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 Replies: 17 / Views: 3,532 |
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New Member
United States
5 Posts |
I have recently cracked open my piggy bank and have about $150-$200. Rather than continuing to watch money depreciate in a plastic pig I've decided to buy a coin.  Which coin do you guys recommend would be a great buy(investment)  |
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Pillar of the Community
United States
863 Posts |
i recommend buying a lot of silver coins at spot value. look in local pawn shops.
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Moderator
 United States
16679 Posts |
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Moderator
United States
15419 Posts |
That is a fun dilemma!
Hate to spoil your party ... but no coins IMHO should be purchased as an 'investment' ... there is no sure fired answer to the 'coin' that will appreciate.
You can of course speculate on the precious metal market ... and as suggested above USA 90% silver coinage is a way to do this.
If you truly feel the urge to purchase a possible 'investment' coin for $150 - $200 ... then I suggest you find the finest graded example you can of a modern (post say 1950) USA coin ... with absolute pedigree (PCGS/CAC) and exceptional eye appeal ...
Those coins should always remain in demand ... and might appreciate in value over time.
Hold that coin for maybe 20 years and you might win on the investment ...
David
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Pillar of the Community
United States
1388 Posts |
The classic series' of coins are always solid(capped bust, and Liberty Seated for example)... And artwork that you could definately admire... But it's more of what your taste dictates...
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Bedrock of the Community
United States
17884 Posts |
Sorry but none of us have working crystal balls. And once you figure in the dealers buy/sell spread you will find that most coins are lucky if they are able to keep up with the rate of inflation. The only advice I would give would be key or semi key coins in popular series in mid to higher end grades. They aren't exciting and they won't have big jumps in price, but they tend to go up steadily year after year. A loot of people will say to buy them in the top grades but I think that is a mistake. Most keys in top grade tend to stay flat for long periods and then make a price jump. If your timing is off they can be a lousy investment. You could hold them for years and see no movement then actually lose money on them when you sell. Or maybe buy right before a jump and you've made a bundle, but then if you continue to hold it your effevtive return then decays away. I'd rather have a coin that has a slow steady growth. that way when ever you decide to sell it is almost certain to have some positive return.
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Moderator
United States
188213 Posts |
I agree with the "no investment" angle.
Buy something you will like and appreciate on a personal level, whether it is one $200 coin or ten $20 coins.
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Pillar of the Community
United States
1554 Posts |
Do you have 30-40 years to wait?
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Valued Member
United States
89 Posts |
I would go for a 1/10 Eagle coin a good starter coin for someone who wants to diversify his investments.
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Pillar of the Community
Australia
3831 Posts |
Check those 200 dollars worth of coins and see if you have any unusual key dates, varities and such. Might be worth more than face value by then.
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Valued Member
United States
203 Posts |
You may want to grab a 20 cent piece with that money. Grab the best grade that you can get for that price. It is silver so it will always appreciate in value and it is a fairly rare coin. It wouldn't jump in value a lot but it shouldn't drop in value at any point.
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Pillar of the Community
United States
3294 Posts |
slowaltima, I like the idea of the 20c. Me personally, I would go for a nice VF capped bust half from 1820 or earlier, but it's anyone's guess if that will appreciate in value or not.
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Pillar of the Community
United States
1348 Posts |
Quote:
I would go for a 1/10 Eagle coin a good starter coin for someone who wants to diversify his investments. This has my vote. |
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Valued Member
United States
206 Posts |
Search boxes of coins. I did a box of dimes today and found 3 silver rosies.
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New Member
Canada
7 Posts |
Silver is probably a bad idea right now, silver historically hovers closer to four dollars and purchasing any coin, even at spot, will likely lose you a lot of money in the next decade if you're looking for investment coins as the price stabilizes. My suggestion would be to look at countries that are emerging economies and purchase coins from the history of that country, as the economy of that country develops you'll see more of an interest in the history from collectors.
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Valued Member
United States
240 Posts |
id stay away from gold as the economy is improving.
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Replies: 17 / Views: 3,532 |
Posted 04/03/2012 9:14 pm
