 15 in 24 hours...Just imaging your money earning 15% x 365 and that is a year...People over 60 are interested in their twighlight years with very little income if any....Youngsters ( 17 - 25 ) only want their mobile phones and the like and the rest ( 25 - 40 ) are getting married and trying to raise families.... Cost of coins etc has gone way out of proportion and as soon as anything is bought from the mint , it will decrease 30% before you take it out the store.... Unless you know of items that only got issued for mint sets like the Australian 1975 nickel....That is always a keeper as they will never be able to be found in circulation. On the other hand, the 1986 mint set had a huge amount not released for circulation and they can be found anywhere as mint sets have been dissected...I am guilty of that myself. The 1992 Barcelona Australian $1 coin is a big player and will stay up there for a long time as it was never issued for circulation.</p><p>Here is a list of some of the items i invested in and when i sold them, i purchased a car ( chevrolet cruize ) when i retired.</p><p>1. Australian 1992 Barcelona $1 Coin </p><p>2. Australian 1925 penny Coin <b><span style="color: #ff0000">any grade</span></b></p><p>3. Australian 1946 penny Coin <b><span style="color: #ff0000">any grade</span></b></p><p>4. All 1915 Aussie coins except the penny no matter the denomination</p><p>5. 1933 Australian Shilling Coin <b><span style="color: #ff0000">any grade</span></b></p><p>6. 1985 Australian Nickel ( <b><span style="color: #ff0000">only issued in Mint sets</span></b> )</p><p>7. Australian 1923 Halfpenny Coin </p><p>8. 1990 2c and 50c Coin ( <b><span style="color: #ff0000">only issued in Mint sets</span></b> )</p><p>9 1972 Australian nickel in high grade only ( <b><span style="color: #ff0000">EF and above</span></b> )</p><p>10 USA 1911s Wheat penny ( at least VF grading)</p><p>11 USA 1912s Wheat penny ( at least VF grading)</p><p><br /></p><p>Only the Australian coins were unc as they were directly from unopened mint/ unc sets....None of the others were UNC as i dont believe in UNC.... In my eyes nothing can be unc as the coins had to be handled one time or another and have got microscopic traces of oils from peoples skin....I BELIEVE UNC = JUNK as the average collector cannot afford them... </p><p><br /></p><p>Nowadays i dont think the young generation are interested in the hobby so that makes the dealers kind of refrain from buying. Please remember that a coin is only worth what you can sell it for and if there is no interest, then it is worth nothing. have a nice day[/QUOTE]</p><p><br /></p>
[QUOTE="oz_in_ohio, post: 3081830, member: 89534"][B][COLOR=#ff0000] [/COLOR][/B] ....Collecting is one thing and that requires very little money...Your wife can have so much fun at a coin show with the scrap boxes priced at about a quarter each.... But investing on the other hand i have found that it is no longer viable unless the item has such a small minting like a 1911s and 1912s wheat penny...I was a stamp and coin dealer in Australia and found that by going to shows and having my items priced at nothing over $5. l went home with an empty car many times whilst other dealers sold very little...Please remember that collectors are like parasites and only fish out the cheapest price...That is over 35 years of experience in the trade speaking. The collectors in general are long gone and are aged 60 year range and beyond. I admit i am a collector as well but not of coins. I collect banknotes and hard rock cafe pins....I will not touch coins unless i can buy something today and sell it tomorrow for a minimum of 15% profit. That is 15 in 24 hours...Just imaging your money earning 15% x 365 and that is a year...People over 60 are interested in their twighlight years with very little income if any....Youngsters ( 17 - 25 ) only want their mobile phones and the like and the rest ( 25 - 40 ) are getting married and trying to raise families.... Cost of coins etc has gone way out of proportion and as soon as anything is bought from the mint , it will decrease 30% before you take it out the store.... Unless you know of items that only got issued for mint sets like the Australian 1975 nickel....That is always a keeper as they will never be able to be found in circulation. On the other hand, the 1986 mint set had a huge amount not released for circulation and they can be found anywhere as mint sets have been dissected...I am guilty of that myself. The 1992 Barcelona Australian $1 coin is a big player and will stay up there for a long time as it was never issued for circulation. Here is a list of some of the items i invested in and when i sold them, i purchased a car ( chevrolet cruize ) when i retired. 1. Australian 1992 Barcelona $1 Coin 2. Australian 1925 penny Coin [B][COLOR=#ff0000]any grade[/COLOR][/B] 3. Australian 1946 penny Coin [B][COLOR=#ff0000]any grade[/COLOR][/B] 4. All 1915 Aussie coins except the penny no matter the denomination 5. 1933 Australian Shilling Coin [B][COLOR=#ff0000]any grade[/COLOR][/B] 6. 1985 Australian Nickel ( [B][COLOR=#ff0000]only issued in Mint sets[/COLOR][/B] ) 7. Australian 1923 Halfpenny Coin 8. 1990 2c and 50c Coin ( [B][COLOR=#ff0000]only issued in Mint sets[/COLOR][/B] ) 9 1972 Australian nickel in high grade only ( [B][COLOR=#ff0000]EF and above[/COLOR][/B] ) 10 USA 1911s Wheat penny ( at least VF grading) 11 USA 1912s Wheat penny ( at least VF grading) Only the Australian coins were unc as they were directly from unopened mint/ unc sets....None of the others were UNC as i dont believe in UNC.... In my eyes nothing can be unc as the coins had to be handled one time or another and have got microscopic traces of oils from peoples skin....I BELIEVE UNC = JUNK as the average collector cannot afford them... Nowadays i dont think the young generation are interested in the hobby so that makes the dealers kind of refrain from buying. Please remember that a coin is only worth what you can sell it for and if there is no interest, then it is worth nothing. have a nice day[/QUOTE]
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