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POLL: How much pleasure do you REALLY get out of owning your coins?

MrEurekaMrEureka Posts: 24,253 ✭✭✭✭✭
Let's try to measure it in dollars and cents. Here's how:

Let's work on the assumption that we KNOW that coin prices are going to be completely unchanged for the next ten years.

If you buy coins today, you'll enjoy them starting NOW.

If you buy the coins in ten years, you'll earn investment income for ten years and then get to buy the coins at the same price.

For most of us, if the investment income is high enough, it pays to wait for ten years. The question is "How much would you need to earn on your money to justify waiting ten years to buy your coins?"

Andy Lustig

Doggedly collecting coins of the Central American Republic.

Visit the Society of US Pattern Collectors at USPatterns.com.

Comments

  • CoinosaurusCoinosaurus Posts: 9,625 ✭✭✭✭✭
    Let's see now....if I know that junk silver and gold coins will be unchanged, that means that I can make TONS of money going short on precious metals. Probably enough in one year to buy all the coins I was waiting for image
  • LakesammmanLakesammman Posts: 17,381 ✭✭✭✭✭
    Voted much more. The coins I like may not be available in 10 years and then I'd really be pi$$sed. imageimage
    "My friends who see my collection sometimes ask what something costs. I tell them and they are in awe at my stupidity." (Baccaruda, 12/03).I find it hard to believe that he (Trump) rushed to some hotel to meet girls of loose morals, although ours are undoubtedly the best in the world. (Putin 1/17) Gone but not forgotten. IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Broadstruck, Ricko, Big Moose.
  • PutTogetherPutTogether Posts: 2,141 ✭✭✭
    7 percent is the magic ten year compound interest number. thats where I draw the line.


  • << <i>Voted much more. The coins I like may not be available in 10 years and then I'd really be pi$$sed. imageimage >>


    image
  • Steve27Steve27 Posts: 13,274 ✭✭✭
    I collect coins mainly because of the history and art, so 1% appreciation would be fine.
    "It's far easier to fight for principles, than to live up to them." Adlai Stevenson
  • BAJJERFANBAJJERFAN Posts: 31,082 ✭✭✭✭✭
    Well there is no guarantee that I will have the funds for or the interest in coins 10 years hence. If I can wait 10 years to buy em I can wait another 10 years on top of that which means at my age I would probly never buy another.
    theknowitalltroll;
  • nwcsnwcs Posts: 13,386 ✭✭✭
    Much more than 12%. This collector is one part research with one part impulse buying.

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