Collector Coins, Worth The Investment? - Page 2

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Author	Replies: 20 / Views: 10,684	Page: of 2

dibby33 Valued Member Australia 465 Posts	Posted 10/07/2009 11:04 pm I started a couple of months collecting coins with the view to making money from it. I used to collect coins when I was young, nothing major. Insteresting hobby to get back into. At least it is difficult to make a loss. :-) Report this Post to the Staff
nohope587 Pillar of the Community United States 5953 Posts	Posted 10/07/2009 11:34 pm As with any investment knowledge is the key. The more you know about your subject the more informed your decisions are. So yes its possible to make a living from coins. Some people are very good at it while other struggle to get by. I would never be able to get a decent return on my investment in coins. Simply because I have no real wish to sell the ones that would produce the best return. Coin collecting is supposed to be a hobby not an investment platform. Once you cross that bridge you become a dealer not a collector. Report this Post to the Staff
latman100 Pillar of the Community Australia 1040 Posts	Posted 10/07/2009 11:41 pm You have to be careful with Aussie coins. Most of our decimal coins you will not make money on. NCLT is hit and miss as to what will be popular and rise in value. Pre-decimal coins you can make money with, but you will need to be buying and selling high end stuff, which means big money. Knowledge is the key, know your coins well, know what people are buying, and buy at the right price to make a profit. Sounds simple, but it isn't. Report this Post to the Staff
dibby33 Valued Member Australia 465 Posts	Posted 10/12/2009 03:25 am strange market - when you can buy proof coins for $2.30 each. I would have thought that they would have been more expensive. ...or am I buying fakes. to the coin man 2mrw for a check. Report this Post to the Staff
Ozzie Valued Member Cyprus 349 Posts	Posted 03/08/2010 12:37 am Silver collector coins that may be a good investment: -Redback -Sapphire Treasures of Australia -Loin Fish 50c Report this Post to the Staff
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