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Bedrock of the Community
Australia
21788 Posts |
I was buying Chinese cash coins thirty years ago, when few people were interested in them. I have most dynasties and emperors. It all started when received a copy of Schjoth. I used to troll through dealers junk boxes and buy them typically for 20c. I considered that they must be all genuine, because who would bother to forge these coins, when at the time, the genuine ones cost so little? I have 200 or so.
I do not think that they are good to buy now, because of the huge amounts of forged coins coming out of China, and I haven't the skill to pick a current forgery. Not in cast cash coins, anyway.
For something to invest in, develop an expertise in the area of numismatics that you are interested in. Best to invest in an area you understand, rather than an area in which you have little knowledge. The share market is the same way.
Edited by sel_69l 12/06/2010 02:31 am
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Pillar of the Community
United States
6326 Posts |
For the most part, American Classic coinage tends to hold it's prices very well. Meaning, it's not usually the "roller coaster ride" of price values that affect Modern Gold/Silver coinage. Most "Key Date" coins annual value, doesn't have anything to do with "spot prices" on any particular day. So, "investing" in these would be a "safer" bet, in my opinion. You're just less likely to "lose" much money, in the long run, by holding on to some "key date" coins. By retaining their value, and still potentially rising in value over years, it's just the wiser move. And you can pick up a RedBook, to see what all the key dates (and semi-key dates) are in ALL of the different denominations.
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Valued Member
 United States
286 Posts |
Thanks for the info Much appreciated!
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Bedrock of the Community
United States
20753 Posts |
If anyone knew what coin, what stock, what car, etc to invest in, they sure wouldn't tell you. And even asking that is kind of funny since if anyone did know what to invest in, they would now be filthy rich and sitting in some Aisland with beautiful women fanning them with palm leaves. Myself, I've investing in Buggy Whips since the price of gasoline for cars is getting outrageous and the horse and buggy will soon be coming back. 
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Pillar of the Community
United States
1534 Posts |
Quote: The only reason you want information on chinese coins should be So you can avoid them! Not true. Gxseries was talking about actual Chinese coins, not U.S coins minted in China (fakes) that you're referring to. And northwestseeker, if you're new to coins I would study a bit on grading, authentication, and the market before spending that kind of money on a coin, since people can still get ripped off buying slabbed coins.
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Pillar of the Community
Australia
3831 Posts |
The thing about counterfeits is if you cannot tell the difference between counterfeits and genuine examples, just to make life easier for everyone, just acknowledge that you are incompetent and you either need to learn more about it or just avoid it completely. You just DO NOT go around bashing about a certain race where counterfeit is a global epidemic problem. If you really think Chinese coins are cheap, think twice after looking at this: http://www.bowersandmerena.com/auct...essionid=109The key thing to any kind of investment is like almost everyone is talking about is that you should have a good idea of what you have. That includes spending time to research, keeping track of trends and so forth. If you can't be bothered, try lotto or other forms of gambling.
My partial coin collection http://www.omnicoin.com/collection/gxseriesMy numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htmRegularly updated at least once a month.
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Pillar of the Community
United States
594 Posts |
Quote: where can I find information on chinese coins?
Walmart! 
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Moderator
 United States
16679 Posts |
I'm sure there are key date Foreign coins worth investing in but in the long term, you cannot go wrong with TPG certified US key date coins. Here are a few examples that you cannot go wrong with and a track record to prove it: 1C- 09S VDB 14 D 5C- 1885 1886 1913 :-0 10C- 16 D 21 D 21 25C- 1896S 1901S 1916 1921 1923S 1932D/S $1- 1889CC 1893S Again, these were just to name a few.
swcoin.ecrater.com
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Pillar of the Community
United States
3294 Posts |
Note that the 1916 quarter is the standing liberty version, not the barber version.
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Moderator
 United States
16679 Posts |
Thats correct. Thanks nod! Some of these are well within the $500 range.
swcoin.ecrater.com
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Valued Member
 United States
286 Posts |
wow! thanks I will definitely look into those
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Bedrock of the Community
United States
17884 Posts |
Quote: Not true. Gxseries was talking about actual Chinese coins, not U.S coins minted in China (fakes) that you're referring to. IS TRUE. there are a lot of fake Chinese coins coming out of China too. As for that list that Vermontensium listed, it IS possible to go wrong with some of the coins on that list depending on timing. For example the collectors favorite the 1909 SVDB, in Unc between 1963 and 1988 increased at a rate of less than 1% per annum. A lousy rate but at least it did go up, still you would have done better just sticking the money in a savings account. It can also be important to consider the grade you want to buy the coins in. Most people will tell you to buy MS and the highest grade you can, but often you can get a better percentage return buying the lower grade coins. NGC's new price guide will be good for tracking this. Unfortunately its records only go back five years but the graphing functions can be most informative in showing percent increases. Coin World used to issue books showing Trends prices over the years which were good for showing price trend graphs over the years. I just did the comparison charts for the SVDB over the past five years in VF, XF, AU, MS-60, and MS-65. Over the past five years the MS-65 increased 25% MS-60 increased 30% AU increased 30% XF got up to a 40% return last year but is now at 30% VF increased 70% and shows a much steadier rate of growth. The XF rate of growth isn't bad either. The top three grades show some nice jumps but long periods of just staying flat. The MS-65 as been pretty much flat since Jan 2008. That's an expensive coin. If you "invested" in it you would be looking at a three year return so far of zero. Less than zero probably if you had to get out of it now. So over the past five years if you were investing in SVDB's the highest grade was the worst investment. It would not surprise me to find similar results with several if not most of the items on that list.
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Moderator
 United States
16679 Posts |
I have never been a proponent of "buy the highest grade you can afford" when it comes to keys. Actually, collector grades in G-F is a smart move as not only will they be great investments, but also more marketable to the average collector come time to sell. Most MS65RB 09S VDB' s for example our out of range of the vast majority of collectors.
swcoin.ecrater.com
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New Member
United States
11 Posts |
Hello all... I am new to collecting... Actually I have the back end of my fathers collection. Very old large denominations coin and paper, tons of cased proofs, lots of BU, MS+, Morgan dollars, gold pieces, ect. About 4 duffle bags worth of average to above average pieces. From watching him for years I know enough to say most are at least above average quality and most of his collections are still sought after by the coin community. Only knowing cause, many of his coin friends call and stop by begging to check what is left. I have turned all down thus far. With all that being said I would like some advice on how to invest, store, booking, grading, insurance, ect. What and how is the best way to continue his investment. Can this be used as legal capital so to speak, like land or housing. Can there be a career in this possibly. Is it better to start a dealer? Lots of questions and I apologize... This is the only thing I have to remember him by and would like to make it an investment. Any help would be great.
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Bedrock of the Community
United States
20753 Posts |
Quote: With all that being said I would like some advice on how to invest, store, booking, grading, insurance, ect. What and how is the best way to continue his investment. Can this be used as legal capital so to speak, like land or housing. 1. Stick around here and ask, ask, ask, ask, ask 2. Buy yourself a Red Book, sit down and look though it to see what you may or may not have 3. Do not run around telling anyone you have coins, cuurency, stocks, bonds, guns, knives at home. Although you may think you know who your talking to, you do not know who they are telling what to. 4. Do not attempt to sell anything untill you really know what you have and how much it may be worth. 5. Think of a subject about your coins and fo to the top of the page for the SEARCH tab and type in your subject. 6. Go to garage/yard/estate sales or even used book sotres and look for any books on coins. The more you know the better. 7. If still not sure about what to do, send me all your coins and no more problems. I will worry for you.  
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