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 Replies: 78 / Views: 12,448 |
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Valued Member
United States
207 Posts |
Quote:
now I just have some investment questions for you I would not call any modern an investment that will pay off in high yield within a 10 to 20 year period. It just is not going to happen with modern coins in a very short time. You might want to wait a hundred years or so. There are fads like the 2007 rev on the 2008 burnished Silver Eagle but the prices jumped like mad but since have dropped. The only modern that I would probably place as an investment is the 1995 W silver Eagle proof. Low mintage very low mintage for the eagle. I wonder if the 2009 W proof is going to be low this year when they release them in Oct or Nov |
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Bedrock of the Community
United States
14454 Posts |
what made the 1995W silver eagle so special is it wasn't available in anything except the Gold collection. It was very expensive because you had to buy the 4 Gold eagles with it and not allot of them were even sold and now that the silver eagles are so popular this is the one coin most of them need to have a complete set which since there aren't that many around the price goes up because the demand for it has gone up. if I remember correct the whole set cost me about 1100 bucks in 95 and now that one coin can sell for that much or even more and you would get all the gold coins free. Again this is just a special thing that some had the foresight to see was going to happen and others even if they saw it couldn't afford to purchase one at the time they were available. The most recent thing like it (in a smaller sence) was the 3 silver eagle coins (reverse proof,proof,and MS silver eagles) for the 20th anniversary. I bought like 20 sets of those at 100.00 a piece and again just the reverse proof can sell for 2-3 times that amount
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Valued Member
 United States
99 Posts |
Hey markapsolon, you said only modern coins with very low mintages have short term investment potential. Well, what happened with the State Quarters!? Edited by acramos1
07/24/2009 1:27 pm
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Pillar of the Community
United States
2589 Posts |
most of them are worthless
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Member
United States
917 Posts |
Could you clarify what you mean acramos1 please ? I wasnt aware of low mintages on State Quarters or increased value , seems most anybody could put a decent set together from circulation , thanks |
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Valued Member
United States
99 Posts |
What I mean is that the clad and silver proof State Quarters did not have low mintages at all, and look what happened to them! |
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Valued Member
United States
99 Posts |
You going to answer my question, markapsolon?
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Member
United States
917 Posts |
..er..what happened to them ?
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Member
United States
917 Posts |
 You gonna answer my question acromos1? |
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Valued Member
United States
323 Posts |
Jeez acramos1 calm down, your being kind of rude, I mean everyone else waits there turn patiently for questions to be answered and I don't get what's so hard about it.
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Valued Member
United States
207 Posts |
Quote:Hey markapsolon, you said only modern coins with very low mintages have short term investment potential. Well, what happened with the State Quarters!? I just saw your post because I have not been on the forum for a few days. I was just talking about the 1995 W silver eagle and it is one major example of a coin that grew dramatically. yup the special mint W set for 95 was pricey but they disappeared really quickly. You can still find them for around 4-5 grand in mint boxes if you look around. I bet you can have each slabbed too at around PR68 to 70 (70 if you are lucky. You can always keep submitting it again and again) There are many fads that develop with moderns like the 2008 W rev 07 but the 1995 W was not really one of them imo. I think the Lincoln Penny proofs are going to be popular but I would not place it as an investment coin unless you add 100 years to the investment. I could be wrong but I know the mint is going to produce tons of them. Well you can buy a set of silvers or clad quarter 1999 proofs if you want but..lol there are tons of people hoarding them from when they were released. Let me ask the question to the board members. How many of you guys have a 1999 (clad or silver) proof set? in the mint packs? I still stay the only real investment coins are the older rare coins with a low mintage. Those are the ones that have grown the most in my collection. It never hurts to buy the moderns too... they are also lower in price  Edited by markapsolon
07/28/2009 01:59 am
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Bedrock of the Community
United States
12437 Posts |
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I still say the only real investment coins are the older rare coins with a low mintage This statement goes well with your comments on the 1995W Silver Eagle. Just a year or so ago, it was selling for $4500-5000 and the 2006 Reverse Proof(mintage 250,000) was selling for $350 or so. The high end modern market has all but collapsed recently- the 1995W Silver Eagle now sells for less than $3000 and the 2006P Rev Proof can be had for about $175. These are not isolated examples, other pricey moderns have fallen as well. I cannot think of any classic rare coins that have lost 30-50% of their value in the past year or two. |
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Bedrock of the Community
United States
14454 Posts |
another thing with moderns, if you happen to have the next hot thing the mint produces and its starts selling for stupid money from what I have seen you better go ahead and get rid of it because in a year or so the bottom falls out of it and you can barely give them away. When the item is hot everyone wants it when they are not nobody wants it anymore. A man that follows modern trends will go broke in no time because he will have a large sum of money in coins that he can only sell for a small fraction of what he paid. I always say if you fins something newly minted and you don't like the price they are selling for, wait a year and if you still want it you will probably like the price allot better also because it will drop more and more through time as more and more people find them or buy them at high prices and the demand drops, each time someone buys the coin the demand drops a little bit, if just about everyone that wants one buys one there is no market for them and the bottom falls out
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Valued Member
United States
207 Posts |
Quote:
I cannot think of any classic rare coins that have lost 30-50% of their value in the past year or two. You bet I have watched my pre-1933 gold go up and up over the last year. One of my MS63's fell a little but it is back up again. Its mintage was not that low. In my opinion I think they might be going up a little to quickly but they will hold their value in the end. Edited by markapsolon
07/28/2009 11:38 pm
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Valued Member
United States
120 Posts |
I just finished reading a book on US proof sets and one of the comments they made was that all Proof Sets 2000 and above "should" rate out in the 68 to 70 range. Key word there is of course should.
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Posted 07/24/2009 02:52 am
