11-24-2019, 09:21 PM
(11-24-2019, 08:58 PM)Kinser79 Wrote: PBR...Hucksters have sold everything from coins to guns to bubblegum. There is nothing a huckster will not sell if it makes them a profit. That being said buying coins for non-numismatic purposes is a legitimate investment strategy. What one has to do is avoid high pressure sales tactics--that's a huckster. Buy from reputable bullion dealers and take physical possession of the commodity.
Myself, I buy primarily from the US Mint.
My general advice to everyone on every transaction is Caveat Emptor.
As for Early Year Lincoln Cents...they are only worth more than their weight in gold if they are in good condition and you have a collector willing to part with his fiat for them. You're better off selling those to an Local Coin Shop (LCS) than elsewhere. Otherwise they are worth their 2 cent melt value.
Year, mint mark, and condition all matter. This said, I was not going into an extended discussion of numismatics. Scarce dates are far more valuable than common dates, and a relatively common early date such as 1917 might be extremely rare in bright uncirculated condition.
There's always someone around to exploit the lonely, fearful, and gullible, and hucksters know well how to find such people as marks. Coin collecting is a buy-and-hold activity.
The ideal subject of totalitarian rule is not the convinced Nazi or the dedicated Communist but instead the people for whom the distinction between fact and fiction, true and false, no longer exists -- Hannah Arendt.