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 Replies: 26 / Views: 3,961 |
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Pillar of the Community
Russian Federation
5178 Posts |
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A none common $2.50 Quarter Eagel  or even a $5 half eagle, if you can find one for that money. Quote:
in NGC or PCGS plastic Only if you swing that way. Quote:
I think gold is in a long term downtrend. I would stay away. It could be, but a gold coin you buy for $500 (if it's not a $1 gold) is guaranteed to still be worth at least a quarter of that for the foreseeable future, which most emphatically isn't the case for anything else. On second thought, this seems to go against the spirit of your prohibition on bullion. If so... no idea. Classic proof of some kind? (The capped bust half suggestion seems nice though. But I'm really not a US coin collector.) |
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Pillar of the Community
 United States
3058 Posts |
Early copper 1793 flowing hair.
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Pillar of the Community
United States
6370 Posts |
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Common date Morgans MS65 and below trend with the price of silver. The MS65 common date Morgan has indeed dropped in value most likely because the low price on silver. On the recent price guides the common date Morgans MS62, 63, 64 have increased in price. Is this because the Morgan silver stack buyers are not buying the common date MS65 and investing in the 62, 63 and 64 common dates?
If and when silver takes another run to $40 an ounce, the common date MS65 will go up in price with the silver price increase. The flaw with your logic is that the price of MS-65 was still falling while silver was rising. I had an MS-65 Morgan that I got in 2006, and I watched it go down in value every year. Luckily, it was a prize, so I didn't pay anything for it. Also, the premium is large enough for it to not be affected by the silver price. |
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Pillar of the Community
United States
7390 Posts |
All coins except the six figure and above investment coins have dropped since the mid 2000s after the economy went in the crapper. When we have a great economy we have more disposable income and coin prices rise. Get ready for a boom guys!!
Edited by Cascade
05/29/2017 6:16 pm
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Pillar of the Community
United States
4470 Posts |
Here is a chart using the common date 1881 S Morgan MS65 against silver showing it follows the price of silver. Silver took a bump up in 2008 the 1881 S MS 65 went up in 2008, and in 2011 silver peaked at $52.94 and you can see the price of the 1881 S MS65 went up. The red line is silver and the green line is the 1881 S MS 65. On common date MS65 Morgans the price of silver has more impact on the price of the coin than the populations totals.  |
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Pillar of the Community
United States
6370 Posts |
Hm. That jump was not recorded in any of my Red Books. I guess it was very short-lived.
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Rest in Peace
10197 Posts |
I'm a financial zombie, fellas. What caused silver to spike so high over 2011 into 2012? Apparently I started stacking at the right time in late 2013 after it dropped. Any indications to watch for a future increase? Please no long answers, I'm too old and eyes glaze over if more than 150 words...  |
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Pillar of the Community
United States
4470 Posts |
In 2011 the confidence in the economy was still at a low and investors were looking at other ways to make money outside of the stock market. The historical gold to silver price had been 16 to 1, but gold had surged and this ratio was was put of balance. Investors started buying up silver because it was cheap compared to gold. The heavy buying created a shortage in the high purity bars and a false shortage of silver.
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Rest in Peace
10197 Posts |
So it was just a fluke, not something to expect in the near future...? At least until prior to next election cycle...  |
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Pillar of the Community
United States
3479 Posts |
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Mike, why do you say that about gold? The gold to silver ratio has been out of whack from historical norms for a very long time. I don't believe it is sustainable. My thinking is gold will drop like it did in the eighties and nineties. A long slow painful downtrend. Commodity boom and bust cycles normally take decades. Oil futures are in a similar downtrend. The author of this post was looking for American coins for $500 that wouldn't lose value. That's why I said that. Here's a recent article. But feel free to google 'gold to silver ratio' to learn more. https://www.fool.com/investing/2017...e-are-3.aspx |
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Pillar of the Community
United States
1795 Posts |
Id buy myself a nice piece of gold...probable a nice $5 gold Commemorative graded at either MS or PR70!
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Bedrock of the Community
United States
20753 Posts |
I'd do the opposite of what most would do. I would simply buy or try to buy $500 worth of Mercury dimes and try to make a new Album. |
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New Member
United States
22 Posts |
I'm a gold guy so I'd get a nice $5 Indian for $500.
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Pillar of the Community
United States
1261 Posts |
I'd invest in a semi-key date coin such as a 21-D Merc, 09-S Indian, or 14-D Lincoln (as examples.) Either that or a CC coin.
Those coins will hold value.
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Valued Member
United States
108 Posts |
I was also thinking of a slabbed low grade key date, perhaps a 1916-D Mercury, or higher grade 1909-S Lincoln perhaps. Probably won't appreciate much, but don't think you would ever lose money and it's a neat thing to have considering its scarcity.
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Replies: 26 / Views: 3,961 |
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Posted 05/29/2017 2:34 pm
