Comments on: Collecting Commemorative Coins for Investment Purposes http://www.consumerismcommentary.com/2006/12/19/collecting-commemorative-coins-for-investment-purposes/ A premiere personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Sun, 08 Nov 2009 07:50:42 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: collectible coins http://www.consumerismcommentary.com/2006/12/19/collecting-commemorative-coins-for-investment-purposes/#comment-121534 collectible coins Fri, 26 Oct 2007 23:08:21 +0000 http://www.consumerismcommentary.com/2006/12/19/collecting-commemorative-coins-for-investment-purposes/#comment-121534 As a kid I made the mistake of polishing all of my coin collection. That devalued them. But they were shiny! As a kid I made the mistake of polishing all of my coin collection. That devalued them. But they were shiny!

]]> By: The Sarcasticynic http://www.consumerismcommentary.com/2006/12/19/collecting-commemorative-coins-for-investment-purposes/#comment-75490 The Sarcasticynic Wed, 27 Dec 2006 00:34:33 +0000 http://www.consumerismcommentary.com/2006/12/19/collecting-commemorative-coins-for-investment-purposes/#comment-75490 I've been collecting coins for some time now, and in fact I am starting to sell off some of my holdings. The thing I don't like about selling coins is that, as collectibles, it's a crapshoot to get what they are "worth," specially since most of my collection is ungraded. I like dealing with precious metals now. An ounce is an ounce and the prices are easier determined. http://1sttimeinvestor.blogspot.com/2006/10/selling-precious-metals.html I’ve been collecting coins for some time now, and in fact I am starting to sell off some of my holdings. The thing I don’t like about selling coins is that, as collectibles, it’s a crapshoot to get what they are “worth,” specially since most of my collection is ungraded. I like dealing with precious metals now. An ounce is an ounce and the prices are easier determined.

http://1sttimeinvestor.blogspot.com/2006/10/selling-precious-metals.html

]]> By: Doobie http://www.consumerismcommentary.com/2006/12/19/collecting-commemorative-coins-for-investment-purposes/#comment-74399 Doobie Wed, 20 Dec 2006 16:17:56 +0000 http://www.consumerismcommentary.com/2006/12/19/collecting-commemorative-coins-for-investment-purposes/#comment-74399 I don't think we'll ever see an age where physical money goes away. As long as there is crime there will always be physical money. It's much more difficult to track, if not impossible. Not only that, but not all transactions happen via check, credit card, etc. What about trying to buy or sell things at a garage sale? You know you're not going to pay with an ATM card, and a check may not be acceptable. I don’t think we’ll ever see an age where physical money goes away. As long as there is crime there will always be physical money. It’s much more difficult to track, if not impossible. Not only that, but not all transactions happen via check, credit card, etc. What about trying to buy or sell things at a garage sale? You know you’re not going to pay with an ATM card, and a check may not be acceptable.

]]> By: Anonymous http://www.consumerismcommentary.com/2006/12/19/collecting-commemorative-coins-for-investment-purposes/#comment-74357 Anonymous Wed, 20 Dec 2006 03:38:09 +0000 http://www.consumerismcommentary.com/2006/12/19/collecting-commemorative-coins-for-investment-purposes/#comment-74357 Investing in coins is only worth it if you are ready to wait a couple of decades, until the value goes up. But then at the same time, you have the inflation eat up your money in such a long time. Investing in coins is only worth it if you are ready to wait a couple of decades, until the value goes up. But then at the same time, you have the inflation eat up your money in such a long time.

]]> By: F2O http://www.consumerismcommentary.com/2006/12/19/collecting-commemorative-coins-for-investment-purposes/#comment-74320 F2O Tue, 19 Dec 2006 19:45:03 +0000 http://www.consumerismcommentary.com/2006/12/19/collecting-commemorative-coins-for-investment-purposes/#comment-74320 The problem with investing in coins now is that everyone is doing it. Unopened mint sets are all over the place. In fact, I regularly buy them for LESS than face value on Ebay. That being said, I do collect them. And like others, the value of the silver and gold has made my collection somewhat resemble an investment. But I do it not for the profit, but because I like the hunt for a particular coin. The problem with investing in coins now is that everyone is doing it. Unopened mint sets are all over the place. In fact, I regularly buy them for LESS than face value on Ebay.
That being said, I do collect them. And like others, the value of the silver and gold has made my collection somewhat resemble an investment. But I do it not for the profit, but because I like the hunt for a particular coin.

]]> By: Matt http://www.consumerismcommentary.com/2006/12/19/collecting-commemorative-coins-for-investment-purposes/#comment-74309 Matt Tue, 19 Dec 2006 16:58:30 +0000 http://www.consumerismcommentary.com/2006/12/19/collecting-commemorative-coins-for-investment-purposes/#comment-74309 I've got to agree with you Flexo, though Coins aren't a great investment they aren't likely to drop in value. A perfectly preserved (mint set) will definitely increase in value over a period of years. Imagine if your great grandfather gave you a collection of mint condition coins from the 1850s? They'd be worth a great deal of money right now. The only real issue here is using coins as a true investment, they won't go up in value in the short term. If you buy coins when you're say 20 they'll be worth something significant only when you're ready to retire. I’ve got to agree with you Flexo, though Coins aren’t a great investment they aren’t likely to drop in value. A perfectly preserved (mint set) will definitely increase in value over a period of years. Imagine if your great grandfather gave you a collection of mint condition coins from the 1850s? They’d be worth a great deal of money right now.

The only real issue here is using coins as a true investment, they won’t go up in value in the short term. If you buy coins when you’re say 20 they’ll be worth something significant only when you’re ready to retire.

]]> By: James http://www.consumerismcommentary.com/2006/12/19/collecting-commemorative-coins-for-investment-purposes/#comment-74299 James Tue, 19 Dec 2006 14:29:23 +0000 http://www.consumerismcommentary.com/2006/12/19/collecting-commemorative-coins-for-investment-purposes/#comment-74299 Flexo, Essentially I agree with your standpoint that coin s can be a money making investment. About 5 percent of my portfolio is in silver or gold bullion and the prices of both commodies have increased recently. Not only can you profit from the increase in value in the underlying metal, the coins are asthetically pleasing, and are fun to look at and talk about. Best, James Flexo,

Essentially I agree with your standpoint that coin s can be a money making investment. About 5 percent of my portfolio is in silver or gold bullion and the prices of both commodies have increased recently.

Not only can you profit from the increase in value in the underlying metal, the coins are asthetically pleasing, and are fun to look at and talk about.

Best,

James

]]>