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Best Coin For A Moderate Budget

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Valued Member
70 Posts
 Posted 01/31/2013  8:16 pm  Show Profile   Bookmark this reply Add seal4913 to your friends list Get a Link to this Reply
Not acg I meant gsa
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NathanASE's Avatar
United States
1511 Posts
 Posted 01/31/2013  8:25 pm  Show Profile   Bookmark this reply Add NathanASE to your friends list Get a Link to this Reply
PCGS is a third party grading service, the #1 of the top 3 (in order PCGS, NGC, ANACS, although we all have our own opinions on who we like) they grade and Slab coins.
GSA only refers to coins that were in government hoards.. They are not a grading service. In the '60's the "General Services Administration" hense GSA.. Packaged coins and sold them to the public. There nice, but completely different from PCGS.

NGC actually grades coins while leaving them in the GSA holder.. PCGS will attribite the lable as being a GSA bit not leave it in the origional case. So there's always the NGC route if you want it in the origional case and graded.

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matthewvincent's Avatar
United States
3486 Posts
 Posted 01/31/2013  8:26 pm  Show Profile   Bookmark this reply Add matthewvincent to your friends list Get a Link to this Reply
seal4913,

Almost any coin that served commerce [circulated] is a good candidate. Avoid any "Sold to Collector" coins.

If a "key" coin was saved by the public, it is not a good choice. The 1909-S VDB was saved. While costly, it is almost
always available. The 1914-D, on the other hand, was ignored.
Try to find a decent mid-grade example and you will be searching for a long time.

The best investment? Coins which are difficult to find today. In 20 to 30 years will they be any easier to locate?
I do not think so.




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NathanASE's Avatar
United States
1511 Posts
 Posted 01/31/2013  8:28 pm  Show Profile   Bookmark this reply Add NathanASE to your friends list Get a Link to this Reply
I should clarify, PCGS is #1 for the largest premium when and if sold. All three are reliable for grading.
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babysitr's Avatar
United States
1339 Posts
 Posted 01/31/2013  8:38 pm  Show Profile   Bookmark this reply Add babysitr to your friends list Get a Link to this Reply
Coin values may fluctuate,,but companies go out of buisness also!! I feel education is the key in this conversation...I've made money trading stocks ,, but I get a lot more pleasure from my coins! Everything in moderation....Diversify...Who knows what the next hot coin will be ,,,so, you better enjoy them!
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chesterb's Avatar
United States
1261 Posts
 Posted 01/31/2013  8:41 pm  Show Profile   Bookmark this reply Add chesterb to your friends list Get a Link to this Reply

Quote:
The 1914-D, on the other hand, was ignored.
Try to find a decent mid-grade example and you will be searching for a long time.

The best investment? Coins which are difficult to find today. In 20 to 30 years will they be any easier to locate?
I do not think so.


Exactly. That's what I was trying to say in my earlier post. Go for the harder to find coins and do your research. Sometimes the right coin takes years to find.





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westcoin's Avatar
United States
9792 Posts
 Posted 01/31/2013  10:13 pm  Show Profile   Bookmark this reply Add westcoin to your friends list Get a Link to this Reply
Numismatic author Scott Travers has written some good books on rare coin investing, you might want to check his stuff out.

In my humble opinion for what it's worth (exactly what you're paying me).

Over all just buy the absolute best quality of something that is really and truly rare, nothing like modern coins, yes I even mean modern ones with super low mintage's.

I'd personally put away MS65 or better $20 Saints and $10 Indians, PR66 or better Type coins, MS66/67 Morgans, Any decent Proof Gold. If you want to see a great return plan to hold them at least 10 years and 20-40 years for maturity of real value.

They truly rare stuff will only get rarer!


I'd also recommend hooking up with a trusted professional numismatist people at Heritage, Stacks, Legend Rare coins or Julian Leidman to name just a few, let them help you make decisions and bids at auctions on pieces you wish to acquire over time. They've seen it all and won't be swayed by average coins, and will help you to get the best you can afford. Well worth making a couple of trusted contacts that will be there for opinions and offer great coins based on your needs and level of investment and commitment. Well worth the small fees they charge.

I get that doesn't sound very moderate budgeted, but save up all year for one or two great coins instead of a bunch of good coins every month. It can be done (just maybe not Proof Gold ) High end proof coins, and a few top graded Morgans aren't too hard, other than waiting until the right ones come along. They price at $1500 and up.

Bullion gold and silver also platinum, I consider a hedge against inflation only keeping it's worth over time so you don't loose value. I wouldn't plan on getting rich nor would I keep more than 20% of my investments in bullion, it can be extremely volatile.
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013!
ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector.

See my want page: http://goccf.com/t/140440
Edited by westcoin
01/31/2013 10:21 pm
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XavierOfGreen's Avatar
United States
2589 Posts
 Posted 02/01/2013  12:17 am  Show Profile   Bookmark this reply Add XavierOfGreen to your friends list Get a Link to this Reply
Top grade key coins are the blue chips of the numismatic market. Top notch Morgans and Saint Gaudens have steadily increased over time, just as westcoin stated above.
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sel_69l's Avatar
Australia
21788 Posts
 Posted 02/01/2013  01:23 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
seal 4913:

Picking a particular coin for investment is about as difficult as picking a share on the stock market. Some experts can do it and be lucky, but most of us are not professionals; we are in it for the fun of the hobby, and with the possibility of added value after purchase being an added attraction.

Numismatics a hundred years ago was not a field for investment. It started out as a hobby for the very rich during the renaissance, and later attracted some of the best antiquarian researchers.

Numismatics from an investment point of view, only really 'took off' from the 1960's onwards. These days, numismatics can form a legitimate part of a superannuation portfolio, and this is a main reason why the price of rare coins in top condition command such high prices at auction.

You will get a variety of different answers to this thread, some or all of them may provide the answer for you. Let your heart choose one, and run with that decision.
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Tom B's Avatar
United States
168 Posts
 Posted 02/01/2013  10:47 pm  Show Profile   Bookmark this reply Add Tom B to your friends list Get a Link to this Reply
Whenever folks ask questios like this, they are generally answered by people as "what is your favorite coin or what do you collect" in the budget listed. That is not necessarily the same as what might be a good investment.
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mindsets's Avatar
United States
142 Posts
 Posted 02/03/2013  7:04 pm  Show Profile   Bookmark this reply Add mindsets to your friends list Get a Link to this Reply
Id buy some ATB 5 oz. not a classic coin, but will only go up in value.
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70 Posts
 Posted 02/03/2013  7:26 pm  Show Profile   Bookmark this reply Add seal4913 to your friends list Get a Link to this Reply
I dont understand the pricepoint for them. 5 coins for 1800$
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GR58's Avatar
United States
11951 Posts
 Posted 02/03/2013  7:51 pm  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply
Check out low mintage commemorative UNC dollars. They are very under valued at this time. The 1995/1996 are the keys, but there are many others that should increase in value .. over 30 years. The low mintage dollars are from around 15K to 50K or less(mintage). Unless you go for slabbed MS70 keys .. all can be bought for less then $300, with most commemorative UNC dollars going for less than $100.

Of course it would be good to shop around and find the best buys.
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MrMorgan's Avatar
United States
161 Posts
 Posted 02/05/2013  12:56 pm  Show Profile   Bookmark this reply Add MrMorgan to your friends list Get a Link to this Reply
You mentioned CC morgans. You can pick up an 1883-CC and 1884-CC CC, graded by PCGS/NGC MS64 for under $500.00. I think I grabbed the two I have for $460.00. That will even leave so money left over for something else. It isn't going to bring you a huge return but man oh man are they pretty to look at!!
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861 Posts
 Posted 02/05/2013  4:13 pm  Show Profile   Bookmark this reply Add g048406 to your friends list Get a Link to this Reply
Currently, there is a BOOMING coin market. Perhaps spurred by the $10 Million 1794 coin purchased by Legend and this springs possible $5 Million 1913 nickel. Whatever the reason, recently held auctions by Heritage & Goldberg have brought record prices. Having said this, I have noticed that there is is certain sector of coins that didn't seem to participate in this boom. The odd denomination coins ie 2 cent, 3 cent, 20 cent coins, $1 gold, commemoratives. I do NOT collect these nor do I sell them, but, it would make sense that they would participate in the boom at some point.
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