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 Replies: 17 / Views: 3,137 |
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Pillar of the Community
United States
8904 Posts |
IMO, trying to figure out the market for rare-ish US coins 30 years down the road is a big stretch. I would invest the cash in stocks or mutual funds and let them mature for 30 years. I think you'll do much better financially, have much less risk, and be happier as a result. I have found personally, US coins are a great hobby but not a great savings plan. I.E, I buy coins because I like them (and the people!!) not for any investment. Just my opinion. |
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Previously Banned Member
 66 Posts |
muddler:
Thanks I would but my budget is for these type of coins. I have bills to pay like almost everyone...so I have to stick with this type of coin 1000$ - 2000$ range.
Edited by 1921
08/19/2012 5:35 pm
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Pillar of the Community
United States
3184 Posts |
You should buy to collect for fun vs investment
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Previously Banned Member
66 Posts |
mkman123:
I love coins but I also want it to be for investment as well I prefer the combo of the 2. I enjoy the coins I buy but I like also knowing that I can make a profit down the line. If I didn't like coins I would by some other type of investment.
Edited by 1921
08/19/2012 5:47 pm
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Pillar of the Community
United States
1374 Posts |
I second Moe145's comment wholeheartedly.
I have several coins I'm holding as an investment. However, my personal rule is that if I can't turn around and DOUBLE my money on a coin TODAY, I won't buy it. Often, these are coins I cherry pick, but most of them were just WAY underpriced, undergraded, etc.
Knowing what to buy, and when to buy takes tremendous patience, years of experience and some luck!
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Bedrock of the Community
United States
10982 Posts |
$900 USD is a high price in F12. Unless it's undergraded or has great eye appeal, $800 is full retail.
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Previously Banned Member
66 Posts |
Then what coins in this price range are good coins (800$ - 1000$ coins)?
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Pillar of the Community
United States
1374 Posts |
Maybe you would enjoy Eagles. Gold might be good for you.
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Bedrock of the Community
United States
10982 Posts |
True MS67 Morgans at $700 are a good deal. I'd only look for PCGS or NGC certified examples with CAC approval if you're getting started.
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Previously Banned Member
66 Posts |
Drsandman2:
Would suggest any other semi-key dates...gold is to high to make any kind of go at it. I really doubt gold will ever in my life time hit any where near 2500$-3000$ an ounce. The coin I purchased today I am pretty confident it will double in value every 7-10 years that is fine with me. Those are the type of coins I want to buy in regards to semi-key coins.
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Previously Banned Member
66 Posts |
BH1964:
Thanks I will try that! What dates are good in this series?
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Pillar of the Community
United States
1374 Posts |
Often, coins don't gain value over the very long term. Their prices rise due to inflation. Gold is often seen as a safe investment because its returns are typically greater than inflation over time. Moreover for mutual funds and stocks, like Moe145 said. For example, just because a coin was in the RedBook for $100 in 1965 and listed at $600 in 2010 does not mean that the coin gained value. In fact, in this example the coin lost value due to its inability to overcome inflation. I'm curious why you think the coin you bought will double in real value in the next 7-10 years. I can see the nominal value doubling, because the only thing the world economy can do at this point in economic crisis is print money. If the world economy remains in recession, or gets worse, you won't see a rise in demand. |
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Pillar of the Community
United States
1003 Posts |
That coin is very rare.The mintage of this coin is 60,000. I think you got a good buy.
-Kenny
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Bedrock of the Community
United States
10982 Posts |
Quote:
Thanks I will try that! What dates are good in this series?
1921: You'll be looking at pre-1921 common dates. The "S" mint pieces minted in 1879, 1880, 1881 and 1882 have been available for under $700 this year. Remember they must be PCGS or NGC certified and should have a CAC Green sticker of approval. Here's a completed ebay listing for one that I consider to be a very good buy: http://www.ebay.com/itm/1881-S-NGC-...em2ec0c0195f PCGS/CAC pieces tend to bring a bit more but can be found under $700 with patience. Good luck! |
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Pillar of the Community
United States
3294 Posts |
That date seems to come up on heritage with some frequency. I think 900 might be a tiny bit too high for F12.
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Posted 08/19/2012 5:28 pm
