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Are Coins????????????????????????????

January 25, 2011 by  
Filed under Silver Investment FAQ

Just a quick questions. I recently received some money from my late Mother’s estate. I was thinking of buying coins, like rare coins, silver, gold, that are rated MS70. Does anyone think this is a good investment? If not, what would be in your opinion. Thanks for your help!

Comments

4 Responses to “Are Coins????????????????????????????”
  1. Eddy T says:

    Gold coins especially.

  2. Gaytheist Buddha says:

    Coin and stamp collecting are usually very poor investments, unless you are very knowledgeable on the subject. You’re better off investing in an index-based mutual fund, such as an S&P 500 index fund.

  3. Richard P says:

    No, dont waste your time with rare stuff, just look for bullion coins that are close to the spot price in gold/ silver.
    These are a much better investment.

  4. liberty 911 says:

    Modern coins certified MS70 are very common these days, and are often overgraded and overpriced. The only certified and slabbed coins I would trust are from NGC, PCGS, and ANACS. Even then you really need to know what you are buying. If you want to start learning about numismatics, a good place to start is the “Red Book” found in the link below. You likely would be better off in a simpler investment of some other sort.

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