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Will Our Coins Ever Be Valuable?

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Author Replies: 1 / Views: 14Next Topic  
Pillar of the Community

United States
500 Posts
 Posted Today  49M ago Show Profile   Bookmark this topic Add KisNap to your friends list Get a Link to this Message Number of Subscribers
Picture yourself back in 1913 (that's the farthest I could get the inflation calculator to go back to) and you have a brand new red shiny Wheat cent, $0.31 today. Did anyone think to encapsulate it and save it for their great grandchildren thinking it might be worth over $100 later in numismatic value?

It seems as time has gone on, more and more people collect and protect their old coins and the mint sells new mint sets in uncirculated, proof, reverse proof, and silver proof in the hundreds of thousands. Do you think our coins will ever be that valuable 113 years later or will there be so many well preserved examples that they will never appreciate?

Ironically, many mint sets now sell below than what they were issued for at the time they were produced. Would saving a choice coin from the wild in mint-state condition and putting it aside for someone 113 years later be considered pointless?

Just curious what everyone thinks about the hobby as a looong term investment that their descendants could cash in on.
Pillar of the Community
publius's Avatar
United States
877 Posts
 Posted Today  42M ago  Show Profile   Bookmark this reply Add publius to your friends list Get a Link to this Reply
"Investing" in collectibles, on the whole, is a foolish idea, because collectibles don't produce income, and can only ever deteriorate in condition.

But let's take a look at the world of stamp collecting. After the Second World War, for decades, so many people in the USA saved such a vast quantity of postage stamps, thinking that they would somehow appreciate in value like the rarities of the 19th century, that today (because of the declining number of enthusiasts) they are a drug on the market. Dealers have such vast inventories that you can buy sheets of stamps, from 1948 onward, often at less than face value. And I do exactly that, because I like to send mail with space stamps, and I'm willing to take the time and effort to put 83¢ worth of 1960s 5¢ and 8¢ stamps on an envelope.
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