High End Morgan Dollars As An Alternative Investment?

No idea how good these are I do not "invest" in coins just a collector here..... http://www.us-coin-values-advisor.c...-values.html ....?


Seems as though the stock market is a better gamble though?

No.

my opinion is that 15k isn't enough to be high dollar. Sure it is a lot of money, but if you are wanting a super duper ultra rare coin that increases in value over 10-20 years, then 15k won't be enough. I am thinking of the coins that are over 100k.

I believe the stock market historically averages something like 8% every year so if you put it in a decent mutual fund you are talking 40-50k by year 15. I don't know if any coin would give you that kind of return.

I don't know, I am no professional, and my bank account surely shows that. Do whatever you think is best. It's your money.

If you are looking for an alternative investment, I would look at something that is not a slowly dying hobby like numismatics. In addition to my coin hobby, I have been purchasing and holding boxes of Magic; The Gathering cards for years, as I used to play when my coworkers often played at lunch. Part collectible, part game, they have far more functionality than obsolete coinage and produce solid returns with selective investing. I spent $1,000 on boxes back in 1999, and today, with occasional reselling of boxes to reinvest funds into newer issue sets, I have turned my $1,000 investment into about $19,000. That is something like 19% per year. Presuming I work another 10-15 years before I retire and can maintain that 19% per annum, I should have around $100,000 worth of material to sell.

I am not saying you should run out and start buying these cards, I am saying that you should look for a hobby that you see people in their early to mid 20's engaging in, that has some level of collectability and remains relatively liquid. Those are the kind of things that will be good investments as that generation of individuals grows older and their expendable income rises. Another good example would be Muscle Cars from the late 1960's and early 1970's. You could buy them cheap in the 1980's, but 10-15 years later, they were worth a small fortune.

Good luck generating those kinds of returns on coins worth less than $100,000 these days. The market and economy just is not there to support investment-quality coins on anything outside of what the very wealthy want to collect, based on the current state and trend of the US economy. If the middle class sees a revival, then I think coins in the $500-$2,500 range would prove to be a great investment, but I have zero faith in the long-term sustainability of the American middle class given the current political environment.

Never, ever use what is a hobby for an investment. Yes, coins have been OK over the many years. However, when it comes to items of hobbies, remember the Beanie Babies, Hot Wheel cars, Sporting cards, Beer cans, etc. Such hobbies come and go. Although coins have been sort of great for values going up, just one more thing that could crash. Remember Gold going up, up, up. Now sort of not doing that. I've got a friend with a pile of 8 track tapes. He is waiting for those to go up in value. All said in fun but stick to things that work.
If your just looking for an investment, try Buggy Whips. With gasoline prices so high, the horse and buggy may well be coming back. And think, you'ld have a foothold on a product that is needed. Maybe.

If you just look at the value of precious metal stocks since 2009 there have been two crashes and one bull market that ended in 2012. Precious metal mining stocks are in a very steep decline as of today. This all rolls downhill. However, this could change very quickly. I think you would need a lot more than 15k-20k to invest in high end Morgans. You might need 500K-1,000,000 bucks to buy the very best. Morgans are one of the most popular collection coins there are today. If I had a set of Morgans and a couple of sets of Gold Eagles, half eagles and quarter eagles from early 20th century I would be happy as having beautiful coins and possible good precious metal items. I think I agree with most that thinking of numismatics as in collecting and thinking of precious metals should not really be mixed. If you just want silver or gold there are cheaper ways to buy it rather than via coins.

Cartwheel Collector is correct, I have all of the traditional investments covered. I was thinking about buying a high end Carson City dollar. I saw one on ebay that was a GSA dollar, MS 67 Pop 3 for under 25k. It seems like a strong investment if there are only two considered better. The Carson City series is a very popular collection that the rich like to put together...I'm not rich though.lol.

I was just thinking of buying one of the top GSA CC dollars and keeping it off the market for a number of years and then selling for a tidy profit. Pretty simple idea if you think about it but you've got to be willing to gamble 25k on a coin...