| Author |
 Replies: 12 / Views: 2,134 |
|
|
New Member
United States
25 Posts |
I have 100.00 to spend each month on coins. What coins do you think would be best to buy.? Bullion or key date coins?
|
|
|
|
Pillar of the Community
United States
4897 Posts |
Quote:
Bullion or key date coins? Given the limited choices....no brainer.....save for afew months and buy the best keys you can find. Forget the rollercoaster of bullion....imho Really though, just buy what you like! |
|
Bedrock of the Community
United States
20753 Posts |
 Just take your time and buy what you like, want or need. Not important to buy expensive coins when your starting out. To many people do that and end up loosing interest in coins and then have no idea what to do with what they have. This is a hobby so you should try to enjoy it. Buy what you like. |
|
New Member
 United States
25 Posts |
Yes that was what I was thinking too. Maybe start with key date franklins.
|
|
Valued Member
United States
75 Posts |
Franklins are a good choice. Are you going to try for a full bell line set? Also, are you going to include proofs or just mint state?
|
|
New Member
United States
25 Posts |
I am definitely gonna have proofs..But I don't know what a full bell line is.
|
|
Pillar of the Community
United States
3540 Posts |
The secret? Buy at the bottom of the price swing.
Buy the highest quality possible.
As I am typing this...we are all wrong.
BUY THE BOOK FIRST!!! KNOW how to grade the series you wish to purchase. KNOW what a cleaned or whizzed coin looks like and how to spot a fake.
|
|
Pillar of the Community
United States
5854 Posts |
This is a question probably only you can answer. Are looking to invest in bullion/coins, put together a complete set of a series, or some other themed collection? As several others have mentioned, you should be enjoying whatever you decide to buy. It is advisable that you buy a RedBook if you don't already have one. Most Franklin half dollars in MS are very affordable. A $100/month will go a long way. Not really any key dates though some will cost a little more. |
|
Pillar of the Community
United States
1903 Posts |
based on your question, is it safe to assume you are looking for profit? If so...I would either bargain hunt for key dates at coin shops, pawn shops, and ebay or go with bullion. Buying Key Date coins is a safer haven but if you pay market price, it will take you years or even decades in most cases to see any real profit. Edited by unholyroller
12/25/2014 6:03 pm
|
|
New Member
United States
25 Posts |
Thanks everyone ..I always look to make money eventually off of my investment ..So I decided to buy 1 graded coin a month and 100.00 in bullion the next as long as the prices remain low. I think this will work out great. I did buy the kennedy set with the reverse proof and the FDR set. I also have an entire quarter collection from 1932 to now .I just haven't dealt with graded coins much and that's where my dilemma is.
|
|
Moderator
 United States
23522 Posts |
Well, the key to buying slabs is to buy them like the slabs aren't there. Buy raw coins, based on your condition estimate and knowledge of value, which happen to be in slabs whose grades agree with yours. And pay appropriate money for them.
Bullion's easy - learn the price of silver and what a good percentage on top is, and write checks. Slabs are different, and it's pretty easy to blow 40 years' appreciation on the wrong price. There are plenty who will be happy to overcharge you, or sell you a dog barely deserving the grade at the price of one which almost upgraded.
|
|
Pillar of the Community
United States
1903 Posts |
one mindset you need to make sure you have when it comes to bullion is the willingness to sell at a moments notice. Profits with bullion are all about setting a profit margin and selling when it hits then rebuy when the trends dictate more profit in the future. Hanging on to bullion for the long term can certainly make you money, but it diminishes its potential to make you some serious profits.
|
|
New Member
United States
12 Posts |
I agree, if you are fairly flexible in liquidating your bullions go for it, but you might have to watch the market closely and be patient. Try seeing it as a hobby too and not only as an investment, that takes a bit of the edge of as well.
|
| |
Replies: 12 / Views: 2,134 |
|
Posted 12/25/2014 1:15 pm
