Common coins are a horrible store of value

partagas

I recently purchased a seated dime from my favorite local dealer for $75. It is a very nice coin PCGS rattler graded AU55. So I wanted to see how I did on the purchase so I looked up Heritage's archives and found the same coin sold in October of 2000 for $86.

Not only did the coins price fall, but consider what a 2000 USD bought versus today. The Euro was .85 to our once mighty dollar back in October of 2000. Now Nine years and trillions more in debt, the euro commands $1.48.

With that said why do I still buy common coins and get can't collect enough them? I guess I am an incurable addict.

Herritage 1885 dime

mr1931S

recently purchased a seated dime from my favorite local dealer for $75. It is a very nice coin PCGS rattler graded AU55. So I wanted to see how I did on the purchase so I looked up Heritage's archives and found the same coin sold in October of 2000 for $86.

Looks to me like you did very well on this one.

ksteelheader

Looks nice to these old eyes.

nycounsel

It's all a matter of perspective.

From the October 2000 seller's perspective, it's even worse considering transaction costs (Heritage fees, shipping, etc.).

From the person who picked it up in pocket change, $75 is a nice return on the 10 cent investment, even accounting for inflation.

Bayard1908

<< <i>From the person who picked it up in pocket change, $75 is a nice return on the 10 cent investment, even accounting for inflation. >>



It's only a 5.5% annual rate of return.

ziggy29

Make this a common date P-mint coin and not much has changed in a decade. Make it an early S-mint or an early CC-mint dime, on the other hand, and 2000 prices would seem dirt cheap.

BECOKA

<< <i>

<< <i>From the person who picked it up in pocket change, $75 is a nice return on the 10 cent investment, even accounting for inflation. >>



It's only a 5.5% annual rate of return. >>



Many would kill to get that rate of return on today's investments.

lathmach

Gee thats funny.
All the Seated Quarters I bought back in 2000 have went way up in price.

Ray

MikeInFL

<< <i>Gee thats funny.
All the Seated Quarters I bought back in 2000 have went way up in price.

Ray >>



How many of them were common?

partagas

Yes Ray your seated quarters have done very well. But I would bet most of the ones you bought are better dates our rare varieties. Even the common quarters ie 1857's did little to change over those same years.

pocketpiececommems

And you did not have to pay a buyers fee of 15% which makes it even better.

InYHWHWeTrust

I did really well when selling my common coins last year, purchased in 2004. I was shocked and wish I had more examples of easy to find 'key' date coins in the Lincolns, Barbers, , etc.