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 Replies: 26 / Views: 3,915 |
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Pillar of the Community
United States
624 Posts |
thq... your post about proof sets was like a kick in the stomach. I love proof sets and have been filling some holes (right now 90's Premier Proof Sets). They haven't been easy to find and when I come across them, it's at a high market value price. If you're only getting $10 on a good day, you haven't been advertising in the right places!
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Pillar of the Community
United States
3343 Posts |
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
05/06/2013 4:27 pm
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Pillar of the Community
United States
500 Posts |
I'd also opt for the Peace dollars. Though common dates, that they are GEM is a good thing as there is always such a "bump" in most coins at that 64 to 65 break. I personally like the cartwheel lustre and design of the Walker a tad more, but late Walkers in 65 are VERY PLENTIFUL out there. I'm currently working on a late certified Walker 66 run. The "investing" aspect is hard for me to comment on. I wrestle with that a fair amount myself. The "fewer/rarer/key-date" vs "more/common/less$" of say album filling? As a collector I prefer the latter, as an investor-only I'd look at one "rare" coin instead of 3-4. |
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Pillar of the Community
United States
1959 Posts |
ExoGuy summed it up perfectly. Ditto that for me. It takes patients and persistence and a little self control to wait for the coins that you don't see all the time. Common Peace dollars and common Walkers are available by the bucket loads. Maybe not all are high grade slabs, but collectors of these type coins don't buy them based on slab alone. They will scrutinize the strike and eye appeal. Knowing a well struck coin when you see one is important. Also, knowing what years had less common well struck coins and holding out for the better coin will pay off in the long run. For me, this means knowing the market, noticing coins that are undervalued in the market in general and buying them before the take their leap upward in price. Kind of like a lot of the Seated halves and quarters did recently. Good luck and go with your gut! |
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Bedrock of the Community
United States
20753 Posts |
IF your really purchasing anything for your kids, so much depends on them. Attempting to push a hobby of your choice onto your kids in most instances backfires. Of course so much depends on their ages, boy or girl, how they already look at coins as a hobby. I learned the hard way myself. I tried to get my son into coins when he was a little kid and if worked for a while but today he has absolutely no interest in coins at all. Actually no one in my family is interested in coins as a hobby. Todays kids are so much more into computer games and on line stuff, coins to them are basically borring.
I suggest before you consider getting to much involved in what your kids would like as an investment for the future, try talking to them more.
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Pillar of the Community
United States
3486 Posts |
Sorry, grancap74, but neither is a good investment. Coins which are common today will be common tomorrow, and if YOUR MS-65 has slightly less eye appeal than another's MS-65 which do you think will do better? Buy an educational account if your state offers one. And if you want to buy a few coins, spend a few years seeking out the truly rare and desirable ones. They will hold their value in the long run. Alternatively, a single Walker from the twenties or earlier or a Peace dollar from late in run is much more likely to hold its value or to increase than the common dates you listed. Then again, you may be among the many who like a lot of shiny coins instead of one or two used. To each his or her own. Tip for the day: 1919-D coins of any denomination in high grades. Just try to find them! The half especially. Good luck. |
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Valued Member
 United States
289 Posts |
Update: Sorry for the delay, but yesterday was doctor visit day. I ended up purchasing the following, 1 each Peace dollars1923p MS65 1924p MS65 1 each Walkers 1945p MS65 1945d MS65 1946p MS65 All 5 coins for a total of $500 even, and all NGC slabbed. He has a 1926s Peace dollar but that coin was out of the budget and he really seems to be much higher on "key" coins than what I've seen go for on websites (he wouldn't go below $900). Anyway I really want to thank everyone for their input and advice. I'll still keep haggling on the '26s Peace, that really was a great strike coin. There is also several Capped Bust half dollars (which is my first love of coins) that I'd love to add to my set. I'm happy with the purchase and I feel like I was treated very well. It's nice to have a good local store nearby. Thank you again for everyone, I'll post some pictures soon. |
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New Member
United States
23 Posts |
Good article in CoinWeek today: The Coin Analyst: Coins are Not Investments; They are Assets and Collectibles to Be Enjoyed By Louis Golino on May 13, 2013 10:59 AM "Charles Morgan and Hubert Walker, in their recent 'Open Letter to Wayne Homren,' drew attention to wildly inflated predictions of future prices of classic U.S. commemoratives by Anthony Swiatek in his major reference book on the field, which was updated last year. "I strongly agree that far too many coin dealers and other involved in selling U.S. coins make exaggerated claims about the future price potential of the items they are selling. This was, in fact, at the heart of recent lawsuits stemming from hard sale tactics by certain coin companies that resulted in multi-million dollar settlements and new FTC regulations on coin buying last year. And the conflict of interest inherent in recommending the very same type of products they sell is troubling indeed, and as Mr. Morgan explains, would not be tolerated in any other industry. In my view, the fact that it is tolerated is something that limits the coin market from reaching its full potential and from being taken as seriously as other industries. "I believe that this same phenomenon played a key role in the creation and collapse of the great coin bubble of the late 1980's. As it happens, I was taking a break from collecting coins at the time, while pursuing academic and other interests. But I have studied that period, and I believe it offers important lessons and cautionary tales for those looking to become so-called coin investors. . . ." continued: http://www.coinweek.com/commentary/...-be-enjoyed/ |
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Valued Member
United States
289 Posts |
Keatsian, Thanks very much for the article. Very interesting and educational as well. I've been collecting a while and I didn't purchase these based on what anyone individual said to me. I collect coins I enjoy, and my thoughts are just this: In my opinion, the majority of MS65 coins from the era and series which I collect have a greater chance of being a sound investment/asset for my children 30 or so years down the line rather than purchasing last years mint set or 2009 Lincoln Cent rolls, or the like. I feel like I paid a very fair price from my LCS from what I have seen sold on ebay or other similar auction sites. That said, to me some of the TV programs or commercials have a completely different agenda than what I have. I collect because I enjoy doing so and in the process to learn about the history of the coin, as my children seem to be doing as well. Thanks again for the link and I think there are some very valid points in it that many should read. |
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New Member
United States
23 Posts |
grancap, I admire your reasons and motivations for acquiring these coins. I wish you and your acquisitions the best, and I am sure your children will greatly appreciate your efforts.
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Pillar of the Community
United States
2540 Posts |
"This would be an investment for the kids"
then don't!
collect, but NEVER invest.
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Replies: 26 / Views: 3,915 |
First Page
Posted 05/06/2013 4:22 pm
