/biz/ - Business & Finance

[Anonymous No.1455870]

Is collecting old coins a good hobby to have? I have multiple from the 1800s and 1900s but i'm just wondering if it will all be worth it in the end when I sell or should I just keep them for historical value?

Pic related.

[Anonymous No.1455882]

>>1455870
it doesn't seem to be all that profitable from what I can tell, though coins don't really lose their value either

if you're going to collect coins do it because you like the history or find them aesthetically pleasing, don't do it to make money

[Anonymous No.1455898]

>>1455882
This.

Vintage coins are not very volatile. They're a buy & hold sort of thing for the pleasure of history and numismatics in general.

Your best chance of seriously profiting from coins is if you bought a ton of them and then for some unforeseeable reason, production sharply halted.

The 1933 double eagle is so expensive simply because of FDR's executive order that halted the production of them, save for two official coins to be kept in official storage (Smithsonian I think). Ten escaped the mint illegally, but nine have been seized. The other one was auctioned for millions.

Edward VIII sovereigns should have appreciated considerably as well, solely because he abdicated unexpectedly, serving as emperor for less than a year. This made the supply of bullion bearing his face extremely scarce.

You can't really predict these things. Buying precious metal ETFs is better for speculating, and holding Canadian Maple Leaves with abrasions is the cheapest way to get to the gold spot if you're into that.

[Anonymous No.1456012]

>>1455898
Is there some website to find out the worth of my coins or do I need to see some sort of expert?

[Anonymous No.1456316]

>>1456012
you can get a general idea based on googling the coin and seeing what others are selling it for, but you'll need an appraiser to rate the coin's condition