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5 worst coin investments
tahoe98
Posts: 11,388 ✭✭✭
imo. "government is not reason, it is not eloquence-it is a force! like fire, it is a dangerous servant and a fearful master; never for a moment should it be left to irresponsible action." George Washington
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PCGS Registries
Box of 20
SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
They owe us 2 more examples!
Collector since 1976. On the CU forums here since 2001.
Another recent favorite of mine is the ad for colorized $2 bills.
Don't buy coins advertised on television.
The Mysterious Egyptian Magic Coin
Coins in Movies
Coins on Television
The battle scars of all the good times
they try to sell to eventually that are the bad guys because they offer so little if anything. I think that most
people that have made it here already know everything they said.
"Bongo hurtles along the rain soaked highway of life on underinflated bald retread tires."
~Wayne
wiki
yes, that is about her, though she disputes some of the facts. She has certainly turned her life around. One can only hope that some of the crazies here can turn their lives around as well.
that is a very old article.
1) Coins are NOT investments for 98% of the people who try to do this. If you want to lose money, 'invest' in coins.
If you want to risk losing much of your money in numismatics, I suggest the following
a) Buy finest known Moderns. Remember the finest known full bell MS 66 53 S Franklin?
b) Pay huge multiples of sheet for toned coins. Ie., paying $3,000 for a colorful Morgan in MS 65 which is worth $100 if it is a white coin. The market for these coins is limited.
c) Buy colorful coins because you think they are pretty. Chances are many of them are AT.
d) Buy coins because you have the money to buy them or because you haven't bought one in awhile. If you don't know what "buyer's remose" means, you'll find out soon enough.
e) Buy coins in a series in which you are not familiar. See comment re item d).
f) Buy a coin without getting a second opinion from someone who knows more about said coin / the series / than you do.
g) Buy coins from entities / people you haven't checked out beforehand
"Seu cabra da peste,
"Sou Mangueira......."
<< <i>Susan Headley, the author of that article has lead a very "colorful" life
wiki
yes, that is about her, though she disputes some of the facts. She has certainly turned her life around. One can only hope that some of the crazies here can turn their lives around as well.
that is a very old article. >>
Sounds like she was a lot of fun back in the day...
I consider myself a crazy
Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat
FS 2006 Reverse Proof AGE (sell within a week of receiving),
2006-W Silver Anniversary Sets (sell within 6 mos.),
2008-W Gold Buffalo Sets (sell whenever),
2008 Reverse of 2007 (buy direct from the Mint),
2010 ATB's - sell now or soon!
Miles
EDIT: Meant to quote Elcontador
<< <i>Sound, sound advise, but I do admit to knowing next to nothing about the " modern " market or buying direct from the mint.
EDIT: Meant to quote Elcontador >>
The modern market is a good way to fund a private collection of oldie but goodies.
Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat
<< <i>How old is this? He said silver was $11 an ounce when he was writing it. >>
...i don't know how old the article is but susan e-mails me these tips from time to time and i thought it might
help some of the crew here.
That's "Hedley"
"Keep your malarkey filter in good operating order" -Walter Breen
<< <i>I'll take the topic one step further.
1) Coins are NOT investments for 98% of the people who try to do this. If you want to lose money, 'invest' in coins.
If you want to risk losing much of your money in numismatics, I suggest the following
a) Buy finest known Moderns. Remember the finest known full bell MS 66 53 S Franklin?
b) Pay huge multiples of sheet for toned coins. Ie., paying $3,000 for a colorful Morgan in MS 65 which is worth $100 if it is a white coin. The market for these coins is limited.
c) Buy colorful coins because you think they are pretty. Chances are many of them are AT.
d) Buy coins because you have the money to buy them or because you haven't bought one in awhile. If you don't know what "buyer's remose" means, you'll find out soon enough.
e) Buy coins in a series in which you are not familiar. See comment re item d).
f) Buy a coin without getting a second opinion from someone who knows more about said coin / the series / than you do.
g) Buy coins from entities / people you haven't checked out beforehand >>
I think that many of the folks who are regulars on the big moderns thread would tell you that, if you pay close attention, some modern issues are phenominal investments! Some examples: the 20th anniv. ASE and AGE sets, many of the 2008 W issues, ASE '08 w/rev. of '07, Julia Tyler First Spouse, the 5 0z pucks, etc. I have been able to make a very substantial sum flipping these types of moderns. Some of which I've used to by classic coin and currency issues that I like and some to invest and enjoy. 2008 was just an incredible year for the modern investing and flipping. I've found that both flipping and holding (of course you've not made anything until you sell) select modern issues has been a great and fun way to diversify and to earn some great returns in an otherwise lousy economy.