Coin collecting is a $10 Billion dollar a year industry in the United States alone, and the world wide figure is somewhere around $100 Billion dollars a year. It is one of those hobbies that does not immediately pay dividends, but whose value is paid out fully in decades to come. It's a way to store wealth, it's patriotic, it's a way for a 70 year old grandparent and a 7 year kid to relate. You see coins transcend decades, centuries, and of course generations. Sets can become family heirlooms, a roll of coins or proof set today may help pay for a family members college 100 years from now. Why leave your family "cash" that can easily be blown on a whim, when you could leave a collection you have built piece by piece. Something your family can cherish for generations, and if hard times come like they do so often the collection will provide a bit of security.
We wanted to look at Coin Collecting as an Investment. Investing time and money into a coin collection is not a short term way to "flip" some money. It's a long term thing. Old rare coins always bring many times there face value. Many financial advisors are suggesting that you store between 5-10% of your investments in rare coins and precious metals. Doing so will help give you and your family a bit more security, and a great foundation for wealth building. Even when the stock market tanks, your coins will hold there value and in many instances increase in value as investors rush towards commodities. It's a great hobby that pays dividends.
