Would coins be a good investment?

Question

If I bought 2006 silver eagle proofs.
or if I bought 2006 gold eagle proofs?
Back in 1991 I bought $100 worth of non-proof silver dimes/half-dollars last week I sold them in the rich part of town. She gave me $100 for them :( So anyway would proof silver/gold coins be a good idea? Any help would be great..Thank you!

Answer 1

First, I would suggest gaining some knowledge. Subscribe to Coin World. Check prices on eBay and Coin World' site. Also be aware of the volatility of the bullion (gold & silver) market.

Do NOT buy stuff from TV channels selling coins. Overpriced and overhyped. For example, no collectors/investors are interested in colorized coins or gold or platinum layered coins. Pure junk!

Be wary of some coin dealers. They typically buy low and sell high. That's why I like eBay for selling my coins.

Proof coins are one option for you. Buy them from the U S Mint, not a dealer. Some proof sets have risen in value but often it is a crap shoot.
Bullion coins are another option. Generally speaking, bullion coins are not directly available from the mint unless you're a coin dealer. Remember Canada, Mexico, Australia, Great Britian, etc., all offer nice bullion coins.

There are a number of reputable coin dealers that could advise you in building a coin investment portfolio. Check for them in Coin World magazine.

Answer 2

there is no such aspect as a "genuine looking" funding. each funding has a good fee or a nasty fee. very last 12 months at the same time as silver replaced into about $17 / ounce, silver replaced into priced nicely. At $29 / ounce it may't be good. notwithstanding, both way, i does not purchase money. i ought to purchase silver bars (Engelhard or J & M). they have been assayed, so there is no probability of being scammed.

Answer 3

No.

If you want to invest in Silver then open a brokerage account and invest in the iShares Silver Trust.

Answer 4

PRECIOUS METALS GO UP AND DOWN....
WHO KNOWS..............