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From: wan@gatech.CSNET (Peter N. Wan)
Newsgroups: net.invest
Subject: Re: Investment Coins
Message-ID: <2372@gatech.CSNET>
Date: Sun, 5-Jan-86 00:45:51 EST
Article-I.D.: gatech.2372
Posted: Sun Jan  5 00:45:51 1986
Date-Received: Mon, 6-Jan-86 03:19:26 EST
References: <23300005@uiucuxc>
Reply-To: wan@gatech.UUCP (Peter N. Wan)
Followup-To: net.invest
Distribution: net
Organization: School of ICS, Georgia Tech (Atlanta, Georgia)
Lines: 33
Keywords: coin brokers, coin newsletters, investments
Summary: Here's what I have heard

Hey, just what I needed....  A lead-in to a question of my own.  This
all started when I got a call from Global Rare Coin, Inc.  They had
apparently gotten my name from a mailing list of potential investors,
and wanted to get me into the coin investment market.

The Global representative then proceeded to point out the benefits of
collecting rare coins, such as 25.7% average annual compounded gain
(return over the past 10 years), high expected future return (according
to them, conservatively projected to be 25 to 30%), free market (no
governmental regulation), supply/demand market, etc.  The mainstay of
their investment vehicles seems to be the Morgan Silver Dollar.  They
were recommending investments with the Morgan, and then planned to
diversify into other coinage, including gold coins after about 18 or 24
months, when they thought that the market might not be so favorable for
the Morgan.

Despite the brochures and other information (some of which I noted
above), I still didn't think that I wanted to step into something like
that without finding out more.  I also wasn't keen on going into
something that I did not have a good background in.  Although they
would provide the advice (help you look at the "Coin Dealer
Newsletter", or gray sheet), do the selling/buying for you, etc., I
wanted to see what other people's experiences were.

Has anyone had any dealings with the Global Rare Coin company?  They use
a coin grading firm here in Atlanta to grade their investments.  Has anyone
had any experience with other coin brokers?  What should I be looking for
when dealing with such people?  If responses are mailed, I will summarize
if necessary.
-- 
Peter N Wan
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