If someone asked me back in the 1980s for my opinion about rare coins as an investment, I was all gung-ho on the idea. Not only that, I put my beliefs into action, even to the point where I mortgaged my 1982 Ford Courier pickup to access additional capital for investment coins. (Had the banker known how quickly that truck was to become a rust bucket, he probably would not have granted the loan.)
As the episode described on my home page explains, my misplaced zeal for coin investing led me down a path of disappointment. The joy of coin collecting put my heart in the right place, but lack of experience set me up for a substantial financial loss.
Although this ill-fated start to coin investing was a teachable moment for me, other, even more important lessons were observed in the decades that followed, which brings us to this crucial Rare Coins 101 Axiom...
A corollary to this truth is that because most of us have constrained financial resources to draw from, coins should not be the top priority for sinking our limited investment dollars into.
It might seem odd to some that a website dedicated to United States coins is not actively promoting the sale of any and all coins, but I just call balls and strikes the way I see them.
This is not to say coins have no merit as an investment medium, because the acquisition of certain rare dates can be both rewarding economically and emotionally. Predictably, there is a direct correlation between the level of numismatic knowledge assimilated and the prospect of investing successfully in coins.
In summary, yes, it is possible to earn a profit investing in rare United States coins, but for the majority of people, focus on other investment options first. After that obligation to yourself is met, and you want to move beyond the collector class and "play the market", a research-based purchasing strategy will illuminate a path of satisfaction. That's what this site is for!
Let me explain how I’ve reached these conclusions…
All chapters referenced above are accessible from any chapter in the Rare Coins as an Investment? section. Thus, no need to return to this introductory page to link to other chapters.