Some call it a hobby. Some call it an investment. I say it's exploding into big profits with small capital amounts. I'll explain what IT is in just a moment, so bear with me. For example, you could invest $59.00 on July 15, 2002 and on July 15, 2003 your investment could have grown to $250.00. That's over a 4 to 1 return. Now what do you think of it?
Oh and better still, the money that you contribute to this particular nest egg has almost no risk. And wow! What about its artistic beauty that reflects historic meaning?
What am I talking about? Rare Modern commemorative U.S. coins. Yep, that's right. This is coin collecting, folks. But not like you might envision. You might be picturing a middle to elderly aged man, sitting quietly at a desk, with magnifying glass in hand, examining some ancient Greek token.
No, this is different. This is even exciting. Don't believe me? Well, take a look at Ebay.
Look up modern commemorative U.S. coin, and watch the incredible tally of listings that appear. Then grab your coin reference book and compare today's winning auction dollars to any of those coins' original issue price. I'll bet for the most part you'll be floored at the difference. Below I'll show you some exciting profits you could make.
Most of today's coin collectors developed the hobby within the last twenty years. Nearly all of the commemorative coins issued in this time period has increased in value. Here are a few examples of coin investments which have some collectors smiling: the 1995 Tenth Anniversary of the American Eagle coin set (issue price $995.00, current value $3,600.00); 2000w $10 uncirculated bimetal Library of Congress coin (issue price $235.00, current value $1,100.00).
Last but not least, how about the 2001 Buffalo Dollar two coin set, which originally sold for $59.00? It is now selling as high as $300.00 on Ebay! Let's say you had bought all of the above coins over the six year period these coins were issued. You would have spent a total of $1,854.00 (or $25.75 a month). At today's market value, you would have $7,100 in modern rare coins. All these coins have, at least, tripled in value. I think you're beginning to get the picture here.
Now, does this sound like the kind of hobby for you? Let me give some tips:
- Do a little research on this web site, there are Coin Glossary, Coin Values, Coin Grading and other pages you will find useful.
- Purchase CoinManage - This coin collecting software can be used as a great coin price guide reference. It has detailed information, including mintage values and images for more than 20,000 coins, as well as market prices for these coins in most of the grades, which historical prices!. This is by far the best coin software available for coin collectors.
The beauty of investing your money in coins is that, in a sense, you get to "have your cake and eat it too." Unlike stocks or a savings account, you actually get something beautiful for your money, which you can take out and look at. The old adage in coin collecting is that you can spend every penny you have on your hobby, and still have money left over. If you invest wisely, you can make more than you would in any savings account, and your money is there when you need it, ready to be sold for a nice profit when you need ready cash