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Investing in Collectible Coins

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  • Description

    Investment advisor Marshall Berol on how to profit from investing in rare coins.

  • Duration 3:22
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-- probably read about this story a rare 1794.

US silver dollar point sold at auction for -- million dollars.

-- and actually doesn't look like it's worth ten million dollars.

It's one of the first points produce ever by the US meant and it's believed -- have set a new world record for the -- -- -- -- night.

We're continuing our discussion of alternative investments yesterday we took a look at -- today we're looking at -- points out.

Restart joining -- out now investment advisor -- -- He's co manager -- -- funds thanks for coming on the show tonight Marshall appreciate your time.

Tell me how -- to hear that how hard is answer to make money investing points.

Well it's like investing in anything else whether -- Weiner the stock market or.

Land you need to know I have some knowledge you need some experience.

And and probably more so with whiners are -- or coins.

You need to work with somebody that's -- knowledgeable and experienced.

To help guide you along the way until you get that knowledge and experience.

Well so how much money going to get started.

Waiting get started down with very rare -- for just a few dollars you mentioned.

-- ten million dollar sale last week I had the stock.

Say that's a lot and the stock market is approaching all time highs that was an all time high for a single coin.

But the range of prices are.

Very greatly from a from a few dollars.

On up.

All are then.

Rare coins are not necessarily expensive corn and you have Greek -- -- Arab Roman coins.

That are available.

Thousands are available and they're not very expensive -- yeah.

Oh yeah -- place -- -- -- hundred years old are not that expensive because there.

A great number there's two -- services that grade the coins.

PCG gas and and GC.

And the rare of the -- the better the condition the more value -- will be.

Marshall you said the conditions important important but what other things.

And I'm looking for you said -- isn't necessarily have reason that a point valuable what what makes a coin worth a lot of money.

Scarcity is a major aspect debit hand condition other coin.

You gonna have to coins -- the same as it is the same vintage same era.

And they will have different values because of the condition.

Maybe it's a -- -- been out in now public usage verses one that still fresh from the managed behind order.

A 150 years ago or or fifty years ago so the condition of the coin the scarcity of the coin what they call the poppy how much population.

Are there -- hundred coins out there were a thousand or million.

Of that.

Macon and year.

So get a dealer make sure you know what you're near dealers doing.

And then not get a lot of advice obviously Marshall thanks for coming.

It looks like it to get it DL you getting a phone call or see something on the Internet really check it out because unfortunately.

There are scams and fakes right are available in the point market.

And that sounds too good to be true it probably as Marshall thanks for coming on.

And will be right back my pleasure thank year --

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