Like the stock you buy through a broker, a coin can be a good investment, and its price can go up or down. Funnily enough, whereas even a casual investor will consult a broker for buying a stock, a casual coin collector may make the mistake of recklessly investing in coins. So remember to approach coin investment with the same level of research and due diligence you would bring to other financial investments!

All hobby collectors—of coins, comic books, or cat figurines—occasionally give in and make purchases based on an impulse or a sentiment. In fact, such irrational lapses are part of the fun and the intrigue of a collecting hobby. But if you are a coin collector looking for investment value, you cannot afford such lapses—not all coins are valuable. If you make informed and selective coin purchases, you can find several worthwhile investments. At the same time, historically rewarding but neglected or slow-moving coins as well as those with common dates or low grades are not worth your while. Remember that your coin collection is not an end but a means to an end outside your hobby.

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