Why Saving Coins May Not Be A Good Idea.

Yep,

Very nice for your distant heirs ... not so nice for you.

I'll still take the coin.

What will any coins be worth in a few hundred years? Soon there will be no cash, currency of any type. Eventually all monitary systems will be computerized everywhere. No more coins. So any coins left will be super collector items.

thats it I'm selling all my coins and opening a bank account. Nah! I don't do it for investment purposes anyway I do it for the sheer joy of being able to look and hold a piece of history in my hands and be in awe at the beautiful workmanship that went into making these little round objects

Some dealers I speak to are pessimistic about the return on coins. I share that opinion for many coins bought at retail prices--many are in grades that cannot be quickly sold and have unknown collector value in the long-term. The value of some coins may be inflated due to the collecting/hoarding craze since the 90s. Think of those thousands of nearly worthless culls on ebay. For me, there are two ways I enjoy collecting: for their aesthetic value and historical context. Or--for discovering an unattributed rarity. The second is very tough to do, but those discoveries can be very rewarding

Your correct about it coins doing nothing. I been saving susan dollars, two dollar bills , clad halfs for years. They are worth the same but inflation turned them worthless. My bag of susan dollars I bought in 1990 something could have bought more things back in those days. In 2008 I can buy less with same box of coins. My gold coins I bought in 2004 for 350 each. In 2008 I can sell for 800 bucks each in 2008.

So I am slowly turning all my worthless susan dollars , two dollars bills into silver coins that are worth more. I cashed in serval two dollars bills at bank for 65 thru 69 silver halfs my bank had
in stock one day last week. If can turn my hoard of susan dollars , two dollar bills into silver coins I will be happy.

I hope I can keep finding those silver halfs like I been doing in last few monlths at banks. In my spare time I carry an bag full susan dollars, wallet of two dollars bills and hit banks all the time. If I see silver I trade those in for those silver halfs. Maybe my intire hoard of those will turn into all silver half dollars becides worthless susan dollars or two dollar bills I saved and lost money collecting those things.

I feel bad when I see those dealers asking overface on 2 dollars bills, 71 thru 2001 half dollars, baby dollars coins like susan , sacs, presidents . They all worth face value I learned. I saved them for years and in 2007 I called an dealer and he said nobody buys those things over face value. He said spend them. All those years I thought I had an goldmine intill I talked with that dealer on the phone. Its good thing I never bought them overface value in 1990 something when I bought them years ago. I should put them in bank or bought an an us saving bond or anything becides keeping them.

Chevrolet454ss

If you had bought the coin 1830 in MS65 condition for .50 and kept it till now it's worth $13,500 according to PCGS website. So it would be worth 27k times what you paid for it in 1830.

There's no sure-fire way to make money on coin collecting. Heck, you can buy BU rolls of 45 year old Lincolns for $1.50. Great if you're just starting out, but depressing when you think of the five well circulated examples you have from your childhood collection. :)

On a serious note. I think everyone would agree that coins as an investment, if pursued only for investment sake, is not the way to go.

But they're a wonderful investment if you also get enjoyment out of them. You may not reap the same returns as a mutual fund or a high interest savings account. But at least when/if they're gaining value you have something tangible that you love.