Coutts confirm coins as the 3rd most lucrative ‘hobby investment’
Coutts – bankers to the Queen – have confirmed coins as the third most lucrative hobby investment over a ten year period.
The Coutts Passion index tracks the rate at which the price of hobby investments has risen, and its increase of 80% between 2005 and 2014 proves that there is money to be made for those who decide to turn their hobby into an investment.
And it’s great news for coin collectors, as old coins rank as the 3rd most lucrative hobby. Last year prices for old coins grew at a rate of 9% and over the 10 year period between 2005 and 2014 they have risen a staggering 176%
A spokesman for Stanley Gibbons explained that the enduring popularity of coins is down to their “tangibility and literal link to money, wealth and precious metals”. He added: “Unlike other passion assets they are straightforward for storage, servicing and insurance”.
Change Checkers will be particularly pleased with the news, given that their hobby is also very affordable.
With coins like the undated 20p and the Kew Gardens 50p which can simply be found in loose change, the return on their investment stands to be even higher in percentage terms!
Classic cars were ranked as the most lucrative investment, and last year a new record was set when a 1962 Ferrari sold for £24m at auction in California. But just in case you don’t have millions of pounds lying around, coin collecting is not a bad alternative!
The most lucrative ‘hobby investments’ over 10 years
- Classic cars
- Old Master and 19th Century art
- Old coins
- Rare musical instruments
- Post-war and contemporary art
- Rugs and carpets
- Impressionist and modern art
- Fine wine
- Traditional Chinese works