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Best Coin To Buy As An Investment Right Now?

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jbuck's Avatar
United States
189767 Posts
 Posted 04/04/2012  11:38 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
If you want to collect, buy what you like, not what you think will be profitable.

Quote:
... do not see this as a way to make money ... there is no best 'coin' to make an investment in.
I agree with both statements.

With apologies to those who may disagree, my advice is to not invest in coins. You should only buy them for pleasure.
Pillar of the Community
United States
1554 Posts
 Posted 04/04/2012  1:52 pm  Show Profile   Bookmark this reply Add 1893S to your friends list Get a Link to this Reply
Investing in coins for profit is a "crap shoot" at best. I do not believe there is a sure bet with any coin, over the long haul, maybe, if you want to wait 30-40 years. Diversification is a key.
Valued Member
Canada
274 Posts
 Posted 04/04/2012  4:10 pm  Show Profile   Bookmark this reply Add yves to your friends list Get a Link to this Reply
For what buy gold when the price are at the top ? Do you really thing that the value will increase indefinitively ?

Buy bullion when the price are low.
Pillar of the Community
United States
1231 Posts
 Posted 04/04/2012  8:34 pm  Show Profile   Bookmark this reply Add onejinx to your friends list Get a Link to this Reply
Just buy the next "great thing" the mint puts out and sell it on ebay for a huge profit.

Other than that, coins really are not a money making investment. Just a hobby.
Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 04/05/2012  03:14 am  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
, chefhemi13!

Spend $500-1000 on coin books and read them cover to cover (especially the intro pages).

No matter how good the advice you'll receive here, starting with a $1000-2000 coin, you're cruisin' for a bruisin'. It only takes one mistake and you're out of the game for a LONG time.

Coins are a collectable, not an investment. After reading all those books, you'll understand what to buy, and more importantly, why.
Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 04/05/2012  03:15 am  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
, Drew!-

Same advice.
Bedrock of the Community
United States
20753 Posts
 Posted 04/05/2012  08:15 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
Difficult to say only one coin. However, here is a suggestion. Puchase a Red Book by Whitman Publishing. Scan through all the popular collector type coins for mintages. My reasoning is the proportion of people in the near future compared to quantity minted of coins will sort of determine what you should, could, might, possibly buy.
For example any coin with a mintage of less than one million will possibly be considered rare in the not to distant future. Our population in the USA has now exceeded 300,000,000 people and if only 1% of those collect coins, still more collectors than coins of the less than one million variety.
One problem with the above method is popularity. For example a 1912S Liberty Head Nickel has a mintage of 238,000 and barely exceeds $2,000. Comparitively a 1916D Mercury dime had a mintage of 264,000 and values go up to well over $30,000.
So to sum up what I was attempting to say is it's all just a guess anyway. Remember this is a hobby, not an investment tool.
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