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 Replies: 26 / Views: 3,895 |
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New Member
United States
40 Posts |
If the original question was "What is special about coin collecting to you? Why do you do it?" then I could understand some of the responses, but the poster asked a valid question that has merit, why try to teach him a lesson about what coin collecting means to you? Okay, anyways I would say pennies because of the high copper content in the pre82's that can be sold above face value. Also you can fill your holes and make a little money on the side. If not pennies then halves, while there are a lot of skunks who knows, maybe you'll score a huge find.
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Pillar of the Community
United States
1256 Posts |
Watching the news you might be better off with cotton! Crazy weather!
Keep every LP4 2009 Lincoln you find. Buy everyone you can get at face. For a good profit later, I wouldn't pay more than x2 only because too many people got them for face. This is of course assuming you can find some. In all my roll searching I have never found one.
Cooper cents will always be a bet even if they don't lift the melt ban. People will still think they eventually will and those people are the your target not the smelter. If they do lift the ban a lot of cents are going to vanish! Enough to matter? Checking the crystal ball... hmmm maybe not.
BU rolls of anything will likely be worth some small premium. The hard part will be getting rid of them. Just too many. Plus there's the whole interest thing.
Yeah, like I'm some kind of expert Ha!
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Valued Member
United States
425 Posts |
Not sure I am following your train of thought....... but I started collecting quarters a few years back. Found that it is very hard to cash them in. Now I pick up Bank rolls of the golden dollars. I found these containers that hold 16 rolls standing up on each layer,(this lets me count by $400 layers fast). They may never be worth more than face value, but it is a nice little emergency fund under the bed. Also, if someone wants to pay me they can check the Washingtons and any others for any oddities they want. They are all rolled from the mint.
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Valued Member
United States
212 Posts |
Tdouglass:
Are you talking about coins found in rolls or collectable coins to purchase with the hope of them increasing in value over time?
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Valued Member
United States
302 Posts |
What is the LP4 2009 cent? Never mind I looked it up.
Edited by Cud Wild
02/18/2011 01:25 am
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New Member
 United States
25 Posts |
Quote:
Tdouglass:
Are you talking about coins found in rolls or collectable coins to purchase with the hope of them increasing in value over time?
Either or, just something that will likely gain value over time. |
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Bedrock of the Community
United States
17884 Posts |
For the most part if you were to put away nice Unc rolls of most anything, except maybe quarters, and didn't do all the same dates and mints, after fifty years there will probably be some in your hoard that are worth more than you paid for them. In fact after 50 years most all of them will probably be worth a small premium over what you paid. But almost certainly the sum total will be LESS than if you had just put the money in CD's over the same fifty years. And certainly less than if you had invested in mutual funds or other more lucritive investments.
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Valued Member
United States
54 Posts |
I'd say roll hunt for silver coins. You'll make a profit just by doing that. The trick is to invest the money that you sell the silver coins for, and keep on reinvesting. I'd like to get to the point where I can buy mutual bonds with the profits I made from roll hunting, which I think give tax-free interest income. Then use that income to reinvest with - rinse and repeat. Maybe you could put the funds into an IRA? I am sure there are better ways, and my knowledge is really limited on this subject, but its just my humble Two Cents. |
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Pillar of the Community
United States
573 Posts |
You could search cents, pull out the copper and sell it as coppper bullion. At $4.47/lb for copper (today's close), $50.00 in copper cents contains $145.00 in copper.
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Valued Member
United States
186 Posts |
The coins that I've found that make the best investment... are the coins that everybody wants.
Key date, and semi key date coins, in the right grade, have shown the best over the years.
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Bedrock of the Community
United States
20753 Posts |
Quote:
I was wondering, what coins are the best for making investments for the future? This means either reselling for an immediate profit that could be saved up, or saving because they will be worth more later.
Thanks
In reality your asking a question that really, really has no answer. And if it did, no one here would tell you, you know. Think of what your asking. Sort of like asking which stock in the stock market should I invest in for tomorrows sales for the biggest profit? Or which horse at the races will give me the best returns? Or where can I find a wife with a lot of money so I don't have to work? One lots would like to know. What other hobby is there where I can make a lot of money? Think of this. If you knew of something that could make you a lot of money but if to many others knew of it, the profit would drop, drop, drop. Would you tell us? Collect coins for fun. There really may not be a tomorrow you know. Edited by just carl
02/18/2011 9:48 pm
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Rest in Peace
United States
9104 Posts |
I don't know what an LP4 Lincoln is, I'm guessing one of the four designs made that year.
If so, my guess is that any shortage of them is that there are so many coins being turned in through Coinstar and people breaking into piggy banks because they're broke, that there just hasn't been any need to pull new coins through the system.
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Pillar of the Community
United States
880 Posts |
I didn't read all the threads so if this was said please forgive me. If you're looking for an investment in coins, my only suggestion to you is the Key Dates. And still then, no one knows for sure what will happen with the value of them. In my opinion, coin values are going to go down with all the counterfeits out there now. Look what counterfeiting did to baseball cards...
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Rest in Peace
United States
9104 Posts |
Cards were not destroyed by counterfeiting, but by overproduction by Topps, Fleer, + Donruss.
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Pillar of the Community
United States
594 Posts |
Quote:
But if you're looking for something to stick in a sock drawer...buy a few rolls of LP4 2009 Lincoln cents. They are very scarce. P mint seems to be a bit more difficult to locate than D mint. I am already offering 4X face for them with no bites to sell. I figure that number will only go up with time.
 I bought the two roll set from the mint, stuck them in a tube and forgot about them. When I roll search, I pull both LP1 and LP4 P&D.   |
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Replies: 26 / Views: 3,895 |
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First Page
Posted 02/17/2011 4:20 pm
