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From: gadfly@ihuxn.UUCP (Gadfly)
Newsgroups: net.invest
Subject: Re: Investment Coins
Message-ID: <1302@ihuxn.UUCP>
Date: Tue, 31-Dec-85 13:01:57 EST
Article-I.D.: ihuxn.1302
Posted: Tue Dec 31 13:01:57 1985
Date-Received: Wed, 1-Jan-86 01:04:29 EST
References: <23300005@uiucuxc>
Organization: AT&T Bell Laboratories
Lines: 23

--
A good friend of mine has accumulated an extensive collection
of ancient (Greek, Roman, Byzantine) coins.  I asked him about
numismatics as an investment, and his advice was to get into
coins only if I wanted to collect them.  As an investment (says
he), the return is not that great overall, and you've got
to follow the market and the catalogs very closely.  Apparently
a coin's value is all in its quality rating, and these are
highly subjective.  For a while, many large corporations were
buying whole coin collections, driving prices very high, but
they've apparently stopped.  So, the market now is what it
used to be--other collectors, whose tastes may be very fickle.
I had asked my friend if there was a particular type of coin
or particular coin itself to invest in.  After the above schpiel,
he said, "so you might as well buy Maple Leafs--their future is
anybody's guess, but at least you'll know where you stand."
-- 
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