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 Replies: 22 / Views: 3,562 |
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Pillar of the Community
United States
1804 Posts |
Passing down MAX value to your Grand Children & Great grand Kids. Example: Once there was a time where new (unspoiled) Peace dollars could be had for a buck. Just put them away. If you wanted to pass down MAX value, for your beloved, one might buy mint rolls (or) bags of stuff. With the hope that they just "keep" em for 50-60 years.  I was thinking of Kennedy half dollars in rolls from the MINT. They come in a sealed box.  People who bought the 1964 business Kennedy coins in rolls, are laughing all the way to the bank today.  What are MS++++++ Kennedy coins selling for now, =========>one at a time?  Any thoughts please.  Edited by Domain555
02/15/2014 6:25 pm
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Pillar of the Community
Canada
785 Posts |
But how does inflation affect this...
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Pillar of the Community
Canada
1005 Posts |
One dollar bought 20L of gas in 1953
Today 20L of gas costs 25.00
Is a common silver dollar from that era worth keeping, no.
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Pillar of the Community
 United States
1804 Posts |
Quote:
But how does inflation affect this... Same is Deflation ? |
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Pillar of the Community
Canada
1005 Posts |
Give them an outlook on life.
Determination to work hard and don't complain.
Achieve financial independence through savings and wise investments.
Value family over money.
Teach them everything you've learned and they'll have a pretty good advantage.
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Pillar of the Community
United States
1804 Posts |
Quote:
One dollar bought 20L of gas in 1953
Today 20L of gas costs 25.00
Is a common silver dollar from that era worth keeping, no. You are 100% correct about deflation, inflation, comparing other commodities etc etc. It's all a guess. Are you talking of "common" dollars? I was thinking more about MINT rolls I thing I paid about 82 ea. cents for a Kennedy in a sealed roll. And a little less ea. for a $100 bag The unspoken plus is the fact your down line kin, would know Gran Pa was into coins. They would be able to fondle 'em ... should they wish to. |
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Pillar of the Community
United States
1804 Posts |
Quote:
Give them an outlook on life.
Determination to work hard and don't complain.
Achieve financial independence through savings and wise investments.
Value family over money.
Teach them everything you've learned and they'll have a pretty good advantage. ===============> Work -- save -- invest <================ It done wonders in my family |
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Pillar of the Community
Canada
2805 Posts |
Small face value is supposed to pay off better than large face value. 100 BU 1921 pennies are worth much more than 1 BU 1921 Morgan, right?
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Pillar of the Community
United States
1804 Posts |
(((((((((Small face value is supposed to pay off better than large face value. 100 BU 1921 pennies are worth much more than 1 BU 1921 Morgan, right?)))))))))
Thank you kindly for the heads up!
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Bedrock of the Community
United States
20753 Posts |
If you just think about it, your asking what something is GOING to be worth in the future. And how far in the future are you thinking? IF anyone here could really answer your question, they would have already done many things in the past to get rich now. Coins being passed on to future generations could, might, may be worth more, less, the same. My susggestion is to just invent a time machine, go into the future, get a copy of the Red Book or other coin price guide and come tell us all what is what. Best thing to do with coins is to use them as a hobby. Teach your kids and grandkids what they are and hope in the future they don't end up in a game machine somewhere. |
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Pillar of the Community
United States
4409 Posts |
Quote:
Give them an outlook on life.
Determination to work hard and don't complain.
Achieve financial independence through savings and wise investments.
Value family over money.
Teach them everything you've learned and they'll have a pretty good advantage. Well said. What I remember most about my grandparents is the memories and those you can't put a price on. The material possessions can be gone in an instant. I'm going to enjoy collecting and studying coins and currency instead of focusing on how much $$$ my heirs are going to receive. -MV |
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Pillar of the Community
United States
3184 Posts |
what about all those people that spent a bunch of money on State Quarter rolls? I don't think all of us knows what will happen next |
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Pillar of the Community
United States
1300 Posts |
How many "old westerns have we seen a "cowboy"toss the inn keeper a silver dollar for a few days stay in the top floor room?
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Bedrock of the Community
United States
11951 Posts |
Common coins will always be common, rare coins will always be rare.
IMO .. buying rolls of BU coins today, does not mean they will be worth much in 50 or 60 years. I frequently purchase non silver coin rolls, from the60's and 70's, at or near face value.
There would be a better chance of coins increasing in value if you put away key or semi key coins. Or Silver and gold coins if purchased near bullion value.
Of course who knows what coin collecting will be like 50 or 60 years from now. Will there be more collectors or less ... if I had to guess .. I would say there will be less collectors. If there were less collectors then coin prices may not be good.
I do agree there is no way to know what things will be worth in the future. Even stocks or putting cash away may end up being a bad investment. I am pretty sure if you do not invest in anything you may end up with nothing.
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Pillar of the Community
United States
1804 Posts |
GR58
(((((((((((There would be a better chance of coins increasing in value if you put away key or semi key coins. Or Silver and gold coins if purchased near bullion value.)))))
To buy face new rolls ... I have no idea what would the key dates be.
Guess just keep buying year after year?
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Pillar of the Community
968 Posts |
Numismatics is a hobby. Indulge and have fun.
If you want to create wealth, invest in stocks with good dividend yields and reinvest the dividends. The power of compound interest over a period of 30+ years is nothing short of amazing.
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Replies: 22 / Views: 3,562 |
Posted 02/15/2014 6:23 pm
