Quotations by Shayne McGuire

If you decided to pick up Bowers' The Expert's Guide to Collecting & Investing in Rare Coins, a 600-pager, or the hundreds of other books published on the subject, with a great deal of time and effort you might discover a way to profit from 1905 music box tokens. [2008] - Shayne McGuire

Stick with precious metal coins that are widely desirable, that any coin dealer is familiar with, and you will find that there are really only a handful of rare coins that are truly and ultimately liquid. [2008] - Shayne McGuire

Unless you want to invest the lengthy time and deep effort needed to become a serious coin collector/investor, I recommend staying with pre-1933 common date gold Liberty Heads, Indian Heads, and St. Gaudens gold and Peace and Morgan Silver Dollars coins that have been on collectors and investors' minds for decades. [2008] - Shayne McGuire

Unless the price of a rare coin is very near the price of gold (say a premium below 15 percent, as is the case with the very common pre-1933 Swiss Helvetia) its premium over gold will be based on the coin's authenticity, grade and rarity. [2008] - Shayne McGuire

Only buy certified rare coins. A coin graded 70 is flawless, as if fresh from the mint. Coins graded between 60 and 70, representing their good condition, are regarded as being "uncirculated" and in "mint state". [2008] - Shayne McGuire

When investing, buy high quality rare coins. Coins graded below MS-60 like gold St. Gaudens and Morgan Silver Dollars with scratches and other defects are so common that they trade near the value of their metallic content. [2008] - Shayne McGuire

I think the value of a broad array of rare coins, including the most common and moderately-priced, could begin to rise sharply - and faster than gold and silver. [2008] - Shayne McGuire

Trading under the ticker "SLV" since 2006, the iShares Silver Trust held 141 million ounces of silver as of now. [2008] - Shayne McGuire

Silver is far more volatile than gold. [2008] - Shayne McGuire

Gold is the only widely accepted monetary asset that cannot be printed. [2008] - Shayne McGuire

If gold rises to $10,000 an ounce, which I believe is probable, this would reflect less a speculative surge in the value of a precious metal. [2008] - Shayne McGuire

Once monetary balance is restored, gold and silver will stop being investments promising strong returns and go back to being essentially refined and shaped rocks, as they should be. At that time, stocks should regain their position as the investment of choice and I hope to be selling much of my gold and silver. [2008] - Shayne McGuire