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Top 5 Worst Coin Investments.

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Pillar of the Community
Learjet's Avatar
Australia
655 Posts
 Posted 04/13/2007  11:44 am  Show Profile   Bookmark this reply Add Learjet to your friends list Get a Link to this Reply
Well, supply and demand are what makes a coin a good investment although there does seem to be some exceptions to that. Some coins are flavour of the month and skyrocket in price for a short while only to drop when the hype wears off. There are also scarce coins out there that no one really cares about. Perhaps they are "sleepers". Of course if collectors continue to ignore them will never wake up so to speak.

I don't know if anyone can predict the market 100% but a good coin forum like this one certainly helps to keep us informed!
Pillar of the Community
Prethen's Avatar
United States
3234 Posts
 Posted 04/13/2007  10:28 pm  Show Profile   Bookmark this reply Add Prethen to your friends list Get a Link to this Reply
MS/PF 69/70 c~~~r~~~a~~~p
Valued Member
madspec's Avatar
United States
376 Posts
 Posted 04/14/2007  06:44 am  Show Profile   Bookmark this reply Add madspec to your friends list Get a Link to this Reply
Great topic Mila_cent, and so very true.

madspec

Valued Member
mrcoin's Avatar
United States
199 Posts
 Posted 04/14/2007  08:20 am  Show Profile   Bookmark this reply Add mrcoin to your friends list Get a Link to this Reply
A little off topic but... I love coins and love collecting them. I have made and lost money.
IMO coins are not a good investment, ie:

1) they produce no income,
b) no tax advantage (maybe if used in an ira),
3) you buy high (if retail) and they must appreciate, say, 20% or much more just to break even,
d) when you sell you don't usually get retail, and
5) not secure to own as they may be stolen, lost and/or damaged.

The only up side is for lots of appreciation to occur with lots of downsides. There are many ways to diversify that would be better.
Too bad I don't follow my own advice.
New Member
hankash's Avatar
Yemen
42 Posts
 Posted 04/23/2007  4:36 pm  Show Profile   Bookmark this reply Add hankash to your friends list Get a Link to this Reply
Well I guess the worst soin investment is getting any coin from Asia or the Middle East, Dammmmmm, they got me big time.
Pillar of the Community
thq's Avatar
United States
3343 Posts
 Posted 04/23/2007  10:01 pm  Show Profile   Bookmark this reply Add thq to your friends list Get a Link to this Reply
I tend to agree with mrcoin on the quality of coins as an investment. 50 years from now we'll all look like geniuses, but what will be left for us to enjoy?

A few truly good recent investments in coins recently have been the scarce date cc Morgans, early walkers in F and higher, and bullion coins. But a lot of categories have been awfully flat...
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
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