Numismatics - coin collecting

[Dowdy]

Round Australian 50c pieces that used to fetch $100 years ago are currently bid $135 - for a bag of 20! Very volatile business, coins are

50c rounds were never that high (per piece). They would fetch $100+ if they were proof coins which are only found in the 1966 proof coin set. I got one of those lying around

The key to buying coins is never pay more than the metal value of that coin.

i.e If i buy a a gold coin which is 22ct and weighs 8 grams then you need to work out the gold value for that coin. If you pay more than that well your already playing the catch up game.

Remember if you pay less/or same than the metal value for that coin then the premium on that coin is all "extra". Like anything you make your money when you buy not sell.

That's not the 'key' to collecting coins. You have top follow the market to know what coins will increase in the future. For example, the $10/$25 gold proof kangaroo has done really well in the past and the 2010 edition did really well too. I think it's worth 2x it retail value already.

If a coin sells out in a few hours, as some have, then it's usually a good indication to get the next years edition as soon as it comes out and try and buy as many as you can as those type of coins are extremely liquid and will sell easily if you need the cash.

But my recent purchases have been mainly because i like the look of them. My favourites are the uncut notes - so nice to look at

 

[Ageo]

That's not the 'key' to collecting coins. You have top follow the market to know what coins will increase in the future. For example, the $10/$25 gold proof kangaroo has done really well in the past and the 2010 edition did really well too. I think it's worth 2x it retail value already.

If a coin sells out in a few hours, as some have, then it's usually a good indication to get the next years edition as soon as it comes out and try and buy as many as you can as those type of coins are extremely liquid and will sell easily if you need the cash.

But my recent purchases have been mainly because i like the look of them. My favourites are the uncut notes - so nice to look at

Dowdy the problem with your approach is that if that coin does **** then you could possibly lose money. The way i buy i will never lose a cent (unless the metal price falls through its ass). To me coins are a very long term holder (10-20yrs+). I admit im not an avid coin/bank note collector just purely into gold coins.

 

[Dowdy]

Dowdy the problem with your approach is that if that coin does **** then you could possibly lose money. The way i buy i will never lose a cent (unless the metal price falls through its ass). To me coins are a very long term holder (10-20yrs+). I admit im not an avid coin/bank note collector just purely into gold coins.

Then if you're into gold coins, get the kangaroo gold proofs as soon as they come out as proof coins never sell below bullion value and are always the most desirable

 

[Goldy]

I adore those rare beautiful hard-to-find coins, but don't really see the point of buying them.. They are much more expenive than the actual gold price per oz. Great for those who already stacked a pretty big amount of PM

 

[So_Cynical]

As of last week im a coin collector i walk past Downies to get to work sometimes and they had a sale on this week and i had time to kill before my train so - now im a collector, bought 1 cheap silver Roo on Tuesday and now i can't help myself, have 4 already.

The internet and collecting are made for each other.

 

[Knobby22]

I would love to own a Roman coin. 2000 year old coins are just amazing.