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From: dave@cylixd.UUCP (Dave Kirby)
Newsgroups: net.invest
Subject: Re: Investment Coins
Message-ID: <662@cylixd.UUCP>
Date: Mon, 6-Jan-86 15:13:18 EST
Article-I.D.: cylixd.662
Posted: Mon Jan  6 15:13:18 1986
Date-Received: Wed, 8-Jan-86 06:07:42 EST
Reply-To: dave@cylixd.UUCP (Dave Kirby)
Organization: RCA Cylix Communications , Memphis, TN
Lines: 23

>>           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). [KIRBY]

>Oh, were it that easy! ...I can attest to the following two facts:
>	1)  There are no reputable coin dealers...
>	2)  If you don't know how to examine (evaluate) the coins before
>		buying them, you are going to get stuck...
>My standing recommendation re investing in coins is to invest the 
>time and effort in researching and understanding coins before 
>committing any large amounts of $$... [BARR]

Thank you, Mr. Barr, for pointing out the naivete of my first posting;
you have undoubtedly saved me and a lot of others a great deal of money.

So, if one wants to get into coins for purely investment purposes, but
is not bent on being a numismatic, how about investment in uncirculated
coins only? Are there any caveats concerning them?


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