Gold and Silver

Gold and Silver

WierdAl WierdAl
Does anyone collect Gold and or Silver coins as an investment? I was cleaning out a barn a few years back and there was a cigar box full of silver quarters. I went to cash them in a year ago. I was told what they were worth and I decided not to sell them. The value keeps going up.
Answers (private voting - your screen name will NOT appear in the results):
Gold coins, bars etc.
4
Silver coins, bars, etc.
8
None of the above.
41
Other
3
Total votes: 56 (52 voters)
Poll is closed
09/25/2011
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Quote:
Originally posted by WierdAl
Does anyone collect Gold and or Silver coins as an investment? I was cleaning out a barn a few years back and there was a cigar box full of silver quarters. I went to cash them in a year ago. I was told what they were worth and I decided not to sell ...
You REALLY might want to sell them NOW. Uncertainty in the marketplace has caused GOLD and yes, even silver, to really rise. It is highly likely that after the next election, there will be a huge infusion of "certainty" and improvement in the overall economy and gold and silver will both plummet again, as they are "worried hedge bet" value investments.

You need to do what works best for you, but I would sell at least half. OR, I would sell them all and use half the money to buy some currently VERY cheap, blue chip stock and watch IT go way back up when the market turns.

Good luck!!! Congrats on your great find.

OH....BEFORE you sell them, make sure you don't have any SPECIAL DATES in there. Those may be worth FAR more numismatically, to collectors then just the silver value.
09/25/2011
Ansley Ansley
I have one coin. It's a 1921 Morgan Silver Dollar. It's worth approximately $43. I think that's kind of cool, but collecting anything isn't really my cup of tea anymore.
09/25/2011
Illumin8 Illumin8
Used to have a pretty decent coin collection, but I sold them a while ago.
09/25/2011
Rossie Rossie
I don't collect coins, but I do have pure gold jewellery in my safe deposit box.
09/25/2011
Howells Howells
Now it can be a good time to buy gold and silver. It'll only continue to rise from this deep point. It might be close to the bottom then $2000 is up, I believe. However USD is getting stronger as EU is having a hard time this shows in metal prices falling because they are compared to USD! Good new to those who keep USD and not stocks or gold.
09/26/2011
Taylor Taylor
I don't collect the coins, but I do have a bunch of silver coins that my grandparents had. I know they are worth a few hundred dollars, but I don't want to sell them unless I absolutely need the money. I think I would have to be pretty desperate for money to go and sell them.
09/26/2011
P'Gell P'Gell
I have some silver. Quite a bit, in the box at the bank. One gold coin that I cannot find.

Gold went down $100.00 last week, so you may want to do it quickly.

My problem is, I don't know where to sell them so I don't get reamed. Anybody have any suggestions? I will NOT do it online. But, what kind of dealer is the best for this kind of investment and who will I get the best deal from?
09/26/2011
unfulfilled unfulfilled
I don't collect coins, but have some silver dollars passed down, but I would NEVER sell them.
09/26/2011
Envy Envy
I don't but my dad collects coins and all. I'll be getting them when he passes.
09/26/2011
Nora Nora
We don't collect them, but a few years ago at Christmas, my boyfriend's parents decided that both of their son's families "should", so they gave us silver coins (gold was a little too far out of their budget for gift giving). So, we have them, but "we" don't collect them, lol.
09/26/2011
Wildchild Wildchild
Beware the tv and news paper ads, they tend to rip you off.
09/27/2011
kadytheredpanda kadytheredpanda
I have a Chinese panda coin made of .999 pure silver (it was a graduation gift) but that's the only silver I have. XD
09/27/2011
Miss Anonymous Miss Anonymous
None the the above. If I did it would be silver. I really don't like gold.
09/27/2011
freshbananas freshbananas
Quote:
Originally posted by WierdAl
Does anyone collect Gold and or Silver coins as an investment? I was cleaning out a barn a few years back and there was a cigar box full of silver quarters. I went to cash them in a year ago. I was told what they were worth and I decided not to sell ...
I can see collecting silver coins could be a fun hobby
12/01/2011
Missmarc Missmarc
I don't collect anything
12/05/2011
satinlady550 satinlady550
Quote:
Originally posted by WierdAl
Does anyone collect Gold and or Silver coins as an investment? I was cleaning out a barn a few years back and there was a cigar box full of silver quarters. I went to cash them in a year ago. I was told what they were worth and I decided not to sell ...
I cashed in my silve not so long ago.. I should have saved them because the price will continue going up.
08/31/2012
namelesschaos namelesschaos
I don't collect anything gold, silver, or other.
08/31/2012
Feisty Feisty
I don't collect anything.
08/31/2012
Rory Rory
I voted silver but I don't collect at all. My husband does and he collected a lot of silver coins and a few gold coins until the prices went up. If you bought and sold as the prices went up you could have continuously made some money.He was really into the coin collecting and likes to have the rare coins.
09/01/2012
thesquaredeific thesquaredeific
No, I don't.
10/12/2012
Total posts: 21
Unique posters: 21