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Replies: 22 / Views: 4,212 |
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Valued Member
United States
256 Posts |
Title says it all.
Want to start a collection that will accumulate to over face value over time.
What's your opinions?
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Pillar of the Community
United States
3789 Posts |
I think the silver 5 oz coins do right off the bat. Not all, they will vary.
Outside of that, special one time coins should do well. But heres the biggest draw back., well maybe two...
one is the price of gold and silver... until it is established what and where it wants to go, prices will bounce around. The other is the fact that coins, many, come in cycles in terms of supply and demand.
Therefore, the fast flipper has the best advantage I feel.
Outside of that, collect what you like AND think will gain value.
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Pillar of the Community
United States
2543 Posts |
None ....... if you had to put your money someplace coin related, invest while gold and silver is down, sell when prices rise, rinse and repeat. Coins are a fun hobby but unless you get really lucky, it is break even at best.
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Pillar of the Community
United States
1234 Posts |
The OP did not say silver/gold that would be the best way to go, but I still wonder how much silver prices vs. inflation has really kept the value of silver at about the same ratio... in the 1920's a brand new car could be had for $500, I'm sure you could get a nice car for 500 Morgan's these days.
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Valued Member
 United States
256 Posts |
I'm just interested in getting the "best bang for my buck," so to speak.
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Bedrock of the Community
Australia
21786 Posts |
In terms of new Mint product, that would mean those that have a very unusually low mintage relative to the series that they are in. You have to be very lucky to take advantage of these offerings from the Mint when they come available, because there are so few of them. 'Johnny on the spot', you may say. It pays to cast your net very widely: Modern proof errors that have escaped from the Mint are another example: e.g. The gold 1994 British Double Sovereign / Two Pounds. It has a double sovereign obverse, and a commemorative Two Pounds reverse. About 150 escaped from the Mint, and funnily enough, very few were returned for a refund. The Royal Mint stuffs up a bit more often than others when it comes to off metal strikes, because they execute coinage orders for more countries than any other mint. The flans occasionally get mixed up, but it should not happen. You have just got to be lucky to find out about these things before most of us do, otherwise your investment performance will be like mine, that is, somewhere about average.
Edited by sel_69l 02/22/2014 07:51 am
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Pillar of the Community
United States
4901 Posts |
I always buy my raw moderns from the Mint. I have been doing this for MANY years and I can say with some confidence that none of my purchases sell at less than what I paid for them and a high percentage sell at a premium. That said, I always buy silver products, proof sets, ASE's both proof and burnished, 5 ounce pucks and special sets. I never buy circ quality sets or non-silver proofs. I do not buy gold from the Mint although it would not be a bad idea if you had the cash. I jump on the special sets like the 20th and 25th Anniversary, San Fran and West Point sets, LE Proof Sets etc. I loaded up on those sets and have done well on the 70's. The only sets I have graded are the ASE sets. These do MUCH better graded than raw...although recently the 69's seems to be pretty close to raw prices..still much better than issue price. So collect what you enjoy....I collect NGC PF70 Presidential dollars..(my one deviation)...one of each...I just think they make a nice set...probably won't go anywhere in price Sorry for being long winded...
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Bedrock of the Community
Australia
21786 Posts |
I have noticed that quite often with new release Mint products, the price on the aftermarket drops for a variable length if time, from months to years, after new issue release. It depends on the initial new release price, if that was too high or low, and market popularity after issue. Those price factors can be very hard to guess at.
Really, the best you can do is judge those above factors for yourself, (and sometimes get those wrong), BUT only buy those items that interest you, quite apart from guessed at future pricing influences.
Above all, ENJOY your hobby!
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Bedrock of the Community
13014 Posts |
Moderns are literally a crap shoot in terms of investment. You basically have to hope that not many people buy it or sales are cut short unannounced and that later one a lot of people want it. Theress very exceptions like the 2011 ASE set with a tightly controlled mintage where you can look at it and sayy without a doubt this ones going up in price. You can take educated guesses on what has a good shot but in the end its still just a guess. Some pan out, some fall flat, and sometimes something completely unexpected gets hot. They you get into grades and you can have grade rarities like an ms 70 5 star general half, or you can have the exact opposite like the 2013 ASE set where even the 70s are flat at this point with just a small premium over grading costs because they were so well made. Basically with very few exceptions ultramoderns from the mint really arent the place to be looking for investments. The upside is usually pretty limited while the chance of it doing little to nothing price wise is very real. Basically get what you like. The silver stuff usually does okay but you generally need to get lucky to have bough something that sees a significant price spike. Those spikes usually fade some over time too as the product cools off and more people got what they wanted.
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Valued Member
United States
337 Posts |
Like everyone said moderns are a crap shoot. The best bet in my mind will be any error coins and silver coinage.
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Pillar of the Community
United States
3789 Posts |
I tend to agree with Fox and his point as I have experienced that several products, silver and gold, to tend to accrue value.
I also agree with Sel: collect what you LIKE, that you are interested in AND enjoy them.
I do both myself, I get what I like and I try to stick to whats moving or will move in the future. Like anything, trends and cycles come and some items are always like stalwarts were they dont budge in price.
Again, another factor is where silver and gold prices are headed. We still dont have a clear picture yet. This is not a time to be buying as we dont know if this rise in prices is "it". So you could start now but dont be surprised that prices are all over the board. Several coins I was stalking to plug holes dropped in price as gold and silver tumbled and then after a few weeks and months, they started to get stable and even have risen.
So its going to take some time to observe prices, be patient. Remember too that sometimes small limit runs dont guarantee that a coins price is going to rise. I think the biggest edge in terms of profits in coins belongs to the flipper. Over time you should be OK, but again remember that many coins, in fact the vast majority of coins wont really be worth much.
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Pillar of the Community
United States
4901 Posts |
Not really related to the thread topic but since silver prices were mentioned.....I started going strong back into silver bullion buying when it was in the $19 range and have been snagging any deals I find...not just buying everything but waiting for deals .. ASE rolls...10 ounce bars..great sales the last month...not much right now I pegged $19ish as a bottom but we will see...
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Bedrock of the Community
13014 Posts |
Silver prices are relevant in the sense that most silver items have done well from the significant gain in spot prices. So a 2002 silver set selling for more than issue price doesn't necessarily reflect more than the silver price change.
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Pillar of the Community
United States
4901 Posts |
Correct...but at least they have not lost value as the non-silver sets have... Quote:
...............original cost..present value 2002-S .........$19.95....... $6.00 2002-S Quarters $13.95.... $3.00 2002-S Silver.. $31.95....... $37.00
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Pillar of the Community
United States
3789 Posts |
well...
I have seen the price of the 25th anniversary set silver eagle set fall since I bought it on after market after missing it back when it was released... and part of the drop was the silver price. IF you bought it from the mint directly you are in great shape,, I couldnt, I was too busy to get it.. so since I was keep my collection up to day, I paid up.
Thats why, I think, short term, advantage, 100% is in the favor of the flippers, it reminds me of my job as a trader.... long term, some coins , if you sit tight and hang on, you follow the ups and downs... just as a long term investor.
Coins are like a secondary investment I think. If you want PMs to invest in, you buy bullion and park it. period. Or you come to the financial markets and buy either futures or ETFs, such as SLV or GLD which let you tap the market directly and offer you 100% liquidity.
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Valued Member
United States
72 Posts |
I recently took a good hard look at US Proof sets, particularly the silver proof sets. I've just started to buy these in quantity with the intention of selling them in 3-5 years. A little research has shown that these sets have always gone up in value significantly. I agree with Foxwoods Man and am heading down that road of investing.
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Replies: 22 / Views: 4,212 |