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Replies: 22 / Views: 3,567 |
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Pillar of the Community
 United States
1804 Posts |
(((((((((Small face value is supposed to pay off better than large face value. 100 BU 1921 pennies are worth much more than 1 BU 1921 Morgan, right?)))))))))
Thank you kindly for the heads up!
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Bedrock of the Community
United States
20753 Posts |
If you just think about it, your asking what something is GOING to be worth in the future. And how far in the future are you thinking? IF anyone here could really answer your question, they would have already done many things in the past to get rich now. Coins being passed on to future generations could, might, may be worth more, less, the same. My susggestion is to just invent a time machine, go into the future, get a copy of the Red Book or other coin price guide and come tell us all what is what. Best thing to do with coins is to use them as a hobby. Teach your kids and grandkids what they are and hope in the future they don't end up in a game machine somewhere.
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Pillar of the Community
United States
4409 Posts |
Quote: Give them an outlook on life. Determination to work hard and don't complain. Achieve financial independence through savings and wise investments. Value family over money.
Teach them everything you've learned and they'll have a pretty good advantage. Well said. What I remember most about my grandparents is the memories and those you can't put a price on. The material possessions can be gone in an instant. I'm going to enjoy collecting and studying coins and currency instead of focusing on how much $$$ my heirs are going to receive. -MV
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Pillar of the Community
United States
3184 Posts |
what about all those people that spent a bunch of money on State Quarter rolls? I don't think all of us knows what will happen next
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Pillar of the Community
United States
1300 Posts |
How many "old westerns have we seen a "cowboy"toss the inn keeper a silver dollar for a few days stay in the top floor room?
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Bedrock of the Community
United States
11951 Posts |
Common coins will always be common, rare coins will always be rare.
IMO .. buying rolls of BU coins today, does not mean they will be worth much in 50 or 60 years. I frequently purchase non silver coin rolls, from the60's and 70's, at or near face value.
There would be a better chance of coins increasing in value if you put away key or semi key coins. Or Silver and gold coins if purchased near bullion value.
Of course who knows what coin collecting will be like 50 or 60 years from now. Will there be more collectors or less ... if I had to guess .. I would say there will be less collectors. If there were less collectors then coin prices may not be good.
I do agree there is no way to know what things will be worth in the future. Even stocks or putting cash away may end up being a bad investment. I am pretty sure if you do not invest in anything you may end up with nothing.
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Pillar of the Community
 United States
1804 Posts |
GR58
(((((((((((There would be a better chance of coins increasing in value if you put away key or semi key coins. Or Silver and gold coins if purchased near bullion value.)))))
To buy face new rolls ... I have no idea what would the key dates be. Guess just keep buying year after year?
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Pillar of the Community
968 Posts |
Numismatics is a hobby. Indulge and have fun.
If you want to create wealth, invest in stocks with good dividend yields and reinvest the dividends. The power of compound interest over a period of 30+ years is nothing short of amazing.
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Valued Member
United States
113 Posts |
 Coins as a hobby is fun and entertaining. Collectors should collect for the sheer joy of collecting. Coins as an investment should be looked at like any other investment. As in "Which investments have produced the best returns over the years and why have they produced those returns". Just like any other investment..research, research, research. There is a huge difference in buying coins for collecting and buying coins for investment.
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Pillar of the Community
 United States
1804 Posts |
Quote: Coins as a hobby is fun and entertaining. Collectors should collect for the sheer joy of collecting. Coins as an investment should be looked at like any other investment. As in "Which investments have produced the best returns over the years and why have they produced those returns". Just like any other investment..research, research, research. There is a huge difference in buying coins for collecting and buying coins for investment. Why?  let's play...  May I please try to have it both ways ... or at least try?  Buy low ... sell high  Enjoy your hobby  Try to gain along the way  I want it ... even if I can't have it 
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Pillar of the Community
United States
2543 Posts |
If you want to give MAX value to kids or grandkids, SELL your collection before you die.  Otherwise, they will be back here, after you die with your collection. " Granddad died and honored me by leaving me his forty plus year coin legacy. I am both thrilled and enthralled by this collection, but I need a big screen TV, anybody know how much I can get for it ? I would hate short change (pun intended) myself with a 55" when I could have had a 60" Collect the coins you like, enjoy your time with your hobby and in the end, sell your coins to the LCS guy who took care of you all these years.
Edited by denco7 02/16/2014 10:10 am
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Pillar of the Community
United States
6130 Posts |
Nothing short of a crystal ball can tell you what would be a "good" investment choice. The mintage figures have been too high for the past 50 years for any modern coin to have any real shot at growing in numismatic value ahead of inflation. Just look at Roman coins--insane production figures mean that 2,000+ year old coins have only marginally more numismatic value than they had buying power as a contemporary release. Likewise with the 400+ year old Chinese "cash" coins which can be bought at tourist shops for a dollar. Even if you find something that is worth more than face value, nearly every coin goes through a price bubble before crashing down to a more stable price. In mid-2009, boxes of the bicentennial cents regularly sold on ebay for $250-350 each--today they struggle to sell for more than double face. Godless dollars similarly went for hundreds when they were first found in 2007; now they go for $50-75. I can't think of a single modern release that is worth more (adjusted for inflation) 20 years after release than it is 5 years after release. If you want to pass something worthwhile down to your grandkids, pass down memories and good stock investments. Educate them and tell them stories from your time. A zinc penny with a story is worth more than a double eagle without when you are nothing but a memory.
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Pillar of the Community
United States
1277 Posts |
"If you want to give MAX value to kids or grandkids, SELL your collection before you die."
Wouldn't it just make more sense to try to force your hobby on your kids / grandkids, and pass it down to who(s) ever shows the most interest and knowledge in the hobby?
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Pillar of the Community
968 Posts |
Most inheritors don't care what happens to your crap after you die, they just care about the money... my entire collection will be sold unless one of my descendants shows a strong interest in the hobby.
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Moderator
 United States
188747 Posts |
Quote: Wouldn't it just make more sense to try to force your hobby on your kids / grandkids, and pass it down to who(s) ever shows the most interest and knowledge in the hobby? For me, yes. Especially since I do not really care what the cash value is. 
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