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 Replies: 6 / Views: 1,913 |
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Valued Member
United States
245 Posts |
I am new to coin collecting (other than a few penny books as a kid). I was recently given a 1914-S Indian Head Ten Dollar that was my Great Grandfathers, currently posted over in Grading forum.
This inheritance occurred at a time when I was planning on diversifying into some gold. So that combined with wanting to honor my Great Grandfathers preservation of this coin, I am starting to consider building a collection of these.
I plan on keeping this collection and passing it on in the family, so will be looking into custom album or something for it.
That being said, after doing some research, it seems obvious that there may be a year or several that I cannot afford, or may never be able to. To start out I plan on treating this as a gold+ investment, and getting any years that I can that are close enough to spot to justify as a gold investment.
So a few questions:
Is eBay/APMEX type searching my best option?
Should I try to keep the grades close together?
Is this a bad idea?
Any other tips?
I also received a $2.50 liberty, but this coin spoke to me in a whisper "find me some friends to hang out with"
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CCF Sponsor
United States
702 Posts |
If you buy on ebay, and I think ebay auctions may be a good bet, be sure to buy graded. You may wish to have this coin graded as you're interested in a closely matching set. That said, it will be tough to get graded gold close to spot. As far as keeping grades close together, that's up to you. I personally like the idea of grade sets, getting as many grades as I can get. For gold, in particular this set, it will be difficult and tricky. But, in my opinion, a lot of fun. As long as you're enjoying yourself, not much else matters! |
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Valued Member
 United States
245 Posts |
I guess when I said close to spot, I just meant... close enough to justify it to myself :). I think I've seen a fair number that were within 30-40% of spot which I could live with.
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Pillar of the Community
United States
4692 Posts |
Since a full collection of $10 Indians is likely out of reach, you may want to consider a 20th Century gold type coin collection. This would be a very nice collection and there are some nice displays available for these. A complete collection would consist of:
1) $2.50 Liberty Head
2) $2.50 Indian
3) $5 Liberty Head
4) $5 Indian
5) $10 Liberty Head
6) $10 Indian
7) $20 Liberty Head
8) $20 St. Gaudens
These can all be acquired for a small premium over the gold value.
Something to consider
Edited by jimbucks
12/02/2014 9:28 pm
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Rest in Peace
United States
7075 Posts |
 I like that idea a lot. There's a lot to learn about coins and trying to figure out how the numismatic value will hold up over time could become an expensive experiment if you're not careful. But I do like the idea of having all those listed by jimbucks. |
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CCF Sponsor
United States
702 Posts |
Ooh, jimbucks, that's a great idea! I just love those $10 Indians so much I'd love to have one in every grade... But I like jimbucks' idea of a Gold Type Set. You could start with 20th Century and expand if you ever wanted to get into truly numismatic investment-grade coins.
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Pillar of the Community
United States
1002 Posts |
Since you are planning on passing them down eventually, I agree with Scropper's post above, buy only graded [pre-1933] gold.(NGC or PCGS). Those that eventually inherit your coins will deeply appreciate it. You can find AU pre-33 coins like your 14-S Eagle reasonably priced, or common date investment grade coins (63 or better) for a little more. I prefer Great Collections over ebay, and the PCGS BST (buy-sell-trade) forum often has good deals. http://www.greatcollections.com/Den.../Gold-Eagleshttp://forums.collectors.com/catego....cfm?catid=7Keep your eyes open and be patient, good luck with your searching.   Edited by Night-Hawk
12/03/2014 12:50 am
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Replies: 6 / Views: 1,913 |
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Posted 12/02/2014 8:52 pm
