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 Replies: 13 / Views: 1,557 |
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Valued Member
United States
477 Posts |
Paper money or coin money?
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Bedrock of the Community
13014 Posts |
Im not really familiar with paper money but interesting question. Coins last longer, but coins I would guess also have more demand.
In the end I would guess it depends on the actual coin or bill in question. Some coins fetch huge money while other even if old have little to no premium
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Moderator
 Australia
16829 Posts |
Over the past decade, notes have on average outperformed coins. However, notes went through something of a price bubble, rising up then falling again. As with any price bubble, if you bought just before the bubble burst hoping for a quick profitable flip, you're probably still regretting it.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Moderator
United States
23522 Posts |
Furthermore, if appreciation is your goal, you're probably better served investing in corn futures rather than coins. The people who realize competitive returns on coin investments are the lucky ones, not the smart ones.
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Pillar of the Community
Australia
3831 Posts |
My knowledge and experience - you can't even steal it from me even if you wanted to.  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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Bedrock of the Community
United States
20753 Posts |
With coins you almost always have a place to liquidate. Currency is not that easy to find buyers except via the internet. Most coin stores I've visited would possibly even handle stamps, some sporting items but seldom currency. At almost all coin shows I've gone to, usually only one dealer that has currency.
Not sure which appreciates faster or more in value, but coins are always easier to sell. Many more coin collectors than most other items.
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Bedrock of the Community
United States
19949 Posts |
I agree with Carl, the demand for coins is much greater. Perhaps notes appreciated more on a comparitive scale, but they are more difficult to sell.
Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
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Moderator
United States
188440 Posts |
Quote:
The people who realize competitive returns on coin investments are the lucky ones, not the smart ones. Quoted for truth.  |
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Pillar of the Community
United States
5830 Posts |
Unless you're in the numismatic business, ROI for collectors is not as good as say stocks or bonds, holding coins or paper currency for years doesn't mean you will get your returns.
And sometimes you get lucky that you break even, unless you find a rarity or gem, but you have to have the knowledge to look out for it.
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Bedrock of the Community
United States
20753 Posts |
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ROI for collectors is not as good as say stocks or bonds, I wonder what those that were here in 1929 would say about that.  |
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Bedrock of the Community
13014 Posts |
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I wonder what those that were here in 1929 would say about that. 1932 was a great time to buy lol |
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Pillar of the Community
United States
2077 Posts |
Also, paper takes much longer to get value. The majority of notes from the mid 20th century are worth barely over face value.
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Valued Member
United States
196 Posts |
I would say that there are fewer bills in quality condition for obvious reasons so that would contribute. Also if you complete a set of something it could bring a higher rate because some people would rather pay for a set than do the leg work of building one. IMO
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Bedrock of the Community
United States
17884 Posts |
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I wonder what those that were here in 1929 would say about that. It depends on when they bought. With most any investment timing is very important. Buy at the right time and sell at the right time, make a killing. Buy at the wrong time and sell at the right time, do OK. Buy at the right time sell at the wrong time, it's a wash. Buy at the wrong time sell at the wrong time, where's the nearest window? |
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Replies: 13 / Views: 1,557 |
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Posted 08/14/2012 04:04 am
