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<p>[QUOTE="Leadfoot, post: 196294, member: 2972"]Reread the above post.</p><p><br /></p><p>Reread it again...and again...and again until you can recite it from memory.</p><p><br /></p><p>GDJMSP's words couldn't be more true.</p><p><br /></p><p>Coins are not an investment. To invest in coins is a sure way (and I do mean SURE) to lose money. Invest in the stock market, real estate, or bullion -- not collectible coins, and certainly not the modern coins entombed in plastic.</p><p><br /></p><p>I don't mean to sound harsh, but the best thing you could probably do is sell a few (or all) of your coins, take your losses (and learn a VERY VALUABLE LESSON), and collect coins, not holders. I would also strongly suggest you go on a buying strike for ONE YEAR. Take that year and look at and read about as many coins as possible -- then start buying.</p><p><br /></p><p>I like the idea of rolling into gold coins -- look at foreign coins that can be found for a very small premium over spot. Things like the Mexico 50 pesos, Krugerrands, Maple Leaves, and Pandas. Some have very attractive designs and they can often be found for between $20 and $50 of spot. If foreign coins don't do it for you, you might also consider generic US gold -- but realize the downside is much, much greater as grading (and all the ripoffs associated with it) becomes part of the equation.[/QUOTE]</p><p><br /></p>
[QUOTE="Leadfoot, post: 196294, member: 2972"]Reread the above post. Reread it again...and again...and again until you can recite it from memory. GDJMSP's words couldn't be more true. Coins are not an investment. To invest in coins is a sure way (and I do mean SURE) to lose money. Invest in the stock market, real estate, or bullion -- not collectible coins, and certainly not the modern coins entombed in plastic. I don't mean to sound harsh, but the best thing you could probably do is sell a few (or all) of your coins, take your losses (and learn a VERY VALUABLE LESSON), and collect coins, not holders. I would also strongly suggest you go on a buying strike for ONE YEAR. Take that year and look at and read about as many coins as possible -- then start buying. I like the idea of rolling into gold coins -- look at foreign coins that can be found for a very small premium over spot. Things like the Mexico 50 pesos, Krugerrands, Maple Leaves, and Pandas. Some have very attractive designs and they can often be found for between $20 and $50 of spot. If foreign coins don't do it for you, you might also consider generic US gold -- but realize the downside is much, much greater as grading (and all the ripoffs associated with it) becomes part of the equation.[/QUOTE]
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To Slab or Not To Slab...What's the Right Investment Choice?
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