Would coins be a good investment?
If I bουɡһt 2006 silver eagle proofs.
οr іf I bουɡһt 2006 gold eagle proofs?
Back іח 1991 I bουɡһt $100 worth οf non-proof silver dimes/half-dollars last week I sold tһеm іח tһе rich раrt οf town. Sһе gave mе $100 fοr tһеm
Sο anyway wουƖԁ proof silver/gold coins bе a ɡοοԁ іԁеа? Aחу һеƖр wουƖԁ bе ɡrеаt..Thank уου!
PRECIOUS METALS GO UP AND DOWN….
WHO KNOWS…………..
First, I would suggest gaining some knowledge. Subscribe to Coin World. Check prices on eBay and Coin World’ site. Also be aware of the volatility of the bullion (gold & silver) market.
Do NOT buy stuff from TV channels selling coins. Overpriced and overhyped. For example, no collectors/investors are interested in colorized coins or gold or platinum layered coins. Pure junk!
Be wary of some coin dealers. They typically buy low and sell high. That’s why I like eBay for selling my coins.
Proof coins are one option for you. Buy them from the U S Mint, not a dealer. Some proof sets have risen in value but often it is a crap shoot.
Bullion coins are another option. Generally speaking, bullion coins are not directly available from the mint unless you’re a coin dealer. Remember Canada, Mexico, Australia, Great Britian, etc., all offer nice bullion coins.
There are a number of reputable coin dealers that could advise you in building a coin investment portfolio. Check for them in Coin World magazine.
No.
If you want to invest in Silver then open a brokerage account and invest in the iShares Silver Trust.