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Replies: 26 / Views: 2,453 |
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Valued Member
United States
90 Posts |
I have been considering selling off my books of coins and the misc modern stuff to concentrate on less coinage amount and increase my value in my holdings by taking this money and buying some coins in the $1-2K range. Does anyone have recommendations on coins they believe (or know) would be increasing in value steadily in the next 5-10 yrs or any that would possibly be sleepers at this point that would be poised to take a jump up in value in the future? I have considered the higher grades of the 16-D Merc and the 1909-S-VDB as I figure these are some of the most popular coins out there and could easily be re-sold. Also the 41/2 overdate Merc has been on my list of wants. Give me some ideas of something that would be easy to re-sell. Thanks!!
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Pillar of the Community
United States
1151 Posts |
If anyone knows which coins will jump in value, I would like to know also.
If I had to guess, high grade key dates and gold coins.
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Pillar of the Community
United States
7123 Posts |
Hi Morganator
The Keys and semi Keys are IMO the only ones that can be counted on to continue to increase in value in any given coin series.
Gold coins are a good addition to any collection , as well as just about any high grade classic .
what it boils down to for me is I buy and add what I like,, if it increases in value thats a good thing ,if it dont well its still a good thing because I like it .
I have my particular choice of a series that I buy as I can ,, everyones is different ,,just whatever you buy buy the best you can , and then upgrade that when you can ,,you will end up with a collection that not only will have stunning eye appeal but also considerable value in the market .
I can tell you this much 5 to 10 years is a drop in the bucket in coin years !!
I will no doubt not be the one who gets to cash in my coins for chits in the future !!
Metalman
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Pillar of the Community
United States
1984 Posts |
The answer depends on what kind of buying/investing you want to do. The simple and most direct answer is to buy the key dates in the best condition you can afford. But you want to look more deeply into the crystal ball for further value. Whatever you decide to buy, learn how to grade it better than the sellers. Also very important: remember that you are investing. Track your investments as you would stocks. You need to remember to SELL them when they have appreciated significantly, and look to reinvest in other undervalued opportunities, or you will get killed by the cyclical nature of the market. As for specific types, I have a list as long as your arm, but I'll mention a few I've been thinking about recently: Shield nickels. I've had dealers tell me (and I've noticed) that the nice ones aren't out there as much. I see opportunity there. Bust quarters: they've been heating up, but there are still some deals to be had in the capped series. If you can find a dealer selling an 1824/2 quarter near the grey sheet ask, I say buy it. Nobody knows exactly how many were minted and there aren't many out there. That year is a buy and hold in my book, and there are reasonable opportunities throughout the all of the bust series. I also like Classic Head gold and Indian Head Gold Eagles, and any series really where your collectible grade experiences a big jump in the next grade up (the Dave Bowers method). If you look at the PCGS price guide for Indian Head Eagles http://www.pcgs.com/prices/frame.ch...indian_eaglenotice the prices. Obviously the supply of lower grade UNCs is higher than the MS-63 and above, but the rise on the high end looks like it's bringing up the lower end and you've got a significant downside cushion. If I were speculating I think I'd look at the "S" mints there. Lower mintage San Francisco Morgans. Just because I like them and I see steady, if not spectacular, appreciation possibilities at various conditions in the series. Quality Barber coinage. If you can find original surfaces for a reasonable price, I think you'll be OK. Mint State would be good if you can afford it. Barber coins in uncirculated condition especially always seem to attract attention from specialists. --I could go on and on, but I admit these are just guesses on my part, and I think using coins as pure speculation/investment is not what I would advise. Buy what you like and like what you buy. I would love to know what you decide.
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Pillar of the Community
United States
2270 Posts |
Selling off your books is the biggest mistake you can make for the longterm value of your collection. Not only can they provide many hours of relaxation but they can steer you to undervalued coins.
Selling off all your moderns might be the second biggest mistake you can make. Certainly there are some that are fully valued or with a potential to drop but just unilaterally divesting oneself of some of the hottest coins in the market might not be wise.
Time don't fly, it bounds and leaps.
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Valued Member
 United States
90 Posts |
Cladking, Can you explain more about your first statement about the books. Not sure I understand why selling these off would be a mistake.
The moderns in my opinion, hold no place compared to a nice Bust Dollar or a pree 1900 coin. I just came across these while buying stuff from people. I want to turn these modern commem sets into the coins I am mentioning in my first post up above.
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Pillar of the Community
United States
2270 Posts |
Morganator: I might have misunderstood your first sentence now that I read it again. If you're talking folders and albums of coins that you don't want then, yes, by all means sell them. You'll probably get more than you paid since prices are strong and then you can use the proceeds to buy coins you're more interested in. If you mean coin books or books on numismatic subjects then these are what I'd strongly recommend you keep. They can be much more valuable than coins and, sometimes, almost as much fun.
There's no reason to keep moderns or anything else if you want other coins. I personally try not to sell things until they appear to be fully valued but there's no reason other collectors should be concerned with prices.
Collecting is always a lot more fun when you do it your own way. Have at it.
Time don't fly, it bounds and leaps.
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Moderator
 United States
23731 Posts |
Gold would always be a good investment, but if I was going to do the same I would look to buy high end silver coins from 16th-19th centuries especially those from the German States. That's just my preference.
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Valued Member
United States
455 Posts |
I enjoy collecting for the same reasons as most of us. I love the little shiny things, their inherent collectibility, variety, history, rarity (sometimes), monetary value, precious metal value, and so on. Like everyone else I like to see the value of my collections go up, up, up. The way this happens is by making prudent selections when adding pieces to my collection over time. But when all is said and done, the reason I collect coins is because I relish the pleasure this hobby brings me and that's why I collect.
Sensing your motivation, I would have asked your question a little differently, "Does anyone have recommendations on stocks..."
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Pillar of the Community
United States
1283 Posts |
Of my collection, the only coin that recently had a significant jump in "value" is my AU-55 1825 Half.
You might also want to look at 3 legged buffalos.
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Pillar of the Community
 United States
2703 Posts |
quote: Bust quarters: they've been heating up, but there are still some deals to be had in the capped series. If you can find a dealer selling an 1824/2 quarter near the grey sheet ask, I say buy it. Nobody knows exactly how many were minted and there aren't many out there. That year is a buy and hold in my book, and there are reasonable opportunities throughout the all of the bust series.
Hi Habib, Funny you should say that. You and other folks on this forum have got me interested in US coins again. This morning at the Auburn show I came close to buying a 1825/4 bust quarter in VF from a NY dealer. It had almost no marks and looked like it had never been cleaned. I couldn't really see the overdate, however, just what looked like a short top on the 5, and figured I better educate myself more before jumping in.
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Pillar of the Community
United States
3233 Posts |
Lower mintage 3CN (1875-1887, possibly 1888-89) 20¢ Philly mints (75 & 76)
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Pillar of the Community
United States
1984 Posts |
t360--Yes, it's a very interesting series, I like them very much. All of the 1925's are overdates so you probably did have the 1825/4, as I believe (I don't have the book in front of me) that you are describing a key marker. For mintage figures, the 1824 and 1825 often get combined, but I don't know why, except maybe for convenience. What did the dealer want for it, if you don't mind me asking?
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Pillar of the Community
 United States
2703 Posts |
He had it marked $900. Would have taken $850. I countered $800, and he said only if I had cash. Otherwise $840. My checkbook finger was twitching, but I decided to let it go.
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Pillar of the Community
United States
1984 Posts |
As I have to keep reminding myself, there'll always be other chances.
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Valued Member
United States
440 Posts |
You can't go wrong with key dates. A 1911d 2.50 Indian gold is a keeper. A 21 or 21d Walker is a sure bet. I picked up these 2 at Charlotte, they will always increase.I also like you idea of 09s VDB. 32D PCGS G6   32S PCGS XF40  
Edited by grovey 05/13/2007 4:58 pm
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Replies: 26 / Views: 2,453 |