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Replies: 10 / Views: 1,257 |
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Pillar of the Community
Russian Federation
1556 Posts |
Perhaps I should have continued my other old topic "Earning on Coins", but I decided to create a new one to spice up the discussion. I recently added another large center to my collection. I became interested. Which coins have the greatest growth in the short term. What you can buy now, and in a year or two, sell a maximum of 3 with the highest percentage of revenue. So far, it seems to me that these are large centers. I do not know by how much % no slab cents are added to the price, but coins valued by TPG are definitely increasing in price (I am not sure about coins marked "details", since they do not keep records of price in TPG databases).
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Moderator
 United States
15388 Posts |
My opinion - coins are a hobby and not an investment at least for the vast majority of us. I invest in the US stock market and will certainly have a comfortable retirement someday. Not sure you can say the same about coins.
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Pillar of the Community
 Canada
5392 Posts |
If anyone knew the answer they would be super wealthy. Searcher is correct , coins are a hobby not an investment . Unless one has very deep pockets and is incredibly knowledgeable. Even then no guarantees as to a profit . There are coins selling today that never recovered in price from the 1980s crash in the coin market .
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Pillar of the Community
United States
7273 Posts |
Most limited release American silver eagles have been highly profitable as a flip, but to get it shipped to you and then flipped you would actually lose the momentum. The flips need to happen asap usually to maximize the profit potential
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Pillar of the Community
United States
2365 Posts |
Slerk: That's a difficult question to answer. All types of "investments" are risky to some point. I think you're doing the right thing by tracking the market on your large cents and hopefully, on other coins as well. Atleast, what you have is in your hand and not on a piece of paper. Coins can be profitable both in the collectible markets as well as bullion. It just takes awhile for them (most times) to draw a profit. Coins are not usually, a short term ROI. The key to all of this is to stay tuned to the markets as you are and ENJOY what you're accomplishing! 
Edited by dsking 03/09/2023 12:18 pm
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Pillar of the Community
Russian Federation
5172 Posts |
Quote: My opinion - coins are a hobby and not an investment at least for the vast majority of us.  The usual answer for US coinage, of course, is high-grade branch mint gold, especially Charlotte and Dahlonega (and Carson City, but those don't really exist in high grades). But I'm not sure if there's any growth still left in those, and I suspect that the vast majority of CCF members - never mind the general public - would have to save up for many years to afford even one of those in the first place. By "large centers", you mean large cents, right? I did hear that some large cent dates, especially the later ones, are getting more expensive these days. I don't know much about those; the low grades are common enough regardless (and will probably stay common for a while, aside from the very rare dates/varieties), and the high grades were never within my budget, so I never looked into them. There's few enough large cents remaining that if collecting them ever becomes popular, the prices would immediately get ridiculous. AFAIK this hasn't happened yet, and if it ever does we probably won't get enough advance warning. The big short-term percentage option is probably limited issues by the mint: the kind of stuff where you need to be lucky to snap up the coin in the first few minutes, because they get sold out very quickly. It's not always easy to tell in advance which ones would get the best outcomes in the post-issue market (there's been some that had appreciated by over 10 times...), but if you managed to get at issue price pretty much any limited-mintage coin that quickly sold out, it's almost certainly a good acquisition and you could probably sell it for way more within years.
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Pillar of the Community
United States
4233 Posts |
All sorts of coins are undervalued, but that's because few people collect them. People aren't going to suddenly flock to them over a short term. I suppose you could get an inside scoop on what's about to be published in CherryPickers' Guide or something and buy them all up before the hordes, but even that would be quite a gamble.
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Pillar of the Community
 United States
7933 Posts |
Past returns are no guarantee of future performance.
My hunch is that by the time anyone can comment on a class of coins that has been appreciating, it will probably have largely run its course, and not be a good investment any more. Same as individual stocks.
I am with those who say coins are a hobby, and the stock market is for investing. $1000 invested in an S&P index fund ten years ago is worth $2500 today. I am very happy wih that kind of return. (On the other hand, $1000 invetsed in gold ten years ago is worth less than $1200 today, and silver would be $600).
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Valued Member
United States
397 Posts |
Anything but Bitcoins  
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Pillar of the Community
United States
3848 Posts |
I do not think there are any coins that have any significant growth in the short term. Because supply is consistent, demand would have to change drastically. A market to increase by a decent percentage would be unnatural and would eventually drop just as fast at some point.
Extreme rarities do not have a lot of potential either. You can get lucky, of course, but it all comes down to buying for the right amount and finding a buyer that will pay a high dollar. I read a book a while ago that was written by an individual that invested millions of dollars in expensive coins, such as an 1804 dollar, and did not have a very good ROI after holding for a while.
Maybe certain mint products can have flipping potential? Even that is risky.
Suffering from bust half fever. Want to learn how to attribute early half dollars by die variety? Click Here: http://goccf.com/t/434955Shoot me a PM if you are looking to sell bust halves.
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Pillar of the Community
 Russian Federation
1556 Posts |
Quote: My opinion - coins are a hobby and not an investment at least for the vast majority of us. I, too, like everyone sitting here, collect coins for the sake of collecting, not for the sake of money. I have Draped Bust Cent and I am pleased to see how every year my coin grows in value. Quote: By "large centers", you mean large cents, right? Yes. Quote: I think you're doing the right thing by tracking the market on your large cents and hopefully, on other coins as well. Yes. I only track the price of coins in my collection. Other coins price that I don't have are not interesting to me, only if I'm not going to buy something, then I look at how much the coin I want to buy costs in order to make the right offer to the seller.
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Replies: 10 / Views: 1,257 |
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