A Companion to Rare Coin Collecting - Are Rare Coins For You?

Rare Coin

Are Rare Coins For You?

As with other investments, there are many anecdotes about individuals earning enormous wealth from collecting coins. Yet, even the more believable stories are about people who spent twenty years or more patiently learning and developing their numismatic skills. Unlike stocks or real estate, collecting rare coins requires a deeper commitment to learning and dilligence to augment personal knowledge. For successful collectors, there is an emotional attachment to the art not found in traditional avenues for personal finance. In short, as a serious long-term investment strategy, collecting coins is not ideal for everyone.
There are three important prerequisites one should consider before engaging any investment strategy. The first is: Do I have long-term funds that can be committed for a number of years? The second: Do I have the ability to meet ordinary living expenses with other resources. The third: Am I confident of my knowledge of my target investment?
Having the long-term funds to commit to your investment is particularly important when you consider the nature of rare coins. As with other investments, rare coins require a minimum period of "holding" and, to reap the best investment earnings, timing is essential. Rare coins have demonstrated a pattern of growth spanning many years and, for those "hold" their investments over extended periods, profits are the rule rather than the exception. However, for those expect an immediate profit, the results are often disappointing. Keep in mind that some coins might suffer from overexposure and investors who purchase at the peak of a particular cycle may experience substantial losses if they sell into a softer market.
Meeting your ordinary living expenses is paramount over any investment activity. Never expose yourself to possible losses that could jeopardize your standard of living. Since rare coin investing is a non-income producing asset, it should never be viewed as a "savings account" to dip into as the need arises. While certainly capable of providing strong capital gains, rare coins serve mainly as an excellent vehicle for capital preservation, as well as a hedge against inflation and other forces which erode the value of more traditional paper assets.
Knowledge can mean everything. At least where investing is concerned, knowledge can be your best asset. Being able to "see" a good deal is probably just as important as "smelling" a bad one. Unfortunately, there are always those individual who are eager to feed on the naive and gullible. Nearly all of the horror stories surrounding bad rare coin investments concern people who knew absolutely nothing about what they were buying. Save yourself the grief and learn the basics before you buy.
This text discusses some of the many books, magazines and newsletters that are available on the subject. Reading them will help sharpen your ability to "see" and "smell" the opportunities you may find.


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Rare Coins News
07/23/2017
Police search for owners after rare coins, old checks recovered from storage unit
WEBVTT THEY THINK THEY WERE STOLEN.JONATHAN COOPER HAS MORE ON HOWPOLICE FOUND THOSE ITEMS.JONATHAN: POLICE INVESTIGATORSMADE QUITE THE DISCOVERY WHILESERVING A SEARCH WARRANT AT THISSTORAGE UNIT.THEY FOUND COINS AND CHECKSDATING BACK TO THE 1800S, ANDTHEY ... more info

07/23/2017
PELLA in Macedonia 148BC RARE R1 Authentic Ancient Greek Coin ROMA WREATH i62739
See it here here: http://www.ebay.com/itm/PELLA-in-Macedonia-148BC-RARE-R1-Authentic-Ancient-Greek-Coin-ROMA-WREATH-i62739-/232421552708?hash=item361d677244:g:fkAAAOSw5gxZdPTR eBay Store: http://stores.ebay.com/Authentic-Ancient-Greek-Roman-Coins more info

07/21/2017
Oklahoma City Police Find Rare Coins Stolen from Nixa
OKLAHOMA CITY - Oklahoma City Police are working with authorities in Nixa to solve a crime. Undercover officers found a valuable collection of stolen coins and checks. The rare items were in a metro storage unit. Jennifer Pierce picks up the story from there. more info

07/22/2017
$1 Billion of Historic Numismatic Treasures
DENVER — The World’s Fair of Money® is coming to Denver, Colorado, August 1 – 5, 2017, and the public can see more than $1 billion of historic rare coins and colorful currency including $100,000 denomination bills, Colorado Gold Rush-era coins ... more info

07/21/2017
Internet Auction 970 from David Lawrence Rare Coins: Highlights
Our Sunday Internet Auction #970 is live with a great selection of 310 fresh, new coins, 55 No Reserve lots and 30 Vault Values. This week we also have a fresh group of 25 lovely California Fractional Gold pieces available, all running with No Reserve ... more info

07/23/2017
This incredibly rare Jemima Puddleduck 50p coin could earn you a packet
This special edition Jemima Puddleduck 50p coin could be worth a whole lot more than just 50p. The Royal Mint made much fewer of the Jemima Puddleduck 50p coin when it released its limited edition Beatrix Potter collection in 2016. Collectors lapped-up the ... more info