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Investments

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Author Previous TopicReplies: 15 / Views: 1,657Next Topic  
Valued Member
loverr's Avatar
Australia
131 Posts
 Posted 07/13/2012  11:50 pm Show Profile   Bookmark this topic Add loverr to your friends list Get a Link to this Message Number of Subscribers
As I am quite new to coin collecting, I was wondering what is the best way to invest my hard earned into?

coins?
Notes?
Gold?
Silver?

HELP PLEASE
Valued Member
banknotelover's Avatar
Australia
218 Posts
 Posted 07/13/2012  11:57 pm  Show Profile   Bookmark this reply Add banknotelover to your friends list Get a Link to this Reply
They are all good. I guess it depends on what you have a liking for. Afterall, money aside, you should have a passion for a certain field. If it's pure investment, then they all, going from past results, have increased in value over time. Maybe do some research yourself, buy some old price guides on coins and notes, check out the auctions to see what you should be paying.
Valued Member
Golden Nickel's Avatar
United States
116 Posts
 Posted 07/13/2012  11:58 pm  Show Profile   Bookmark this reply Add Golden Nickel to your friends list Get a Link to this Reply
Well notes you should already be taking. Silver is one thing you should invest in while picking up some out of the blue coins
Bedrock of the Community
sel_69l's Avatar
Australia
21786 Posts
 Posted 07/14/2012  12:06 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
Two ways to go on this, before deciding:

1. Collect anything that interests you now, until you find your interests naturally develop into a direction that you feel is right for you. Later on, sell those items that no longer interest you, and convert the money into those things that do interest you.
2. Do lots of reading first, before you feel that one of the areas you have noted becomes right for you.

Parts of my collection have developed as as result of BOTH of these approaches.
Valued Member
Mechman's Avatar
United States
275 Posts
 Posted 07/14/2012  12:28 am  Show Profile   Bookmark this reply Add Mechman to your friends list Get a Link to this Reply


Don't rush into it. Do research on anything you want to try. Buy from reputable dealers if you want to start right away. Did I say not to rush. Be careful of ebay!
This site has many experts, take advantage of their knowledge. Have fun!
Pillar of the Community
Australian coin's Avatar
Australia
1244 Posts
 Posted 07/14/2012  03:14 am  Show Profile   Bookmark this reply Add Australian coin to your friends list Get a Link to this Reply
As a newbie start with the cheap stuff, that way if you make a mistake or buy something you end up not liking you haven't lost that much money.

newbie's may just like to have fun with noodling coins that you find in your change.

Find out what you like about coins, before spending big money on them.
Everyone can tell you that what you start collecting, and what you will be collecting years later are two very different things.

I started with collecting circulated coins like the picture 50c and 20c coins, but defiantly went in the direction of pre-decimal coins and stuck with threepences.
On the odd occasion I might find a silver coin that I like, I ended up buying bush baby coins from the Perth Mint.

If you ever unsure you can always just ask a question on the site, there are heaps of people here to help
Pillar of the Community
Australia
1295 Posts
 Posted 07/14/2012  05:51 am  Show Profile   Bookmark this reply Add markn to your friends list Get a Link to this Reply
Simple advice. Dont. If you get into coin collecting for investment reasons you'll almost certainly lose money. Same can be said of gold and silver, it's just speculation.
Pillar of the Community
trout1105's Avatar
Australia
7096 Posts
 Posted 07/14/2012  05:53 am  Show Profile   Bookmark this reply Add trout1105 to your friends list Get a Link to this Reply

Quote:
Simple advice. Dont. If you get into coin collecting for investment reasons you'll almost certainly lose money. Same can be said of gold and silver, it's just speculation.

That is sage advice
Valued Member
Australia
428 Posts
 Posted 07/14/2012  8:42 pm  Show Profile   Bookmark this reply Add keldaw2222 to your friends list Get a Link to this Reply
all good advice from here
but at the moment gold is down a bit so if you have the funds ready to go , go out and buy yourself a couple of grand worth and put it away ..it is the only thing that does not need looking after ..then think about the other ones .. ,, kel ,,
Pillar of the Community
MobOfRoos's Avatar
Australia
762 Posts
 Posted 07/14/2012  9:28 pm  Show Profile   Bookmark this reply Add MobOfRoos to your friends list Get a Link to this Reply
I think most people here would agree that we collect for pleasure and any investment gains we make are just the icing on the cake. I justify the money I spend on cones and notes as being an investment. The truth is that it is only an investment if I sell.....and I have no intention of doing that.

Any investment is a long term investment. There are significant costs involved in buying and selling coins. There are also costs in keeping coins when you consider security systems.

Gold and Silver are safe but you are at the mercy of the markets. For coins and notes you really need to get the highest grade you can possibly get.

My advice though would be to start as a hobby and accumulate knowledge.
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trout1105's Avatar
Australia
7096 Posts
 Posted 07/14/2012  9:33 pm  Show Profile   Bookmark this reply Add trout1105 to your friends list Get a Link to this Reply

Quote:
I justify the money I spend on cones

Happy days
Pillar of the Community
appleangel07's Avatar
Australia
1607 Posts
 Posted 07/14/2012  9:34 pm  Show Profile   Bookmark this reply Add appleangel07 to your friends list Get a Link to this Reply
Thats Funny

Sorry MOR's
Pillar of the Community
MobOfRoos's Avatar
Australia
762 Posts
 Posted 07/14/2012  10:03 pm  Show Profile   Bookmark this reply Add MobOfRoos to your friends list Get a Link to this Reply


a fruedian slip perhaps
Valued Member
Australia
428 Posts
 Posted 07/15/2012  05:17 am  Show Profile   Bookmark this reply Add keldaw2222 to your friends list Get a Link to this Reply
they also told me super was a long term investment, but how long is long term ?
I dont have many years left in me now and my super is already down by $ 47.000.00 dollars ..which I will never get back ..
,, kel ,,
enjoy it today , tomorrow was never promised ,,.
Pillar of the Community
enworb's Avatar
Australia
4411 Posts
 Posted 07/15/2012  05:51 am  Show Profile   Bookmark this reply Add enworb to your friends list Get a Link to this Reply
Cones......


Pillar of the Community
Australia
841 Posts
 Posted 07/15/2012  10:27 am  Show Profile   Bookmark this reply Add Ausjack to your friends list Get a Link to this Reply
..just love ya work roo..cracker
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