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Why are cleaned/scratched/graffiti coins a bad investment?
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<p>[QUOTE="mrweaseluv, post: 1815287, member: 40340"]Well, as a lover of those dinged and dented artworks myself, let me say this...</p><p> </p><p>1) will not appreciate in value as quickly....</p><p>They appreciate at the exact same rate as the problem free coin, however still sell at the "lower value" as it is based on a percentage of the value of the undamaged coin</p><p> </p><p>2) will not appreciate in value at all...</p><p>Completely untrue, see above.</p><p> </p><p>3) will be harder to sell (and therefore have to be sold at a loss)</p><p>Yes they can be harder to sell but this is no cause to discount them beyond reason. Perfect coins sell faster and for a higher price, but there will always be collectors with limited budgets who will be happy to own a less then perfect coin so that they may own an example they could not otherwise afford. If you buy at a reasonable price there is no reason you should have to take at loss if you ever decide to sell. The exception being if you have to sell in a hurry, you may have to accept a monitary loss but you still get the enjoyment value for the time you possesed the coin itself.</p><p> </p><p>4th and most important.</p><p>If you are a collector rather then an "investor" it does not matter in the end as long as you are happy with the coin and enjoy owning it. If you get enjoyment out of owning that damaged coin then it is money well spent in my book. If you just want an investment, buy bullion and leave the coins to those of us that love them for what they are dings and dents included.[/QUOTE]</p><p><br /></p>
[QUOTE="mrweaseluv, post: 1815287, member: 40340"]Well, as a lover of those dinged and dented artworks myself, let me say this... 1) will not appreciate in value as quickly.... They appreciate at the exact same rate as the problem free coin, however still sell at the "lower value" as it is based on a percentage of the value of the undamaged coin 2) will not appreciate in value at all... Completely untrue, see above. 3) will be harder to sell (and therefore have to be sold at a loss) Yes they can be harder to sell but this is no cause to discount them beyond reason. Perfect coins sell faster and for a higher price, but there will always be collectors with limited budgets who will be happy to own a less then perfect coin so that they may own an example they could not otherwise afford. If you buy at a reasonable price there is no reason you should have to take at loss if you ever decide to sell. The exception being if you have to sell in a hurry, you may have to accept a monitary loss but you still get the enjoyment value for the time you possesed the coin itself. 4th and most important. If you are a collector rather then an "investor" it does not matter in the end as long as you are happy with the coin and enjoy owning it. If you get enjoyment out of owning that damaged coin then it is money well spent in my book. If you just want an investment, buy bullion and leave the coins to those of us that love them for what they are dings and dents included.[/QUOTE]
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Why are cleaned/scratched/graffiti coins a bad investment?
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