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|A photo by renjith krishnan via FreeDigitalPhotos|
collection as some sort of investment.
My dad was one of them. He
started to collect coins when he was a teenager. He always claimed that those metal coins will
be worth a lot in years to come. Strangely, he has not sold them, but continued
to collect them, sometimes bidding at online coin auctions website here
to get some precious coins he has his eyes on.
He had intentions of giving the coins to his grandchildren as some sort
he gave me some tips and how-tos on coin collection. He emphasized that building a valuable coin
collection would cost A.LOT. He usually
sets an amount and figure out if he can afford to spend some amount for his coin
collection. If he does, he would usually
check coin auctions here. He also
emphasized that I must have some kind of ultimate goal if I were to embark on a
coin collection frenzy. Do I want them
to be family heirlooms or as some sort of investment which can be sold in the
future at a much bigger value? He also
told me that there are a lot of fake coins out there! He told me that if I am serious with
coin-collecting, I should study the hobby first, educate myself by reading
books and other references, and be discerning to determine if I am getting the
real deal or not.
hobby which some investors claim could tide you over “biggest crashes in world
history”, I think the amount needed to spend on this hobby is extremely
daunting for me. I would probably take
up the hobby when I will have lots of extra cash. As of now, I will just stay with investing at
the stock market.