Paying hobbies

A different option for the entrepreneur-phobes, especially if time is a constraint or webmastering is something you don’t particularly enjoy. It’s fairly common knowledge that some people collect stamps, coins or other memorabilia - and rare specimens are quite valuable.

Finding a rare specimen is - well, a rarity. But there’s a whole range of types which are in demand; while not in the millions, can still provide a reasonable return.

Coins - especially the gold and silver ones - are a good proposition, since

They do have intrinsic worth that’s measurable, so your downside is very clearly known.
Quite a number of these also have artistic merit - they look extremely good, especially if in velvet lined cases that show off their shine
Gold and silver have been traditionally inflation hedges - so while the dollar erodes in value, these don’t.

Even if you aren’t interested in scouring the countryside, you could still try a different route. A number of countries (including the US) mint gold and silver coins. These are limited editions, and come with a guarantee.

Pick up some of these whenever you can. If luck favors you, you might end up having one which over time becomes a rarity - if it doesn’t, you still don’t lose anyway. You can check out prices for the American Silver Eagle and other coins at this link or other sites online, so it isn’t too difficult to get started.

Written by 2cworth on May 29th, 2006 with 1 comment.
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