Message:

<p>[QUOTE=&quot;Cloudsweeper99, post: 59972, member: 3011&quot;]I don&#039;t know if the collectors here are (1) kidding, (2) trying to scare away investors, or (3) really don&#039;t know about the merits of investing in coins.&nbsp; Of course there are no guarantees in life, but a lot of this depends on the timeframe.&nbsp; Flipping coins every year probably would result in a loss, as suggested due to the bid/ask spread.&nbsp; But I happen to have a Handbook of United States Coins from 1965.&nbsp; At the time the Dow Jones was about 1,000, so it is about 10 times higer now not counting dividends.&nbsp; Bonds and cash equivalents did much worse than the Dow.&nbsp; As an alternative, you could have purchased a 1928 peace dollar in uncirculated condition for $80.&nbsp; Most of the uncirculated morgan dollars are listed between $1.50 and $3.00.&nbsp; Almost all Franklin halves list for $0.50.&nbsp; A 1924 St Gaudens double eagle was $43.&nbsp; The 1916D Mercury dime was a rarity even then, and cost a whopping $105.&nbsp; And so on...&nbsp; Virtually every series shows similar results.&nbsp; I think it would have been virtually impossible to put together any assortment of high grade coins that wouldn&#039;t have appreciated substantially.&nbsp; Nobody can predict the future or if history will repeat, but I&#039;m not sure there is much evidence to suggest that &quot;investing&quot; in coins is an inferior choice for a small part of an investment portfolio over long time periods.&nbsp; The trust people place in fee-based investment advisors only makes me smile. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in