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Best Coins To Collect To Preserve Value Or Appreciate In Value

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SPP-Ottawa's Avatar
Canada
10460 Posts
 Posted 06/09/2016  12:58 pm  Show Profile   Check SPP-Ottawa's eBay Listings Bookmark this reply Add SPP-Ottawa to your friends list Get a Link to this Reply

Quote:
Collecting coins is a wonderful pastime and a hobby. Once you start thinking INVESTMENT and coin in the same thought process you are going to get yourself into trouble big time.


There is a cross-over point, however, if you arm yourself with enough knowledge to pick cherries or decipher errors... I have done quite well with Canadian coins, but I have invested a lot of time to learn everything from grading to identifying fabricated errors...
"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert Oppenheimer

Content of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_US

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Pillar of the Community
Canada
2845 Posts
 Posted 06/09/2016  2:10 pm  Show Profile   Bookmark this reply Add wildflowerAB to your friends list Get a Link to this Reply

Quote:

I have done quite well with Canadian coins, but I have invested a lot of time to learn everything from grading to identifying fabricated errors...


Yes, I believe a small percentage of total collectors can do quite well. But again making an unfair comparison, anyone can learn how to pick a stock that has possible growth potential by taking a course to gain knowledge in analyzing financial reports without investing more than the tuition fee. Step #1, gaining knowledge.

Coins, well there's no easy or quick way to learn. All the knowledge comes through hands on experience of buying, selling, trial and a lot of errors (the costly kind). Otherwise the only resource is networking with other collectors who are willing to mentor and share their lifelong knowledge, for example through coin clubs (a diminishing thing) but learning is still not going to happen overnight.

That's one aspect that I think makes new collectors somewhat reluctant - where to begin and it's easy to become discouraged. Just one example is non-standard grading by various TPG and how it impacts value when an assigned grade, another is trends pricing and what's the going percentage.

I've learned that numismatics is certainly far more complex than meets the eye and my conclusion is that the success of some is due to lack of opportunity to increase knowledge by the majority. A unique hobby, in that regard... It is what it is.
New Member
Canada
32 Posts
 Posted 06/10/2016  5:45 pm  Show Profile   Bookmark this reply Add Silverinthehole to your friends list Get a Link to this Reply
Do lots of research and find really great places to metal detect. It is possible to find rare coins without having to pay high prices...although the quality will never be the same...this way you can combine 2 great hobbies in one...HH
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