Coin Collections
A friend of mine is something of an amateur coin collector. By that I mean she doesn’t go out of her way to spend thousands of dollars on rare coins, but she does have a pretty nice collection that is worth decent money.
I was just talking to her about her coins the other day, and I asked her how she got into collecting in the first place. She told me that her grandfather left her some gold coins when he died. She had the coins appraised, was surprised at how much they were worth, and decided to increase her collection whenever possible. This is exactly what happened with my cousin Matt, so I could understand where she was coming from.
My friend now views her coins as an investment, which makes sense. After all, gold does tend to maintain or increase its value at a better rate than other investment vehicles, thereby making it a relatively secure way to preserve your money.
Maybe I should get in on this trend and invest in gold as well!