Common coins are a horrible store of value

Comments

• mr1931S Posts: 6,357 ✭✭✭✭✭

  October 30, 2009 2:11AM

  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.

  “I believe in intuitions and inspirations. I sometimes feel that I am right. I do not know that I am. When two expeditions of scientists, financed by the Royal Academy, went forth to test my theory of relativity, I was convinced that their conclusions would tally with my hypothesis. I was not surprised when the eclipse of May 29, 1919, confirmed my intuitions. I would have been surprised if I had been wrong.”

  “Then you trust more to your imagination than to your knowledge?”

  “I am enough of the artist to draw freely upon my imagination. Imagination is more important than knowledge. Knowledge is limited. Imagination encircles the world.”

  Albert Einstein- quoted in Saturday Evening Post interview (1929)

  0
• ksteelheader Posts: 11,777 ✭

  October 30, 2009 2:20AM

  Looks nice to these old eyes.

  0
• nycounsel Posts: 1,229 ✭✭

  October 30, 2009 2:27AM

  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.
  
  

  Dan

  0
• Bayard1908 Posts: 4,080 ✭✭✭✭

  October 30, 2009 2:32AM

  
  
  << <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.

  0
• ziggy29 Posts: 18,668 ✭✭✭

  October 30, 2009 2:35AM

  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.

  0
• BECOKA Posts: 16,961 ✭✭✭

  October 30, 2009 2:41AM

  
  
  << <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.

  0
• lathmach Posts: 4,720 ✭

  October 30, 2009 3:05AM

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

  0
• MikeInFL Posts: 10,188 ✭✭✭✭

  October 30, 2009 3:26AM

  
  
  << <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?

  Collector of Large Cents, US Type, and modern pocket change.

  0
• partagas Posts: 2,056 ✭✭✭

  October 30, 2009 3:28AM

  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.

  If I say something in the woods, and my wife isn't around. Am I still wrong?

  0
• pocketpiececommems Posts: 6,005 ✭✭✭✭✭

  October 30, 2009 11:10AM

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

  Pocketpiececommemoratives
  
  Lafayette Grading Set

  0
• InYHWHWeTrust Posts: 1,451 ✭✭✭

  October 30, 2009 11:22AM

  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.
  

  Do your best to avoid circular arguments, as it will help you reason better, because better reasoning is often a result of avoiding circular arguments.

  0