Get this: the global coin market is already worth almost $18 billion. With the demand for collectible coins continuing to grow, it’s no wonder why you might want to cash in on this lucrative hobby.
Are you looking for a new way to spend your quarantine? Here are 10 great reasons to invest in coin collecting as your new hobby today!
1. Diversify Your Portfolio
Thinking about collecting coins but don’t know where to start?
By focusing on historically significant, rare, or popular coins, you’ll be able to diversify your portfolio like no other. That’s because some investors suggest investing in “tangible assets” like coins as a significant part of your portfolio.
In addition to this, coins can create a hedge against inflation and reduce overall risk as well. This explains why owning collectible coins should be the foundation of any investment portfolio.
2. Steady Demand for Coins
The best part about collecting rare coins is that there aren’t any sudden or dramatic price shifts that occur over time. Thanks to a large base of collectors, there will always be a consistent, steady demand for new coins on the market. Since collectors possess coins, you won’t have to worry about other “destabilizing forces” in the market either.
3. Rare Coins = Big Money
To tell you the truth, only an extremely small percentage of prayer American coins still exist on the market. Meanwhile, the rare coins that are still available are constantly being reduced as investors and collectors:
- Purchase more coins
- Hold onto coins longer
- Take coins off the market
With the number of coin collectors constantly growing, there won’t be too many more new coins for them to collect. As a result, the prices should rise to meet the demand. In a nutshell, that means that rare coins equal big money as time goes on.
4. Collectible Mementos
Because rare coins are some of the most collectible mementos you can find, they are often dedicated to things such as:
- Commemorated heroes
- Great achievements
- Significant event
So, coin investors and collectors are buying a piece of art with historical significance. How can you possibly beat that?
5. Affordable to Collect
Not only are coins extremely affordable to collect, but they are still inexpensive for investors and collectors to buy too. That means that you are almost guaranteed to get consistent “price gains” as time goes on.
6. Liquidate Your Coins
In case you didn’t know, rare historical American coins are the best liquid assets to invest in. For starters, there are millions of sellers and buyers in the industry. With annual sales of hundreds of millions of dollars, there are tons of chances to liquidate your collectible coins when you are ready to let them go.
7. Safe and Secure Investments
In terms of safe and secure investments, most American collectible coins are valued on several factors. These include everything from:
- Their condition
- The demand
- Their rarity
That being said, collectible coins are also a smart financial move because their “intrinsic value” continues to grow.
8. Pride of Ownership
Back in the day, taxpayers forced coin collectors to submit their gold to the American government. That’s because privately owning coins was completely banned for a certain amount of time. However, if you had coins that were struck before a certain period, you were still allowed to keep them.
The American government can still ban privately-owned gold coins such as:
- American Eagle
- Other types of gold bullion coins
However, those who owned private coins from a particular time won’t have to worry about this old-school rule.
9. Privately Sell Your Coins
If you’re thinking about privately selling your coins, then you’ve come to the right place. Fortunately for you, you don’t have to report any rare coin sales to the:
- Federal governmental agencies
- State governmental agencies
- Local governmental agencies
That means that you can truly store your wealth without stressing out about any taxes or audits!
10. Extreme Portability
One of the most important parts about collecting rare coins is that they’re portable. This means that they won’t take up too much space in your home or your storage unit. All that you need is a tiny box to hold your collection of historical coins.
Also, because coins come in what’s known as “bearer form,” they can be sold and exchanged confidentially, easily, and quickly.
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Curious About Coin Collecting?
Are you still curious about coin collecting?
When it comes to coin collecting tips, we’re the experts. We’ve got all of the coin collecting for beginners tricks that you need to succeed. From diversifying your portfolio to selling your coins, there are so many ways to profit from your extensive coin collection.
Looking for a safe and secure investment?
On top of that, rare coins are affordable to collect, easy to store and retain a lot of their original value too. Not to mention that rare coins can translate to big money as time goes on. In addition to this, liquidating your coins is one of the smartest financial moves that you could invest in.
As if that’s not enough, you can experience the pride of owning a piece of collectible art history as well. At the end of the day, you can pass your collection on to other beloved family and friends as time goes on too.
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