For years (1986-2008?), Ellesmere Numismatics constructed an annual list of 635(?) coins with a reason to rise in value. I suspect that most of the coins on that list back in 1989 have not since risen in value. It's a tough game and takes no prisoners. One could arguably say that 20% of the coin market peaked in early 1980, while another other 40-60% peaked in 1989....leaving the remaining 20-40% of higher end/better date/and pop top material to continue on to 2008. And that original list of 635 continually shrinks as pops continue to increase...against a potentially shrinking or at best steady collector/investor base.
Originally posted by: TopographicOceans When ever I buy a coin for my collection I make the faulty assumption that I could sell it for around what I paid for it (at least if I won it at auction) and it would cost me about 10% in fees.
So going into it I'm already down 10%
But since coin collecting is my hobby, I don't really think about what I could sell it for. I bought it because I need it.
That's a First World need for sure. But we all know what you mean, and we are all fortunate that our "need" is not for life's basics.
The Golden Rule: Those with the gold make the rules.
The fact that Tom Reynolds is a friend and fellow hometown dealer doesn't mean I'll be able to afford even one of the coins in his upcoming auction; if that's what you meant. But if anyone thought for a second that his coins are not "good investments" ; well, … you know where I'd put my money. …if I could afford to.
How do you know which coins have "zero investment potential"?
Better answered by you, let us know, you posed the question.
I didn't pose the question, the OP did by implying that one could know which coins have and which coins do not have "investment potential".
Lots of theories abound and always have, but if anyone actually knew the answer I figure they'd be living on a tropical island somewhere and not posting here.
Comments
https://acoinshop.com/ —-> https://ebay.us/m/KxolR5
I buy what I like. I bought a Stella for a long term return and some other crap but it's all for fun in the long run.
My Type Set & My Complete Proof Nickel Set!
When ever I buy a coin for my collection I make the faulty assumption that I could sell it for around what I paid for it (at least if I won it at auction) and it would cost me about 10% in fees.
So going into it I'm already down 10%
But since coin collecting is my hobby, I don't really think about what I could sell it for. I bought it because I need it.
That's a First World need for sure. But we all know what you mean, and we are all fortunate that our "need" is not for life's basics.
https://acoinshop.com/ —-> https://ebay.us/m/KxolR5
Better answered by you, let us know, you posed the question.
I didn't pose the question, the OP did by implying that one could know which coins have and which coins do not have "investment potential".
Lots of theories abound and always have, but if anyone actually knew the answer I figure they'd be living on a tropical island somewhere and not posting here.
Coin Rarities Online