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 Replies: 40 / Views: 7,369 |
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Valued Member
United States
57 Posts |
Chinese coins. Next 20-30 years for investment purposes? The last coin I would pursue is a US coin. I say this as a proud resident and citizen. Our coin collecting population is unemployed, bankrupt and unable to make ends meet, and our children, growing up in a shrinking service economy that does not manufacture things, struggles to appreciate tangible collectibles. Serious US numismatists will be dead or dying in 30 years time, and coins of numismatic value will see their inflation-corrected value crash hard as wealthy foreigners take a fancy to Indian or Chinese numismatic charms and history while Liberty, Abe and Washington visages on our coins become synonymous with "dying empire." I collect US coins out of passion, fully expecting them to lose considerable value over my lifetime. Sorry to be so bleak but I think it is important, when investing, to not be colored by passion or pride. Edited by swiego
12/15/2010 12:37 am
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Bedrock of the Community
United States
11951 Posts |
Conder101 said Quote:
You should check that assumption. the ones that go up by the greatest percentage actually tend to be the keys in VF - AU. The op coppertop5150 started out the thread talking about coins from 2009-2010, buying sets from the mint. So I was talking about new modern coins. In my opinion, talking only about new coins that come from the mint. Between Proof coins, Satin coins and business strike coins and the price that you have to purchase them for. The ones that will increase the most in most cases wil be business strike coins in higher grades. Yes this is just my opinion. Edited by GR58
12/15/2010 07:56 am
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Valued Member
United States
373 Posts |
I keep thinking about that Twilight Zone episode where those guys freeze their bodies and come out 100 years later assuming their gold would be worth something, and they find out gold is not worth anything 100 years later. Remember that episode?
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Bedrock of the Community
United States
10284 Posts |
I would tuck away as many high grade semi key and key date Jefferson nickels, also high grade War Nickels and those full step examples that are hard to find in high grade. Oh wait, I am already doing that.  Actually, I think many pre 64 quarters in MS-65 and Franklin halves are still at excellent buy levels. I would think that many of those who got into collecting these new quarters will someday work their way backward through the clad and into the 1964 silver and earlier. The easier to find Full Bell Line and Cameo Franklin's that have not gone out of site today will in the future. |
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Valued Member
United States
206 Posts |
I would and do invest in silver us mint coins as close to spot silver as one can get, you have two hedges here, silver and numismatic and the down side is just silver going south.. Stay away from 1965 to present proof silver coins as they can look similar to the clad. unless bought in unopened sets but then you are moving away from your silver spot...Direct from a coin show or shop has been my best luck...
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Valued Member
United States
139 Posts |
I know this isn't the place but you guys keep talking about it. CD's. Banks have them...but what to they actually do. I am in College and Home Ecc classes don't teach this stuff any more.
As for coin for investments, don't you all keep telling me thats not what its all about?
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Pillar of the Community
 United States
958 Posts |
Yes the thread was " todays coins " for 20-30 yrs down the road
The coins as of recent 09-10 still avail from the mint.
Silver proofs,proofs,business strikes,special coins,limted coins
Things that can be had today on the cheap that would be worth alot in the future.
By alot I dont mean millions. But say a 10-20$ set might be worth 40$ or so , in the near future
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Bedrock of the Community
Australia
21788 Posts |
Now I will come out of left field.
I love coins. But they are NOT the best investment.
The best thing you can invest in is yourself.
Sometimes that means spending money, sometimes it means time, sometimes it means patience, and it usually means effort. All of those things suggest educating yourself. That is what I did after leaving high school through to the time my first child was born. Then all of the above mentioned resources were spent on my wife and family.
"The roots of education are bitter, but the fruit is sweet" (Aristotle)
Edited by sel_69l
12/26/2010 06:22 am
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Valued Member
United States
455 Posts |
I am with Jbcuk on future coin production. I believe that most financial transactions will one day be all electronic thus eliminating the need for carrying and using coin or paper money. There will be no need for the mint to strike coinage and our hobby will evolve drastically. All of a sudden there will be a finite amount of coins out there to collect, save and invest in. Values will skyrocket due to the increased demand for the finite coins and there will be a renewed interest in coin collecting in general. Many will get into the hobby for nostalgic reasons while others will see valuable investment opportunities. I don't think that much of this will happen in my lifetime, but over the next 50 to 75 years will be times of changes in life as we know it for better or worse!
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Moderator
 United States
189340 Posts |
Quote:
As for coin for investments, don't you all keep telling me thats not what its all about? That is correct.  Quote:
I keep thinking about that Twilight Zone episode where those guys freeze their bodies and come out 100 years later assuming their gold would be worth something, and they find out gold is not worth anything 100 years later. Remember that episode? Yes I do. We talked about it recently. |
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Replies: 40 / Views: 7,369 |
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Posted 12/15/2010 07:51 am
