Is it a hobby, a history lesson, or a legitimate asset class? In this episode of The Wealth Effect, Bob takes a detour from traditional finance to discuss his latest obsession: Numismatics (the art and study of coins). What started as a curiosity fueled by a random YouTube video turned into a full-blown journey into the world of silver, gold, and graded slabs. Bob breaks down why coin collecting is more than just a "treasure hunt"—it’s a unique intersection of scarcity, demand, and intrinsic value. In this episode, we cover:
- The Origin Story: How a trip to the bank and a few rolls of change reignited a childhood passion.
- Coins vs. Cards: Why coins share the "hype" of Pokémon trading cards but offer a safety net that cardboard can't match.
- The Mechanics of Value: Understanding scarcity, the grading scale (MS69 vs. MS70), and the silver "floor."
- Tangible Wealth: Why holding a piece of Mexican Silver or a Roman coin feels different than checking a stock portfolio.
- The Challenge: Why you should buy just one coin—not for the profit, but for the story.
Join us as we explore how this
