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If You Could Invest $20 Weekly Into Coin(S) What Would You Get

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 Posted 06/21/2011  2:20 pm  Show Profile   Bookmark this reply Add bwbollom to your friends list

Quote:
If you want to spend $20 per week on coins, I would suggest buying silver coins, like Roosevelt dimes, Washington quarters, or Franklin halves. But stick to uncirculated coins. These will hold their value batter if the price of silver drops. If silver rises, you win either way.


That's about what I was going to say. I've been thinking about doing the same...$10-30 each week. I'd probably go with dimes I can get at close to melt. Most likely 64 Roosevelts...you should be able to get pretty much AU ones for around melt. At the current silver price (around $36 & change), you could almost squeeze in 8 per week for your $20. They'll stack up quickly!
Edited by bwbollom
06/21/2011 2:21 pm
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 Posted 06/21/2011  2:26 pm  Show Profile   Bookmark this reply Add wrestling_135 to your friends list
ASEs :) (Or Franklins if you had to buy it, not like an ongoing investment)
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 Posted 06/21/2011  2:42 pm  Show Profile   Bookmark this reply Add CelticKnot to your friends list
This is a great thread! it's interesting to me partially because I dropped by the local antique market a couple weeks ago and they have a coin shop in the back. Giant safes, guys sorting through piles of coins, etc. Anyway, the owner started chatting with me and suggested that I spend $20 (or whatever I was comfortable spending) in silver every week. Of course, he wanted to sell it to me at spot (or just a tiny bit higher). That's when silver prices were near $50 so I'm sure he would have been thrilled to unload a couple hundred dollars of silver and almost certainly make a huge margin. Still, that's a good approach to long-term investing.

I think I will take some of the advice here and start snagging rolls from banks.

Oh, and to the newcomers!

Rest in Peace
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9104 Posts
 Posted 06/21/2011  5:51 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list

Quote:
These will hold their value batter if the price of silver drops

If the batter rises, the value price of silver may pancake.
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 Posted 06/21/2011  10:31 pm  Show Profile   Bookmark this reply Add angel2004 to your friends list
Well, I would get $20.00 in nickels each week. I started doing this a few months ago just to have them due to their intrinsic value being higher than a nickel. There are articles written on saving nickels now while the metal is still copper and nickel. Saying a win win 'investment'. Well, in the first $20.00 I got the very first roll had a war silver nickel. Upon looking through the rolls to verify, I found MANY pre 1960s nickels including buffalos. My point is that the nickels along with being 'real money' can be collected in coin books which is what I have ended up doing. My real intent was just to put aside a few hundred dollars in nickels, just in case they ever became like pre 1965 dimes, quarters and halves! I have found about 22 silver nickels and the same in buffalos along with a few Canadian pre 1982 nickels that are 99% nickel, including a 1929! Anyway, with $20 per week that is what I would do. Silver dimes are another investment that you would be able to buy a few per week or just save up. I did see the pennies as well, but more work! Whatever you decide have fun! If you can find a bank that has a few rolls of halves, that's another idea, but just mainly to search for 'free silver' I have gone through some of them and have found some silver halves (remember the 65-70 are 40%, many are unaware and they can be found in rolls in quantity, not just a stray silver coin)
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 Posted 06/22/2011  09:41 am  Show Profile   Bookmark this reply Add upstate to your friends list
Franklins, then move on to Walkers, nothing sweeter than those heavy 90 percenters;
if ,of course, you like them.
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 Posted 06/22/2011  09:52 am  Show Profile   Bookmark this reply Add junior e to your friends list
I would start out buying some common date Mercury dimes in XF-AU condition. I just really think Mercury dimes are beautiful and historic coins to get you started. I think that Mercury dimes and Buffalo nickels are very classic designs that my spur you on to collect more vintage pieces as your knowledge and income grow.
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 Posted 06/22/2011  5:15 pm  Show Profile   Bookmark this reply Add everything to your friends list
ASE coins, maple leafs. Small gold coins, lower mintage, or maybe rare coins, typically graded.
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 Posted 06/23/2011  09:16 am  Show Profile   Bookmark this reply Add just carl to your friends list
One idea not covered yet would be to send me that $20/week. This method would be advantageous since if out of reach you wouldn't be tempted to blow it on anything useless.
I would use your money to buy coins and tell you how nice they look in my Albums too.
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 Posted 06/23/2011  09:48 am  Show Profile   Bookmark this reply Add harrison2 to your friends list


I agree with most comments so far...for me, there are three major factors that come into play with a decision like this:

1. How much time do you have? If you have lots of time, you might really enjoy roll searching pennies, nickels, and halves. If not, avoid spending your money that way...remember high-volume collecting is a timer killer.

2. What are your likes? If you really like silver, then the suggestions on War Nickels, dimes, quarters, and halves are a great way to go. Even darkside silver can be LOTS of fun. If you like gold or copper...or coins with high premiums, start saving that $20/week. That's the way for YOU to go! Also, I have found that ebay can be a great way to pick up some coins IF you know what you are looking at.

3. How constant are you? If you like to switch things up quite a bit...that's fine. Plan accordingly. If you think you can save for moths and months to get that big $$$ purchase, great! If not and you need more immediate results/stisfaction from your spending, then maybe a less costly, smaller series is the way to go. (i.e. Franklins)
Edited by harrison2
06/23/2011 09:52 am
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 Posted 06/23/2011  10:21 am  Show Profile   Bookmark this reply Add wulffy11 to your friends list
If I had five more dollars of allowance, it would be a brick of pennies a week!
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 Posted 06/23/2011  11:58 am  Show Profile   Bookmark this reply Add angel2004 to your friends list
So to the OP, have you liked or used one of our ideas?
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 Posted 06/23/2011  2:53 pm  Show Profile   Bookmark this reply Add jbuck to your friends list
I would finish off the sets that I am currently working one. I might not be able to get a coin each week, but I assume that combining a few weeks would be okay.
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 Posted 06/23/2011  8:11 pm  Show Profile   Bookmark this reply Add Scott W to your friends list
There are two ideas I like in here.

The first one is about books. Does anyone have recommendations about a good book for someone interested in Franklin and Walking Liberty halfs?

I am also interested in Uncirculated Franklin halfs, and possibly proofs.. How much of a premium over silver price would one expect, and are there some tough dates in the series?

Rest in Peace
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9104 Posts
 Posted 06/23/2011  8:40 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list
Join the ANA, and you can borrow their books for the cost of postage.
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