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 Replies: 12 / Views: 1,815 |
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Pillar of the Community
United States
584 Posts |
I'm putting $1500 into a numismatic/PM's investment,
First thought that I've wanted to do for a little while now is buy either a BU bag of PRE65 90% Silver. Possibly Franklin's Hunt through them and sell off the best ones while keeping a few for the collection.
Or pick one of the Circulated bags and hunt for variety's, maybe two rolls of Morgans? Something along these lines.
I like this idea because of the belief I have in finding something of value and I believe silver is still very attractive.
Now my other thought would be putting it into a key date purchase in the best grade I could.
My thought here would be
1909 S vbd in MS-62 (Aprox)
Its one I've always wanted and although I wouldn't have as much fun picking through and hunting, I feel I'd get such a high off the accomplishment.
What to do, What to do.
Would love to hear some of your insight and ideas of how you would spend this money.
I know $1500 isn't a lot of money to some, but it is for me.
I say investment cause its really not my money, but My old lady's. She gave it to me to have a go with. Although She's more on the Silver side of things because of all my ranting about silver.
I've thought about breaking it up but, Were gonna roll the dice........ For some reason I can hear "Snake Eyes"lol
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Pillar of the Community
Canada
4944 Posts |
I personally would chose the silver, just because I think it has greater potential from an investment point of view.
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Bedrock of the Community
United States
10034 Posts |
How about doing the silver first - hopefully finding some varieties/nicer pieces to sell, then have even more $ for an even nicer 09 VDBS?
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Valued Member
United States
140 Posts |
 with the above comments, I'd try your luck with a silver lot first and see what you can get. Then save up what you find there for the rarities. |
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Bedrock of the Community
United States
19935 Posts |
I would go with a nice, PCGS 1914D Lincoln. Chances are slim to none the price will errode and it's an EASY sell if you ever need the cash. Yea, the silver might be fun and all, but it's also harder to store. Quality over quantity any day.
Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
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Pillar of the Community
1283 Posts |
I would think 90% would be your best buy currently.
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Pillar of the Community
 United States
584 Posts |
Canadisan... Well Put! And thanks Earle42 always sound advise that reminds me, no reason to race. Stutzman your absolutely right! Like the Father Bull explaining to the Son, Why they shouldn't run down the hill, but rather walk and have them all. lol A perfect Trifecta of advice. The silver bag is the better investment, and if silver goes the way it should. It could pay off nicely. Now what should I go for. I'm really liking BU Franklin's. Even though it says most dates will be in 60's. Still a lot of fun to have. Going to have to do some heavy researching, The one site I was looking at was selling 750oz bags or $1000 face value. Shhaaa RIggght Any recommendations for a company who might not pick through all the keepers. I know its probably a fat chance. I also think Walkers in XF would be really fun. I've only tipped the ice berg with them and studying up on them would make for a good time. I think Washington's would probably give the highest number of quality coins. I'm also tempted to go with Mercury dimes because it would just give you so much more to look through. |
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Pillar of the Community
United States
2651 Posts |
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Pillar of the Community
United States
5843 Posts |
As others have recently mentioned around here, silver and gold aren't really investments -- they're speculations. Which is to say they have a possibility of significant gains but also a lot of uncertainty and a strong chance of significant loss as well. If you truly want an investment that is unlikely to go down in value and will likely go up over time (with a smaller chance of a "crash" down the road), I would definitely go with the highest grade non-PM coins you can afford.
Don't get me wrong -- I enjoy buying silver coins (not bullion) because of their history and beauty and it's always nice to speculate that someday they might be worth a lot more, but I'm not really counting on them doing so.
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Pillar of the Community
United States
584 Posts |
BadThad again great advise, I'm liking the idea of a banger in my grasps. But the profit potential is driving me towards the silver. And it would keep the nut growing (Hopefully) to grab a real stunner. Throwback something that keeps jumping in my head though is a 06 Reverse Proof 70 lol. It'd go great with the 25th. I've got to focus. lol
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Valued Member
United States
110 Posts |
Congrats on haveing some money to invest.
To me PM's, bags of junk silver, etc are a long term investment....like 10 years before you will see significant growth.
I could be wrong and I hope I am because I have alot of silver coins.
To me the the real fun & enjoyment is in the hunt for coins that I can buy now and maybe resell at a profit. So far I am ahead of the game. not much but still ahead.
Whatever you decide, RESEARCH & EDUCATION are your friends when decideding to focus on a series of coins.
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Pillar of the Community
United States
1302 Posts |
I spent 100,000 dollars on college, so I can't think that spending 1,500 on silver or a key date coin is a bad idea. Know about uncirculated rolls- none of them are unsearched anymore. So the odds of finding that 1953-S FBL frankling are 0%. As for getting a key date that you are happy with- you control that.
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Valued Member
United States
167 Posts |
Before paying much over melt for the franklins check fir cleaning etc. I had a roll that contained some nice fbl as well as some with wheel marks
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Replies: 12 / Views: 1,815 |
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Posted 01/21/2012 5:43 pm
