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 Replies: 13 / Views: 2,454 |
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Valued Member
United States
111 Posts |
I just about pulled the trigger on a MS 1955 DDO but stopped after finding that the price hasn't moved much over the last 10 years based on past auctions listed on NGC's coin explorer (incredible site btw). I figured coins would have gone up in value during the move to commodities. or maybe go down when nobody was buying. either way, can someone point me to a reference that talks about coin values over the past decade or two? or maybe just give me a run down here? I'm interested in MS key dates for IHC and LC. noticed the 1877 IHC has started to creep upward. also noticed the 1990 no S keeps going down in price. any other coins severely depressed right now? Thank you! Edited by themetallurgist
09/01/2014 11:31 am
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Pillar of the Community
Canada
2781 Posts |
I'm no investor but figure that while "money" coins might hold their value they aren't going anywhere (up) as far as investment goes.
the top 10% and bottom 10% of any collectable don't change much. its the middle where the trends seem to shift but that's a lot like playing the bullion market.
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Pillar of the Community
United States
1666 Posts |
I don't see much investment potential in US coins. People that invested in them back in the 80's would probably have some sad yet interesting stories to tell. Foreign coins are different, lots of types that have yet to hit their potential. |
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Valued Member
 United States
111 Posts |
since there becomes more and more people with ever increasing income, I wonder if they would buy expensive coins. I suppose that has been going on for the last decade (more people with money), but it hasn't so much translated to higher US coin values.
how about the collections from baby boomers. are those hitting the market, keeping prices steady?
how about ancient coins? have they always gone up?
Edited by themetallurgist
09/01/2014 12:04 pm
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Pillar of the Community
Canada
1118 Posts |
Investing in coins? Jeez, let me go dig out my crystal ball.
With India and Newfoundland becoming more industrialized and wealthy maybe they will want to buy back their history similar to how the Chinese are buying back their stuff? If you sit on some old British India and Newfy stuff for 10 years you can play the preciouses metal and numismatic game and possible luck out?
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Valued Member
United States
446 Posts |
Coins as an investment are very, very, risky, IMO. I purchased lots of "junk" silver in the 2002/2003 timeframe as a sort of investment; I figured that I would be owning these well into my retirement. What my purchased did was allow me to fill some holes as well as provide insurance against a dollar that will eventually decline.
I don't plan on selling these; it's a nice cushion to augment my 401k. I could sell now and come out way ahead, but I plan on holding these for several more years.
I think the gold and silver trains left the station a long time ago. There will be buying opportunities here and there, but if you're going to buy in, my advice (which is worth the paper it's printed on) is to be prepared to hold these coins for five years or more.
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Pillar of the Community
United States
1158 Posts |
Keep in mind that the only thing keeping prices high is demand. That could wane or wax at any time. It has with other collectibles.
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Pillar of the Community
Canada
1118 Posts |
tkbslc, when I am 35 I plan on cashing in my Canadian Football Card collection and retiring.
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Bedrock of the Community
United States
20753 Posts |
Investing in coins? Sort of like investing in Buggy Whips. Or those Sporting cards, Hot Wheel cars, US postage stamps. All hobbies are supposed to be for fun anyway. So many people go nutty blowing money on STUFF that someday will make them rich, like Beanie Babies. A lady I know has thousands invested in those. Coin prices are all based on what if, I like, I need, a guess, etc. I've been collecting the Whitman Red Book since they first came out. The hard covered ones just go to a bookcase. I use a 5 year old one for values. So lately I'm still using my 2010 Edition to look up values. I've found, as a general rule, not necessarily real, the values in the 2010 edition are sort of close to todays prices. And that is the selling price, not what you could ever get selling yourself, unless your a ebay person. Current state of coins as an investment. Prior to that I'd invest in 1957 Chevy Convertibles first. |
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Pillar of the Community
 United States
5953 Posts |
When you buy a coin you pay what you are willing to part with for it. That's its value to you. I am sure there is some thought of investment there but the ultimate choice is because you want the coin and you can afford the price. When you sell it you get what some one else is willing to pay for it.. Chances are its going to be less than you expect. Coins are a hobby to me not an investment. Though I do like to pretend that I am making an investment when I buy a nice one. The market is run by supply and demand so I think you would need very deep pockets to be able to invest in coins. You would need to be able to influence supply.
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Pillar of the Community
United States
7375 Posts |
Unless you can "cherry pick" it's a BAD investment.
I like having a small amount of 90% silver coins as a "hedge."
Other than that, I just buy what I like. Like the wise man said, "Buy what you like so you won't mind if you get stuck with it." Right now I'm stuck with a lot of stuff I enjoy looking at.
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Pillar of the Community
United States
1158 Posts |
Quote:
tkbslc, when I am 35 I plan on cashing in my Canadian Football Card collection and retiring. Good luck!  |
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Valued Member
United States
71 Posts |
I think you have to like coins to see them as some what of a investment. Bullion items on the other hand are a different story. I myself (for what it's worth) like Morgans, but I try to also buy a lot of key coins that I think are cool; 1916 D Mercs, 3 legged buffalos, 1955 DDO, etc. Coins are just like every other type of investment vehicle...which is they could go up, down, or stay the same. |
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Valued Member
United States
111 Posts |
"Buy what you like so you won't mind if you get stuck with it." Right now I'm stuck with a lot of stuff I enjoy looking at.
I like that! thank you for all the great feedback! I should have said a collector/investor. I would love to own a lot of stuff to enjoy looking at over the many years.
Edited by themetallurgist
09/01/2014 8:49 pm
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Replies: 13 / Views: 2,454 |
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Posted 09/01/2014 11:37 am
