Posted 02/09/2009 12:14 am
Well, your use of the term "investing" invokes a certain reasoning that you wouldn't use in "collecting."
A quality investment has a component of demand - you won't make money down the road if nobody's interested in buying the thing. Of course, in this case, you're guaranteed not to lose money on your investment (
), but it seems to me that you'd be looking at a pretty long term before you see any real gain. This is balanced by the idea that I suspect very darn few people are putting notes away for posterity, not even note collectors.
Morgans (as an example) are, on the other hand, a commodity which is already trading at an inflated value over face. A savvy Morgan purchase today could net you a profit next week if you sell, and demand is established. Their appeal is immediate, and likely to grow in the short-term as anxiety causes people who would not have dealt in them before choose to hedge their investments with rare coins.
Me? I'd only be in favor of such an "investment" if my plan for them encompassed a term of over twenty years plus.
A quality investment has a component of demand - you won't make money down the road if nobody's interested in buying the thing. Of course, in this case, you're guaranteed not to lose money on your investment (
), but it seems to me that you'd be looking at a pretty long term before you see any real gain. This is balanced by the idea that I suspect very darn few people are putting notes away for posterity, not even note collectors.Morgans (as an example) are, on the other hand, a commodity which is already trading at an inflated value over face. A savvy Morgan purchase today could net you a profit next week if you sell, and demand is established. Their appeal is immediate, and likely to grow in the short-term as anxiety causes people who would not have dealt in them before choose to hedge their investments with rare coins.
Me? I'd only be in favor of such an "investment" if my plan for them encompassed a term of over twenty years plus.
