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Thoughts on key date US coins as investment hobby?
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<p>[QUOTE="samclemens3991, post: 26416508, member: 82181"]I have never had the discretionary budget to buy key dates. Also, what I have to say does not apply to key dates; they are a market onto themselves. I will share a simple rule about buying and selling coins I have learned.</p><p>If you are buying a common date coin. (To me, if you can buy 5 of the same date any day any time it is common.) You will be very lucky if you can recoup 85% of your money. 60% will be more likely.</p><p>If you are buying what is considered a "better" date. (To me this is a coin that can be found but may take you a few months to find a nice one.) You are more likely to end up at the break even point. It is just as likely you will make or lose 10%. Just depends on buyers at the time.</p><p>If you arer buying truly rare coins. (To me you will often have to wait years to find even one nice example but often times a piece can be located in about a year of searching.) You may reap 2 to 4 fold what you paid if you are willing to wait for the market to recognize the rarity of the piece. You may also end up owning the coin for a decade and get the same break even result. All depends on demand and again how many buyers are interested at the time. James[/QUOTE]</p><p><br /></p>
[QUOTE="samclemens3991, post: 26416508, member: 82181"]I have never had the discretionary budget to buy key dates. Also, what I have to say does not apply to key dates; they are a market onto themselves. I will share a simple rule about buying and selling coins I have learned. If you are buying a common date coin. (To me, if you can buy 5 of the same date any day any time it is common.) You will be very lucky if you can recoup 85% of your money. 60% will be more likely. If you are buying what is considered a "better" date. (To me this is a coin that can be found but may take you a few months to find a nice one.) You are more likely to end up at the break even point. It is just as likely you will make or lose 10%. Just depends on buyers at the time. If you arer buying truly rare coins. (To me you will often have to wait years to find even one nice example but often times a piece can be located in about a year of searching.) You may reap 2 to 4 fold what you paid if you are willing to wait for the market to recognize the rarity of the piece. You may also end up owning the coin for a decade and get the same break even result. All depends on demand and again how many buyers are interested at the time. James[/QUOTE]
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