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Message:: [QUOTE="Vess1, post: 655868, member: 13650"]Well said. This should be required reading before you can sign up to this site. I would hope that most people don't see them as an investment as much as they see it as a good hobby to store some wealth in if you choose. As in, if I pay $100 for a coin today, I certainly hope in a few years that I would be able to sell it for around $100.  Bad investment or not, inflation should inevitably maintain what you've paid. Just look at what so much stuff was selling for in the 50's. Whether it was true gain, inflation, or both, most prices from the 50's, 60's and 70s are laughable now. It's got to be better than cash sitting in a savings account making 1% interest or less annually. But chip is right. They are not a hard commoditee like corn and beans. Very subjective so you have to be careful what you purchase. That's why Bowers recommends buying the optimum collecting grade.  Say the list price is similar through all lower grades. Then to MS60 the price jumps 2x. To MS62 the price jumps 2x. But then the price jumps 4x to MS63. In this case, as long as it has great eye appeal, the MS62 represents the best value as it's still a premium coin that is likely close to the next level which is 4x more than you paid. Most times it isn't worth paying the MS63 price in this example. Bowers recommends taking the extra money and going on vacation! <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />   On a side note, that doesn't apply to all coins.  Mainly higher dollar ones.  Many slabbed gold commemoratives in MS/PF70 can be had for 30-50 dollars more than a completely ungraded, maybe 67,68 coin.  Which is only a 20% premium for a perfect coin.[/QUOTE]

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