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RE: 5 tips to avoid coin collecting disaster and losses

in #collecting8 years ago

Nicely done. I began collecting Canadian Mint coinage five years ago, primarily to use the coins as family gifts. In time, I began leaning towards small mintage and 1oz silver proof sets. I still buy those, but most of my investment now is in bullion coin, i.e. $5 Canadian Silver Maple Leafs and American Eagles. I short, I'm now focused on inflation hedges rather than collector value.

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It is very easy to lose a lot of cash as the system is against success but there are some good steps that can be taken.