How important is it to you that the coins you buy are a good investment?

It's nice when a coin that you buy increases in value but how important to you is a coin's investment potential? D you ever buy expensive coins without considering future resale value? Thoughts.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
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- For some rarer pieces that I have no intention of selling, investment potential becomes less important to the point I'm consciously bidding moon money.
- For pieces that are more common (using most definitions) beyond a certain price, resale value becomes important to the point of preventing purchases.
- Sometimes I like to think about coins as investments where I'm very interested in financial performance on a annualized basis.
On anything over about $150, I usually will acquire with the hope of store of value.
I don't consider collecting an investment that will increase in value, like a stock, but more like gold, as a store house of value.
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My thought is that, god willing, if I can enjoy some length of life, the coins I collect should prove to be a reasonable investment for my children should they decide to sell them upon my death.
I can only hope that time and eye appeal will be my friend but one never knows how/when a trend can go off in an unexpected direction.
JC
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Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>Investment potential is not on the radar screen when adding a coin to my collection. But with some of my higher dollar coins I am not blind to their asset value if the need should ever arise. >>
+1
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<< <i>How important to you is a coin's investment potential? >>
Not in the least. This is a hobby that has brought me decades of enjoyment. If my coins have value when the time comes to sell, great! If not, so be it.
<< <i>I think it is more important that the coins I buy are not a bad investment, in case I change collecting directions or decide to redeploy the money in the collection for other reasons. I do not expect an investment return, per se. Sometimes I throw caution to the wind and buy the coin knowing that the coin would be difficult to sell at or near the level where I bought it. >>
Good point. You raised a scenario that I never considered. If your interests change you may want to sell those coins that you are no longer interested in to buy those coins in your new area of interest.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>A lot of good thoughts here. I think of my coin purchases as falling into two categories---inexpensive coins that are bought for fun and recreation where future value is a small consideration and expensive coins that become a significant part of my net worth that may have to be sold some day should a financial emergency should arise. I want the expensive coins to hold their value such that I can get all or at least most of my money out of them. Should they greatly increase in value I consider that as icing on the cake. The real value of my coins is the joy they bring me. >>
I think that you summed it up nicely here, too.
I do buy some inexpensive coins just because I like them w/o regard to appreciation potential.
<< <i>I am extremely strict in my buying habits, unless I really like the coin
I can identify with this. It's hard to be totally rational buying coins when emotions get in the way. I'm not sure I want to buy a coin that I don't totally love.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
In the ten years that I have come back to collecting I would say coins have been a good investment, not my best investment (that has always been, and continues to be, Real Estate), but a good investment none-the-less.
What is the value of the enjoyment?
And not to take this too far off what was anticipated with the question, enjoyment leads to longer and more productive lifes
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Actually it does not matter much to me either way, as I do not include coins in my "investments". I think of my coins as a hobby. A hobby that may actually come close to break even for me someday. A lot of hobbies do not come close to doing that.
All the same, virtually every collector yearns for coins at the next higher, unattainable level, while contenting himself with those just within reach. If we could all learn to be completely satisfied with coins we didn't have to reach for......... Now I'm thinking too much.
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I would not sacrifice that boat, muscle car, or SB to buy expensive coins especially if these are marked up in the stratosphere above sheet.
Hoard the keys.
<< <i>Do you own a car? >>
Good point, but I didn't buy my car as a collectible item. A tube of toothpaste also goes down in value after you use it awhile.
<< <i>Finding something that's undervalued is an aim of some collectors (maybe not here). I would never buy something I thought was going to go down in value ... If I thought that, I'd wait awhile before buying it. - Justlooking
<< <i>Do you own a car? >>
- ambro51
Heck JL, what do you do with money then? The unspent dollar - well, some 538% inflation just since I was born. You need almost $6.50 to get what $1 got you in 1969. To purchase what a single dollar in 1913 bought you'd need $23.50 today. But some people still do very well.
I buy and enjoy what I love to the best of my ability as far as quality and knowledge and combining those together within the means of my "budget" (LOL it is very good I find deals...). Let's not remember the "bank" in I Remember Mama! Anyway, that "system" (not a system) seems to work well when time to sell comes. I am finding this even with stuff I bought for myself, paying stronger as a collector. But the inflation has to be factored in - as a believer in vantage I suspect its just a matter of when and where you do that. Sort of like including the BP in your bid and that is that. I will say very plainly I wish I had a better understanding of economics - a small % of what some folks in here understand (the trinity three) would be way more than sufficient. I am sure I am making many mistakes ans missing opportunities. I have had some wonderful experiences and accomplishments too!
My problem is often that I become engrossed in what I am buying and selling and often "sell" myself an item by the time I am done writing the description. Anyone here do that? I always strive to add something new to my auctions, some new aspect of interest (or more). This can mean a lot of searching, looking up dates, things, events, and looking at many images, but it nearly always pays off. Research is good for the mind and the pocket.
Eric
My suggestion to all of us 50 and over folks is to encourage younger folks into the hobby. I give to my employees and friend's children proof sets and whitman coin folders for birthday presents to them as well. This hobby can be very financially rewarding but us collector base but we must bring younger folks to coins. Some of those younger folks will be buying our coins in the future when we want to sell.
Coin collecting is very fun, pass the fun to the younger generation!
<< <i>I find that I will not overpay for a coin so the investment side of me is talking. >>
Collectors that don't care about the investment aspects of coin buying also don't want to overpay since most of us have a fixed coin budget and want to use our money as efficiently as possible so that we can buy as many coins as possible to build our collections.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>
<< <i>I am extremely strict in my buying habits, unless I really like the coin
I can identify with this. It's hard to be totally rational buying coins when emotions get in the way. I'm not sure I want to buy a coin that I don't totally love. >>
I try not to let emotions get in the way when I go after a coin that I need for my collection. If it is a piece that I need for my set (and most likely it would be a one-of-a-kind specimen) then I choose a price I am willing to pay and it may be a nuke bid. Not from emotions, but from a logical view of having the most complete error type set around.
As far as buying coins that I don't love, I buy them all the time, IF they are undervalued.
<< <i>
<< <i>
<< <i>I am extremely strict in my buying habits, unless I really like the coin
I can identify with this. It's hard to be totally rational buying coins when emotions get in the way. I'm not sure I want to buy a coin that I don't totally love. >>
I try not to let emotions get in the way when I go after a coin that I need for my collection. If it is a piece that I need for my set (and most likely it would be a one-of-a-kind specimen) then I choose a price I am willing to pay and it may be a nuke bid. Not from emotions, but from a logical view of having the most complete error type set around.
As far as buying coins that I don't love, I buy them all the time, IF they are undervalued. >>
As a dealer you're going to have a different mind set than that of a collector. Buying a coin that you are planning to flip for a quick profit is a whole lot different than buying a coin that you are planning to keep for a very long time.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Most of the coins that I buy as a dealer are very unique eye appealing coins that I plan to put on my website if I can ever find the time to photograph them.
I am in the process of building UP my very unique inventory.
On a scale of 1 to 10, the importance of my money is 10
The importance of the coin for my money is also a 10
graded silver coins (NEED TO SELL ASAP)
link below
https://photos.app.goo.gl/7bPCP787VCZCCKb67
jeff
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"Sou Mangueira......."
Liberty: Parent of Science & Industry
a good investement in mental health and quality of life? Extremely inportant and every coin I have ever purchased has done its part.