For Sale:
1) Rajendra Prasad 5 Rs coin - 40 Rs
2) Rabindranath Tagore 5 Rs coin - 40 Rs
3) RBI 75 years 5 Rs coin - 40 Rs
4) RBI 75 years 5 Rs coin - 20 Rs
5) Homi Bhabha 10 Rs coin - 40 Rs
6) 60 Years of Commonwealth 5 Rs coin - 40 Rs
If you are interested to buy the above mentioned coins, please mail me to soselva@gmail.com
Friday, December 24, 2010
Friday, December 3, 2010
Rare Coin Investments Vs. the Stock Market
There are many reasons why rare coins are better then stocks. But, I have found and pinpointed the top two reasons why rare coins are better. I feel that investing is useless if there is no potential in the investment. But many investments that have potential are usually riskier then other investments. So, even if an investment had potential, it may not be worth it if it was too volatile. This is where rare coin investments steps into the picture.
The first reason why coins are better then stocks is because of stability. There are many investment vehicles out there that can yield some hefty returns. But with all investments, the investor/investment manager has to weed out all the bad investments. They have to cut off as much risk as possible. If we look at coins, we can see that it is a very stable investment. Coins are not as volatile as stocks. It doesn't go up and down by the minute. Its' movements are a lot slower then stocks, but their movements are very predictable. The predictability is what makes it more stable. Because we know when it goes up and down, we can make confident decisions without risk or heavy losses. I don't think we can find any other investment that is more stable then coins.
There is an inverse relationship between risk and returns. The returns tend to be lower when you cut off the risks. Some of the safest investments aren't really worth it anymore because of their low returns. To counter this, investors usually diversify their portfolios. This allows them to cut off risk while improving their returns. But, with stocks, you have to buy enough of each stock to profit. And, you have to buy a lot of many different stocks to diversify. This is extremely costly and messy. With coins, you can buy just about any investment coin you like. You can easily diversify your portfolio by buying a different coin specimen each time you buy a coin. Your returns are never cut short, and you never lay too many eggs in one basket.
The second reason why coins are better then stocks is potential. The right coin never stops going up in value. This has been proven (so far) in historical coin reports. It's not like stocks where they can stop going up in value. And then the company has to split their stocks so that it can continually go up in value. But, if the CEO doesn't know when to do this, or does this at the wrong time, the stock may never make anymore sizeable gains. Furthermore, regardless if the stock splits or not, it doesn't mean that the stock will continually rise in value. The stock can easily go down in value because of bad or false news. And after this, the stock may take forever to recover. Or worse yet, it may never recover at all. Coins on the other hand, can never lose their value because of bad news. Their performance depends mainly on supply and demand. And with the ever diminishing supply, some coins never see a down turn because of weakened demand. At the very most, they might stay stagnant for a short period of time. They will continue to rise again after demand strengthens.
The unique characteristics of rare coins makes it the perfect investment. Furthermore, I don't think there is any other investment that can be diversified any further then coins. You could buy one example of each investment coin and never run out of coins to buy. It's ultra safe, it yields extremely high returns, and its' diversification easiness makes it an investor's dream. If you have not looked into coins before, now is the time to do so.
Sunday, November 7, 2010
PROOF SET - 100 RUPEE COIN
SHAHEED BHAGAT SINGH BIRTH CENTENARY (1907-2007)
COVER
OBVERSE
REVERSE
Price of this set is 6,000 Rs.
If anybody want to buy this set, please mail me at laksshy@gmail.com
COVER
OBVERSE
REVERSE
Price of this set is 6,000 Rs.
If anybody want to buy this set, please mail me at laksshy@gmail.com
Wednesday, October 20, 2010
UNC SET FOR SALE
Saint Alphonsa Birth Centenary Unc Set
The above shown UNC set is for sale. Price is Rs 2400. If you are interested, please mail me to soselva@gmail.com. Coins will be sent through speed post.
Monday, October 18, 2010
Basic Rules of Rare Coin Investment
A rare coin investment can be a satisfying and profitable enterprise. However, it is easy to get taken advantage or to buy unwisely. To sensibly pursue a rare coin investment, make sure your interest is real; rare coins seldom provide quick return. Deepen your knowledge of this investing opportunity; find and deal with reputable professionals; plan to buy quality coins and hold them; and, finally, get the coins in your possession, store them securely and insure them.
1 - Have Interest, Develop Knowledge
Investing in rare coins is best pursued by those with passion for that product. Quick returns seldom happen, so other pleasures should be considered. There is enjoyment in learning which coins have value and may appreciate; in searching for the coins once you have learned about them; and, of course, in finding a coin and paying the right price for it.
Before investing, there is a great deal of pleasure to be gained by reading about coin collecting, what makes a coin valuable and how to care for coins. Consider joining a local coin club and parlay relationships there into deeper knowledge.
2 - Deal with Reputable Professionals
Particularly if you are making a high-end rare coin investment, take the time to know professionals in the industry. Collectors almost always form an informal community, and they welcome new, interested parties. The Internet has opened many opportunities to communicate with dealers and collectors as well.
Always check the references and track record of anyone from whom you are considering buying. Never make impulse buys in a rare coin investment. It is possible to make a profit on your passion, but the opportunity should be approached with care and with the proper investment of time before any money changes hands.
3 - Buy the Best and Hold it
Experts estimate it takes about five years after purchase of a good, rare coin to achieve an acceptable rate of return on it. There are seldom shortcuts, but a good start is to buy the rarest coin you can afford, buy the highest quality coin you can find and buy coins that give you diversity in your portfolio.
This not only improves your chance of a good return in time, but the high-quality, rare coin is easily marketable should you need to sell. A word of caution when buying rare coins, or any coins for that matter, use your knowledge and relationships to avoid overpaying. Coins are attractive, and impulse buys are always a temptation. Remember that a rare coin investment is still a business decision despite the beauty of the product.
4 - Secure and Insure Your Coins
It’s wise to get your coins in your hands. Once you have taken possession of a coin, be certain that it is stored securely. There are many stories of coin owners misplacing valuable coins. Be sure to insure your collection as well. In addition to being easily misplaced, rare coins are a target for thieves.
Source: http://www.finweb.com/
1 - Have Interest, Develop Knowledge
Investing in rare coins is best pursued by those with passion for that product. Quick returns seldom happen, so other pleasures should be considered. There is enjoyment in learning which coins have value and may appreciate; in searching for the coins once you have learned about them; and, of course, in finding a coin and paying the right price for it.
Before investing, there is a great deal of pleasure to be gained by reading about coin collecting, what makes a coin valuable and how to care for coins. Consider joining a local coin club and parlay relationships there into deeper knowledge.
2 - Deal with Reputable Professionals
Particularly if you are making a high-end rare coin investment, take the time to know professionals in the industry. Collectors almost always form an informal community, and they welcome new, interested parties. The Internet has opened many opportunities to communicate with dealers and collectors as well.
Always check the references and track record of anyone from whom you are considering buying. Never make impulse buys in a rare coin investment. It is possible to make a profit on your passion, but the opportunity should be approached with care and with the proper investment of time before any money changes hands.
3 - Buy the Best and Hold it
Experts estimate it takes about five years after purchase of a good, rare coin to achieve an acceptable rate of return on it. There are seldom shortcuts, but a good start is to buy the rarest coin you can afford, buy the highest quality coin you can find and buy coins that give you diversity in your portfolio.
This not only improves your chance of a good return in time, but the high-quality, rare coin is easily marketable should you need to sell. A word of caution when buying rare coins, or any coins for that matter, use your knowledge and relationships to avoid overpaying. Coins are attractive, and impulse buys are always a temptation. Remember that a rare coin investment is still a business decision despite the beauty of the product.
4 - Secure and Insure Your Coins
It’s wise to get your coins in your hands. Once you have taken possession of a coin, be certain that it is stored securely. There are many stories of coin owners misplacing valuable coins. Be sure to insure your collection as well. In addition to being easily misplaced, rare coins are a target for thieves.
Source: http://www.finweb.com/
Realm of the Coin - Ken Smaltz is a master collector--of customers
(FORTUNE Small Business) – In his quest to find well-heeled clients for his rare-coin business, Ken Smaltz Jr., 42, shows up in the most unlikely places, from baseball's spring training camps to New York City's Friar's Club, the legendary haunt of has-been entertainers. Last year the Zelig-like owner of K. Smaltz, his one-person firm in Garden City, N.Y., spent $15,000 traveling, including trips to trade shows, to buy and sell coins. He spent $10,000 to entertain clients and prospective customers.
Smaltz sees rare coins as more than just a schoolboy's fleeting obsession. With gold rising to a 16-year high, rare coins have appreciated 20% over the past two years. He claims that one of his clients bought an 1871 $20 Carson City gold piece in 1998 for $4,750; it is now worth $12,000, according to Coin Values magazine. "I'm trying to change the perception of coin collecting from just a hobby," says Smaltz.
Opening his business in 1997, Smaltz built sales to $1.5 million in 2004, up about 5% from the year before, and he says his firm is profitable. He gets a big chunk of business by going to trade shows, with the rest coming from client referrals, advertising, and networking. In 20 years, he says, he has never met another African-American coin dealer, which helps people remember him. "My uniqueness in this industry has been quite positive," he says.
Smaltz discovered his knack for selling rare coins through happenstance. At 21, having dropped out of New York University, he took a job in the shipping department of MTB Banking, a company that sells rare coins. Within two years he had worked his way up to a sales position. That led to more senior sales positions at other rare-coin companies around the country.
As his client list grew, Smaltz saw an opportunity to go out on his own. He got his big break when a former boss put him in touch with New World Rarities, a Long Island rare-coin and precious-metals company, where he worked as a salesperson and began to set himself up as a sole proprietor. He now operates his own business out of the headquarters of Eastern Numismatics, a rare-coin company that covers his rent, telephone, and shipping expenses in exchange for a percentage of each sale he makes. He pays for his own travel, entertainment, and supplies, such as the computer he bought last year. Smaltz tries to keep his fixed costs down. Last year he spent two months calling dealers around the country and combing the web to find a prized 1895 Morgan silver dollar in excellent condition. A client had gathered an almost complete set of the coins, which were minted from 1878 through 1921, and needed only that one to round out his collection. Because it was made differently from the others in the series, it was in hot demand. "They call it the king of the Morgans," says Smaltz. After weeks, he found the coin at a dealer's shop in Dana Point, Calif. He ordered it and sold it to his client for $139,750. His markup varies according to the time he spends looking for a coin, he says, noting that the industry average is between 10% and 25%.
To create buzz for his business, Smaltz has donated valuable coins to charity auctions and has designed his own commemorative coins. But what really makes his business tick is a reputation for delivering the exclusive goods in a timely manner, something Smaltz believes leads to repeat business and consistent profits. Gene Fox, a retired engineer from Joshua, Texas, started doing business with Smaltz around eight years ago when he ordered some historic silver dollars for his grandchildren. Since then he has purchased about 25 coins. "He's very reliable," says Fox, 73.
Smaltz hopes that recent world events will help him attract customers. "People are worried about the war in Iraq," he says. "Gold has always been considered a safe haven. And rare coins happen to be made out of gold." He repeats that line everywhere he goes, offering to let his prospects in on what he considers a secret: the investment potential of coins. "Nobody," Smaltz says, "really knows about this."
Source: http://money.cnn.com/
Smaltz sees rare coins as more than just a schoolboy's fleeting obsession. With gold rising to a 16-year high, rare coins have appreciated 20% over the past two years. He claims that one of his clients bought an 1871 $20 Carson City gold piece in 1998 for $4,750; it is now worth $12,000, according to Coin Values magazine. "I'm trying to change the perception of coin collecting from just a hobby," says Smaltz.
Opening his business in 1997, Smaltz built sales to $1.5 million in 2004, up about 5% from the year before, and he says his firm is profitable. He gets a big chunk of business by going to trade shows, with the rest coming from client referrals, advertising, and networking. In 20 years, he says, he has never met another African-American coin dealer, which helps people remember him. "My uniqueness in this industry has been quite positive," he says.
Smaltz discovered his knack for selling rare coins through happenstance. At 21, having dropped out of New York University, he took a job in the shipping department of MTB Banking, a company that sells rare coins. Within two years he had worked his way up to a sales position. That led to more senior sales positions at other rare-coin companies around the country.
As his client list grew, Smaltz saw an opportunity to go out on his own. He got his big break when a former boss put him in touch with New World Rarities, a Long Island rare-coin and precious-metals company, where he worked as a salesperson and began to set himself up as a sole proprietor. He now operates his own business out of the headquarters of Eastern Numismatics, a rare-coin company that covers his rent, telephone, and shipping expenses in exchange for a percentage of each sale he makes. He pays for his own travel, entertainment, and supplies, such as the computer he bought last year. Smaltz tries to keep his fixed costs down. Last year he spent two months calling dealers around the country and combing the web to find a prized 1895 Morgan silver dollar in excellent condition. A client had gathered an almost complete set of the coins, which were minted from 1878 through 1921, and needed only that one to round out his collection. Because it was made differently from the others in the series, it was in hot demand. "They call it the king of the Morgans," says Smaltz. After weeks, he found the coin at a dealer's shop in Dana Point, Calif. He ordered it and sold it to his client for $139,750. His markup varies according to the time he spends looking for a coin, he says, noting that the industry average is between 10% and 25%.
To create buzz for his business, Smaltz has donated valuable coins to charity auctions and has designed his own commemorative coins. But what really makes his business tick is a reputation for delivering the exclusive goods in a timely manner, something Smaltz believes leads to repeat business and consistent profits. Gene Fox, a retired engineer from Joshua, Texas, started doing business with Smaltz around eight years ago when he ordered some historic silver dollars for his grandchildren. Since then he has purchased about 25 coins. "He's very reliable," says Fox, 73.
Smaltz hopes that recent world events will help him attract customers. "People are worried about the war in Iraq," he says. "Gold has always been considered a safe haven. And rare coins happen to be made out of gold." He repeats that line everywhere he goes, offering to let his prospects in on what he considers a secret: the investment potential of coins. "Nobody," Smaltz says, "really knows about this."
Source: http://money.cnn.com/
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