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Replies: 35 / Views: 6,415 |
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Valued Member
 United States
301 Posts |
Thanks for your in depth response. I was hoping to get some good thought out replys for anyone who reads this to consider!! Thanks again!!
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Valued Member
 United States
301 Posts |
Thanks for your in depth response. I was hoping to get some good thought out replys for anyone who reads this to consider!! Thanks again!!
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Valued Member
United States
139 Posts |
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Valued Member
United States
61 Posts |
I agree with the book idea, however, you asked for coin info, and the ASE is more bullion than a coin, SO; I'd also suggest an MS 64 Morgan dollar, certified of course. It is handy to have one available for reference as your grading skills develop. I have varying grade certified Peace and Morgans for that very purpose. PS, perhaps your library has some books, if not, obviously I-net is a fantastic resource.
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New Member
United States
26 Posts |
I'm gonna go in a different direction from what seems to be the consensus and say a nice original XF Seated or Barber quarter. I'm partial to old circ grade coins though.
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Moderator
 United States
23522 Posts |
Quote: So my follow-up, for those who have studied this subject, what ONE Morgan or penny ( that started at around $20 in value say ) has provided the best ROI in the last 25 years? First: The terms "coin" and "investment" don't belong in the same sentence. Coins are not investments. Only the most wildly speculation-driven examples come close to matching the long-term performance of far more reliable investment vehicles, and only the highest-end, top-of-the-market rarities have recovered their late-1980's price levels today. One auction with two overenthusiastic bidders can skew "appreciation" numbers for a decade or more. Now, to address the actual question: It matters not at all what the one single best performer is right now. That coin is almost certainly an aberration, driven by auction fever. Its' value bears no resemblance to real-world worth, and is no indicator whatsoever about future performance.
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Pillar of the Community
United States
5838 Posts |
Half the time when I thought the coins I bought will increase in value over time, it didn't! Or I didn't flip fast enough to make profit. And the other 45% stay about the same, maybe 3% gain a little, and the balance that did go up I didn't buy enough.
The odds are not favorable. I can't make recommendation, just collect what you like most!
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Valued Member
United States
170 Posts |
Well you can get a 2 and 1/2 or 2 Gold Paso coin for right under $100 as I have one of each..
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Valued Member
 United States
301 Posts |
Thanks for the suggestions. We have gotton alot of opinions on here, so now I will give mine....When I buy a coin, I always try to buy a raw, higher grade piece, hopefully for a decent price reflecting its raw state. Sometimes I buy up junk silver also, mainly because I live the older coins design even if heavily circulated..(barbers,SLQ, mercs, franks) In my opinion, coins are a great place to put my money. You physically posess them, you can enjoy them through building a collection, and its very unlikely you will lose money if your buying intelligently.I am not suggesting that myself or others should invest ONLY in coins or bullion, just spend what you want and you will almost always get it back down the road. Its not as much fun to me to collect Stocks, Bonds, or Mutual Funds, (even though I do invest in them) and when myself and others I know had their investments vaporised in 2008, my collection didnt suffer a bit. So, buy what makes you happy and furthers your interest in the hobby. I personally appreciate the coins more for their historic value over their monetary price and will hopefully be able to pass down my love of them and my collection to my children. Thanks again for all the great replys.
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Moderator
 United States
23522 Posts |
Nicely done, coinaddict1795. You've just provoked a very interesting discussion. 
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Pillar of the Community
United States
3486 Posts |
Morgans have had up years and down years. But a nice, circulated CC would maintain its place. MS dollars can be hyped. Circulated CCs cannot.
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Valued Member
 United States
301 Posts |
I hear that alot about morgans. On my bucket list is a CC Morgan set. Probably have to go with VF or below, for obvious price concerns....
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Valued Member
 United States
301 Posts |
I am surprised there are no suggestions about a low grade or small denomination/weight gold coin.... I bought a lowball 1850 gold dollar for $95 at a swap meet. I wasn't concerned about counterfeit because of the low grade. You can find deals, you just have to look.
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Pillar of the Community
United States
6370 Posts |
Cherrypick 4 very rare varieties for $25 each.  Hasn't happened to me yet, but I hope it will.
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Pillar of the Community
United States
4883 Posts |
If you're spending $100 looking for appreciation, my advice is not so much for any specific coin, but to buy quality - stay away from the bargain "problem" or "details" specimens, as the flaws will never get any better. There's a limited supply of truly higher grade examples in almost any specialty, even for the "common" issues, whether it be Morgans, Indian Head cents, whatever, and there will always be a buyer willing to pay top dollar for a coin that doesn't have a "but for" excuse attached to it.
Colligo ergo sum
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Replies: 35 / Views: 6,415 |
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