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 Replies: 19 / Views: 3,042 |
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Valued Member
United States
438 Posts |
what are some of the rarest coins I can buy for under $500?
low mint marks, proofs, etc...
want to add something of higher value to my collection
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Pillar of the Community
United States
2757 Posts |
You can get 3 or 4 rare ones for that much $.
I recommend an 1837 Feuchtwanger cent. A nice one for $100, a very nice one for $200.
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Pillar of the Community
United States
759 Posts |
How about one of the Seated Liberty dollars for your Type Set? They are impressive coins and at your price point, you can get a pretty nice example. They don't seem to be getting any less expensive with time. Just an idea. Edited by OneBowl
09/11/2012 9:27 pm
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Pillar of the Community
United States
2757 Posts |
I just picked up a large cent variety that is rated R3 - meaning they made between 300 and 500 specimens for a whopping $25. You don't need to spend a lot to get something rare.
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Valued Member
 United States
438 Posts |
what large cent would that be?
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Valued Member
United States
438 Posts |
would a nice au or better 1917 type 1 would be considered a "rare" coin by most collectors? I really like those
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Valued Member
United States
438 Posts |
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Moderator
 United States
16679 Posts |
Quote:
low mint marks Your more than likely referring to low mintages. Low mintages don't necessarily make a coin rare or valuable. Take for example the 1912-D Liberty nickel or 1927-S SLQ. Popularity, the supply and demand side of it all, will determine what a particular coin will buy/sell for. Some of the early classic coins are pretty popular with collectors, just depends what exactly you want. Copper, silver, gold? At that price range, would more than likely limit you to the smaller denomination coins such as the $1 and $2.5 gold coins. swcoin.ecrater.com
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Bedrock of the Community
United States
36724 Posts |
Get a nice damage free Drapped Bust coin of any type, date or grade. Nice uncleaned damage free coins are rare.
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Moderator
United States
16679 Posts |
Quote:
would a nice au or better 1917 type 1 would be considered a "rare" coin by most collectors? Common. Only much higher grade, problem free examples will start to get rare. swcoin.ecrater.com
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Moderator
United States
23522 Posts |
Keep in mind, though - the "value" of any given coin is a combination of "rarity" and "demand." Both of those latter considerations are important regarding what to choose, if at any point in the future liquidation is a concern. Even for your heirs.
With that much in-hand and an eye to buying one_single_coin, I'd be aiming towards the highest-grade Morgan I could get for the money. That will put you into a slabbed MS66 Morgan from the New Orleans Mint, and if you do your due diligence you'll find these to be truly underrated Conditional Rarities in that grade. Of the 5,000 MS67 Morgans Heritage has offered, only 865 have come from New Orleans. Fewer still are those from Carson City, of course, but their demand far exceeds their supply. You're not getting into an MS66 Carson City coin for $500, and only a 65 in the most common years.
Their plentiful supply means Morgans will remain in demand going forward, simply because they're *possible* for the average collector to acquire. You could achieve far greater strict "rarity" for that money, but only with the corresponding loss in liquidity.
But that's only one man's advice. Equally-luscious recommendations abound.
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Pillar of the Community
United States
4337 Posts |
Bust coinage. pretty to look at, desirable early 19th century examples are in that price range. Even a commem like a New Rochelle is a safe bet at holding value and increasing over the next decade or two.
Either way, take your time, don't rush into and post pics when you get it!
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Pillar of the Community
United States
4897 Posts |
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just depends what exactly you want. Copper, silver, gold? IMO a very good question! Take your time, look at a lot of possibilities....many here can offer great suggestions,nobody but you can truly figure this out. |
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Pillar of the Community
United States
5825 Posts |
Any coins becomes rare when its in demand and only few are available, if there's no demand even the few available isn't worth it to occupy the space anywhere.
Buy what you like if you want to keep it, or go for the majority that everyone wants if you are going to sell in the future.
And if time is allowed, you can do both. Buy and sell and use the profits to buy what you like to collected.
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Bedrock of the Community
Australia
21786 Posts |
If you are very lucky, a search through current auction catalogs for World coins can provide unique pattern coins. I acquired a unique prototype 'one off' pattern for a 5 centimes coin of Belgium in this way. The design ended up being fully developed as KM# 46, 47, 54, 55, 66, 67, 93 & 94.
The issued coins are all in copper nickel, my pattern is in bronze. Successful bidder at $180, many years ago.
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Valued Member
United States
461 Posts |
What I would do with that is get two coins my favorite coin of all time is the Standing Liberty quarter and you can get a nice MS grade type 1 for about $200 and then with the other $300 I would get an AU Trade dollar, would make two fantastic additions to my type set. |
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Replies: 19 / Views: 3,042 |
Posted 09/11/2012 9:21 pm
