Are silver american eagle coins good as an investment?
I’m חοt talking аbουt investing hundreds οf dollars οח tһеm. Wһаt I аm saying іѕ, уου hear a lot οf people saying a today isn’t going tο bе worth аѕ much later rіɡһt? Well іf I wеrе tο рυrсһаѕе a Silver American Eagle coin tһіѕ year, wουƖԁ tһе οr ѕο dollars spent οח іt bе better served tһаt way οr јυѕt being saved аt home.
Not really.
Coin collecting is more like baseball cards – occasionally you’ll get something in your collection with several times the face value. Usually you strive for coins that are rare but not necessarily valuable.
An example would be an Indian head penny from the 1800’s. It’s not something you’ll find every day but it’s not worth much more than it’s face value. Even though it’s at least 100 years old there were still plenty minted and enough out there that the value has increased so little.
You would get a better return rate by investing $100 in a certificate of deposit at an FDIC insured financial institution. In 3 to 6 months you could almost double it depending on where you lived and who your account was with. Then reinvest it again for a longer time and higher interest rate. Keep going.
Coin-wise what’s hot right now are the presidential dollar coins. There has been talk of doing away with the Sacagawea and Susan B. Anthony coins in addition to minting comemorative coins on all the presidents.