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Investing in Coins and Bullion Thread, Do you invest in coins? in Coin Forums; For me....Fun can have a prise but truly speaking Hobby can have value but passion about collecting coins is priceless ...
  1. #21
    Member kokojumbo094's Avatar
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    For me....Fun can have a prise but truly speaking Hobby can have value but passion about collecting coins is priceless for me...I collect coins even though I know its fake coin it is my passion.

  2. #22
    Member Jeff Wuller's Avatar
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    what do you mean by fake coin?

  3. #23
    Member kokojumbo094's Avatar
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    Chinese replica of coins for kids collection...

  4. #24
    Member Lil_Lincoln's Avatar
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    Quote Originally Posted by Jeff Wuller View Post
    I think it is a bit of both. As most I started collecting coins for fun, but let's be honest, getting a return on your hobby is fun as well. I think collecting coins should be a mix of both, the fun factor of collecting something you find pretty or valuable and investing in coins/bullions that could make you profit.
    I agree completely, Jeff. I'll say this much: I collect coins because they appeal to me personally, and are full of history. They are works of art, cultural artifacts even. They're little windows into the past. Plus, I like the idea of trying to complete a set or build a collection with some kind of theme; it's cool to have specific years, designs, or varieties to pursue. But, as several people in this thread have already mentioned, there's another element of fun in finding deals, buying undervalued coins--if for no other reason than it allows you to collect MORE coins with your money! In all of these cases, the profit consideration is secondary.

    Whether or not a coin will appreciate in value is dependent upon the coin--who likes it, how much demand there is for it, etc. The fact is that, over time, highly collectible coins have tended to rise in value. Sometimes, this is purely about prices and wages rising in general due to inflation. Of course, the old adage applies: "past performance is no guarantee of future performance." I guess the broader point is, the coin market as a whole has next-to-zero chance of entirely bottoming out, because old coins are always in demand. Too many people are involved in the hobby for that demand to simply vanish.

    You can absolutely be investing in coins without having that as your underlying goal. Maybe you buy Morgan dollars or Walking Liberty halves because you like them, and 20 years later they're worth more than you originally paid. Maybe less of the coins you bought are available on the market now, or maybe the price of gold or silver rose above the coin's original value. In this case, you've effectively preserved that wealth by placing it in an asset, so you're investing in coins whether or not you actually sell them.

  5. #25
    Member kokojumbo094's Avatar
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    Nicely explanied.

 

 
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