- Joined
- Jul 22, 2015
My brother, who is a savvy investor, got some proof sets and limited edition coins a ways back as an investment. He decided to sell them about ten years later and they basically sold for the same price he paid for them. I think coin collecting is pretty much an autist's hobby. Small details and the history attached to the different time periods they come from are appealing to people who enjoy minutiae and sets.I've recently started looking at collecting both domestic and foreign notes and coins.
An example I couldn't understand was an Australian $2 with TINY initials next to the artwork on the coin (apparently only limited release).
I like looking at things like 100M Hungarian Floriant notes or the Singapore Orchid series. Anything that has an absurdly high value or is simply aesthetically pleasing.
$13M CAD for an accidental print on a $50 CAD note seems crazy! I'm tempted to watch it to see if it sells.
Currency collectors seem an interesting lot. I understand coins made of pure silver or gold or those that are ancient but the accidental misprint ones (coins and notes) do make me wonder.
I bought several limited edition coins during the Year of the Rat (I like silver and I like rats) and they're still selling for what I paid for them. I bought them to keep, not for resale value, so I'm not upset by this, but it does suggest that any value in coin collecting lies in historical value, not in how limited edition or pretty they are.
And yes, I do strongly suspect that a great deal of money laundering goes on behind the scenes.