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 Replies: 20 / Views: 1,809 |
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Moderator
 United States
187446 Posts |
I hate to pile on, but coins are just a hobby for me and not an investment. At least it is better than many other hobbies that lose most if not all the money you put into it.
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Bedrock of the Community
United States
19107 Posts |
Have to agree with all above...
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Moderator
United States
94586 Posts |
I buy coins and bullion rounds for fun, but in the end, when I'm retired I may sell it off- not expecting any huge profit from it, but it does hold value that can help a bit later on.
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Valued Member
 United States
137 Posts |
Thank you all so much!! This has really helped me
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Moderator
United States
187446 Posts |
Our pleasure! I hope you continue to enjoy the hobby.  |
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Bedrock of the Community
United States
10029 Posts |
Coins do not make good investments.
Actual example - one of many - from my own experience:
In the 70s I bought a 1950-D (key date) bickel for 9.00. According to an online dollar deflation calculator that 9.00 back then would buy 54.00 of coins today.
Currently I could get a raw 1950-D for 12.00. At 12.00 I could buy 4 (and one half!) of them today at same cost.
Morgan CC dollar were being sold when a hoard was found. Same type of calculations show the cost they were being sold for is slightly less or same as you can get one today.
Even if you choose to buy gold or silver coins, they are not an investment, they are a hedge against inflation. They will not lose value that putting away modern clad and paper money will lose with time.
How much squash could a Sasquatch squash if a Sasquatch would squash squash? Download and read: Grading the graders Costly TPG ineptitude and No FG Kennedy halveshttps://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2 |
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Pillar of the Community
 United States
7933 Posts |
joe_77 gave a great answer with a realistic example. And note that the example is for a single $10,000 purchase.
If you are spending 50 or 100 dollars at a time, plan on having more losers than winners (after taking the costs of selling into account).
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Pillar of the Community
Australia
3831 Posts |
Agreed with all the points raised above.
That said, that does not mean you cannot make money in anything. As long as you can identify what is of value at the right price, sure why not.
Coin shops exist and they have to make a living somehow.
My partial coin collection http://www.omnicoin.com/collection/gxseriesMy numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htmRegularly updated at least once a month. |
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Moderator
United States
187446 Posts |
Quote:
Coin shops exist and they have to make a living somehow. I am not a dealer, but if they are like any other store, they make money buying low (wholesale), selling high (retail), and turning volume inventory as fast as they can. They rarely sit on anything for a long time and know when to cut their losses. |
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Pillar of the Community
United Kingdom
2868 Posts |
Many collectors will pay over the odds for a coin they really would like to own, because they are collectors, not investors. Anyone looking at a coin for investment purposes will be competing with that mindset amongst others so that adds to the difficulty in realising any sort of quick return for some coins. Same for any collectible. Dealers survive because they have customers in mind for choice items when they buy them and the bullion market is a substantial part of their business.
Those rarities that command 5 or 6 figures seen to operate under different rules where the super rich act on a whim and the volatility on prices is greater. Greater possibilities, but greater risks. Certainly not a pond I fish in. :)
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Moderator
United States
187446 Posts |
Quote:
Dealers survive because they have customers in mind for choice items when they buy them and the bullion market is a substantial part of their business. Good points.  |
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Valued Member
United States
216 Posts |
You're looking at this wrong.
If you want high returns, you need to look for adjacencies in this industry.
For example, you could start a business encasing other people's coins in plastic with some sort of certification.
For even higher margins, you could start a business applying stickers on other companies plastic slabs containing other people's coins.
Just between us... I'm also an investor, and I'm always looking for partners. My newest venture is a business that provides tamper-proof certification stamps on the stickers on the slabs containing coins. If you're interested in committing a small amount of start-up capital, I personally guarantee huge returns!
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Bedrock of the Community
United States
10470 Posts |
Quote:
Just between us... I'm also an investor, and I'm always looking for partners. My newest venture is a business that provides tamper-proof certification stamps on the stickers on the slabs containing coins. If you're interested in committing a small amount of start-up capital, I personally guarantee huge returns! I think I've seen you before..............  |
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Moderator
United States
94586 Posts |
Quote:
I think I've seen you before..............  |
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Bedrock of the Community
United States
10029 Posts |
Quote:
You're looking at this wrong.
If you want high returns, you need to look for adjacencies in this industry.
For example, you could start a business encasing other people's coins in plastic with some sort of certification.
For even higher margins, you could start a business applying stickers on other companies plastic slabs containing other people's coins.
Just between us... I'm also an investor, and I'm always looking for partners. My newest venture is a business that provides tamper-proof certification stamps on the stickers on the slabs containing coins. If you're interested in committing a small amount of start-up capital, I personally guarantee huge returns!  BTW...for those keep track, there now is yet another sticker company offering to sticker stickered slabs: CMQ. And...people will fall for it! |
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Replies: 20 / Views: 1,809 |
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First Page
Posted 08/27/2025 09:04 am
