Coin collecting is a $10 Billion dollar a year industry in the United States alone, and the world wide figure is somewhere around $100 Billion dollars a year. It’s one of those hobbies that does’nt immediately pay-out profits, but value is paid out fully in future decades ahead. It is a way to store wealth, it’s patriotic, it’s a way for a grandparents and kids to relate. You can see coins passed down through generations for decades and centuries. Sets can become family heirlooms, a roll of coins or proof set today may help pay for a family members college 100 years from now. Why leave your loved ones “cash” that can easily be blown on a whim, when you could pass down a collection of coins that you have built piece by piece. Coins are something that your family can cherish for generations, and if hard times come like they do so often the collection will provide a bit of security.
Old rare coins always bring many times there face value. Many financial advisors state that you should store between 5-10% of your investments in rare coins and precious metals. Following this philosophy will help give you and your family more security, and a great foundation for wealth building. Even when the stock market drops, your coins will hold there value and in many instances increase in value as investors rush towards commodities. It’s a great hobby that pays dividends.