Last week, I did something unexpected. I bought some coins. And I am not talking about bitcoins or other cryptocurrency. I actually bought some physical coins that were issued by Bank of Lithuania. It’s a set of 4 coins (3 silver and 1 golden) with nominal value of €5, €10, €20 and €50 and each of them is dedicated to something:
In total, I spent €544 to purchase the coins. The mintage of the coins is 4000 pcs each so once all of them are bought, no new ones will be released. Usually I am not that interested in numismatic investments but this one caught my eye. The coins look interesting and I like what they represent. The 100th Anniversary of the Restoration of Lithuania’s Independence is quite a big event here and I am hoping that the value of the coins will grow in the future.
This is how they look like in real life:
I had a discussion with a guy who is collecting all Lithuanian coins, starting from ~year 1991. He thinks that the coins I purchased should start increasing in value after ~5 years. I will see how good his predictions are after a few years. Hopefully, I will still be running this blog and will have a chance to look back at this prediction 😀
Even if this turns out not to be a successful investment, I will gain some experience from it. I always had doubts about investments that have more of a sentimental value. In case I want to sell them, I will see how hard it is to find a buyer for such an asset. It is very different to my usual investments in stocks which you can sell anytime you want as there will always be some buyers. I imagine that it will be a different situation here.
What do you think about this purchase? Have you ever thought about investing/invested to numismatics? Don’t hesitate to leave a comment below!