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Coins & Currency > Scott Travers' Top 88 Coins to Buy and Sell

Scott Travers' Top 88 Coins to Buy and Sell




Price: $13.95
Scott Travers' Top 88 Coins to Buy and Sell

INVESTING BIG MONEY IN SMALL CHANGE tion in case things get even worse. In 1979 and 1980, the last two full years of Jimmy Carter’s presidency, rampant inflation played a major role in triggering the greatest boom the rare-coin market has ever known. Deflation, on the other hand, is bad for coin investment. When money is tight and people feel a financial pinch, there’s less dispos-able income to spend on discretionary items such as coins and pre-cious metals—and less inclination to spend it that way. Let’s say you bought a house for $250,000 and it went up in value to $1 million. You’d be favorably disposed toward spending $50,000 of your in-creased net worth for rare coins. But if you bought a house for $1 million and its value fell to $250,000, you’d feel a lot less comfortable investing your diminished wealth in small metallic trinkets. That’s the effect of deflation: It makes you feel poorer and far less inclined to part with your money. People invest in coins when they see what newsletter writer Maurice Rosen refers to as “economic justification” for coin prices to go higher. When bullion prices are rising, they feel comfortable and confident entering the rare coin marketplace. When the bullion market is weak, they tend to steer clear of rare coins. In times of eco-nomic prosperity, coins increase in value. And in times of depression or recession, coins are laggard and don’t do very well. Going for the Gold Increasing numbers of American consumers are buying gold—and pushing up its price; the gold rush is being driven by widespread un-easiness over the U.S. government’s political and economic policies. 7

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