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 Replies: 11 / Views: 2,015 |
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Valued Member
Canada
137 Posts |
You have the choice of buying a 1954 unc.modified $1000 bill or a 1948 ms62 dollar that are the same price. I'm interested in your opinions as to which would be a smarter long term buy.
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Valued Member
Canada
68 Posts |
I would say 1954 $1000 bill
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Pillar of the Community
Canada
864 Posts |
I bought an UNC $1000 last year BC-44d, got it graded by BCS for less than $1400 all in.....I think a 1948 MS62 (i presume certified, don't buy otherwise)goes for a bit more than that?
In the long term, someone else gets to sell your collection and spend the proceeds.
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Pillar of the Community
Canada
1967 Posts |
i think the dollar will go up more
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Pillar of the Community
Canada
2845 Posts |
$1000 1954 banknote is a far less riskier choice - worse case scenario it can be cashed at face value at a bank for $1000. But I think the 1948 SD is a better investment in terms of longterm increased value. I'd take the gamble and go with that if my timeline was at least 10+ years.
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Pillar of the Community
 Canada
5273 Posts |
Neither one is really an investment. Think about it , the 1954 modified was probably tucked away in the mid 1980s let's say around 1986. So after the thirty years @ 5 per cent simple interest is now 2500 smackers. A 1948 silver dollar is a story coin and in MS 62 is just a lousy investment. Remember unless you are actively buying and selling numismatics on a daily basis as a living, there are way better ways to invest money. Choice number three is way better ..........DO NOT use coins or bank notes as an investment vehicle. The results are seldom pretty for the average punter! Collect coins as a hobby to enjoy.
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Valued Member
United States
212 Posts |
I'll take both, but on the condition that I'm not buying them as an investment, but more as something to add to my collection.  I don't collect Canadians, but I think this is really "the law of the land" across all coin/currency types Edited by NickelCollector
07/14/2015 9:57 pm
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Pillar of the Community
Canada
2845 Posts |
I agree the word "investment" means different things to different people. The actual definition is "the action or process of investing money for profit or material result". I think it's fair to say that the purchase of coins is an investment because "for material result" --- in return for spending money, a coin is received.
Or perhaps it's a colloquial thing but I frequently use the word "Investment". Heck just last week I invested in yet another pair of summer shoes hoping to up the odds that this beautiful summer will last a lot longer!
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Valued Member
 Canada
137 Posts |
Hi everyone, thanks for the replies, I'm more collector than investor but that being said I always try and buy so that I will at least get my money back if I decide to part with it,haven't parted with anything yet so I don't know how that's going so far though;). Tripoli I agree with you as to who will profit from my collection, Hopefully my boys do well!
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Pillar of the Community
Canada
1192 Posts |
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Pillar of the Community
Canada
3049 Posts |
I would go for the '48 as well... with low mintage numbers they will always be a bit more desireable in my opinion..
But I whole heartedly agree with pacificoin on this one.. coins should NOT be used as an investment vehicle... there are MUCH better ways of generating a return..
(side note) - over a year a go I bought a bunch some hardware from a large box store 100pcs for around .83 each. Just two weeks ago I returned all the unused ones (approx 40) I didn't have the bill and they gave me store credit.. for 1.03 each! I just found the bill yesterday and was like "HOLY HECK I should've gone all in ! LOL
Truth is while not an intentional investment over one year I just made 20%
So buy what ever coins you like... enjoy the collection... I think I would be much happier with a '48 $1 .... than I would with $1000 note..
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Pillar of the Community
Canada
1207 Posts |
I'd buy the 48 dollar unless the signatures on the $1000 note are Beattie-Coyne. I had a $1000 note in MS63 with Lawson-Bouey signatures about a year ago that I tried to sell at a coin Expo and I couldn't get any interest even at $1100. These are just a bad investment as there's a very small market and most dealers will sell them cheaply just to keep the cash flowing.
Cheers, Bill
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Replies: 11 / Views: 2,015 |
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Posted 07/14/2015 8:31 pm
