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From: dave@cylixd.UUCP (Dave Kirby)
Newsgroups: net.invest
Subject: Re: Investment Coins
Message-ID: <643@cylixd.UUCP>
Date: Mon, 30-Dec-85 16:17:55 EST
Article-I.D.: cylixd.643
Posted: Mon Dec 30 16:17:55 1985
Date-Received: Wed, 1-Jan-86 00:29:22 EST
References: <23300005@uiucuxc>
Reply-To: dave@cylixd.UUCP (Dave Kirby)
Organization: RCA Cylix Communications , Memphis, TN
Lines: 42

In article <23300005@uiucuxc> rcook@uiucuxc.CSO.UIUC.EDU writes:
>
>Does anyone read this??????

Yes.


>What I want to know is:  what is the best way to go about collecting 
>coins for investment purposes? Is there a good book to read?

Your local library should have several books about collecting coins
for investment purposes. I don't know of any specific book to
recommend. You are basically safe if you stick with reputable dealers
and the MS ratings. That way you don't have to learn how to examine
coins yourself (although it never hurts to know how to double-check
the dealers).

>What I would like to do, is make enough money   
>trading coins to pay interest on the money I
>borrow to buy the coins.
>
>Is all this possible or am I dreaming?

It is VERY possible, considering that the price of many numismatic
coins (especially gold and silver ones) has skyrocketed over the last
few decades, some coins doubling every couple of years or so. You might
consider subscribing to a coin advisement newsletter to get the latest
tips on what coins are most popular or are most likely to become
popular. Be aware, though, that by the time you get the newsletter,
everyone else has gotten it too and will tend to bid the price up before
you get a chance to get in.

From what I have observed, coin collecting is starting to become VERY
popular some among investors, but most investors still haven't gotten in on
it. It appears to me to be a chain-letter scheme that you can get in
on the ground floor on, so it could be a very lucrative field if you
get in before the general public. Just get in in time to be able to
be a seller when the public finally enters the field in droves, and you
can sell to the neophytes at the then-greatly-inflated prices.

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Dave Kirby    ( ...!ihnp4!akgub!cylixd!dave)