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 Replies: 68 / Views: 10,003 |
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Pillar of the Community
New Zealand
526 Posts |
. My parents bought in 1953 a Queen Elizabeth II Coronation Crown (in a plastic holder), and the 1965 SIR WINSTON CHURCHILL COMMEMORATIVE CROWN both eventually passed on to me. They expected these to increase in value  |
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Pillar of the Community
United States
828 Posts |
westernsky.... Food,Gas,And girls.
I remember those days. If only I spent that money on coins.
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Pillar of the Community
 United States
6130 Posts |
I got one of those 1965 crowns from my family members returning from a UK trip years ago. I'm up to about 4 now, just as collateral from ebay lots. People love to toss these in as an eye-catcher. What was the original issue price on those? I know they have at least retained some value, but I can't imagine they have retained more than 1965 face value. |
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Bedrock of the Community
United States
17884 Posts |
Quote:On the other hand.... 1903-O BU Morgan dollars for less than 10$ each when bags of them were released by the Treasury in Washington in the early 60's. True, if you bought them then for $10 each and held them to today you would have an 8% per annum return. Of course if you had sold them in 1987 your rate of return would have been 16% per annum. So even though the value is still going up, the rate of return is going down. Like I said, timing is everything. Edited by Conder101
09/16/2015 12:03 pm
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Pillar of the Community
United States
814 Posts |
Quote:
but I can't imagine they have retained more than 1965 face value Well with their 5/- face value being the equivalent of 25p today, I expect they probably carry at least some sort of miniscule premium. Albeit not much of one. Edited by hcmusicguy
09/16/2015 4:31 pm
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Pillar of the Community
United Kingdom
548 Posts |
- Coins that are painted or otherwise decorated. AKA "Coins with crap on them" - Coins from private mints. Here in Britain that means coins issued as "legal tender" from British overseas territories like Tristan da Cunha. - 99% of the coins released by The Royal Mint.* *The 1% refers to coins such as the 2013 Royal Birth coin which was released without warning, had a mintage of just 10,000 and used Benedetto Pistrucci's excellent St George design from 1817. This coin has actually gone up in value, proof that The Royal Mint does get it right sometimes. Edited by Demarco Bishopp
09/16/2015 5:18 pm
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Pillar of the Community
United States
2272 Posts |
Quote:
- 1970s to date US proof/mint sets: With a handful of exceptions, most can still be bought for their original issue price, which is worth 10-25% of the issue price in terms of 1970s-80s purchasing power. Everything is perspective and timing. Of course if you bought five mint sets from the mint each year and sat on them since 1965 you'd be out a lot of money. You'd probably have six or eight "money coins" that would barely recoup half your investment and the opportunity costs can't be recovered. But just as searching pocket chance in the 1950's didn't pay off because collectors had already pulled all the rare dates from circulation and people didn't know they should be looking for Gems and varieties the exact same thing happened to mint sets (and proof sets). If you had purchased sets on the aftermarket all those years and submitted the coins for grading and attribution at the proper time you could have made a great deal of profit. Nothing ever really changes. Now days there is still opportunity in the mint and proof sets but it requires far more effort and work than ever before. The markets are so weak now that only the highest grades are worth submission and the typical coins are hard to sell. In a few years it will be just like the circulating coinage of the '50's and these will be the good old days because the mint and proof sets will be gone. Tens of thousands are being destroyed everyday because there is far more supply than current demand. Time don't fly, it bounds and leaps.
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Pillar of the Community
United States
2272 Posts |
Quote:
Modern world coins. Many scarce moderns are soaring. Gains of 1000% and even 10,000% are not terribly unusual. People didn't bother to save lots of moderns because they were base metal junk made in huge numbers and now that just aren't any or very few. Try your luck at finding a 1961 Indian mint set. This was a $2 a few years ago but now it will take a wad of hundred dollar bills to buy it. We'll see the same with nice pristine 1969 proof sets before too long. People just assume all moderns are common but some aren't. Time don't fly, it bounds and leaps.
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Pillar of the Community
United States
932 Posts |
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Pillar of the Community
United States
2272 Posts |
The biggest loser I know of is the '60-D sm dt penny. In 1960 these went for nearly $40 per roll or about $350 in today's money! A lot of good companies had stock that was a lot cheaper.
By 2008 these weren't worth the postage to ship so essentially were 1c each. Today they wholesale for 3c each.
Time don't fly, it bounds and leaps.
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Pillar of the Community
 United States
5828 Posts |
Got a free DDR-004, had an offer for $150 but I didn't take it... Now look at the values!
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Valued Member
United States
214 Posts |
The 2009 pennies that had been slabbed and graded, then put up for sale on ebay for $2, 000.00. I doubt that anyone bought them, but if they did that would be the worst coin investment of the century. |
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Pillar of the Community
United States
932 Posts |
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Bedrock of the Community
United States
10284 Posts |
unsearched ONE CENT rolls - but I never bought any.
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Pillar of the Community
United States
2637 Posts |
Quote:1973-S proof silver Ike dollars at 100$ each in the 1970's . Sold mine in December 1980. Got over $100. Quote:
the GSA dollars if you bought them in the 1972 sales Sold that in 1980 also. Also over $100. |
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Replies: 68 / Views: 10,003 |
First Page
Posted 09/16/2015 07:06 am
