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 Replies: 33 / Views: 3,010 |
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Valued Member
Philippines
120 Posts |
had read the book THE RICHEST MAN IN BABYLON by GEORGE CLASON.
anyone read it from this forum?
having read the book I am determined to do what was on it which is,
SAVING/INVESTMENT.
what I wanna do now is to invest the part of my money on old coins which will probably rise as the year pass.
as my money commands I can only afford silver.
particularly I want to invest on Philippines, Canada and U.S silver coins because even if it would not be sold to collectors it would still be sold to its bullion value.
could this plan a good move for a 21 year old Filipino?
thank you very much.
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Valued Member
United States
259 Posts |
I think you're in an ideal position to specialize in Philippine U.S. Administration coins. These are getting more popular and expensive, and that trend will continue, IMHO. But I wouldn't limit myself to silver coins, and certainly not to bullion coins. No, you want to acquire higher graded coins with numismatic value to collectors. Many of these will be silver to be sure, but here's one of mine that is bronze, but worth alot more than an oz. of silver.   P.S. I've been to Baguio. Nice town. Would like to visit again someday |
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Moderator
 United States
23731 Posts |
IMHO silver is a very good investment. I collect more silver than I do gold or other precious metals. My wife is from the Philippines so one of my favorite areas of collecting is Philippine coins especially those issued under Spanish and US administration. I have been searching for a source of these coins in the Philippines but as you know there are not many coin dealers there.
Ron
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Valued Member
Ireland
498 Posts |
I think they already melted the silver for jewelry and meet a fellow filipino here in ireland onced work in cental bank and doest seem to know much on coin collecting even his relative is clueless on coincollecting but talk to them about it and its up to them.
The thing is I want to buy some phil. notes that they have from their previous vacation in the phil. after the chat he decided to kept it and the good thing is he dealing with coins and cash maybe a cashier here in ireland and told them to ask for their relatives if they still have coins kept somewhere else and let it surface.
As I said until this time their is a buyer roaming in the phil. buying old coins house to house or street to street on where they end up I dont know.
High grade coins maybe kept by collector base in the Phil or US.
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Pillar of the Community
United States
3342 Posts |
I don't know a thing about Phillipine coins, but allensinc.com has a ton of them listed, dating back into the 19th century.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
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Valued Member
 Philippines
120 Posts |
hello there! chasinva69 yes Baguio city is a nice town.thank you. when you visit again I hope you could drop by. had you not tried the Cordilleras when you came? i tell you urban town outside Baguio is much better. probably you'd have to see some of their collections of ancient coins too since elders of the Cordilleras use it for rituals.nice coin you've got there. echizento, if your wife is a filipina surely you are well cared and loved...  yeah right there are scarce dealers of coins here. let me try soon to be the one if I would have the knowledge to.  josie, buddy. yap their are people roaming around house to house. I relly do not know where they end up to. but ibelive they quicly sell it. thq, let me try soon that site you provided. thanks to all of you. Edited by baguiobookstore
06/05/2007 11:10 pm
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Valued Member
United States
259 Posts |
Baguiobookstore: I have a book you would find useful: "Coins, Medals and Tokens of the Philippines" by Aldo P. Basso. 1968. Obviously the values lsited for each coin are way out of date, but it has good black and white pictures of all the coins, their mintages and discussion of all coins produced up to that date. I got mine through Amazon.com. May you can do that, or find one somewhere in the Philippines. Are you in the bookstore business? |
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Valued Member
Ireland
498 Posts |
I didnt know that Phil. ancient coin is use for ritual and we have an ancient coin that is good.
The rice terrace of baquio was build 2000 bc, interesting when we did use our first coinage what and why and also what it looks like.it is one historic site that we filipino pre-existed 2000 bc very good info BST.
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Valued Member
United States
206 Posts |
that is a nice centavo - I have built up a very nice collection of centavos from US and post US admin. I bought a beautiful centavo for $.10 and now it's worth $10.00. gotta love that!
as for the OP, I would not look at coins as part of an investment portfolio. the problem becomes trends in the market and the time needed for certain coins to realize their potential. there is the bugaboo of the price declining when you are looking to liquidate as well. I look at my coin collection in a more open ended manner - if it's worth something later down the road, I've made out, if not, I had fun collecting. plenty of people buy bass boats that cost many times my coins and that's cool. my hobby hopefully gains in value over time, unlike that bass boat.
-Steve
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Pillar of the Community
United States
1247 Posts |
As nutty as the investment world is today I'm surprised they haven't auctioned a
silver art bar for 35 million dollars because Donald Trump or someone of equal eminence
touched it once. Collecting silver coins because you like them is one thing but if
your going to invest in silver be careful! It's price can get and has gotten delusional.
As maybe it should with it's symbolic connections to water (the delusional collective),
mirrors-(reversal backwards-*backwards like the world today*) and especially the moon
(night, darkness, *The Shadow* and the "underworld." ) It's a moody metal--Manic/depressive.
Prices can drop every bit as fast or faster than they went up. Be careful. Or better yet,
just collect coins that you like.
Edited by longnine009
06/07/2007 7:22 pm
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Pillar Of The Community
3147 Posts |
Longnine I think you just described investing in any thing? Life itself is a gamble and I like being in charge of all my rights and wrongs without paying a middleman to win or lose for me. I will say the gold and silver I purchased in 2000 thru 2003 has already turned me a tidy profit and YES I have sold most of it. The hardest thing to learn about investing is NOT only when and how much to buy but WHEN TO SELL! As you stated things can and will change rapidly in many investments so a guy/gal needs to find that magic number that commands a sale and STICK TO YOUR PLAN! For instance, I purchase more than my fair share of Proof 2005 Buffalo nickels and Ocean in View nickels at the average price of $4.95 each and I am still sitting on them until my magic number is reached. I could take a $2 to $3 profit right now but, due to the limited amount of money I have tied up, I want to wait for them to reach new heights even if it takes another 10 years! These decisions MUST be made by each of us with any given investment and, if you can please yourself, then how could it be anything but a good investment? Most importantly I have found, being an avid coin collector, it is good to invest a bit (or gamble as some would call it) on coins or currency strictly for future sales which may make me a few bucks to put into other coins I would like to collect and keep over the long term. Nothing like investing in that which one already loves! |
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Valued Member
Philippines
120 Posts |
chasinva69, yes I am into book business. put it up with lots of determination, guts and no more than 300 dollars
capital. it's a bookshop but I termed it bookstore because I am hoping it would become one. he he he.
thanks for the info you had provided.
josie, highlanders or the cordillerans use it for ritual. the more ancient it is the more powerful
it is when they call to the gods for some request. I am a cordilleran. for locals we are termed IGOROTS (mountain people)
put the coins soon I would acquire for help on grading.
thanks
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Bedrock of the Community
United States
20753 Posts |
Simple answer. Can you sell what you've bought for more. This is true of anything. If you buy a block of Silver where can you sell it, who will buy it, how much can you make with it? If your a jewler, coin dealer, etc. you may have a profitable outlet but as a normal, everyday person, what do you do with silver? If you have a pile of silver coins, take them to a place to sell them, figure in your gas money for your car, travel time, wear and tear on your car, etc., etc. Now will you be making a profit?
I remember the people that invested in Beanie Babies, Hot Wheel red line cars, stamps and lots of other things. Probably would be better off investing in buggy whips. Horses will be back if gas prices keep going up.
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Valued Member
Ireland
498 Posts |
Nice info BST highlanders in baquio exist in their own without relying from the lowlanders,highly and respectable community in their own same as other community in the Phil.
I heard that northern part of luzon have hundreds of diety or gods that they worship hope someday you post those coins in ancient forum so I and others can learn about our past.
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Pillar of the Community
United States
1173 Posts |
Just Carl is spot on...liquidity is a critical component of investing. The more liquid the asset, the easier it is to sell for the money you want for it. "Collectibles" come into and out of fashion. When they're hot, they're very liquid...cool off, however, and they are hard to move for any money, much less the profit you'd like. Semiprecious and precious metals are a hedge against inflation, but seldom outperform a solid stock portfolio over time. Stocks are far more liquid than actual bars of silver or gold. With the advent of the internet and ebay, etc., coins are much more liquid than they once were. |
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Valued Member
Philippines
120 Posts |
hunter20ga, thanks! you enlightened me.
you've got the right word I am looking for.
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Replies: 33 / Views: 3,010 |
Posted 06/04/2007 10:32 am
