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 Replies: 11 / Views: 2,109 |
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Bedrock of the Community
United States
20753 Posts |
If you aare thinking of using coins as an investment, that may be a mistake. IF you go by the Red Book for values, here is some statistics on values. I took my copy of the 2010 and the 2015 Red Book and compared values of some coins. Of course the Red Book is noted for poor pricing but this is what I came up with so far. Liberty Head Half Dollars. 73 coins checked of miscellaneous grades. 54 went up in value 12 stayed the same 7 went down in value Liberty Head Quarters and again of miscellaneious grades 70 coins checked 48 went up in value 19 stayed the same 3 went down in value Liberty Walking half dollars63 coins checked of miscellaneous grades 29 went up in value 22 stayed the same 12 went down in value Naturally this could change based on different grades. Rather time consuming so I probably will not try with other coins but thought this was interesting. |
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Pillar of the Community
United States
898 Posts |
Which grades did you choose? I would probably try to look at MS grades, because silver coins at low grades will be more effected by the price of silver. Also, whether they go up or down doesn't matter too much, it matters HOW much they went up or down. I'm not asking you to do this since it's a ton of work I just thought I would add those concerns.
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Bedrock of the Community
Australia
21786 Posts |
I have made substantial profit from the sale of coins, but that was never my intention to do so. The sale was made 10 to 15 years after their purchase, and I just happened to get lucky. That was a long time ago, in the period 1960 to 1975. The profit was used to raise money to buy a house.
These days, from 1975 onward, I just buy what I like, covering the whole period of numismatics, over the last 2,600 years, from the invention of coinage. That gives me the whole scope of numismatics from which I can purchase what I consider the best value for money with every acquisition. With this strategy, there are always good value for money purchase options out there, from all over the World.
I am just making use of a lifetime of experience in numismatics, the only problem with that is that I am no expert in any field of numismatics. I am not a specialist; I am a generalist.
Profit wise this time around, is, that I have no intention of selling any of them. My kids will realize the profit from them, after I kick the bucket.
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Pillar of the Community
United States
4212 Posts |
You can save a boat-load of time using numismedia.
Just click a particular date&mm to see a historical
performance chart, or not.
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Rest in Peace
United States
4078 Posts |
DB asked Quote:
Which grades did you choose? well  Quote:
Liberty Head Half Dollars.
73 coins checked of miscellaneous grades. Quote:
Liberty Head Quarters and again of miscellaneious grades Quote:Liberty Walking half dollars63 coins checked of miscellaneous grades Thanks Just carl, interesting knowledge. |
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Rest in Peace
United States
4078 Posts |
@ sel_691, Quote:
I am just making use of a lifetime of experience in numismatics, the only problem with that is that I am no expert in any field of numismatics. I am not a specialist; I am a generalist.
Sel, please give us a break! The CCF members know well about your valuable experience. We all have learned from your knowledge.  |
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Pillar of the Community
 United States
4589 Posts |
Also remember that just because the price guide says $100 doesn't mean you will clear $100 when you sell it. $50 or $60 is a far better estimate. That can take a huge whack out of your 'gains'.
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
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Pillar of the Community
United States
3453 Posts |
SsuperDdave recently said that coins and investing should not be included in the same sentence and I think that is dead on accurate. Quote:
Sel, please give us a break! The CCF members know well about your valuable experience. We all have learned from your knowledge. bpoc1, nicely said!  |
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Bedrock of the Community
United States
19942 Posts |
Quote:
SsuperDdave recently said that coins and investing should not be included in the same sentence and I think that is dead on accurate.
Dave is a smart man! Buy coins because you enjoy collecting and no other reason.....unless you're a dealer of course. Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
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Pillar of the Community
United States
655 Posts |
Quote:
I have made substantial profit from the sale of coins, but that was never my intention to do so. The sale was made 10 to 15 years after their purchase, and I just happened to get lucky. That was a long time ago, in the period 1960 to 1975. The profit was used to raise money to buy a house. That's terrific, but I don't think that will happen again. I don't know about Australia, but that was pretty much the golden age for coin collecting in the U.S. |
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Valued Member
United States
259 Posts |
To me "coin investing" is an oxymoron. There are only 2 ways I can think of to consistently make money collecting coins (or stamps) so that you could sell your collection for more than you paid:
- Develop superior knowledge of varieties and find them hidden in general material (I made money in stamps this way. Was a ton of work to learn and then locate scarcities that dealers didn't notice).
- Find and buy collections the way a dealer does, keep the pieces you want, then sell the surplus to collectors. Should make money both short and long term based on the margins. Oh, and make sure you have a few hundred thousand dollars as working capital ;-)
Beyond that, it's a hobby.
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Bedrock of the Community
 United States
20753 Posts |
As I noted in the original post: Quote:Of course the Red Book is noted for poor pricing but this is what I came up with so far. Just that I collect them and I used to use the 2010 version for estimates. I've never sold a coin so really makes little difference what the prices are. I figured it is about time to put that 2010 baci on a shelf and start using the 2015 version for info and approximates of values. Again, since I don't sell coins, makes little difference what Guide I use for values. So for the fun of it, I started comparing prices in both the 2010 and 2015 versions. Mostly due to so many people complaining about this books values on coins just thought I'd see if they corrected anything. I could assume that due to so many coins in the ones I did check either not changing or going down, that some corrections are being made with the prices in the Red Book. Maybe not but just thought I'd check. |
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Replies: 11 / Views: 2,109 |
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Posted 05/27/2014 11:39 am
