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 Replies: 23 / Views: 2,706 |
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Pillar of the Community
United States
5841 Posts |
All right, I finished my 7070 album awhile ago and periodically upgrade various coins in it as time, budget and mood permits. I'll probably continue updating it for a long time, but it's still pretty much a done deal at this point in terms of collecting goals. I also now have a complete set of Lincoln cents from 1909 to 2009. Again, I can probably spend a lifetime upgrading individual coins in the set, but I'm in no rush to do so. I let myself get distracted from coins over the last year or so by the allure of silver and gold, and ended up spending most of my discretionary income (money not already earmarked for bills or for my son's eventual college education) on the shiny stuff. Now that prices have basically crashed and flat-lined, however, I've grown a bit disillusioned with buying any more (although I plan to hold onto what I already have). I did dabble into paper currency for a bit in between all of this, and am really happy with what I've purchased so far, but I'm pretty much at the point where anything else I want to collect is going to cost waaaay more than I can justify spending. So... what to collect now? Anything of significant value that I purchase I need to justify (to myself as well as my wife) as a good investment, or at least something that will likely hold its value over time. So I'm thinking now may be the time to start picking up some really nice examples of "special" classic coins in really nice condition. Not necessarily MS70 condition, mind you, but at least MS60. And these would definitely be slabbed by PCGS or NGC so as to minimize the chance of buying a counterfeit and maximize the long term investment potential. I'm not thinking of specific dates and mint marks, but specific types of coins that I might be able to pick up for $1000-2000 apiece (obviously, this would be limited to one or two per year and not something I would buy all at once). Here are some of the things I'm thinking of: According to numismedia, I should be able to find all of these for around $1000 with the exception of the 1909S VDB Cent and the Proof Morgan dollar, which would probably be around $2000 each. I'd actually like a better condition proof Morgan, but anything above PR61 gets really expensive. As I said, my goal is to find some coins that are tried-and-true classics that are likely to always be in demand. I also want coins that appeal to my existing collecting tastes (primarily classic American coins) and that have the type of eye appeal that will make my mouth water whenever I look at them (hence all the proofs). So... What do you think? Any suggestion for other coins in this price range that might be worth considering? Am I fool to focus on all these "bling" coins? |
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Pillar of the Community
United States
4897 Posts |
1909s Indian Head cent in mid MS. Any of the Keys really...they don't make theses anymore  . They will always be in high demand. imo |
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Pillar of the Community
Canada
785 Posts |
I would get the proof WLH in PF-66 if I was to pick something from that list.
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Pillar of the Community
United States
7840 Posts |
Edited by oih82w8
11/23/2013 12:02 am
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Pillar of the Community
 United States
5841 Posts |
Quote:1909s Indian Head cent in mid MS Ooooh... that's a definite possibility as well, thanks! |
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Moderator
 United States
23522 Posts |
If you'll settle for BN instead of RD, you can probably come closer to "Gem" than "barely MS" for any key copper. And it's still a key.
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Pillar of the Community
United States
5823 Posts |
Barry, Most of your choices are 'proof', so I would suggest start a 'proof' collection?! BTW. Your 7070 collection is very very NICE!  Edited by macmercury
11/23/2013 05:14 am
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Bedrock of the Community
13014 Posts |
I like the idea of going after the best key date coins you can.
Proof barbers are gorgeous though especially the Cameos.
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Rest in Peace
United States
4078 Posts |
Your 7070 has been bookmarked so I can  some more. Amazing! |
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Pillar of the Community
United States
7187 Posts |
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Pillar of the Community
United States
5841 Posts |
Quote:
Most of your choices are 'proof', so I would suggest start a 'proof' collection?! Yah, I really love me some proofs! An entire proof collection might be a tad too ambition a goal to start out with, but I certainly might end up with one as time goes on. I'm a bit torn on the idea of a Morgan dollar proof, though... I really, really want one, but the only one I'll ever likely be able to afford would be PR61-62, which probably won't look much better than the nice DMPL Morgan dollar I currently have. Quote:
I like the idea of going after the best key date coins you can For some coins, I agree (which is why I listed the 1909S VDB Cent and the 1932 Washington quarter). For other coins, however, the true key dates are probably going to always be out of my price range unless I get really poor examples. Not much eye candy with a 1916D Mercury dime in only G4 condition, for example... Quote:
I have been working on a proof half dollar type set, seated, Barber, Walker, Franklin, Kennedy. Cameos are impressive and you could then branch out to other denominations afterwards. That's a truly gorgeous Proof Seated Liberty Half you have there, Muddler! Another one to consider adding to my list, although once again I doubt I'd be able to afford one much better than PR60-61. Still worth keeping my eyes open, though! Oh -- and glad folks like my 7070 album! Always a work in progress, but I'm pretty happy with it right now. |
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Pillar of the Community
United States
1436 Posts |
What about a nice 1877 IHC? |
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Moderator
United States
23522 Posts |
If you're willing to stretch your budget 10%, a PR63 Morgan is within reach.
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Pillar of the Community
United States
5841 Posts |
Quote:What about a nice 1877 IHC? Well, given my budget of about $1000 per coin, it looks like the most I could afford would be a pretty cruddy one instead of a nice one. Anything XF40 or above would be over $2000, and I'd like to stick to at least MS60 examples for any of these "special" coins I am thinking to buy. Quote:
If you're willing to stretch your budget 10%, a PR63 Morgan is within reach. Yeah, I know, I know. I really, really would love to own a genuine proof Morgan, but I'm already stretching my budget significantly by thinking of a PR61-62 example. By the time you get to PR63, I doubt I'd be able to find one for under $3000. I could do it, sure, but I hate to blow half my yearly coin budget on a single coin... I should mention, btw, that there are also a few more higher-end notes that I'd love to add to my currency collection, and I'll have to see about working them into future purchases as well: - Series 1896 $5 Silver Certificate ("Educational")
- Series 1923 $5 Silver Certificate ("Porthole")
- Series 1923 $10 Legal Tender Note ("Pokerchip")
Each of those is likely to run me at least $1000 in decent condition (I don't even try to get currency in crisp uncirculated condition, but I do prefer notes that have no tears, holes or stains). |
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Moderator
United States
23522 Posts |
Quote:
By the time you get to PR63, I doubt I'd be able to find one for under $3000. I could do it, sure, but I hate to blow half my yearly coin budget on a single coin.. I only mentioned it because I found a dozen different Heritage Auction results which fit that criteria, in the last year of sales. Yes, it's a big stretch, but it's doable with patience. Not that I'm really advocating a Morgan Proof; still standing on my original recommendation of a non-RD copper key. Your budget puts you into an MS64 1909-S VDB or 1909-S Indian, in either RB or BN. Again, based on existing sales records. |
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Bedrock of the Community
United States
20753 Posts |
Myself being a Mercury dime nut, the first thing I noticed is those are not on your list. Odd. I thought everyone collected those. Don't understand your facenation with Proofs either. Not an easy item to find almost anywhere. My suggetion would be to try to get an all MS grade Lincoln Cent set including, and I hate to even say, those accepted error ones like the 55, 72, 95 Doubled Dies and the so called 22 Plain. I'd like to see a full set of Mercury dimes in all MS grades with FSB. I'm trying for that now and still need about 8. |
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Replies: 23 / Views: 2,706 |
Posted 11/22/2013 11:57 pm
