There is actually money to be made in Mint issues
Bear
Posts: 18,953 ✭✭✭
Many members of this Forum made money on a number of Mint issues in 2006
and to a lesser extent on some 2007 issues. That money represents funds that
can be stored away, spent on classical or other modern rarities or kept in the
Mint issues with the knowledge that you made a score. This comes about because this
Forum has many astute collectors and specialists that track new Mint issues and look for
developments that indicate unusually low mintages or special situations that would favor
profitable purchases. Some years are very good and some years are not so good, for such
scores. The nice thing is,that Forum members are kind enough and decent enough to share
their insight with the rest of us. To be a regular member of this Forum pays on so many different
levels, that it is one of the best methods in town ,to stay on top of what is happening and why
it's happening in the coin hobby.
and to a lesser extent on some 2007 issues. That money represents funds that
can be stored away, spent on classical or other modern rarities or kept in the
Mint issues with the knowledge that you made a score. This comes about because this
Forum has many astute collectors and specialists that track new Mint issues and look for
developments that indicate unusually low mintages or special situations that would favor
profitable purchases. Some years are very good and some years are not so good, for such
scores. The nice thing is,that Forum members are kind enough and decent enough to share
their insight with the rest of us. To be a regular member of this Forum pays on so many different
levels, that it is one of the best methods in town ,to stay on top of what is happening and why
it's happening in the coin hobby.
There once was a place called
Camelot
Camelot
0
Comments
Terry
2001 Buffalo S$1
2001 CVC G$10
2006 ASE Sets
2006 AGE Sets
2006-W Plats
2006-W AGEs (Hey, these only held their value!)
Hoard the keys.
<< <i>I could not agree more >>
Absolutely. I've learned a HUGE amount from all of you guys and gals--and have a whole lot of fun in the process! Now Bear, when did you say my First Spouse bronze medals are going to pay off???
in our lifetime, perhaps even longer.
Camelot
I knew it would happen.
With precious metals going up in value and the many new collectors
coming back to this hobby one would have to make very bad decisions
to even lose money.
I think the people who continue to make money from this point on
are the wise old bears. A high tide raises all ships so I am very curious
to see what happens when the low tide arrives.
The mint is pumping out so many coins that one has to be quite
wealthly to keep up so collectors are going to become very selective
in a very short time.
Many may give up in frustration when they learn the mint sells out
and they have to chase after coins in the after market at sizeable
mark ups. I see a slow decline coming that may have a shocking
bottoming out if the metals decline in any sizeable percentage.
Nothing hurts more then buying gold at a large premium to its intrinsic
value only to see gold fall by 100 dollars in a month.
interesting post that goes against my common sense. I have seen
too many hobbies tank in the most amazing ways for a lengthy
period of time.
Four years ago, a number of Forum members began
issuing warnings about real estate bubbles, declining dollar,
hidden inflation, off shoring of industrial and service jobs and food
and fresh water shortages world wide. There is risk in all things and
the measure of risk is directly dependent on the potential for gain. The
two key factors in the emotional fluctuations of investment values is
and has always been, greed and fear.
Camelot
and they have to chase after coins in the after market at sizeable
mark ups. I see a slow decline coming that may have a shocking
bottoming out if the metals decline in any sizeable percentage.
Nothing hurts more then buying gold at a large premium to its intrinsic value only to see gold fall by 100 dollars in a month.
fc - this is simply vindication time. If you have a 5 year horizon, or longer and happen to buy modern bullion coins (for instance), the rising market right now is exciting, for sure - just as it is for those who might only have a 3 month time horizon.
The big difference here - is that those coins bought 5 years ago won't be affected by a $100 drop in gold or platinum. The reasons for buying them haven't changed. The government is still printing money, only faster now. Price swings don't matter. Collector premiums are only icing on the cake.
The long term view requires a committment. If you miss a hot issue because the Mint acts capriciously, it doesn't matter. There will be more. If you follow a plan long enough, before you know it, it becomes a meaningful stash, with bonuses along the way.
I knew it would happen.