Playbook #012: Rare Coins (Numismatics)

🖼️ The Big Picture

What do J.P. Morgan, Wayne Gretzky, and Nicole Kidman have in common?

Besides being some of the very best at what they do, they are all known to be avid numismatic coin collectors.

What’s a numismatic coin? Well, as opposed to “gold bug” investing where you stockpile gold and silver in a safe in case Zimbabwe-style hyperinflation hits, numismatic (rare and collectible) coins are more similar to investing in wine, art, or luxury watches. Their value comes from how rare they are: the condition they’re in, and with coins specifically... the “set” they’re in.

A few key things to know about collectible coins and sets:

• Type Sets contain coins with the same characteristics, such as design, year, designer, historical period, or denomination.
• Series Sets have a coin from each date and mint from a particular series, such as a set of Morgan dollars from 1878 - 1921.
• Key Date Coins are from an important date in history, and are the most expensive and difficult to obtain. They’re the most important coins in your series, and will usually appreciate in value faster than other coins in their series.
• Building a “Set” makes your collection more valuable, easier to sell, and enjoyable to showcase. You can register it online and compare it to other owners' sets.

Numismatics used to be known as the “hobby of kings” because they were so difficult and expensive to acquire. However, with the growth of the internet, they’ve been made far more accessible to the masses.

🔢 By The Numbers

You don't have access to this CAPITALIZE issue at the moment, but if you upgrade your account you'll be able to see the whole thing, as well as all the other posts in the archive! Subscribing will give you immediate access.

What is CAPITALIZE?

CAPITALIZE is a tool for discovering new ways to grow your wealth. You get a new investment idea each week in a simple 7-Minute report. Quickly check to see if it matches your "Investor DNA" and fast-track your way to being a top 1% investor... with less risk. Created by Wealth Factory for people who want to build their wealth and keep it.