- Coin Investing, the 3rd Year secret - Featured Article
US Mint Coins for 2009
World Coin Mints
Part 1 of 2
Investing in Coins – The 3rd Year secret!
Many a coin collector or coin investor starts out buying coins or proof sets from the US Mint. “Why not?"
They rationalize this idea by asking themselves “Where else can you buy US coins cheaper than directly from the source that makes them, the U.S. Mint?” They may be right, but often they are wrong. If you like to buy newly issued coins from the mint, read on to learn my secret that may just give you an edge in picking coins that may go up in value.
Truthfully, modern coins often go down in price within a couple years after they are released. Pick up a current Red Book (Guide Book to US Coins and Their Values) or any price guide and check it out. You will often find recent coin sets that can be purchased for less than their issue price. Why is that?
It all boils down to price movement that effects any kind of investment market – supply and demand, with a little case of “coin promotions” thrown in. The coin market, like any market of goods or services fluctuates based on demand from the public and coin dealers, and is influenced by the available number of coins for sale.
Additionally, when a year is over and the government mint has stopped making coins dated that year, mintages or sales figures become known. If a large number of coins or sets were found to have been minted, then coin investment potential is obviously less likely. Coin collectors, speculators, investors, and coin dealers may try to unload high mintage coins even at discounted prices, before prices fall further.
You love the idea of buying coins from the mint. So what are you to do?
If you don’t mind getting it wrong once in a while, and like the idea of coin speculating then here’s the secret:
Buy coins and sets during the third year of issue.
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Above article written by John Lynn - Copyright (c) 2007 - John Lynn All rights reserved.
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