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Thoughts on key date US coins as investment hobby?
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<p>[QUOTE="cladking, post: 26416569, member: 68"]As a rule I would strongly advise against collecting any coin as an investment and that applies here as well. There are pitfalls that are impossible to predict and as I have found even being right can be problematical. </p><p><br /></p><p>This being said key date US coins are a better "investment" than most other coins; ie-less bad. So long as coins are collected there will be smaller supply, and paradoxically, higher demand for such coins. </p><p><br /></p><p>A lot of the people who do well financially n the hobby are collectors first and foremost. They are people like John J Pittman who taught himself how to recognize value and rarity before those around him could see it. They are collectors who know what many coins are worth and will acquire them for trade when they appear too cheap. They are people who study or otherwise assess rarity or simply happen to collect something before everyone else wants to. There are many ways to profit in the hobby beyond the friendships and contacts and most of them usually demand knowledge and experience. </p><p><br /></p><p>It's a great hobby in which everyone might profit.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 26416569, member: 68"]As a rule I would strongly advise against collecting any coin as an investment and that applies here as well. There are pitfalls that are impossible to predict and as I have found even being right can be problematical. This being said key date US coins are a better "investment" than most other coins; ie-less bad. So long as coins are collected there will be smaller supply, and paradoxically, higher demand for such coins. A lot of the people who do well financially n the hobby are collectors first and foremost. They are people like John J Pittman who taught himself how to recognize value and rarity before those around him could see it. They are collectors who know what many coins are worth and will acquire them for trade when they appear too cheap. They are people who study or otherwise assess rarity or simply happen to collect something before everyone else wants to. There are many ways to profit in the hobby beyond the friendships and contacts and most of them usually demand knowledge and experience. It's a great hobby in which everyone might profit.[/QUOTE]
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