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

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Rsxtacee's Avatar
United States
737 Posts
 Posted 06/19/2011  02:45 am  Show Profile   Bookmark this reply Add Rsxtacee to your friends list Get a Link to this Reply
I'd probably do 90% silver. But since I'm trying to finish my Lincoln and Jefferson Dansco albums. I'd probably try and fill a few holes each week minus the key dates.
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DVCollector's Avatar
United States
10045 Posts
 Posted 06/19/2011  03:07 am  Show Profile   Bookmark this reply Add DVCollector to your friends list Get a Link to this Reply
The first month, I'd devote that budget to good reference books.
That way, I'll learn how to distinguish valuable coins others miss--and make the most of my budget.
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vermontensium's Avatar
United States
16679 Posts
 Posted 06/19/2011  04:04 am  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list Get a Link to this Reply
I'm with Tim Stroud but save for key dates, 09-S VDB, 16-D Merc, 01-S Barber quarter etc...
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w1a9c8k5's Avatar
United States
1348 Posts
 Posted 06/21/2011  05:00 am  Show Profile   Bookmark this reply Add w1a9c8k5 to your friends list Get a Link to this Reply
I would start one something less bullion related. Maybe Indian head pennies or Buffalo nickels.
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nod2003's Avatar
United States
3294 Posts
 Posted 06/21/2011  08:57 am  Show Profile   Bookmark this reply Add nod2003 to your friends list Get a Link to this Reply
If you want even a low grade 1901S Barber quarter, it would take 4 years with a $20 a week budget I would guess, so that might be out of reach. I would put together a set of the Franklin halves. Not too tricky and you would probably get it done within a year.
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United States
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 Posted 06/21/2011  11:12 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

Looks like everyone forgot to
all the new people
My suggestion is for $20 a week, just go to banks and get rolls of coins. Also, if you know a store in your area you may want to ask them too. Something I haven't don'e for a long time now was to try laundromats. I used to know when the owners would come by one near me and ask if he wanted to sell some change. I used to get about $50 worth from him each time I asked. Seldom found anything of great value but did find some.
Mainly as a new person in collecting I would start with friends, neighbors and relatives for any old jars, cans, boxes, etc. of coins laying around. Also, try garage/yard/estate sales and flea markets.
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epiphone805's Avatar
United States
38 Posts
 Posted 06/21/2011  2:09 pm  Show Profile   Bookmark this reply Add epiphone805 to your friends list Get a Link to this Reply
As a matter of fact,I do just that every week or so. I get $20-$30 worth of nickels from the bank and I get substantial results; silvers, lots of pre '58, and my two favourite finds ever: 1936 Buffalo nickel and an 1899 Liberty head nickel both in very nice condition. So roll searching is definitely worth it
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bwbollom's Avatar
United States
293 Posts
 Posted 06/21/2011  2:20 pm  Show Profile   Bookmark this reply Add bwbollom to your friends list Get a Link to this Reply

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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wrestling_135's Avatar
United States
802 Posts
 Posted 06/21/2011  2:26 pm  Show Profile   Bookmark this reply Add wrestling_135 to your friends list Get a Link to this Reply
ASEs :) (Or Franklins if you had to buy it, not like an ongoing investment)
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CelticKnot's Avatar
United States
12820 Posts
 Posted 06/21/2011  2:42 pm  Show Profile   Bookmark this reply Add CelticKnot to your friends list Get a Link to this Reply
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!

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biggfredd's Avatar
United States
9104 Posts
 Posted 06/21/2011  5:51 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply

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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United States
2168 Posts
 Posted 06/21/2011  10:31 pm  Show Profile   Bookmark this reply Add angel2004 to your friends list Get a Link to this Reply
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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upstate's Avatar
United States
3283 Posts
 Posted 06/22/2011  09:41 am  Show Profile   Bookmark this reply Add upstate to your friends list Get a Link to this Reply
Franklins, then move on to Walkers, nothing sweeter than those heavy 90 percenters;
if ,of course, you like them.
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junior e's Avatar
United States
931 Posts
 Posted 06/22/2011  09:52 am  Show Profile   Bookmark this reply Add junior e to your friends list Get a Link to this Reply
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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everything's Avatar
United States
493 Posts
 Posted 06/22/2011  5:15 pm  Show Profile   Bookmark this reply Add everything to your friends list Get a Link to this Reply
ASE coins, maple leafs. Small gold coins, lower mintage, or maybe rare coins, typically graded.
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