| Author |
Replies: 12 / Views: 1,831 |
|
|
Valued Member
United States
90 Posts |
Poll Question
Hola everyone!
Being a young adult, and loving the numismatic aspect of collecting until I pass away, I need everyone's opinions.
i plan to keep my collection for the next 50-60 years provided that something doesn't happen to it or I don't need to sell it for whatever reason, so I would like to know, what would be the best choice to work on a "type" set.
i will not be collecting low grade coins, they will all be higher graded MS-65 (possibly a bit lower for keys) but what do you think, wont take a massive hit over time or will be the most beneficial!
i have been leaning towards high grade nickel dollars, but will they still hold value in 50 years? suggestions if not included in the poll
Edited by bullion-investor13 06/01/2013 11:52 pm
|
|
|
|
Pillar of the Community
Canada
849 Posts |
As an investment, High Grade Nickel Dollars? I don't think so. Buy one 1926 Far nickel or one 1948 silver dollar and put that away for 50 years. Maybe you'll double, or triple your money. A nickel dollar from 40 years ago is not worth much more than a dollar in 2013 and when you factor in inflation, has probably lost value. Fifty years from now that nickel dollar won't be worth much more than it is worth today. On the other hand, if we are not talking investment but simply collecting; then it really does not matter. Just collect what appeals to you and you might enjoy that more than one 1948 silver dollar sitting by itself in your drawer for 50 years.
|
|
Pillar of the Community
Canada
1554 Posts |
 If you are Collecting for the purpose of investing, stay away from coins and go see your financial advisor. However, if you love Collecting coins I would recommend whatever appeals to you is what's most important. And the only advise I could give to you I.M.H. opinion is to purchase the highest graded Key dates first (if possible) in whatever series you decide upon. If you have any doubts about the years to Collect, buy only PRE-1967 coinage, they are the most cherished among Canadian Collectors and don't have the super high mintages that Post-1967 coinage is plagued with. Glenn 
|
|
Moderator
 Canada
10458 Posts |
I would say any high grade nickel composition coins could have potential. Ignored for years, by the time the alloy recovery program wraps up, demand for higher grade coins, especially loon dollars and two dollars, could make things interesting.
High grade nickel dollars are a good choice, low mintage, large coin, grade rarities, and the last of the voyageur series. And now, with the alloy recovery program, they are being returned to the mint. But, that is only a good choice if you have a good eye for grading. Then you can turn a $2 cherry pick into a $50 to $100 coin (MS-65 or better). My best buy was a $2 purchase, now sitting in a PCGS MS-67 holder... how could that not be a good investment...
I turned three ICCS MS-65 nickel dollars into a coin purchase at Coin Expo. Made a trade for a MS-66 1947 red cent with Newcan Coins. My cost was 3 dollars I bought at face (raw) plus $20 for ICCS certification...
"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
Edited by SPP-Ottawa 06/02/2013 09:23 am
|
|
Pillar of the Community
Canada
3167 Posts |
Quote: If you are Collecting for the purpose of investing, stay away from coins and go see your financial advisor./  I never buy coins solely for return on investment. Not to say I don't hope for them to go up in value for the time when they need to be sold, but I will not be counting on it. Rather, I buy my coins smartly; trying not to over pay, and sometimes waiting until (what I think are) reasonable prices to come along, but I do not think of my collection as an investment as such. The only way to really have the chance of positive returns would be if you analyze the market, and find undervalued items. It is not impossible, as several have done it before quite successfully, but you need to invest the time into learning about he trends. Sometimes, it may impossible to do that, as predicting the demand in 50 can be as impossible as predicting the president or prime minister at that time.
Edited by noahs-numismatics 06/02/2013 10:31 am
|
|
Pillar of the Community
Canada
519 Posts |
I think there may be some potential in small cents and nickels. I know personally my interest in pennies was renewed because they are no longer being produced. People tend to want what they can't have. (I saw ebay bids yesterday on a lot of "low mintage" pennies from 1990 :S.) I personally really like nickels (1922-) so I intend to focus on higher grade low mintage years that I feel are currently undervalued. I think no matter what you pick you will do fairly well because you will become very knowledgeable about the particular series and will be much more likely to make good decisions. However as others have said it should probably be treated as an enjoyable hobby with the added potential of making some money on the side.
|
|
Pillar of the Community
Canada
2495 Posts |
With a name like 'bullion-investor' I'm shocked you're asking us what to invest in when the best choice is staring you right in the face.
Silver at today's price of $25 an ounce is the screaming buy of the century.
|
|
Pillar of the Community
Canada
3167 Posts |
Quote: Silver at today's price of $25 an ounce is the screaming buy of the century. That may be your opinion...
|
|
Pillar of the Community
Canada
2781 Posts |
collect what you like to collect, the value of any coin or collection will never exceed the value of the time you spent enjoying it.
|
|
Bedrock of the Community
Canada
11922 Posts |
I noticed there is know option for all of the above...
|
|
Valued Member
 United States
90 Posts |
Hi everyone - thanks for your honest replies
as for the quote about my name "bullion-investor13" if I could change it I would, I kind of hit that 250 ounce of silver mark and decided that numismatics is probably the route i'd like to go, that being said, I hope silver goes about $30.00 so I don't take much of a loss off 250 ounces.
i was speaking with an old friend (some of you may know him or know OF him) he works at Colonial Acres here in Waterloo Ontario, his name is Todd, I asked him the same question and this was his response:
"if you decided to collect small cents, 1920-1967 - in 50 years, the years with many high graded coins like 1965 and 1964 wont be worth much more, but if you collect the keys or high grade low mintage coins from all denominations, than you might have better luck/
i did purchase a 1943 Far 3 PCGS MS-65 X cross graded MS-65 ICCS for $650.00 today (population is about 11) I know "trend" is about $1200.00 so I might stick with a fast variety of collection all different Canadian coins.
|
|
Pillar of the Community
Canada
2495 Posts |
The one thing going for any collector of fine quality Canadian coins is the current state of the market.
It's definitely a buyer's market with prices on quality ICCS ms65 coins at the lowest (% of trends) I've ever seen.
Be patient when buying because you will be able to negotiate a very good price I'm sure.
|
|
Pillar of the Community
Canada
3234 Posts |
My advice would be for you to buy the best grade of key dates that you can afford.
Study and learn and listen to the experts. Look for the newest key varieties that have now become a "new" and separate collectable. Find them before the others do.
Those "in the trade" have a huge advantage at finding the new keys as they have a larger turnover when compared to a collector.
I would never consider gold or silver as a wise investment at this time. Just look back a few years, it's a bubble that can burst at any moment. Is this an important material that is used in today's world,..I don't really think so.
Check and see how much gold and silver is actually needed and used,...and then see how the vast majority of these precious metals are just being piled up in bank vaults never ever to be useful to us,..other than speculation...
There is no real reason for these metals to have such a high value.. It's not turned into jewelry or coins,...it's just piled up...
my 2c
|
| |
Replies: 12 / Views: 1,831 |
|