| Author |
 Replies: 16 / Views: 2,430 |
Page 2 of 2
|
|
|
|
Valued Member
 United States
50 Posts |
Thank you. I'm a buyer more than a seller so about 49 more posts to go! And Ecrater, I've never heard of that site I'm going to have to check it out. I'm sure my wife will love another venue for me to buy coins through
|
|
Pillar of the Community
Serbia (Srbija)
576 Posts |
 to CCF As far as witch coins you should invest in I'm afraid I cant help you much unless you are from Europe. If your from America you should wait for members from that area to respond since they are more informed about current US market prices. Btw what do you collect, only US coins or something else? My collection on Numista page: 7500 different coins and counting... https://en.numista.com/echanges/pro...hp?id=129798 |
|
Pillar of the Community
United States
3294 Posts |
Coins make a tough investment. The is because for the most part, coins are not very liquid. Consider that if you have 100 shares of company XYZ and want to sell, you just do a couple mouse clicks (if it is an online brokerage account) and your 100 shares is now $2000 cash. By the same token, if you have a coin that has a book value of $2000 it can take quite a while to find someone willing to part with $2000 for it. There is a lot more headaches and a lot more uncertainty with the coin investment then with the stocks.
|
|
Valued Member
United States
50 Posts |
Yes I have focused my attention on u.s. coins but I'm always open to Sugestion....
Nod I actually just started investing in stocks about 4 months ago but was thinking about pulling everything out and just buying coins with the money :)
I like action and get impatient. A buddy of mine suggested playing the option market. I may look into that before pulling money out. Unless a nice coin catches my eye first. How long have you been buying coins? Which ones have moved up the highest percent if you don't mind me asking
I am not only into coinage as an investment I love the hobby and very rarley ever sell just stack. But I would love that if one day the became a need I would make and not just break even
|
|
Pillar of the Community
Egypt
3470 Posts |
to CCF |
|
Pillar of the Community
Canada
1731 Posts |
Canadian silver dollars  not to many. Some a pretty cheap and others are expensive |
|
Pillar of the Community
1283 Posts |
Buy American silver eagles, Maple Leafs, 90% US silver coinage, Silver Dollars, bars.
When you are buying for bullion content, IMO you have about as a liquid of an asset as you can get.
I can take my XXXX+ oz of silver to a group of probably 12 different dealers in the metro area, half of which will pay cash. That is pretty liquid in my book.
Buy silver, get it at a good price. Never pay more then spot for 90% unless they are silver dollars. If you look around you can get some eagles at $2.50 over and those seem to be the best bet. I often find Engelhard or JM 10oz for $1 over spot.
When you meet your post requirements to buy/sell/trade shoot me an email I am always buying/selling/trading I love flipping coins around till I acquire my perfect set.
|
|
Valued Member
United States
50 Posts |
Coincollect I will look into the Canadian dollars I looked a little while ago and saw it was. 9999. I didn't look at prices on any though
|
|
Valued Member
United States
50 Posts |
Throwback I'm going to save you and ill defend hit you up when I get my post requirment.
|
|
Bedrock of the Community
United States
20753 Posts |
1. Don't buy coins for an investment. If your into coins for investing, just not a good idea. What you buy now may well be worth less tomorrow. 2. Why do you want to join PCGS or NGC now? Do you already have coins of value that you think are worth that cost? Wait for when you KNOW you have coins of value. 3. For now you should possibly purchase a Red Book by Whitman Publishing and look through it for ideas. 4. As to where to purchase coins. In order, Coin shows, Coin clubs, flea markets, possibly some on line dealers, a coin store last. |
|
Valued Member
United States
50 Posts |
I have the Red Book already I read it a lot. I have been collecting for about 3 years. I have some flying eagle and ih pennies that my grandfather gave me in a dansco album. The first 10 are all in MS condition very beautiful coins. I was under the impression that if they were graded they may be worth a little more as then there is no question what the worth it. But after reading on here the past week I've learned all grading companies aren't equal and that ungraded may be just as nice as graded. |
|
Valued Member
United States
132 Posts |
Quote:
1. Don't buy coins for an investment. If your into coins for investing, just not a good idea. What you buy now may well be worth less tomorrow.  I agree on the investment part. Too much uncertainty in any required field except for the silver content. As far as joining PCGS or NGC, unless you have lots of money at your dispense, and literally tons of coins, I think joining either IMHO isn't worth it. I only deal with a handful of coins, and I prefer some of them raw. If I did stumble upon something that absolutely needed to be slabbed, I have a dealer within 5 miles who is part of both, who can ship them off for me if need be. That would be my best bet. As far as places to purchase coins, I stick to ebay or local coin shops and/or shows. Thats about it. Best of luck! -Dan |
|
Valued Member
United States
50 Posts |
Don't local places charge a lot to send coins in?
|
|
Valued Member
United States
223 Posts |
To tell you the truth the stock market and coins are similar when it comes to investing, you have to know what to get into though. Coins, although are hard to make investments in are not impossible. Personally I think there are two methods.
Junk silver coins, if you can buy large quantities for spot price or under that could be considered a good opportunity for investment.
High grade key date coins, and I mean really high grade like MS67. Could be a chance for investment but the cost and risk may not be worth it.
And finally, I would start with raw coins and learn to grade them. Also learn how to spot counterfeits, the last thing you want is to get taken.
|
|
Valued Member
United States
50 Posts |
Very good. I do buy a good bit of junk at melt from a local place. I have been trying to go more on the higher end I just like volume I get hooked on buying and when I spent 400 on 1 coin then I have to wait a bit to buy more. I've been buying a lot of loose and graded Morgan's lately kinda mid level ms64
|
|
Page 2 of 2
|
Replies: 16 / Views: 2,430 |
Page 2 of 2
|
First Page
Posted 03/25/2012 04:15 am
