The first step of this investment strategy is to buy scarce coins in high grades. This is not as easy as it sounds because there are many coins out there with a low population. So, it is best to only select key dates and semi key dates. Most, (but not all) key dates/semi key dates can be recognized by looking at their book values in “good” grade. They are always many times more valuable then all other coins within their series.
Once you find the coin, you must try to buy the highest grade you can afford. The best part about key dates is that the lower grades also appreciate in value over time. This does not happen with common date coins. So if you can’t buy premium grades, then just try to buy the highest grade you can afford. Don’t worry if you end up buying extremely low grades. The lower grades also have potential.
The last part of this strategy is to wait. You will continually buy coins on a regular basis. But, these coins require a lot of time to appreciate in value. Do expect to wait 5 to 15 years for your coins to go up in value. Coins go up in value on an “as needed” basis. But, it will take a couple of years for it to double or triple in value. That’s because coins go up in value in larger amounts of money as the coins become more valuable.
As you are buying coins, you have to take a couple precautions to make sure you don’t run into trouble. The first is to only buy slabbed coins. So the coins you buy have to be certified either by PCGS or NGC. The second precaution is to beware of common date coins in high grades. They can easily show a population of 1 or 2 coins, but it doesn’t mean that they are rare. It’s because nobody wants to grade worthless coins. I’m pretty sure that their population can easily increase if collectors started grading all their common coins. And lastly, never buy common date or better date gold coins when gold is high in value. Their market values depend mostly or solely on the value of gold. Once gold goes down in value, so do your gold coins.
I personally spend about $300 to $500 a month on coins. It has been 15 years now, and I have spent a total of $74,500 dollars on coin investments. I did a market value assessment of my coin portfolio in June of 2009. It’s currently worth a little above $220,000 dollars. I’m only 33 and all of my coins are tax free. I know that I have an edge because I’m a coin expert. But, you can easily double your money in a conservative 9 years if you follow this guide without making any changes or provisions to the system. I know that this guide could be a bit more detailed, but I think this is more then enough for the newbie to get started in coin investments.
To learn more about rare coin investments, please visit http://coinprofits.com
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