Rare coins as an investment have not been so widely pursued until recently. Unlike other collectibles, which have seen price bubbles enlarge and burst, coins have endured for generations because of their precious metal content. The likelihood of the value of a gold or silver coin going down in value to zero is, quite frankly, zero. That’s because gold and silver as precious metals will always be worth something. In fact, gold is a universal currency with more respect than any cryptocurrency by hordes of smart investors.
BITCOIN, STAMPS, SPORTS CARDS OR GOLD COINS?
Bought some Bitcoin at $68,789.63 per coin in November 2021? When Bitcoin was at its high, gold was $1,808.96 per ounce. Bitcoin is down 60%, but gold held its own and is now hovering around $2,000 per ounce.
The likelihood at some time in the future of a collectible stamp or a collectible doll or a collectible antique table or any of the other non-precious-metal-containing collectibles offered by the millions on eBay going to zero or near zero is a real possibility. If the collectors for those collectibles disappear, the items have no intrinsic value and could become unsaleable.
Modern sports cards, as popular as they are now, could easily see a major downward price correction. They’re not made of gold; they’re made from cardboard, and their high values seem like a product of hot air.
Over the last 20 years, the collectible postage stamp market has virtually evaporated. That’s because stamps are made from paper, and collectors’ interest in stamps is waning. Only in the last few years during the pandemic has stamp collecting seen some signs of life.
هذه القصة مأخوذة من طبعة August - September 2023 من COINage Magazine.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة August - September 2023 من COINage Magazine.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
13 Kenny Duncan Sr.
NUMISMATIST OF THE CENTURY
1935 Bank of Canada $500 English Text Boosts Heritage's World Paper Money Auction to Nearly $2M
Currency from Canada showed its might in the Heritage’s World Paper Money Signature Auction held earlier this year.
Central States Numismatic Society Honors Dennis Tucker
Publisher/author receives 2024 Q. David Bowers Award
GOLDEN OPPORTUNITIES FOR THE HOBBYIST
JOINING THE NATIONAL COIN CLUB AND WATCHING GOLD
Dwight N. Manley
NUMISMATIST OF THE CENTURY
Len Augsburger
IN CHARGE OF DIGITIZING EVERYTHING NUMISMATIC
New Photo Guide to Grading Morgan Silver Dollars
SECRETS OF THE CAC GRADING SYSTEM
British Rarities Are Shining Star
AUCTION FEATURES PEH COLLECTION HIGHLIGHTS
Coin Learning for Fun & Profit
ARE SUMMER SEMINARS THE FUTURE?
Canadian Coins Are Pretty COOL Eh?
Oh, Canada... The land of ice hockey, poutine, and Tim Horton's coffee has produced scores of beautiful coins that make collectors flip their toques.