Coin Investment

I think pre 1964 half dollars or 1965 thru 1969 half dollars are good investment since you can still find them easy from roll hunting and get them for face value all day long if you look around for them. Its silver at face value from roll hunting.

The reason I say they good investment is dealers pay you 9 x face on 64 halfs if you trade with coin dealer. Example if you pay 10 bucks for an roll 64 halfs from roll hunting those bank boxs. Its worth 90 bucks to an coin dealer on trades. Example if he has 1931 s cent for 90 bucks. You trade an get the 1931 s cent for 10 bucks becides paying 90 bucks using federal reserve notes like worthless paper money. You pay 10 bucks for coin and not 90 bucks

The dealer is happy is sells the roll of pre 64 halfs for 110 or 120 bucks to silver investor who collects those things or metal bullion investor.

On the 1965 thru 1969 half dollars they are 40% silver and they pay less on them. Melted down 1 coin is worth 2.25 with silver at 15 bucks per ounce.

This my goal this year is to finish 13 incomplete sets pennys and maybe 5 sets of nickels , one dime sets. Tons of them incomplete sets . I need finish each set complete with all keys.

I saved over 400 dollars face on worthless 1971 thru 2000 half dollars. I am going buy 5000 dollars worth half dollars from bank to search for silver. I will replace each silver coin with one of mine 1971 thru 2000 clad coins from searching. I will spend 5000 at bank and next week I will sell 5000 dollars back to bank after I search them. It may take serval times before my intire 400 dollars face is turned into silver coins.

When I get 400 to 500 dollars face on silver halfs. I will make an trade with an dealer on geting all my sets finished . My sets later can be sold later no problem if want sell them.

So buy as many half dollar boxs you find from your locol bank and start pulling silver. I know an guy who pulled over 15000 dollars worth junk halfs last year from searching half dollar boxs. He was spending 5000 per weak on bank boxs to get those silver coins.

One other coin investment thats good deal is 1959 thru 1982 copper pennys to save for copper bullion. They are worth 2 cents each you can buy at locol bank. I buy those 25 dollar bank boxes and remove maybe 4 to 5 dollars worth copper pennys. I make 25 dollar bricks of all 59 thru 82 coppers . I sell them for 50 bucks each since they are copper bullion. I toss the 83 thru 07 zincs back into banks since they are worthless. Its same thing they years ago with silver dimes or quarters. With copper pennys you can double your money since your buying at bank.

Bad coin Investments I learned the hard away and would not buy if you. 1999 silver proof sets. I paid 300 bucks for one. Its onley worth 250 greysheat and dealer buy it know is 199. I would not buy any proof sets or mint sets since they are money losers I learned. So dont buy those things.

Chevrolet454ss

http://www.us-coin-values-advisor.c...or-sale.html

Above is a great website that discusses that issue. It seems keys are the way to go.

Lincolns are hot right now. Also, I think lower grade keys tend to be good investments. Especially those grades where the next higher sees a huge price jump. And even better if you can obtain a (lower), hard to find grade. I won an PCGS G6 1922 plain cent with strong reverse for just under $600 (including shipping). I was ecstatic because that's a really tough hole to fill, and they're impossible to find in such low (reasonable priced) grades.

Last I will say it's not a good idea to buy coins if you only view them as an investment. Hobby first, investment second? Absolutely. There are much better and more efficient places to put your investment money. Also, if you're not a hobbyist, the learning curve of the Coin World would be overwhelming.

If you're collecting then you might be best off going with what everyone else thinks. You'll have a lot of fun no matter what you collect if you pay attention, but you'll have more company if you go with the crowd.

It's not a good idea to invest in collectibles probably but the way to make money in any investment is to be a contrarian. It's very difficult to get in early if you go with the crowd and even tougher to get out in time.

You asked, " Do you all think buying lots of silver is a good investment?"

If I'm not mistaken, the price of silver has doubled over a relatively (recent) short period of time. That does not mean it'll continue to go up anymore than it means it may stall.

Jim

Thanks for the help!

THANKS FOR YOUR EXPERIENCE IN ANSWERING MY QUESTION JUSTCARL.

key dates any grade but they must be problem free. Everybody hoards keydates and they dont see the light of day. All my keys and semi keys are locked away. waiting for me to retire which is around 15 years from now.

I like being a contrarian collector because I can understand it.

I've never been able to understand going with the crowd. The higher prices go, the closer you get to the top. It doesn't matter where the top is. Each spike brings you closer which means there is less time left or more potential risk. And there is less distance which means less potential profit. It's increasing potential risk for decreasing potential profit. Maybe I need one of those persons they call "talent" from wallstreet to expain that one to me.