The Meb Faber Show
Welcome to The Meb Faber Show, where the focus is on helping you grow and preserve your wealth. Join us as we discuss the craft of investing and uncover new and profitable ideas, all to help you grow wealthier and wiser. Better investing starts here.
Van Simmons - “The Rare Coin Market Can Go Up Dramatically, Quickly" | #48
In Episode 48, we break new ground for The Meb Faber Show. Departing from our usual world of stocks and bonds, we welcome expert numismatist, Van Simmons. For anyone unfamiliar with the word, a “numismatist” is a rare coin collector. We start where we usually do – with a bit of background on our guest. Van gives us a quick overview on how he got into his line of work. But it’s not long before the guys jump into the world of rare coins, with Meb asking Van to provide a general, contextual overview.
Key Points
- Van Simmons, a top numismatist and collectibles expert, shares insights on the rare coin market, emphasizing the importance of trust and knowledge when investing in collectibles.
- The grading of coins by Professional Coin Grading Service (PCGS) revolutionized the coin industry by providing a reliable standard that increased liquidity and trust among investors and collectors.
- Investing in collectibles with historical significance that were coveted during one's youth can be a strategic approach, as these items may appreciate in value as that generation gains purchasing power.
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Transcript
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