The market sets the prices. If you buy at a price that's so high that only a few collectors can afford a modern bullion coin or set, you may do well, but if everyone who could bought the sets and had them graded at MS-70 and PF-70, the price may not hold when we find out how many sets are Top Pop.
Do I wish I had the money to have bought some of these "Instant Rarities" when the mint released them, YES, I do. Now I'll never have the money to buy them.
I love to search mint rolls and I even search my pocket change when I get it. I've had two good hits in the last month. I found a D.C quarter
DDO and a double struck in the collar cent.
Nothing can beat that feeling when you see something that's rare that you got for the value of coin.
I'm don't have the money to buy these Super Sets, so I'll keep buying old $50 bags, $25.00 MS boxes, new Bank Rolls and as I do, I'll be crossing my fingers that I hit something good.
I see coins on
ebay once in while that are errors that I can sell for more that I pay. Most of the time I'm able to sell for 10X to 15X what I paid if I find something the seller missed.
Some seller still have boxes of rare sets that are still boxed. The more that are found, the less the value for the sets.
That's why I look for errors and variety coins. Yes, it takes a lot of looking and the profit margin is much smaller, but it so much fun.
I couldn't buy anything for $15,000! But I alway have a chance to buy something for $200 and find errors and varieties that will make me VERY HAPPY.
Then I take that money and start searching again.
I do plan on buying a Silve Eagle each month as soon as I'm in better financial shape. That should be in the next year. No, I may not get rich that way, but I don't think I'll loose everything either.
Ben
Posted 12/01/2013 6:37 pm
