Coin collecting not able to preserve wealth?
The mighty bargain hunter claims that modern coin collecting is fun, but useless as a means of preserving wealth. It’s an interesting claim and while we probably all hope it’s incorrect, it’s worth reading. I’ve said it before, but I’ll repeat it again for emphasis. If the only reason you’re collecting coins is to make money, then you’re likely to be disappointed. If you’re collecting coins for fun and making money would be an added benefit, you’re likely to enjoy the hobby for years to come.
That blog entry linked to a great site I hadn’t heard about before called Coinflation.com. It uses the value of precious metals to determine the worth of various US coins and is updated daily. For instance, silver Kennedy halves are worth $4.45 in silver alone. That’s good news, considering that you can still find a few in circulation (not many, but they’re still out there).