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Worst Numismatic Investments Ever

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 Posted 09/28/2015  01:37 am  Show Profile   Bookmark this reply Add Bertensgrad to your friends list
Silver and gold coins. They will never be worthless just worse case melt value.
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United States
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 Posted 09/29/2015  10:23 am  Show Profile   Bookmark this reply Add Conder101 to your friends list

Quote:
Hmm, my entire collection of US coins consists of annual proof sets from 1999 to present. Can I retire from the profits?

Yes!!

If the funeral is tomorrow.



Quote:
Okay, how about this. What would you buy now that 20 years from now your excited grandkids would take to a coin dealer and not be told that they were worthless?

Doesn't matter what they take to them there is no guarantee the dealer won't tell them that it is worthless, even if it isn't. And if they don't appear to know what they have.
Edited by Conder101
09/29/2015 10:28 am
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 Posted 09/29/2015  7:59 pm  Show Profile   Bookmark this reply Add paralyse to your friends list
I'll concur with most modern Proofs and quite a few modern commemoratives.

State Quarters with a minor Strike Doubling seen under a 10x glass for something like $20 or $50 each as SUPER RARE DDO's. There are going to be some very disappointed victims/buyers.

Columbian Expo half dollars. The same amount of money spent on newly minted 189x Barber halves would have been a much more profitable investment.

"Unsearched" rolls of anything. Period.

The "small date/large date" craze when applied to the 1960-d and 1982 cents.

Anything in a NNC basement slab.

Not all odd investments are losers: the people who saved BU rolls of post-silver 1960's quarters or 1982/1983 Philadelphia mint coins must have been thought to be really, really strange or poorly informed when they were stashing those rolls. They're now the ones laughing all the way to the bank.
Member ANA - EAC - TNA - SSDC - CCT #890

"Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis
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United States
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 Posted 09/29/2015  9:23 pm  Show Profile   Check captainrich's eBay Listings Bookmark this reply Add captainrich to your friends list

Quote:
"Unsearched" rolls of anything. Period.


paralyse, certainly you don't include those paper-wrapped wheat rolls on ebay that just happen to have Indian Head cents visible on both ends.
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United States
123 Posts
 Posted 10/11/2015  07:35 am  Show Profile   Bookmark this reply Add Stephen Z to your friends list
How about brass coins collected for bullion value? (Aluminum coins I guess could be recycled with soda cans.)
Valued Member
China
171 Posts
 Posted 10/11/2015  07:43 am  Show Profile   Bookmark this reply Add TomSwift to your friends list
I see so many of those "unsearched" rolls for sale on ebay. Are the comments posted about the great finds all done by shills?
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 Posted 10/11/2015  07:53 am  Show Profile   Bookmark this reply Add peter1234 to your friends list
The undated 20p from 2008.
They were snapped up on ebay at the time for £300+
Now selling for £30 to £40.
Also prices for 1950 an 51 1d's haven't effectively moved since the mid 60's
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 Posted 10/11/2015  2:30 pm  Show Profile   Bookmark this reply Add CelticKnot to your friends list
Kennedy Coin & Chronicles?
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189673 Posts
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 Posted 10/12/2015  10:20 am  Show Profile   Bookmark this reply Add OspreyCoins to your friends list
Uh-oh! I think we have a winner!
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 Posted 10/16/2015  5:35 pm  Show Profile   Bookmark this reply Add murty to your friends list
Basically proof sets from 1968 and on!
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 Posted 10/16/2015  5:43 pm  Show Profile   Bookmark this reply Add OspreyCoins to your friends list
More like 65 and on...
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 Posted 10/16/2015  6:03 pm  Show Profile   Bookmark this reply Add jbuck to your friends list
Well, no proof sets in 1965, 1966, or 1967, so 1968 and on is more accurate.
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 Posted 10/16/2015  9:40 pm  Show Profile   Bookmark this reply Add Paul Bulgerin to your friends list
This is a very entertaining thread. I've just read through the whole thing and enjoyed everyone's comments.
Paul Bulgerin
Valued Member
China
171 Posts
 Posted 10/16/2015  9:56 pm  Show Profile   Bookmark this reply Add TomSwift to your friends list
Like I said before, my entire US collection consists of Proof sets from 1999 onward. I guess my plans to retire off the massive profits and buy a boat are all gone. I guess I will sell everything and invest in Susan B. Anthony dollars. Got a feeling about those beautiful things.
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