Last updated on June 7th, 2018 at 12:59 pm
Last Updated on June 7, 2018 Posted by Colonial Acres Coins
One’s hobbies are dictated largely by innate affinities and tastes, though for most of us, they are heavily influenced by the place/country we live in, current market conditions, the economy and, overall, numerous other day-to-day factors. Many undoubtedly have an affinity for vintage Aston Martins, for example, which, at the same time, doesn’t translate into billions of people collecting them. However, if you’re into collecting coins, especially Canadian currency, you’re on the right track with Colonial Acres.
The fact to the matter is – no one can predict the future with 100% accuracy. One way to go around that obstacle is to observe the past and spot any existing trends. If such historic trends are anything to abide by, acquiring the right coins today could easily go above the majority of investments in, say, a good portfolio. So, there is method to this proverbial “coin collecting madness.”
That being said, it’s important to note that there is little difference between the market for collector coins and other consumer markets. This is another way to say that the values of both individual pieces and bulk collections depend upon supply and demand. The general rule is to get your hands on the best coins you can afford. Put simply, you don’t have to shell out money for more coins that are lower or more common grade; logic dictates that you should always do your best to get your hands on fewer coins of both higher rarity and quality – something we always advise here at Colonial Acres.
For instance, the majority of Canadian coins between 1858 and, say, 1952 (the end of the reign of King George VI) are both highly popular and sought after, especially if they’re in very good condition. That would be one example of a good investment – especially if you keep an eye on things like exceptional eye appeal and gorgeous designs. What’s more, most good quality collector coins have greatly outperformed other typical types of investments, which is more than obvious if you look back at the past decade or even past half-century.
Needless to say, most collectors don’t venture into coin collecting waters simply because they’re eager to experience the business side of things – on the contrary, they do it because they enjoy owning, dealing in and preserving such valuable pieces of history. Therefore, if you’re thinking about collecting coins, it might help to re-examine your appetites and motives. If you come to a positive decision during the soul-searching, just remember you’re always welcome at Colonial Acres for advice, information and a plethora of other services.