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 Replies: 35 / Views: 3,576 |
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Valued Member
70 Posts |
What coin and in what condition would you recommend for a good long term investment?
Budget maybe 200 to 500.
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Pillar of the Community
United States
4132 Posts |
I wouldn't purchase coins as a long term investment.
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Valued Member
 70 Posts |
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Pillar of the Community
Canada
4944 Posts |
There are a lot of better investments out there.
If you are looking to invest for the long term, I would say stocks.
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Valued Member
United States
176 Posts |
certain key dates have a steady increase over time, although that time may not be "hasty"
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Pillar of the Community
Israel
2420 Posts |
Bullion is a fine investment for long term. ASEs, Maples, all are great as an investment.
+ You can enjoy them.
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Valued Member
United States
50 Posts |
My Two Cents...RUN from stocks too volatile of a market. Coins make great investments. If I was limited to a $200-$500 budget I would start out with some lower grade popular U.S. pieces. #1 you don't need to wrap up too much into a single coin, and #2 it's an easy flip if you are in a crunch with taking a marginal hit. The Condition/Certified crazed honks will tell you otherwise, however with your investment bankroll I would set my sites on Silver 3 Cent pieces lower grade 20 cent pieces, Flying Eagle cents, a few Morgan dollars never hurt anyone, and perhaps some Indian pennies and or early type cents. You can find some nice things in the $30-$40 range that are priced in the $50-$70 range if you bundle many times with dealer. So perhaps 10-15 good starting coins for your portfolio will be in that $350-$500 range. |
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Pillar of the Community
United States
1554 Posts |
coins really are not a good investment unless you have really deep pockets, and even then it's a crap shoot. If you've got 30 years or so then maybe, if so buy key date coins as they have shown the best return over the years.
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Valued Member
70 Posts |
Thanks for all the advice.
I do have stock and mutual funds, but I am looking for diversification. As some have said some keys dates have steady growth.
I would prefer to add some of those instead of bonds as I don't have faith in local or global economies.
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Valued Member
273 Posts |
Well... here's my two bits worth... :) If I were dying to buy a coin, and had $500, I would probably go out and buy a used fender telecaster because I couldn't make up my mind which coin... but I am really partial to Buffalo nickels, and I bet I could have found a pretty nice example of a non-key-date buffalo for that much money. The telecaster would not be much of an investment at all... or much of a telecaster either at that price, but the expenses of buying the coin would take a while to inflate out. |
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Valued Member
70 Posts |
Quote:Well... here's my two bits worth... :) If I were dying to buy a coin, and had $500, I would probably go out and buy a used fender telecaster because I couldn't make up my mind which coin... but I am really partial to Buffalo nickels, and I bet I could have found a pretty nice example of a non-key-date buffalo for that much money. The telecaster would not be much of an investment at all... or much of a telecaster either at that price, but the expenses of buying the coin would take a while to inflate out. lol. I'm not much for musical gear, but I do have the time at least 30+ years. |
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Rest in Peace
United States
2668 Posts |
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Valued Member
70 Posts |
So it seems like everyone is just saying silver.
For some reason I was thinking of a good/high grade morgan-cc
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Valued Member
United States
379 Posts |
If youre looking for non-silver the 1913s Type 2 has had a nice steady increase almost every year. I saw a spread sheet somewhere on here a while back, cant remember where. Anyways,you can get this coin in VF condition for around $420.
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Pillar of the Community
United States
1261 Posts |
I think coins are great for diversification but stocks are better in the long run. With that said, the values for coins I collect (early date type coins) have gone up considerably in the last 10-12 years. If I had $200-$500 I would avoid common date coins and go for something with some rarity. You could get a nice VF Large Cap Bust Quarter (1815-1828) for $400-$500. They are difficult to find problem free. You mentioned CC's and they will always keep their value. I would prefer a Trade dollar over a Morgan though. A problem free CC Trade is really hard to find. I'm basically telling you stuff that I like and have experience with. I'm sure there are many examples out there that folks can tell you about. It just takes experience. |
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Valued Member
70 Posts |
I agree I love stocks but I want to expand. your post is great and I will read more about Trade dollars. In my research about cc dollars. What is the difference between pcgs n acg |
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Replies: 35 / Views: 3,576 |
Posted 01/31/2013 6:45 pm
