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 Replies: 14 / Views: 3,811 |
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Pillar of the Community
Canada
849 Posts |
Hey,
I wanted peoples options on buying raw coins at the self graded values or to buy cerfied coins to start a collection. I was planning on buying uncertified coins at MS63-65 on new coins (1955-2011) probably from J&M Coins.. starting with MS63's and for purchase also get 2-4 MS65's. Now these aren't certified but I'm guessing should be pretty close to what they describe since they are pretty big and well known. Thoughts everyone?
--James
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Pillar of the Community
Canada
1923 Posts |
I think Gatewest Coins Ltd and Colonial Acres Coins are also good shops to check in with for quality coins as well certified or raw.
Going with mint state coins is a better investment for resale and not as common as circulated coins but its what a person can afford. I started with pocket change as a kid and as I got older and a job then I moved to mint state high grade coins but I also have many circulated coins as well that I treasure.
Edited by papeldog
12/31/2011 7:07 pm
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Pillar of the Community
Canada
1554 Posts |
 Always go Certified> I.C.C.S., at the HIGHEST possible grade you can afford, settle for nothing less! Later you won't have any regrets, trust me. Glenn  |
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Pillar of the Community
Canada
1442 Posts |
If you go ICCS, make sure you learn how to spot cleaned, re-toned, scratched, bent or damaged coins.
ICCS flips are full of them ;)
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Pillar of the Community
 Canada
849 Posts |
It seems a little much to be paying $11+ for a certified coin when someone is just starting. Wouldn't it be better to start with cheaper raw coins and to "get into it" build a set and then start collecting certified coins? paying $10-15 for a certified 2011 penny seems a little steep.
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Pillar of the Community
Canada
1733 Posts |
I tend to recommend people start with the cheap 1960's raw and then buy a set of 63/64/65 certified to learn to grade. Goes a long way. I bought a raw 1935 twenty five cent piece two days ago in MS 63 for 100 bucks just because I wasn't afraid to make a determination on my own without a crutch.
That's a deal.
PCGS just guarantees genuine (financially), the grade is always debatable.
So the moral is, learn to grade first, buy later, prices continue to drop.
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Pillar of the Community
Canada
849 Posts |
Thanks Ugly I think I'll do just that. I'll start by buying un-cert'd coins (Elizabeth II's probably) and then buy a few certed coins and learn the grade as you suggested. Thanks a bunch guys :).
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Pillar of the Community
Canada
1984 Posts |
With modern coins, certified MS 64 coins have limited value. Even MS65 certified coins are not always worth the value of the holder. If I was buying Elizabeth uncertified MS63 coins, I would not be paying a whole lot more than face. It is all different pre 1937, but post 1937 I would be very wary about paying up for uncertified coins unless I was sure of my own grading.
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Pillar of the Community
Canada
849 Posts |
Hey,
Other than looking in rolls of coins for nice coins... how would you go about purchasing nice modern coins for under 0.25 (1955-2011)? from the sites I see none are really going for less.. plus you got shipping on top of that.
--James
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Pillar of the Community
Canada
1984 Posts |
I would look for bulk lots on line. Things come up. I sold not that long ago 20 nice George VI nickels for $0.99 on ebay. No competing bids. I have had a few MS65 cents go for $2 or $3. It happens.... Look for combined shipping opportunities. |
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Pillar of the Community
Canada
849 Posts |
How about buying a roll of coins from a place like here: https://www.jandm.com/script/getite...CID=3&PID=26you can get a roll fairly cheap $2.50-4.00 ($0.05-$0.20 a piece). Then just sort out the best ones for your collection and even ebay some to recup the cost of the roll. Just trying the best way to start my collection... If I can have the collection fund it self that would be great (hence why maybe rolls are the way to go). Edited by qbvbsite
01/01/2012 01:42 am
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Pillar of the Community
Canada
1984 Posts |
You will spend the rest of your life selling the extras. That is why j and m sells the rolls as is. You can buy a full set of Geo VI cents on line for $2 or so. Or all the nickels for say $5. I know....I am trying to sell them there!
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Pillar of the Community
Canada
849 Posts |
Hmmm so it seems there is no real good way to get cheap coins other then getting them from a bank or something. I think my problem is I'm looking for quality coins ms63+ and most lots don't provide that guarented unless its a single or a BU roll (like the ones at JM). I agree it would be difficult to sell 40+ coins for each date on ebay lol. |
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Rest in Peace
United States
9104 Posts |
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Pillar of the Community
Canada
849 Posts |
Thanks for all the good advice you guys are awesome... Also have some more good news my dad found my old collection and is sending it up :) I'll post some pics when I get it in the next few weeks... I'm pretty pumped..
--James
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Replies: 14 / Views: 3,811 |
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Posted 12/31/2011 9:06 pm
