How profitable is it to invest in old coins?
I have collected coins and have studied and written about the many ramifications of rarity and condition, along with supply and demand factors. I will sum up this very complicated investment as simply as I can.
Coin collecting is only for long term investing because of the spread between what the seller gets and the buyer pays.
Some collectors have profited by having coins regraded. That is a process of getting higher condition evaluations. That proves how risky the whole idea of coin investment can be.
Regrading of coins is highly speculative. Especially when the coins are taken from hard plastic casings, for evaluation by grading services. This is done hoping for a higher grade. However, the grade could actually be lowered in the process.
I find that coin grade often is, therefore, too subjective. And only depends on the partisan eye of the buyer or seller.
So, coin collectors, as is the case with all investors, ought to always be careful.
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