| Author |
 Replies: 14 / Views: 1,318 |
|
|
Valued Member
United States
189 Posts |
Okay guys, I'm not a big seller or anything just a personal collector. I was wondering what my next "project" should be. I have recently collected all the 50 State Quarter $10 rolls from the mint. As my next project should I go ahead and try and collect key dates for my books like the 1916-D mercury and such coins like that? Or should I start to collect all the U.S. mint proof and mint sets from 1956-current. I already have 1999-2007 proof, silver proof, and mint sets. And a few miscellaneous years. I'm just looking for some professional and personal opinions on what you think will be the most fun and what will be the best investment? THANKS GUYS Edited by lucifer
09/19/2007 4:59 pm
|
|
|
|
Valued Member
United States
206 Posts |
hi lucifer, This is really your decision but I would recommend collecting Kennedy Halfs. Also, the Susan B. Anthony and the Flying Eagle pennies seem to be really easy to make a complete set because they only were made for a few years. However, since you are up to date with the Washington Statehood Quarters, I would start collecting the Presidential dollar Series. Ben |
|
Pillar of the Community
United States
2269 Posts |
Keys, Always go for the keys first. You could get the common dates at a later time.
|
|
Pillar of the Community
 United States
5953 Posts |
I agree with Spider5689 what ever set you decide to collect try to start with the keys as the longer you wait the more you will have to save.
|
|
Valued Member
 United States
189 Posts |
Hi gold, you say collect Kennedy half dollars but if I get all the mint and proof sets wont I have all the kennedys? I already have complete Washington, Eisenhower, Roosevelt, and Jefferson sets and all the Merc's except for 1916-D 21 and 21-D |
|
Pillar of the Community
United States
812 Posts |
As a collector, you should definitely go for coins that interest you. If they don't go up in value (or go up only modestly), you will still get enjoyment from the collection. That said, once you have decided what interests you, going for the keys is always a good idea. They are more challenging to obtain and have the best chance of appreciating in value.
Personally, I get more enjoyment from circulated coins from the 1800s than I do from MS/PF coins of current designs. I don't focus on particular series of coins, but instead I focus on particular historical eras. But that's just me. You should pursue your interests.
I don't expect to get rich as a coin collector, but it is nice knowing that the coins I buy this year will be among the very few items I buy in 2007 that will retain (or increase) their value by 2010. Almost everything else I spend money on will be gone or have lost the majority of its value in 3 years.
|
|
Bedrock of the Community
United States
14454 Posts |
as was said I would go for the key dates if it were me,as was also said just because the key dates will do nothing but go up in value the longer you wait just making the sets you already have started lacking the key dates longer because their price increase. I on the other hand when I do buy the key dates I always buy the highest grade and most eye appealing (to me) coin I can afford at the time instead of just settling for what I find first.
|
|
Pillar of the Community
United States
2764 Posts |
I have to agree with Bilbo: quote:
but it is nice knowing that the coins I buy this year will be among the very few items I buy in 2007 that will retain (or increase) their value by 2010. Almost everything else I spend money on will be gone or have lost the majority of its value in 3 years.
I can't say anything more than what Bryan already said: quote:
I would go for the key dates if it were me,as was also said just because the key dates will do nothing but go up in value the longer you wait just making the sets you already have started lacking the key dates longer because their price increase. I on the other hand when I do buy the key dates I always buy the highest grade and most eye appealing (to me) coin I can afford at the time instead of just settling for what I find first.
Enjoy your time..... |
|
New Member
United States
12 Posts |
I'd suggest collecting gold or silver coinage. I recommend "junk silver" for reason that the U.S. dollar is tanking while gold and silver hold their value, or increase. Remember, 3 silver dimes will still buy you a gallon of gas. Here's an enlightening video on the topic: "Jones on Gold and Silver" http://www.youtube.com/watch?v=1w0LOtWmy_o |
|
Pillar of the Community
United States
533 Posts |
Shoot for the key dates. I wish that I would have done that earlier on and saved some money in the long run. You would also do good to stick with BiLbo's advice and go with what interests and gives you enjoyment. I just love a gently circulated Barber dime's reverse in F or XF. It is these little beauties that has kept me active and interested no matter how slim my pocket book was. |
|
Valued Member
United States
206 Posts |
What I was trying to say about the Kennedy Halfs, is to collect them seperately in an album. If you wanted to just get all of the Mint and Proof Sets and consider that your collection that's fine. But I always liked them seperate from the rest. Maybe that's just me. However, I do agree with everyone else by collecting the keys first.
I hope that helped.
Ben
|
|
Bedrock of the Community
United States
20753 Posts |
So many ask that question in many different ways. I usually answer any such questions with this: That is like asking which wife should I marry? Which car should I buy? What state should I move to? Which attorney is best for my divorse?(Usually needed if you asked which wife to marry). There are way to many coins out there to collect and way to many ways to collect them.
Basically what Bilbo said. Just start collecting what you like.
I would suggest you go to coin shows, walk around with an open mind, go home and think about what you saw and what you liked.
Or just send me your excess mony and no more problems.
|
|
Valued Member
United States
363 Posts |
Ideally, all things being good, I would agree with what most have said about getting the keys first. Their values increase at the best rate. But, I would just like to add, be awfully careful as well while doing that. If you get fooled by a doctored "key" coin, the consequences can be pretty expensive. If you are a beginner, and even if you're not, sometimes the better coins should probably be bought certified by a top grading/authentication service. Or, buy from a trustworthy, well known dealer. (at least to you) I say this, because when I first started with wild abandon, I was fooled by a whizzed coin once. Also, I once sent my money off through the mail to a seller unknown to me who advertised in a top numismatic publication. I never received my coins, he sent me an empty box, then claimed I had rec'd my coins. Later, he was prosecuted and served some prison time. Of course, he was supposed to reimburse the dozens of people he had gypped, but do you think I ever received any compensation? That was about 15 years ago and I'm still waiting! I've thought someday I might start a thread entitled: What's the worst coin deal or coin mistake you ever made? , but I didn't think it would be very popular!  |
|
Valued Member
United States
189 Posts |
Thanks alot guys I did not look at this for a while but it helped so much!
|
|
Valued Member
United States
65 Posts |
Buy key dates; years from now you will marvel how smart you were to buy them when they were cheap.
Horde Wheat pennies...until the new lincoln pennies come out in 2009.
Buy silver proofs - you would be amazed at how many I see turn up in "junk silver" lots. They are one coin which is actually getting scarcer.
Did I mention key dates?
|
| |
Replies: 14 / Views: 1,318 |
|
Posted 09/19/2007 5:16 pm
