Coins As An Investment?

I agree whatever the buyer will pay is the true value of anything. If no one is willing to buy at a certain price then the item is not worth that price no matter what is written about it. Some see coins as investments I have never felt that way, I see them as an historic art collectable and a very interesting subject on their own. Now that silver has gone up as well as gold of course any coin made of those metals is worth no less than spot prices, I think however that All coins have numismatic value as well no matter what the grade.
Copper coins and Nickel coins are great collectables and can be viewed as investments as there is a certain market for them, (the collectors market) here the going rate is pretty much the going rate, look up any classic US coin on a few different dealers sites and you'll see the prices should be within a few dollars of each other for the same coin, if you want it thats the price you will have to pay for it I think. Research, research, research is the key, you like 2 cent pcs read about them,find out which is rare, due to condition, mintage etc. look to see what they sell for and buy some. I feel that unlike other collectable markets that are driven by hype and even manufacturers or even the US Mint, coins will always hold their value or go up through the years. This of course is my view on things other may differ. I say buy and dont sell, I learned that the hard way because if you sell you'll get a small fraction of what you paid.

Tony

I've been collecting coins since 1968, but, I have sold a lot of my coins originally purchased years back for better coins. In other words I am constantly buying and selling and have increased the value of my collection this way. Just buying coins and holding on to them as an investment is a crap shoot at best. It all takes time and not just 5-10 years. It's been almost 45 years for me and I feel like I'm just getting started!

Holy Cow!
I just notice I am 1 post shy to my one thousand posts.

I guess I will run a contest for my 1,000 posts.

Hey folks,
Give me some ideas?

Pure collectiong is, IMO, with a goal in mind like collectiong a Morgan set of coins or full set of Jefferson Quarters. Of course you try to collect the coins at the lowest price you can find them, but the important thing is to collect the set. And maybe pass the collection to your children. Investing is with a different goal knowing that at some point you will sell them. You are using it as part of your retirement or a college fund.

OK just carl.

I will do that for 1 day, but I will need a fix this coming weekend, too busy today and tomorrow black Friday.

Wife wants to sell my coin collection to buy other house items?!

A few pointers: Buy close to wholesale price (Coin Dealer Newsletter) - if not you'll spend 8 or 9 years just waiting for the coin you bought to get back to what you paid for it in true value, be prepared to buy and hold for many years -- at least 15 years, try to only buy key dates in the highest condition you can find, unless you are an expert grader buy only certified coins and only NGC or PCGS, never buy a slabbed coin that has ugly or dark toning, don't gamble on fads (i.e. coins that have suddenly and inexplicably soared in value), never buy modern issues (you'll be dead before they appreciate), and favor coins that have numismatic not bullion value. The bullion markets are overinflated right now and may be less favorable investments - never good to buy in high.

Put together a meaningful collection with purpose. Buy the best grade you can afford. Become a specialist in an area others overlook. Look for extremely sharp strikes..... All good cliches, ergh I mean advice, to assemble a collection with good potential to appreciate in value.