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 Replies: 20 / Views: 2,550 |
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Pillar of the Community
United States
651 Posts |
I can relate to it too. Mexican coins for a long time were very affordable especially the rare keys.
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Valued Member
United States
123 Posts |
Yeah, my suggestion was going to be to collect pennies. Buffalo nickels would be a fun set to do as well. What about foreign coins? |
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Pillar of the Community
United States
1150 Posts |
There are some good suggestions above. I would stick with wheat cents, however the keys can get pricey in decent grades. With that being said, and if I were you, I would stick with Roosevelt dimes which can all be had for bullion price (one key wheat can cost what an entire collection of roosevelts would), Jefferson nickels or clad coins of any denomination. |
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Rest in Peace
United States
4078 Posts |
TheForce, having a little knowledge of the area which you live. I would think there would be some opportunities for you. Good luck. A fellow Michigander.
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Pillar of the Community
United States
2661 Posts |
I have switched to coppers myself, Wheats and IHC's. I will still buy a Franklin on occasion if the price is right. Picked up an AU 57 & 51D yesterday for $13.50 each at the Pawn shop. I was given a deal because I help them out when they get a bunch of coins in, they do not know much about coins and others come in and try to get over on the guys. Pulled a Seated half and a bust half out of a bag of about 600 mixed dates. Helped them look up the grade and value so they could post them up on ebay to sell. So they cut me a good deal on the common stuff. They let me have all the IHC's they get for $1 each and I pay 4 cents for Wheats. |
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Pillar of the Community
 United States
4868 Posts |
Great suggestions indeed, thanks! I do have a nice collection of Canadian coins but I wanna get in on the US coin bandwagon once again.
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New Member
16 Posts |
The market has a strong factor on what and how you collect. Let's face it those of us in 9-5er's are not doing too good. I have been lucky enough to have a fall back plan with my silver and a few gold pieces. I also have a small office where I conduct coin business. I am and always have been big on small cents and most of my clients have switched from silver and gold to the good old stand by of cooper. I have had a reserve of almost 50,000 wheats that people would look through and say "that's nice" but wheres the gold, those same people are digging through my stock like cents were silver. This past week I made over 20 starter sets for my regulars and they were thrilled.
A short awnser would be wait until the market settles and jump back in and get some sets done before the next rise in bullion. Or jump in now with little to start with and get disappointed because you can't make the sets you want to finish.
Here's how I look at my collecting. If I make a profit then great. If I take a loss, too bad. If I break even then that's fair. At least this little hobby of mine has made me and my kids happy along the way.
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Bedrock of the Community
United States
20753 Posts |
Quote:
Have you ever considered "stamp collecting"?
Glenn
Or Beanie Babies. Possibly Hot Wheel Cars or even sports cards. Although those are sort of on the downside lately. A good thing to start collecting would be Buggy Whips. At the price of gasoline I predict the Horse and Buggy will soon return.   In reality many, many people have gone up and down in their lives monitarily and lately much more so than in the past. The smart ones just start over and don't look back. You've just got to move on and forget yesterday. Yes some, many coin price have gone up, up, up. But if you don't start today, maybe tomorrow will be one of those I'll wait one more day things. Coin collecting is a hobby and should be done for mostly fun. If you think Silver coins are to expensive for you, then forget them for now and do the Pennies and Nickels. For many of those all you need is a pile from a bank, friends, relatives, etc. This is a hobby and it should make you feel good, not something to keep thinking about yesterday. Move on and forget the hard times if possible. I'm rather on the old side and I always remember a song by a guy named Franky Lane. In that song there was a statement "Remember all the people not tired cause their dead, don't cry little children, don't cry" |
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Pillar of the Community
United States
817 Posts |
Carl that was very touching.
I'm, I'm all choaked up.
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Pillar of the Community
United States
642 Posts |
I'm going to second a lot of previous posters and suggest copper US coins. Early copper is one of my favorites.  You could also consider US Paper Bills? (also a big favorite) |
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Pillar of the Community
United States
1064 Posts |
Might I suggest U.S. Halves (Kennedy, Franklin, even WL's); I don't think you have to pay a fortune for some good BU examples, and I think the Dansco albums are really nice, and visiting a few coin shows could get you some decent prices.
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Pillar of the Community
United States
511 Posts |
I like small (quarter size or smaller) pre-1940 world silver coins, Canadian nickels and British farthings and half pennies. All of the above can be collected on the cheap.
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Pillar of the Community
United States
3499 Posts |
I too suggest that you go for copper at the moment. Wheat cents can be fun if you just want to focus on US coins. But some of my favorite coins, no matter how bullion metals are doing, are Canadian large cents and British large Pennies. They are extremely pretty, and some nice examples may be found for cheap. (And once in a while they may be found in discount bins). |
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Bedrock of the Community
United States
20753 Posts |
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They are extremely pretty, and some nice examples may be found for cheap. (And once in a while they may be found in discount bins).
WHAT? You dare to compare the fantastic beauty of our US DEAD Presidents faces with those artistic type coins? Why would anyone want a coin with sharp details, sceenery, native animals, intricate designs when they could have a DEAD Presidents face on all their coins. |
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Valued Member
United States
466 Posts |
I am around the same kind of problem as you are. I recently got into collecting Buffalo nickels since the Mercury dimes I was going to start working on began to climb in value with the silver prices I figure I will wait on many of the older silver sets while silver is high and concentrate on the other sets that stay fairly constant in price over the short term I could for instance buy a merc dime for 3 dollars, silver melt and a few months later get the coin for 2 dollars I could buy a Buffalo nickel for 3 dollars and a few months later the coin will still be 3 dollars I just hope silver doesn't climb high I am not a silver collector, I am a coin collector so I just want to get coins at collector value, not high silver melt value |
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Posted 08/07/2011 2:21 pm
