Best Coin To Buy As An Investment Right Now?

I salute your interest as a young collector ... and wish for you the best as you grow in the hobby.

Key word there is hobby ... do not see this as a way to make money ... there is no best 'coin' to make an investment in.

There are for sure plenty of coins that might appreciate in value over time ... and I'm certain the kind folks here will suggest some ... but if return on your investment is what you need ... then save your money for a college education.

David

I am partially looking at this as a investment, but also a fun hobby to do through out the rest of my life. And don't worry nickelsearcher, I've got the college situation figured out! That's why I am doing this :)

chefhemi13:
You are in exactly the same very fortunate position that I was at the same age.
I was lucky enough to be able to have a permanent part time job from age 12, and had zero expenses for 7 years (living at home) until I was 19. So I was able to save everything I was paid for all of those 7 years. About half of my savings were spent on coins, not ONE coin, but building a collection.

I continued building my collection until I married at 30 years old. Up to then, I was fortunate enough never to have paid a cent of rent in my life, because I was living with my family. I then had to sell all of my collection, to raise money for a mortgage on our first house. That collection was able to pay for 20% of the total cost of our first home.

My current collection is larger than the previous one.

So what coin(s) to buy as an investment? Any coin that you like that is rare, and in well above average condition. With such coins, unless you are already an expert, take advice from a professional coin dealer who has the highest reputation. Speak to him personally if you can.

I did that when I acquired my first ancient coin, I did that because I realised that I did not know nearly enough about high valued ancients at the time. That principle applies to ALL high valued coins.

My parents always helped me, and because of that, I have an obligation and a determination to help my kids, irrespective of their age.

Investing in coins is a risky proposition. Only buy coins if you collect them, getting your money back out of them is questionable.

If you're investing, simply buy something gold. It doesn't have to be a coin. Gold has always been a safe investment and I don't think that will ever change.

If you're collecting with the hope of recovering your money someday:

1) quality over quantity
2) buy the nicest, slabbed key date you can afford

I really like the 1914D Lincoln Cent for this. They are always in huge demand and they are difficult to obtain. Again, only buy a slabbed example, specifically, I'd stick with PCGS.

I agree with both statements.

With apologies to those who may disagree, my advice is to not invest in coins. You should only buy them for pleasure.

For what buy gold when the price are at the top ? Do you really thing that the value will increase indefinitively ?

Buy bullion when the price are low.

, chefhemi13!

Spend $500-1000 on coin books and read them cover to cover (especially the intro pages).

No matter how good the advice you'll receive here, starting with a $1000-2000 coin, you're cruisin' for a bruisin'. It only takes one mistake and you're out of the game for a LONG time.

Coins are a collectable, not an investment. After reading all those books, you'll understand what to buy, and more importantly, why.

Difficult to say only one coin. However, here is a suggestion. Puchase a Red Book by Whitman Publishing. Scan through all the popular collector type coins for mintages. My reasoning is the proportion of people in the near future compared to quantity minted of coins will sort of determine what you should, could, might, possibly buy.
For example any coin with a mintage of less than one million will possibly be considered rare in the not to distant future. Our population in the USA has now exceeded 300,000,000 people and if only 1% of those collect coins, still more collectors than coins of the less than one million variety.
One problem with the above method is popularity. For example a 1912S Liberty Head Nickel has a mintage of 238,000 and barely exceeds $2,000. Comparitively a 1916D Mercury dime had a mintage of 264,000 and values go up to well over $30,000.
So to sum up what I was attempting to say is it's all just a guess anyway. Remember this is a hobby, not an investment tool.