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 Replies: 22 / Views: 4,215 |
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Bedrock of the Community
13014 Posts |
Moderns are literally a crap shoot in terms of investment. You basically have to hope that not many people buy it or sales are cut short unannounced and that later one a lot of people want it. Theress very exceptions like the 2011 ASE set with a tightly controlled mintage where you can look at it and sayy without a doubt this ones going up in price. You can take educated guesses on what has a good shot but in the end its still just a guess. Some pan out, some fall flat, and sometimes something completely unexpected gets hot. They you get into grades and you can have grade rarities like an ms 70 5 star general half, or you can have the exact opposite like the 2013 ASE set where even the 70s are flat at this point with just a small premium over grading costs because they were so well made. Basically with very few exceptions ultramoderns from the mint really arent the place to be looking for investments. The upside is usually pretty limited while the chance of it doing little to nothing price wise is very real. Basically get what you like. The silver stuff usually does okay but you generally need to get lucky to have bough something that sees a significant price spike. Those spikes usually fade some over time too as the product cools off and more people got what they wanted. |
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Valued Member
United States
337 Posts |
Like everyone said moderns are a crap shoot. The best bet in my mind will be any error coins and silver coinage.
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Pillar of the Community
United States
3789 Posts |
I tend to agree with Fox and his point as I have experienced that several products, silver and gold, to tend to accrue value.
I also agree with Sel: collect what you LIKE, that you are interested in AND enjoy them.
I do both myself, I get what I like and I try to stick to whats moving or will move in the future. Like anything, trends and cycles come and some items are always like stalwarts were they dont budge in price.
Again, another factor is where silver and gold prices are headed. We still dont have a clear picture yet. This is not a time to be buying as we dont know if this rise in prices is "it". So you could start now but dont be surprised that prices are all over the board. Several coins I was stalking to plug holes dropped in price as gold and silver tumbled and then after a few weeks and months, they started to get stable and even have risen.
So its going to take some time to observe prices, be patient. Remember too that sometimes small limit runs dont guarantee that a coins price is going to rise. I think the biggest edge in terms of profits in coins belongs to the flipper. Over time you should be OK, but again remember that many coins, in fact the vast majority of coins wont really be worth much.
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Pillar of the Community
United States
4901 Posts |
Not really related to the thread topic but since silver prices were mentioned.....I started going strong back into silver bullion buying when it was in the $19 range and have been snagging any deals I find...not just buying everything but waiting for deals .. ASE rolls...10 ounce bars..great sales the last month...not much right now I pegged $19ish as a bottom but we will see... |
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Bedrock of the Community
13014 Posts |
Silver prices are relevant in the sense that most silver items have done well from the significant gain in spot prices. So a 2002 silver set selling for more than issue price doesn't necessarily reflect more than the silver price change.
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Pillar of the Community
United States
4901 Posts |
Correct...but at least they have not lost value as the non-silver sets have... Quote:
...............original cost..present value
2002-S .........$19.95....... $6.00
2002-S Quarters $13.95.... $3.00
2002-S Silver.. $31.95....... $37.00
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Pillar of the Community
United States
3789 Posts |
well...
I have seen the price of the 25th anniversary set silver eagle set fall since I bought it on after market after missing it back when it was released... and part of the drop was the silver price. IF you bought it from the mint directly you are in great shape,, I couldnt, I was too busy to get it.. so since I was keep my collection up to day, I paid up.
Thats why, I think, short term, advantage, 100% is in the favor of the flippers, it reminds me of my job as a trader.... long term, some coins , if you sit tight and hang on, you follow the ups and downs... just as a long term investor.
Coins are like a secondary investment I think. If you want PMs to invest in, you buy bullion and park it. period. Or you come to the financial markets and buy either futures or ETFs, such as SLV or GLD which let you tap the market directly and offer you 100% liquidity.
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Valued Member
United States
72 Posts |
I recently took a good hard look at US Proof sets, particularly the silver proof sets. I've just started to buy these in quantity with the intention of selling them in 3-5 years. A little research has shown that these sets have always gone up in value significantly.
I agree with Foxwoods Man and am heading down that road of investing.
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Bedrock of the Community
United States
20753 Posts |
NONE. I suggest keeping away from modern stuff. The Mint is now doing the same thing they did with postge stamps. Samd thing that happened to Beanie Babies, How Wheel Cars, Sports Cards, etc. Flooding the market. The Mint is now making all sorts of just stuff. Note how almost all Proof Sets are less than the issue prices in value. Almost any coins are minted in the Billions and they are mostly clad stuff. Actually any coins are a poor investment idea. So many will say a coin is worth this or that but in almost all instances, that is what it is selling for by dealers. If you tried to sell the same coin, you'ld find not the same thing.
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Pillar of the Community
United States
6130 Posts |
Coins bought for more than their face value will only be a good investment choice if: 1. The coins are a bullion investment and you luckily manage to buy low and sell high (e.g. buy at $4/oz back in the 90s and sell for $49/oz in 2011) 2. The coin/set was underappreciated and under-ordered when it was being made and demand far exceeds supply several years or decades later--this was the case on an EXTREMELY small number of special sets back in the 90s, such as the sets that included the '96-W dime or '98-S matte proof half. 3. The supply of coins is significantly depleted years later (the gov't hasn't done a mass meltdown since the 1930s, and the great coin melt of the 80s didn't affect the price of junk silver) 4. You get EXTREMELY lucky and get an error coin or previously undocumented variety As previously stated, it's a craps shoot. The most critical part of getting the "best bang for your buck" is to (correctly) anticipate when a certain issue will peak in value, either in absolute terms or relative to inflation. Like a fine wine, most coins reach their prime roughly 1-20 years after release, rather than becoming more valuable on an infinitely proportional scale. A few examples: 1. The 1950-D nickel reached a peak of $25-35 in circulated grades back in the '60s. Today I can go on ebay and get a circulated '50-D for like $5, or a choice uncirculated specimen for $25ish. 2. The "godless dollars" (president dollar coins without the edge lettering) sold for several hundred dollars back in 2007 when the supply was unknown. Now they sell for $50-85ish on ebay. 3. Likewise with the 2009 cents. In 2009, people were selling $25 boxes for $250-350 each. Now they barely sell for double face value. Certain modern coins are an excellent 1-10 year investment choice. I can't think of any that would be a good 50-100 year investment choice. |
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Pillar of the Community
United States
7196 Posts |
The 1/2oz gold spouse series.
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Pillar of the Community
United States
2273 Posts |
Don't invest in any coin.
There are a lot of moderns that will lead price increases over the next few decades. Many of these are world coins but US moderns also will lead the US market which won't have the spectacular increases that world coins from all centuries will enjoy. US moderns that must do well if thge hobby is to survive at all are circulating coins and just aboiut anything that's rare. I'd be a little leery of expecting good returns on coins that exist in a very narrow spread of grades. A PR-70 is not a safe bet at a large premium if most of the rest are PR-69.
Collectors need to do due diligence and in a hobby that means getting out there and finding out for yourself what is hard to find. Along the way you should sell some coins so you know their true value.
While moderns will lead the market, the only buyers who are certain to have the right coins are collectors. Investors tend to end up with coins that are easy to find and collectors end up with at least a few scarcities.
Time don't fly, it bounds and leaps.
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Valued Member
United States
368 Posts |
for me,i collect coins and currency that I find interesting, regardless of price increase/decrease over time. if you want a good investment, buy silver bullion (1oz ASE, 5OZ ATB 10OZ ingots) to name a few |
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Pillar of the Community
United States
586 Posts |
Proof cents if we decide to follow in the footsteps of Canada. The increase on their high quality penny values after the denomination was discontinued was more impressive than what I thought would happen. Other than that, I agree with everything that has been said previously especially with high quality low mintage coins. Depending on how far of an investment you are thinking, If the minting processes become even more precise than they already are, I would suggest error coins. They are always fun to collect anyway in my opinion.
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Pillar of the Community
United States
1300 Posts |
Silver proof sets american eagles junk silver non numimatic sets for silver value numismatic stuff for numismatic value... 2000-2006 silver proof sets sell at near melt now 1999's and 2007-current have a premium.. The silver proof quarters are at melt now as well... IMHO
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Replies: 22 / Views: 4,215 |
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Posted 02/22/2014 3:35 pm
