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 Replies: 24 / Views: 6,796 |
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New Member
United Kingdom
30 Posts |
Unfortunately, although often touted as being a 'limited edition investment', modern proofs very rarely are likely ever to show a profit over even a lifetime - especially when inflation or erosion of money value is taken into account. The same can be said for those non-coin 'limited edition' bullion sets of small silver ingots (everything from replicas of postage stamps to themes such racing cars, aeroplanes, kings/queens, etc, etc) that were heavily touted a few years ago - the ones where you subscribed over a couple of years and got one a month plus a wood display cabinet. The problem is that the original selling prices had such a high mark-up over bullion content value that it will take generations to catch up.
This all just highlights the problems for anyone looking on coins purely as an investment.
For those who have them, perhaps the best thing might be to put them away for your grandchildren, in the hope that the collector base might have expanded enough by then so that there will be a better market for them. Otherwise just accept that, in most cases, all you will ever likely get back is bullion value. For gold ones, the recent strong hike in bullion values has at least seen a potential profit for those who bought the issues new from the 70s and 80s - but only because gold has shot up so far. Base metal proofs are only ever likely to achieve a fraction of their issue price. Chris Wren
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Rest in Peace
United States
9104 Posts |
Anything you have to be told is an investment is probably not.
Limited editions are typically limited to the number of people in the world who are even remotely interested, plus 50% to be sold to suckers investors.
COA is an easily faked piece of paper telling you that something much harder to fake is real. IOW, if I can fake the coin, faking the COA is child's play, especially since nobody knows what a genuine COA should look like.
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Valued Member
Cyprus
349 Posts |
sometimes it is best to buy the mint products in the second hand market. Unless you can pick the most popular coins and themes.
Edited by Ozzie
03/13/2011 01:14 am
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Bedrock of the Community
Australia
21788 Posts |
Ozzie: You have a valid point. I have an NCLT 5 sovereigns of George V1 in FDC. I really like the coin, that is why I bought it. I was not looking for numismatic value growth. It has not really advanced very much at all in numismatic value since it was issued in 1937. I have had my piece for about 15 years. The sovereign is the one to have from this set.
Why did I get it? George V1 gold is scarce generally, the only other issue of George V1 gold I can think of is the pound and half pound of South Africa. I have the pound.
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Rest in Peace
United States
9104 Posts |
Quote:
The television scamers are making good money on PF69 and PF70 Common Date Material
So-called "condition rarity". Now someone please explain how something can be called rare if 70% of the production run receives a rating of perfect (70). Seems to me that 70 is typical, not exceptional. |
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New Member
United States
4 Posts |
£ - hey, it worked!
Edited by JCM-Houston
03/17/2011 7:58 pm
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Rest in Peace
United States
9104 Posts |
If they installed it when they put together your nincompute, there's a program called character map, which has stuff like ¢ £ ¥ § ‰ © ® ™ ¼ ½ ¾ and funny accent marks and ¡ ¿. I think it's under accessories, but I dragged mine to the start button years ago.
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Pillar of the Community
United Kingdom
2490 Posts |
Trying to make my desk look tidier (yeah, once a decade regardless of whether it needs it or not)I found a Royal Mint invoice from 2000. It's for one Queen Mother Piedfort Crown. £57.45 + £10.05 tax. What are they selling for now? Pretty much the same money. Fortunately this is what I collect, not what I sell. Eleven years stockholding for 0% return isn't my idea of fun. |
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Pillar of the Community
United States
2541 Posts |
I love this stuff, but man the prices are crazy. I've been asking for proof UK coins for birthday/Christmas gifts since its that or a tie and socks! I can't bear to pay the prices myself, but figure if someone wants to spend the money on me, I may as well get something I like!
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Replies: 24 / Views: 6,796 |
First Page
Posted 03/12/2011 05:49 am
