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 Replies: 55 / Views: 5,140 |
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Valued Member
Canada
478 Posts |
I love this...Its really great to see young people getting involved with a very rewarding hobby. I started at a very young age as well and my collection started with pennies and grew from there. Even today at 42, my favorite coins are still pennies. When I was a kid, it was alot easier to start a collection...now-a-days I can see how it could be very overwhelming. 30 years ago, the mint had a very basic product list...now they have a new coin coming out what seems like every other day.
I suggest you stick with a basic collection, something that you personally like...like pennies. Go to the bank and do some roll hunting. Find a good reference book or website like (coinsandcanada). This forum is a great place to be...lots of people willing to help and answer all your questions. Dont get frustrated...you'll be shocked at how fast your collection will grow
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Valued Member
Canada
227 Posts |
I'd take a hard long serious look at what tfred suggest in buying silver coins.  |
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Valued Member
Canada
111 Posts |
Me too I like tfred idea. I think it is a really safe way to spend because it is valuable, it is precious metal. If you are collecting canadian coins, you could get some rolls at the bank and searching. You might get a silver coin for face value. Nickels before 1981 are becoming more scarce, worth a search.
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Bedrock of the Community
United States
10044 Posts |
Just a suggestion - with all my hobbies I try to make them self-sustaining. I put my eye on a specific goal and work towards buying/reselling with an eye to that specific goal (no matter what special deals I might find along the way and be tempted to keep. As a suggestion to you in Canada, pick a coin you would like (within reason!) and work towards it. You especially have what I consider a decent opportunity with the RCMs twenty for twenty program. I see where these thing sell out very quickly and within a 6 months are selling on ebay for more than 20.00 (some have doubled in price). You can get 3 per household. Pick a goal, be a little patient, get some 20 for 20s to sell at a profit. That's just one idea. How much squash could a Sasquatch squash if a Sasquatch would squash squash? Download and read: Grading the graders Costly TPG ineptitude and No FG Kennedy halveshttps://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2 |
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Pillar of the Community
Canada
1700 Posts |
Buy rolls like the 2012 old design loonies and toonies. Look at our forums and sometimes we figure that some coins just minted can turn out to be rare ones.
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New Member
 Canada
42 Posts |
@rmc, Yeah I started with a penny collection too. And also the junk silver coins were Peace and Morgan dollars and were $30 for 1. Think its a better deal than silver maples? |
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Pillar of the Community
United States
3486 Posts |
Chinesehorse,
It would be helpful to explore your motivation.
Why are you interested in coins? Is it because you have a sense of history, or is it because you are caught up in the precious metals fever?
Answer this for yourself, and you will discover if you are a coin collector or a PM stacker.
Now, there is no need to choose only one. You need only to learn if you have a particular favorite.
Next, your budget. I see two possible strategies:
1) Spend the $20 a month on the coins that that are available in your price range.
2) Spend $10 or $15 a month and put the extra $5 or $10
into an "account." After three or four months, take the money that you have saved and pool it with your current $20.
Now you can splurge on something really special.
I like the second option myself.
Now, I am not qualified to speak to Canadian coins. However, this Yank has always been fascinated with the Canadian coins of Queen Victoria. A nice type set of Monarchs would be an idea. Your fellow Maple Leafers can
suggest possibilities.
A type set of Half Dollars, silver, should be within your budget and be both historical and PM worthy.
Lastly, are you into coins for pleasure or profit?
This will affect your decision as to what to buy.
As a teen you have a long time horizon.
As a member of the CCF you has access to the years of experience gained by the other members.
No matter what you choose to buy, you have come to the right place for help and guidance.
GOD SAVE THE QUEEN!
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Valued Member
Canada
478 Posts |
Yes thats a sweet deal...There is .77oz of silver in the peace and mogan dollars. I like "junk" silver! Its a good value for your dollar. Nothing fancy, just silver...I think if you want just silver thats the best way to go. Its a great investment...who know where silver prices could go. Go online and find a good silver calculator (I like "silvercoinstoday") so you know how much silver content in each coin and it calculates its worth with that days spot prices.
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Pillar of the Community
Canada
1700 Posts |
matthewvincent, I agree with you.
The point is, do you want to invest or do you want to start a collection or an album? This is the key. I personally only make sets and collect circulation.
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New Member
Canada
42 Posts |
@matthewvincint, Currently I do both, and the only reason I actually buy the silver maples is to later sell them at get more coins for my collection. I am mainly targeting american coins now (mainly Washington quarters) Also I have a question for you guys. If you had $20, whould you buy a OK grade Franklin half dollar or would you rather get 1 or 2 high grade Washington quarters? The reason I asked that is because right now I have a REALLY high grade Washington quarter from 1952 and I am debating weather I get a whole set of that years coins, or should I continue with the other Washington quarters from other years. Thanks! |
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Valued Member
Canada
306 Posts |
It is usually a better idea to buy one higher grade coin as opposed to several lower grade ones.
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Pillar of the Community
Canada
1700 Posts |
Please post a picture of the quarter you're talking about. Use the picture optimizer, save the picture, and upload the treated photo. Where did you get the 1952 washignton quarter? It's silver and I would not sell it if it had a high grade. Well, go to the US banks and you might score some Franklins. You should buy sothing that you can't get at face value from coin roll hunting. High grade Washington quarters (older ones), especially the 1952 one you were talking about or silver ones, are wrth colelcting since they are difficult to get from circulation. Buy from a dealr below the trend. I WOULD NOT RECOMMEND ONLINE SOURCES. http://www.bestcoin.com/united-stat...ng-guide.htmAgain, post your picture and we will share our thoughts. Thanks! |
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Valued Member
United States
419 Posts |
Look for morgans with the CC mintmark, they are rare. Also, 1921 and 1928 peace $1. Morgans are really popular with collectors.
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New Member
Canada
42 Posts |
Do you guys know a good thread for taking photos of coins?
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Pillar of the Community
Canada
1700 Posts |
Post your photos HERE if you want. We would like to have an idea of wat you have.
Scan your coin if you want. When you take a photo, put the mode on AUTO and make the resolution macro and superfine.
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Replies: 55 / Views: 5,140 |
First Page
Posted 09/19/2012 10:42 pm
